Reflection

After marking the end of this project, I wouldn't say it's difficult, in fact it is much easier than I've thought. But really, it's extremely tedious! I started off the project during the first week of the term break. Despite the short 2 weeks break, I went back to school for 7 days, just for ACCPAC. But, these 7 days were really fruitful for me. I get to know Pinetree and the transactions at the back of my hands. This was helpful in the whole course of the project, as it had really enhanced the progress.

I strongly believe that this project is really helpful to us because as A&F students, it is important for us to be familiar with the accounting software that is commonly used in the industry. I wouldn't say that this project has given us ALL the required knowledge for accessing Sage ACCPAC ERP version 5.4 software, but it has indeed provided us with a basic foundation and knowledge to how the software works. I believe in future, when we go out to work in the society, with the experience that we have acquired from this project, it will definitely place us in a better position.

My Contributions???

For the ACCPAC project, I did quite a number of things. I started off by creating the Chart of Accounts which took me the whole afternoon, because keying in 70 over accounts was really no easy feat when we have to set up the "base" for each of them. Next, I went on to set up the GL system, AR system and then AP system. This project was completed "vertically", which means we completed the whole of GL system, followed by AR and finally the AP. In order to minimize the possible errors, I've decided to write out all the double entries for the transactions, including those for the adjustments and recurrings, before entering them into the system. That was really a wise decision because it had really speeded up the subsequent work to be done. When I input the data, I was also very careful, paying a lot of attention to the dates, amounts and the debits/credits. There are some difficulties that I've encountered in the project, in particular the appropriate accounting treatment for the GST and CPF Contributions. But eventually, with the help of peers, I managed to resolve them. The recurring entries, on the other hand, are also quite tedious because we have to pay special attention to the "start date", and for some entries, we have to calculate the periods in which it will spread over.

As for the theory part, I'm responsible for researching and providing the materials and information required. I've also edited the theory numerous times before finalizing it for submission.

Soft Skills Learnt???

This project has taught me new soft skills relating to Microsoft Excel. As the financial statements are all in Excel format, I have learnt some skills relating to the alignment, to make the statements more presentable. Another soft skill that I have learnt is the creation of blogs. If not for this project, I guess I'll never learn how to create a "proper" blog.

In general, frankly speaking, in the process of doing this project, every step/action seems to be filled with lots of uncertainty and helplessness. But fortunately, with the help of peers and tutors, I'm glad that this project has been completed "quite" successfully. So, thanks a lot to everyone!!

Cheers!!

Hahas. I finally managed to somehow create a "decent" blog. If not for this project, I guess I'll never learn how to "blog". Perhaps I can include this as one of the soft skill I have acquired.

Anyways, today is wednesday, I've submitted the project to Mrs Yeo - 2 days in advance. I really hope to get over with this tedious project, that's why I handed up so early. In fact, I'm not at all confident of doing well. All I can say is that I've done my best! So regardless of what grade I'll achieve, I will just accept it and try not to be too disappointed.

Ya. So that's all for today I think, quite tired, need to rest before my mind can function properly again. Oh ya, will do the Individual Reflection either tomorrow or friday.