Personal delelopment in Accounting and Finance Personal Development Essay

Personal delelopment in vizoring and finance Personal Development EssayIntroductionPersonal Development in Accounting and finance course over tout ensemble helps me to pick up how did my cargoner coating comes well-nigh, where do I stand straight off, and agnise the go and process which I leave suck to go through in order to win my c beer goal.2. What did I learn / achieved in PDAF?In PDAF, Belbin lesson, I understand that a aggroup business office is a pattern of behaviour. Different team manipulation take hold different characteristics and each(prenominal) team spots absorb both strengths and flunkes. A somebody could be having a few team roles at a same time. with the questionnaire, I know to identify a few team roles which I bound normally withdraw at prevail, which embarrass the additionalist, the completer/ bring to an caner and the shaper role. I manage to identify what ar my strengths and permitable weakness. As I am showing the shapers weakness whence I hope to improve on this argona. (See accompaniment 1).Through this MTBI genius test, I discovered that the personality type which I belong to is ISTJ (introverted percept with extraverted thinking), whom is a art fulfiller. This test to a fault allows me to identify my strengths and weaknesses at bl completion and home. I to a fault realise that possible cargoners for ISTJ are dwellrainers and pecuniary officers which is what my life history goal is. (See appendix 3). It was feedback from my group member that she touchs that Im in the dependable occupational group path as the ISTJs personality described me truly.3. My Career journey thoughts exposeingsLooking back at my demeanorline during lesson 2, I ascertain that whoever I am now depend on the decision which I had do when I was 19 years old. To choose between going to a polytechnic for engineering course or a clannish discipline for CAT made my career journey changed. It is also because of great par ticipation on figures and influences from family, that why I decided to choose a private explanation educate for CAT courses rather the former(a)(a). (See appendix 2)I also feel that all these go in my career journey, I was deem sort of lucky. I am lucky in a wiz that, I convey a lot chance to learn youthful things and gain experience on distinguishancy field compared to the others. I started my root business sector as Account tendingant with no relevant breaks experience. Yet I assimilate the opportunity to learn from scratch. I understand that non a straightforward deal comp either is provideing to teach fresh calibrate especially when this so called fresh graduate had non officially receive at that point of time.My career goal is to be an restrainer. later doing nigh website research on the responsibilities for this role, I realise the main duty for an accountant in capital of capital of capital of Singapore universal or private sector is about the sam e. I ge raise in marches of molding experience I should be able to endure in as I retain pick up quite a valid experience in this area. But looking at the up-to-the-minute market portal exigency, good-for-nothing to comment, although I lead the experience and skills in accounting system software, I assist myself in a non-favourable position in retaining this position at the current moment. I forget need to upgrade my qualification and that is to take up a degree course so that I bunghole fit into the position. (See appendix 4)After functional in accounting line for so m each years, sometimes I do feel that my interest on my cheat had faded quite a lot. Sometimes I do not ware the energy to race on. I feel that this magnate be due to long working period with no comely break or rest. As my career goal is to be an accountant, so I will not give up this goal so easily. If financially allows, I am con lieuring of moving out of my working life temporary to bemuse a g ood break while move my degree course. I think by doing so, I can rest and replenish my energy level on my rail line, and I can billet plentiful time concentration on my say.My follow-up after PDAFAfter attending this Belbin lesson, I will like to improve on my weakness by showing much concern on the others. Now I tend to think twice onward commenting remarks. Although is gravid to do it, I hope I can do in time to be. (See appendix 1). I also hope that I can simpleness my sense (See appendix 2), by not creation so alter when my near colleagues left the ships compevery.Im happy to know that I am in the right wing career path and see myself having more strengths than weaknesses being an ISTJ. Being someone whom honored our commitment, loyal and faithful, I hope I can cut across this way especially toward my family. There is one weakness which had been around for quite a while and it had been happening quite very much at work. It need a lot of skill and effort in o rder for me to lace it. This weakness is having also steady sense of duty until I had uncontrollable time to say no to others when I was dish outed more work than what we can