Student's Work Record

For quarterly: April-June- 2015

Weekly Re
Name of Student: Md. Alimuzzaman

(a) Enter a date reference at the top of eac

(b) Record experience against class of
chosen by your office (half an hour/units a

Producing statements
Appraising/reporting
Ancillary services for clients
Other work (specify):
Review Accounts
Auditing
Preparing/ updating permanent notes
Evaluating systems/reporting weaknessess
Testing transactions:
Vouching-type tests
System based tests
Verifying financial statements:
Revenue account items
Balance sheet items (generally)
Fixed assets
Stock/work in progress
Debtors
Cash/Bank
Other assets
Capital/Reserves
Liabilities
Notes to accounts

23/04/2015

Accountancy
Preparing accounting records
Drafting financial statements:
Corporate bodies
Groups of companies
Partnerships/ Sole traders
Global Reporting
Creat Chart of Accounts
Up (preparing accounts)

16/04/2015

1
1.1
1.2
1.2.1
1.2.2
1.2.3
1.2.4
1.2.5
1.2.6
1.2.7
1.2.8
1.3
1.4
1.5
1.6
1.6.1
1.6.2
2
2.1
2.2
2.3
2.3.1
2.3.2
2.4
2.4.1
2.4.2
2.4.3
2.4.4
2.4.5
2.4.6
2.4.7
2.4.8
2.4.9
2.4.10

30/04/2015

(Please read notes attached)

09/04/2015

Time analysis

02/04/2015

Classes of work undertaken

32
-

70
-

112
-

110
-

30
-

2.5
2.6
2.6.1
2.6.2
3
3.1
3.2
3.3
3.4
3.4.1
3.4.2
4
4.1
4.2
4.3
4.4
4.5
4.6
5
6
7
7.1
7.2
7.3
7.4
7.5
7.6
7.7
8

Audit management
Other work (specify):
Audit instruction
Expense/Provision
Tax (includes preparing computations)
Company
Personal/Partnership
Tax collection returns
Other work (specify):
VAT/Customs
Other Experience (Specify)
Internal control adoption
Dividend Remittance
Royalty Transfer Certificate
Preparation of AGM Minutes
Preparation of Schedul X
Travelling
Total Client Time
Non Client Time
Study/Examination Leave
Other Courses/Lectures
Sickness/Adjusted
Holidays/ other time of
Industrial secondment
Office Administration
Idle time
Total Time

32

70

112

110

30

32

70

112

110

70
100

Notes for the assistance of managers when completing the Weekl

These notes explain the work which should be included within the brief description against each line
1 Accountancy
Note: Briefing, supervising, reviewing and discussion time should be allocated to the most
appropriate sub-heading. So should time spent whilst on loan to clients.
1.1 Preparing accounting records
Writing up books of prime entry, control/total accounts, ledgers and subsidiary books (e.g. a
plant register), trial balances: preparing analyses and reconciliations, including those for audit
purposes but excluding those specifically for tax purposes, which should be allocated to section
3. Incomplete record work will fall mainly under this sub-heading.

1.2 Drafting financial ststements

Under 1.2.4 to 1.2.8 firms should define their own headings for their students usesing.

Trust and pension schemes:

Insolvences:
management accounts including forecasts.
1.3 Producing statements
Such as calling over, casting and checking, referencing, organisation of typing and printing and
sending out financial statements and reports , whether as auditor or accountant.

1.4 Appraising/reporting
Such as evaluating and reporting on accounting and management information e.g:
examination significant ratios and trends:
discussing drafts with clients:
commentries on financial statements to clients and third parties.
1.5 Ancillary services for clients
Such as preparing minutes, register, share transfers, annual returns, and providing other
secretarial services including formation of companies and attendance at meetings preparing
and certifying other document.
1.6 Other work
Specify only significant amounts of time which cannot be allocated reasonably under any other
heading.
2 Auditing
Note: Time may be spent on what seems to be a general activity for which there is no suitable
sub-heading, e.g time spent visiting branches, carrying out group audits, reviewing work done
by internal auditors or in using computer audit techniques. Such time should be allocated to the
sub-heading for the type of audit work which the activity involves, e.g time spent reviewing
internal auditor's procedural audit work should be allocated to 2.3.2.

2.1 Preparing/updating permanent notes

Including gaining an understanding of the client's business as a whole recording the client's
accounting system either by flowchart or narrative.
2.2 Evaluating systems/reporting weaknesses
Such as preparing or using an I.C.Q designing audit programmes and deciding the scope of
tests. Also includes time spent in preparing a management letter informing the client of system
control problems.

kly Record of Work done

limuzzaman

Totals

10

14

15

16

17

18

14/05/2015

21/05/2015

28/05/2015

31/05/2015

04/06/2015

25/06/2015

30/06/2015

Conver
t to
days

18/06/2015

11/06/2015

6
07/05/2015

In units

the top of each column e.g. 02/01,09/01 etc.

inst class of work undertaken in the units
n hour/units are recommended).

