Applying Accounting Theories to Tasks in a Small Chartered Accountancy Firm

Reflecting on the Application of Accounting Theories to Tasks in Weeks 4-7

Being knowledgeable in your major field of study by demonstrating the application of knowledge from your major(s) to your education role, placement, or industry

• To demonstrate how relevant the various theories and concepts from your major have been in the development and completion of your tasks
• To reflect on the significance of your role and how you have added value to your team and/or organisation

In this section you should explain how knowledge from your major(s) applies to your tasks undertaken in weeks 4-7 and discuss the value of your role. For each new, expanded or updated task, explain how theories, concepts, models, frameworks and/or technical competencies, from your major(s) have applied.

Discuss the progress you have made since the Portfolio 1 submission and any further key tasks (refer to your hours log) you have undertaken in your placement. In your discussion you should:

• Discuss your updated knowledge and understanding of your tasks and relevant theory.
• Support your discussion with a comprehensive range of theories, concepts, models, frameworks and/or technical competencies to demonstrate your understanding (Note: You must draw on authoritative sources using in-text reference).
• Explain how this knowledge was relevant to and guided you to complete your tasks.

Relevancy to Accounting major How this theory helped to complete tasks Any gaps in knowledge

Assisted in preparation of income tax return of individual and business                                 

Account receivable - Performed duties of tracking payments of clients and following up                                                      

Reflect and evaluate on your performance in the role in weeks 4-7 (with specific workplace evidence and examples).

• I learned a lot and improved myself in terms of accuracy of work and speed.

Can you please made up one good example for an accounting intern who is working in a small chartered accountancy firm.

Discuss the significance of your role and the value that you have added to your team and/or organisation and how this has developed throughout your placement.

Your Professional Skills: communicate effectively in professional settings, working effectively with others including intercultural and diverse perspectives

• To reflect on further progress and development in your two chosen professional skills goals
• To reflect on how your Education experience has contributed to your overall professional skills and career development

In your Learning Plan you developed TWO goals for your professional skills to work on during your placement. These related to you:

1. Working productively with others to make constructive contributions
2. Working with one’s own and other cultures and diverse perspectives in professional settings

In this section you will reflect on your placement experiences in your chosen aspects of your professional practice since Portfolio 1.

NOTE: You may have refined or revised your goal(s)from feedback in your Portfolio 1, as well as your specific actions you have put in place to achieve your goal(s). Please include these updates in your reflection below.

Please use Time management Matrix to answer this or any theory or framework and steps must be in deeper thinking and in simple language

• Discuss how your planned actions/ strategies have helped towards achieving your goal, support your answer with clear reasoning and specific workplace examples and evidence. (Note: You must ensure that the specific actions planned are practical and draw on authoritative sources using in-text reference).

Please use some good examples for an accounting intern who have recently started working in the small chartered accounting firm (it’s been 7 weeks of me working there)

• Identify and discuss one key learning experience and/or critical incident you have had in this goal in developing your professional skills in the workplace during your Education Placement.
• Reflect on how this learning experience and/or critical incident has led you to new insights about the importance of being able to work productively with others to make constructive contributions.

• My goal is: By the end of my Education Placement, I will develop to communicate and understand various cultural norms and to adhere to various interactions with different individuals

Use any theory or framework and steps must be in deeper thinking and in simple language

• Discuss how your planned actions/ strategies have helped towards achieving your goal, support your answer with clear reasoning and specific workplace examples and evidence. (Note: You must ensure that the specific actions planned are practical and draw on authoritative sources using in-text reference).

Please use some good examples for an accounting intern who have recently started working in the small chartered accounting firm (it’s been 7 weeks of me working there)

• Identify and discuss one key learning experience and/or critical incident you have had in this goal in developing your professional skills in the workplace during your Education Placement.
• Reflect on how this learning experience and/or critical incident has led you to new insights about the importance of working with one’s own and other cultures and diverse perspectives in professional settings.

1. Learning From Others:

In the workplace you have had opportunities to observe and learn from others’ professional practice. Outline at least 2 examples of professional practice you have observed. Reflect on what you have learnt from these observations and comment on how this has influenced your thinking about your own professional practice.

2. My Personal Development:

Reflect on the way in which you perceive you have been developing as a professional during your Placement. Your reflection should review your progress to date and discuss any new insights you have gained into how your Placement might influence your future career planning and development.

Your Education Placement Organisation and the environment it operates in: being critical enquirers and creative problem solvers.

• To demonstrate your understanding and evaluate how the internal environment of your organisation can impact on the way it functions
• To provide evidence of your placement organisation

• Include theories, concepts, models, frameworks and/or technical competencies that apply to your answers.
• Support your answers with examples and evidence
• Reference your discussion using APA 6th ed.

Reflect on how your placement organisation operates. Discuss and evaluate the practices, processes, systems and general tools you have observed that your organisation uses to manage the following. Support your answers with authoritative sources and an in-text reference.

• Internal relationships (consider organisational structure, organisation culture, practices, processes and any other insight into how your organisation is managed).
• External relationships (consider interactions with customers, clients, suppliers, outsource services, competitors etc.)

I work in small Chartered Accountant Organisation who provide accounting services to individuals and small to medium businesses. And this company employees 5 people (including me)