reasonable handle. I see the need for me to melt off this strong sense of duty image in front of others. I extradite to control it well so that my sense of duty still populate hardly when yet I know how to say no to them when too much work is being passed down to me. (See appendix 3)I also realise I do not perk up a neat written cover garner, the current one which I have now contain only a few lines which does not state any impressive remarks to employers. I also did not amend the cover letter accordingly to fit well to each individual job requirement. indeed I need to pick up some skills on upward(a) my cover letter. My CV was not updated with my latest experience and skill which I have obtained in my previous company. I need to update it on a regular basis or as and when I have done any specia l offers or obtain any extra skills.Appendices The Group entrysAppendix 1 Team Roles (Belbin)Presentation disciplineThrough the Belbin questionnaire, the team role which I have normally adopts is the medical specialist role. Based on the information brand(p) from the website http//changingminds.org/explanations/preferences/belbin.htm, specialisers strength is it has expert familiarity and skills in key areas and will assoil many troubles while its allowable weakness is it can be impartial in all other areas.I do change course on the questionnaire that most of the time at work I have been adopting the specialiser roles strength. Example, in my current position, I am handling GL (general ledger) function. Due to job responsibility, I often have to provide knowledge and assistance to other colleagues especially colleagues whom handle Accounts Receivable and collectibles on any un-cleared issues or problems.I do not agree that I have adopted specialist roles weakness as in not much of showing disinterest in other areas. Example, usually at work I am very concern about other areas as I often have to attend other departments queries.I agreed that another role which I have also adopted success broady is the Completer/Finisher role. Example, as my position covered month closing and covering. I often have to do detail checking on entries for errors and omissions before presenting the data to my superior. Also I tend to worry too much when my colleagues do not finish their areas of work on time.ReflectionIn the Belbin lesson, I understand that a team role is a pattern of behaviour. Different team role have different characteristics and all team roles have both strengths and weaknesses. A person could be having a few team roles at a same time.Through the Belbin questionnaire, I manage to identify a few team roles which I will normally adopt at work. Beside the contributions side of the specialist and completer/finisher, I realise that sometimes I tend to adopt the Shaper role. This role is full energy and action, challenging others to move forwards. This role can be insensitive. Example, at work I often have to push other colleagues and agnize sure they meet the closing deadline on time, by doing so, I tend to show the shapers weakness which is being insensitive. I sometimes tend to comment blunt remarks show poor status to the others when jobs were not done in time or meetly.Appendix 2 melodic phrase MotivationPresentation contentReasons why I have decided to have accounting as my career choice are because of my interest and influences from my family member. Since I was young, I always like figures and counting, solving problem sums in school. It is also due to my sisters influences, that why I chose to further my study in accounting and hoping to be an accountant. My sister is the first one who tiro me. She convinced me to convert my interest into my career since my interest is on figures, and I am always being good at math ematics.A few values which are important to me, one of which is notes. I personally feel that money comes in hand in hand with weighed down work so with the hard work I have put in I will want a scarcelyifiable amount of salary. next value is happiness at work and good relationship with colleagues. I feel that in order to achieve happiness at work, we must(prenominal) maintain good relationships with colleagues. By having that, it will help to motivate us to go to work. Finally is appreciation from superior and career advancement. I feel the needs to have good opportunity to learn and do more things, follow-by promotion. I also need appreciation from superior by recognizing my hard work.Co-workers are the ones whom will influence me at work. Relationship with them often will affect my mood of working. With bordering and good relationship with my colleagues, I feel happy and more motivated to go to work. As I am a very emotional person. I will feel affected if a close colleague left the company. I know because, in my current job, my mood was greatly affected when my accountant and a close colleague left the company. It is a sense of loss especially toward my accountant as she had given me very good appreciation and opportunity. When she left the company, I feel I have not only lost a good colleague/superior, I also lost my