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+ - Author: CHEN Yongyuan (Walter)
+ - Report date: 2022-11-09
+
+ Note:
+ My name is Walter.
+
+ First of all, I am very happy that I can share my accounting internship experience here.
+
+ During last summer holiday, I took an internship at Grant Thornton.
+
+
+ ### Agenda
+
+ 1. About the accounting internship
+ 2. Details of the internship project
+ 3. Key lessons learned
+ 4. Suggestion
+
+
+
+
Accounting Internship Overview
+
+
+ 🏠 Company: China National Offshore Oil Corp
+ (CNOOC Guangdong Sales Co. Ltd)
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👨 Supervisor: FU Kaijun
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+
👕 Role: Audit assistant of Guangdong audit team
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+
🌍 Location: Guangdong area (Zhanjiang, Zhuhai, Jiangmen, and Guangzhou)
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+ My job is to do
+ substantive procedures,
+ prepare audit working paper,
+ and write programs to reduce repetitive work.
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+ ### Key Lessons Learned
+
+ > If there is anything unsure, be sure to ask.
+
+ Notes:
+ Although I had not taken any auditing course when I start the internship, I still manage to learn some basic concept before I went to workplace. During the internship, I learned a lot, not just accounting and auditing knowledge such as consolidated financial statement. Also include work etiquette, communication methods, etc.
+
+ The first lessons I learned, also the first thing my supervisor told my in the work, is if there anything unsure, be sure to ask.
+
+ Our audit schedule is very tight. We spent most of our time in reviewing and correcting errors in financial statements. After we audit the subsidiaries individual financial statement, then we will review the consolidated financial statement. At the same time, we will also prepare audit papers. So that means if there are errors in subsidiary's statement, but found it during the consolidated process, that means we need to go back to readjust the consolidated statement and audit worksheet. This will not only slow down the entire audit project, but also add extra workload to other team members.
+
+
+ ### Key Lessons Learned
+
+ > Don't work hard, work smart!
+
+ Notes:
+ The difference between work hard and work smart is how much time you spend in completing tasks. Hard work tends to be when someone spends a great amout of time completing many things, while smart work is when they spend more time to find the right way to complete right things.
+
+ A very typically example during my internship is. Once we use scanner to scan hundreds of documents and needed to rename those file in certain order. On of my co-worker said "Okey, just give me one hour I will rename them one by one". However the correct way to do that is simply select all files, and press F2 then you can rename all files at once.
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+ At that time I didn't know that F2 is the shortcut to rename files, but I am sure there must be some way to do this task quickly, so I spent two minutes seaerching on Baidu, and spend one minute to complete the task.
+
+ In general, if you find yourself doing a very repetitive task, there may be a smater way to accomplish the task. Never stop learning new knowledge.
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+
+
+
+ ## Suggestion
+
+
+ ## For the Company
+
+ > Information Island: Data in system that has no external connectivity.
+
+ - Can't sync/compare data between systems
+ - Require manually input data
+ - Involve more errors
+ - Increase complexity
+
+ Invest on developing a all-in-one solution system or pipeline between system, and traning employee to use the system.
+
+ Notes:
+
+ SAP, 久其报表,海油卡
+
+
+ ## For the Accounting Program
+
+ - Set a file naming standard
+ - Instead of something like `Water final ver.2 (1).docx`
+ - Set a version control system for the files
+ - Automate repetitive tasks
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+
+