80
-

70
-

35
45
-

119
-

32
-

14
14
-

42
-

42
-

284
549
14
-

20.29
39.21
1.00
-

80

70

80

119

32

28

42

42

847

60.50

80

70

80

119

32

14
42

70
70

70
70

28
11
81

42

182
70
11
1,110

13.00
5.00
0.79
79.29

he Weekly Record of Work done

ainst each line on the Record.

2.3 Testing transactions
Vouching type tests (2.3.1) are those which are used where, because there is no
efective
system of internal control , the audit objectives are achieved by
examining a relatively high proportion of transactions and entries in the accounting
records. System based tests (2.3.2) are those which are used where the accounting
function is based upon an efective system of internal control and where the audit
objectives are achieved by reviewing and assessing the procedures and controls
and by testing a relatively small proportion of transactions.

2.4 Verifying financial statements

Do not include under sub-heading 2.4.1 any time spent on auditing such items as
sales, purchases, wages, expenses, as it should be recorded under one of the subheading of 2.3. However, include here time spent in auditing the revenue account,
evaluating the trends revealed therein, comparisons with prior years and significant

Do not include under sub-heading 2.4.1 any time spent on auditing such items as
sales, purchases, wages, expenses, as it should be recorded under one of the subheading of 2.3. However, include here time spent in auditing the revenue account,
evaluating the trends revealed therein, comparisons with prior years and significant
diferences and veryfying extraordinary and exceptional items. 2.4.2 should be used
for checking the accounts with the underlying records. It should also be used for
review audits and the audit of group accounts if the time cannot be allocated under
the other heading in 2.4. Time spent checking the statutory books, including share
transfer audits, should be recorded in line 2.4.8.

2.5 Audit management

Including planning : general supervision, general discussions with clients, partners
and managers: briefings and reviews (do not include time which belongs to specific
audit areas) billing and completing , correspondence, photpcopying and filing.

3 Tax
Note: Include here, not under section 1, time spent in analysing accounts for
disallowances etc. in preparing provisions and computations, in checking
assessments and in corresponding with the Tax Authority.

3.3 Tax collection returns

Such as time spent preparing VAT and similar returns not relating to tax on income.

3.4 Other (specify)

Including trusts, tax planning and related financial advice.
4 Other Experience
Note: Firms should nominate their own headings for their students use in this
section and may include e.g:
management consultncy, system design,
investigations for purchase of business, share valuation, prospectus work, fraud,
back duty research, executorship, management of insolvencies etc.
allocate book-keeping and accountancy to Section 1.
Care should be taken not to allocate time to sub-heading which can be allocated
elseqhere e.g.observation of physical stock-taking should be allocated to 2.4.4.

7 Non-Client Time
Note:Lines 7.7 and 7.8 have been left blank to nominate appropriate heading.

420

Quarterly Report On Manager's Work Record

Name of student: Md. Alimuzzaman

A Report by Manager
To be completed by the
manager for every three month
period and to be submitted to
the partner immediately after
the end of the quarter in
question.

Date of previous Reviews

1st_____________
2nd____________
3rd_____________
4th_____________

Describe below the nature of work,type and size of und

last review. Do not merely repeat information which i
Spent three days flowcharting the production cycle of
has a turnover of TK. 70m. Learned how the movement
work in progress accounts (kept at standard cost) and v

5th____________
6th____________
7th____________
8th____________

Narrative

1 Learned about the sole trader business procedure and how to prepare the accounts of sole
gathered some knowledge about the contract between a sole trader and Multi national compan

Client: MIR Trading

Partner's Special Instructions for Next Quarter

When carrying out his review which should if possible take place within
three weeks of the end of the quarter , the partners should obtain:

(a) the Quarterly Work Report and the Weekly and Summary Record of
Work done:

(b)the latest Appraisal of Manager's Work Perfomance.

Type of work

Date Discussed

by

With

Partner's remarks (in the event of any special instructions having been formulated by a manage

Hussain Farhad & Co.

Training Contract no/ID no. 117

work,type and size of undertaking involved and what has been learned since the
peat information which is in the Weekly Work Record . An example might be:
g the production cycle of a manufacuring company which makes nuts and bolts
arned how the movement of goods is controlled ; the source of the postings to the
pt at standard cost) and variance accounts.

9th_______________
10th______________
11th______________
12th______________

are the accounts of sole tradership. And

nd Multi national company.

13th____________
14th____________
15th____________
16th____________

Level of responsibility
Audit Representative

The partner should then, in discussion with the manager, review the
above document and:

(c ) consider the extent to which his special instructions at the end of

the preceding quarter have been carried out: and

(d) record his further special instructions, if any, on the type of work
and level of responsibility which ought to be assigned to the manager
with the object of ensuring a reasonable balance of work to be
undertaken.

Level of responsibility

n formulated by a manager or another partner).

(Signed)
(Signed)