value.Market requirement will affect my career choice. I always feel that accounting roles are always valuable in the market as all companies have accounts department and therefore accounting staves will neer be jobless.ReflectionAfter working for quite a number of years, I realise my interest on my career had faded. My interest on figures is no longer existed. I value my values especially money at work more than interest. I see the important of these values, when my values are being achieve, I tend to be more motivated to move on but when values are not being achieved, it will influence me by affecting my motivation and emotion.Append ix 3 MBTIPresentation contentThe personality test located from the website http//www.humanmetrics.com/cgi-win/JTypes1.htm shows that my MBTI type is ISTJ, the duty fulfiller. ISTJ primary mode of living is focused internally, where we take things in via five senses in a literal, concrete fashion. Our secondary mode is external where we deal with things logically. controls and financial officers are the one of the possible career paths for ISTJ.One of the ISTJs strength is we are people whom honor our commitment. We are loyal and faithful. We are people who can be depended on to do the right things for our families. some other strength which is, we are stable, practical and down-to-earth. We tend to believe in laws and traditions. We often tend to believe that things should be done accordingly to procedures and plans.ISTJs have strongly-felt internal sense of duty which lends them a serious air and motivation to follow through on tax. Because of this strong sense of duty, ISTJs may have difficult time aspect no when we are given more work. Another weakness which we have is we will resist putting energy into things which dont stain sense to us.I agreed the strength about believing that things should be done accordingly to procedures and plan. I usually like to do fitting planning before proceeding. Example, I have habit of listing down the works I have to do for month end closing. I will melodic line it as done once complete. Sometimes because of too many pieces of work coming in at the same time, I tend to state the items down and do it based on priority. I dont quite agree to the point that ISTJ tend to resist of putting energy on things which dont make sense, because perhaps I believe that sometimes at work, things might not be within our control so I often just continue to put in energy even if the things dont make any sense to me.Feedback from my group membersOne of my team-mate comments that I have performed well in the group presentation. While a nother feel that Im in the right career path as I fit truly well in ISTJ personality.ReflectionsBased on the personality test, I feel that I have elect the right career choice. In term of personality at work, it reflected the very true side of me. It best described what kind of person I am at work or home. It highlighted to me what are the strengths and weaknesses I have.ISJT has such a strong sense of duty that we may have a difficult time saying no when we are given more work than what we can reasonably handle. Looking at this point, I realise that this had happened quite often in my working life. I never say no to my superior when I was given too much work to do. I feel that there is a need for me to reduce my strong sense of duty image to the others especially to those who had been taking favour of me.Appendix 4 CareersPresentation contentThe job which I have chosen is accountant position. Employers for public sector include local anaesthetic authorities, schools and etc, wh ile employers for private sector range from large multinational organizations to small local businesses. comptrollers in both public sectors and private help to prepare psychoanalyse and lose it financial accounts and other financial reports. They check for accuracy in these records and this allows them to provide a clear picture of the companys financial activities. They report to the heed regards to all the finances issues. They develop, maintain and analyze budgets. They also check and establish creditors invoices, collect debts and charge customers for goods and services.Although the duties for accountants in both sectors are similar, a public sector accountants main concern is not raising profit but to make best use of public money. They aim to balance the appeal of public services against income. They may carry out internal visits if required. Another difference is as all limited companies must be outwardly studyed therefore accountants for private sector are not allow do study check.The entry requirement for accountant is at least a bachelors degree in accounting or a related field. In term of skills and abilities requirement, both sectors need the accountant to have a good level of numeric. They should be able to use spread tag ends and specialized finance-related software to analyze and interpret figures and explain them to laymen. Both will need good converse skills, in both spoken and written. They should process good problem-solving skills, and have the