Reflections on Week 6
Later, we learned the basics of a new audit software that we’ll be using. It’s supposed to smooth out transitions from year to year; making the process more efficient by keeping things that rollover from year to year while noting things that have changed. I love working with new software, so I’m extremely excited. However, the software’s introductory video that started with how clicking the “Open” button takes you to the window to open a binder. Don’t worry, we had a large bag of popcorn to consume while we watched the video.
Another project I got to work on was doing the Final Check over a client’s financial statements before we sent them out. I really enjoyed this project, because through doing my review of the notes, I learned to check some things I’d never thought of as being necessary before. It’s always reassuring to know that accountants double-triple-quadruple check their work, right?
A new project for the week was a dummy tax return. This practice return was compiled by Grace, from Winter Park, and Ellen and I’s pretend clients are none other than a couple of famous celebrities- Brad and Angelina (NOT real clients). David will be reviewing our work next Monday. In between our other projects, Ellen and I worked on research and completing the tax return. Earlier today, I was entering Angelina’s fictitious sole proprietorship income. The tax software automatically filled in Brad’s name and the dummy information we created for him. While I was irritated by my inability to edit the field and correct it, it was humorous to see “Brad Beautician” listed.
Another project we did this week was some work out in the field for an audit. We learned about cash testing and CD testing, as well as some of the other beginning steps in auditing. In addition, we did some scanning and filing so that those tests could be done.
In between these projects, I did some various administrative projects including scanning, preparing mail, sending mail, and getting mail. This has meant that my friendship with the postage machine is blossoming. Though I was skeptical of whether it was a friend or foe the first time I used it, I have come to find it quite nifty.