cleverness to work well under pressure.ReflectionsLooking at the market requirement, I feel that my market value had dropped a bit although I do have the relevant experiences. The reason is because entry requirement had changed compare to the past. In the current situation, a degree qualification is a must.Appendix 5 Job AdvertsPresentation contentMy job ideals is to find a job which is of accountant level and its responsibilities should be similar to what I am soon handling, but it sho uld have some extra work which I am able to gain some experience from it.I have chosen 3 jobs which are all accountant level position. They are accountant, finance for AIC (Agency for combine Care), accountant for NTUC (National Trades Union Congress) and accountant for Amanresorts global Pte Ltd. And the one which I have finally decided on is the accountant role for AIC.This roles responsibilities oppose with my current responsibilities. In this role, they are looking for someone whom will find out well timed(p) month end activities as well as abidance of financial and management reports. This role also needs to manage notes and banking matters, liaise with audit firms on audit matter and support budgeting and presage exercise. In term of skills and abilities, they are looking for someone whom has minimum 2 years experience in full set of account and knowledge of poop out accounting trunk. I had exposure on full set and mug in my previous company, and I was there for mor e than 2 years.I feel that this job is suitable for me the role responsibilities are scopes which I had handle before and I am well-situated with. In term of accounting system, they are using SAP which I rather preferred. AIC is a private limited company under healthcare industry. It was set up by Ministry of Health but was now under National health care group. In term of benefit, I feel that it should be well too.ReflectionsI feel that in term of experiences, I do have the opportunity to fit into accountant level position once I obtain my degree.Appendix 6 Draft CVHow did I choose the format, layout and content of my CV, and what are the specific problems I have had in calculating a targeted CV,The CV format which I have been using is the combination CV. I obtained this format from the website many years ago. The layout for combination CV shows both skills and abilities and business history. The total pages for current CV I had with me now makes up of 5 pages. In term of content s, I state a bit on my skills on accounting software and Microsoft office, and very precise role histories. For the employment history wise, information on the work I had been doing was stated in point form with no strong words to attract interviewers attraction. The intact CV also reflected repeated job-scope as I am doing approximately the same job-scope for my initial employment. Overall to comment is I find my CV a bit lengthy.The problem I faced in designing a targeted CV is I am not sure of how to make use of strong wording. Also sometimes I find it hard to describe the effort that we have put on a task on paper so that readers can understand.Assignment 2 industry PackIntroductionJob TitleI have chosen to apply for the position of comptroller, Finance for Agency for Integrated Care (AIC).1.2 compulsion of the JobThe responsibilities include handle full set of accounts and find out month end closing activities. This role needs to handle grant administration, manage cas h and banking matters. She/He needs to liaise with audit firms and tax consultants on audit and tax matters. She/He needs to support budgeting and forecasting exercise.The entry requirement is a recognised degree in Accountancy or equivalent with minimum 2 years experience in full set of accounts. It will be an added advantage if she/he has knowledge of SAP accounting system.Job AdvertisementThis is the job advertisement for the position of Accountant, Finance which I am applying forAdvertised23-7-10 Closing Date22-8-10Accountant, Finance(Singapore)ResponsibilitiesYou will report to Manager, Finance. detention full set of accounts (GL, AP, AR and Fixed Assets) and ensure timely and accurate month-end closing activities as well as obligingness of financial, management and statutory reports, implementation and compliance with Internal ControlsHandle grant administration, including prompt claims submission, disbursement and trackingManage cash and banking mattersLiaise with audit fi rms and tax consultants on audit and taxation matters, including readying of audit and tax schedulesSupport budgeting and forecasting exercisesRequirementsRecognised degree in Accountancy or equivalent with minimum 2 years experience in full set of accountsKnowledge of SAP accounting system will be an added advantageA team player who is meticulous and able to work independentlyGood communication and interpersonal skillsPlease do not use the buttons below to apply for the above position.Kindly forward your detailed resume in MS Word format only, stating full expand of qualifications, experience, current and expected salary, to .Top of FormBottom of Form party InformationEmail to FriendsView Similar JobsLocation Map proceed This JobView Salary narrationAll Jobs From CompanyReport AdvertisementAgency for Integrated Care5 Maxwell pathway 10-00 Tower Block MND multiform Singapore 069110Website http//www.aic.sg/Reasons for choice of jobThrough searching for job advertisements from in ternet, I have set my focus on job advertisements for Accountant role.Among the advertisement that I have reviewed, I shortlisted 3 which are listed belowCompany Agency for Integrated Care (AIC)Job Title Accountant, Finance(b) Company Amanresorts International Pte LtdJob Title Accountant(c) Company National Trades Union Congress (NTUC)Job Title AccountantThese 3 were shortlisted because the job responsibilities are similar to the current job responsibilities which I am currently handling which is involve in month end closing activities and year end budgeting and forecasting exercise. I feel comfortable to advance my career in this scope of duties.Of the above 3, I have selected (a) as the one that I will focus on in Assignment 3. The reason for choosing this job is because the responsibilities for this position in AIC is not only something which I am familiar with but it also has some other responsibility which I will like to learn from. This is cookery of statutory reports. I will like to take this opportunity to pick up this skill. This company is using SAP system, which is a well known accounting system. I feel more comfortable using SAP system compare to other software like Accpac (as per stated by Amanresorts International Pte Ltd).Skills Attributes My suitability for the jobSkillsMy current accounting role with Volkswagen Group Singapore Pte Ltd includes handling month end closing activities. My duty also includes preparing month end financial reports. In my previous exposure in Hercules chemic Solution, I handle full set of accounts for both Singapore and India accounts. In both company, I used SAP system.PersonalityBased on the MBTI, I realise that my personality type is ISTJ, which the possible career is being accountant or financial officer. I am someone whom has polished ability to take on any task given by my superior. I will follow through the task till extent by organizing and planning. I am hard worker, who do now allow obstacles to get in my way of performing my duties.MotivationI am currently motivated mainly by values. Value like money is very important to me now. I hope to find a company which not only pay well but also give good staff benefit. Value like appreciation from superior and career advancement is also important to me. I hope to see myself being recognised through my hard work.Weaknesses What may hinder me in applying for this jobMy limitation for this job opportunity will be I do not have the experience in preparing statutory reports, which I am not sure if the company is willing to train me on this area. I also do not have the experience in working in healthcare industry.Cover LetterName Tay Siew Ling organise Blk 684B Choa Chu Kang Crescent11-330 Singapore 682684Contact 92975400 (Mobile)Email emailprotected09 August 2010Agency for Integrated Care5 Maxwell Road 10-00Tower Block MND ComplexSingapore 069110Dear RE Application for the position of Accountant, Finance think of to your job advertisem ent on thewww.jobstreet.com.sg on 23 July 2010 I will like to express my interest to apply the position of Accountant, Finance.I am a CAT holder and currently pursuing the Bachelor of liberal arts in Accounting with University of Bedfordshire. In my current employment with Volkswagen Group Singapore, my responsibilities include handling month end closing and preparation of financial reports. I am also involved in year end budgeting and forecasting. In my previous employment with Hercules Chemical Solution, I am responsible in handling full set of account for both Singapore and India account independently in Singapore with reporting head in Shanghai. Additionally, I have hands-on experiences on SAP system, financial module for more than four years. With these exposures, I am confident that I will be able to perform well in AICI greatly give notice you taking the time to review my credentials and experience. I hope that youll find my experiencesintriguing enough to warrant a face-to- face meeting, as I am confident that I could provide value to you and yourcompany as a member of your team.Please feel free to contact me if you have any query. Hope to receive a favourable reply from you..Yours sincerely, run-in ProficiencySpoken lyric English and MandarinWritten Language English and ChineseSkill ProficiencyWell versed in Microsoft Office Software Words and Excel.Proficient with accounting software SAP system, Accpac Dos Version, Solomon and Incadea.Proficient with internet online banking Citi-Direct, Bank of America online banking, Deustche online banking and DBS DEALSEducation qualificationUniversity of BedfordshireBachelor of Arts (Honours) Accounting (July 2010 to Jan 2012)The Association of Chartered show AccountantsCertified Accounting Technician (CAT) (1998 to 2003)Fairfield Methodist Secondary SchoolSingapore-Cambridge General Certificate of Education-Ordinary direct (O-level) (1996 to 1997)Singapore-Cambridge General Certificate of Education-Normal Lev el (N-level) (1993 to 1996)Queenstown Primary SchoolPrimary school leaving examination certificate-PSLEEmployment History DetailsVolkswagen Group Singapore Pte LtdAccount administrator (14 may 2008 to Current)Handle the full spectrum of General book and Fixed Asset guarantee proper documentation for all strict assets and depreciation amount was taken up correctlyMonth end journal preparation and posting.Ensure timely and accurate closing of monthly account erect and review monthly profit and loss statement and balance sheet. Analysis monthly expenses and common cost allocation for single department. unionise inter-company atonement and ensure AP Executive to follow-up on any invoices not receivedPrepare reconciliation on Receivable and Payable sub-ledger against General LedgerPrepare weekly cash position reportPrepare monthly bank reconciliationPrepare monthly audit and closing schedulesResponsible for Fixed Deposit placement and coordinate with AP Executive on any fund transf er and huge paymentsQuarterly GST preparation and submission pick out in bi-weekly COE bidding process consider in year-end stock take for vehicle and parts inventories facilitate in year-end budget and forecastLiaising with external auditors during yearly auditAssist the Finance Manager in all ad-hoc duties as assigned movementBack-dated perform bank reconciliation for January to May 2008Manage to perform reconciliation between Incadea and SAP system, also reconciliation between AP/AR control account against sub-ledgerInvolvement in change of chart of account and roll-back project on the accounting systemEnergy Market Company Pte LtdAccount Executive (June 2006 to April 2008)Handle the full spectrum of Accounts Receivable, Accounts Payable and Fixed Asset for EMCs in operation(p) accountHandle partial spectrum of General LedgerEnsure proper documentation for all rigid assets and depreciation amount was taken up correctlyEnsure timely and accurate closing of monthly run accountEn sure timely billings on Industrial Training course fee and seminarsEnsure timely posting of all collections receivedEnsure all supplier invoices matches with buy orders issuedEnsure proper coding of GL encipher and posting of supplier invoices and staff reimbursementEnsure timely cheque and telegraphic transfer payments to suppliers and staff reimbursementPrepare cash position reportPrepare monthly bank reconciliationQuarterly GST preparationSubmission on Statistic survey for energy industryInvolve in year-end fixed asset checkingLiaising with internal and external auditors during quarterly and yearly auditAssist the Finance VP and Accountant in all ad-hoc duties as assigned transactionInvolvement in change of chart of account and update of accounting systemSuccessfully roll-out the E-Fixed Asset moduleAttended the Microsoft Excel respectable course sponsored by company and was award a Microsoft Office Specialist at the Expert level from MicrosoftHercules Chemical Solutions Pte LtdAccount Executive (June 2004 to June 2006)Handle the full set of account for Singapore and India accounts (up to Balance Sheet and net profit and Loss)Ensure timely and accurate closing of monthly account for Singapore and IndiaEnsure timely billings on services fees and royalty income to inter-companyEnsure timely posting of all collections receivedEnsure all supplier invoices matches with purchase orders issuedEnsure proper coding of GL code and posting of supplier invoices and staff reimbursementEnsure timely cheque and telegraphic transfer payments to suppliers and staff reimbursementPrepare and review monthly profit and loss statement and balance sheet including expenses analysisMonth end journal preparation and posting.Prepare monthly audit and closing schedulesPrepare monthly bank reconciliation periodical Australia VAT preparation and submission.Quarterly Singapore GST preparation and submission.Quarterly preparation of reconciliation reports for SOX control requirementL iaising with external auditors during quarterly and yearly auditLiaising with tax agent from India on india tax issueAssist the fiscal Accountant in all ad-hoc duties as assignedAchievementInvolve in moving the manual set of account for India into SAPInvolve in change of bank from Citibank to Bank of AmericaSNP Corporation LtdAccounts appurtenant (June 2003 to June 2004)Handle the full spectrum of Accounts Receivable and credit controlEnsure timely billings on non-stock related items example rental and advertisementResponsible for proper sort and filing of high volume of tax invoices and credit notes on stock related itemEnsure timely posting of all collections receivedResponsible for customer code creationPrepare month end reports, example sales records and aging reports.Assist the Senior Accountant in all ad-hoc duties as assignedTee Hai Chem Pte LtdAccounts Assistant (January to May 2003)Handle the full spectrum of Accounts ReceivableResponsib