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University of San Carlos School of Business and Economics Department of Accountancy

The document provides a daily journal from a student trainee's internship at Mercedes-Benz Group Services Philippines, Inc. Over the course of 3 days, the student observed the allocation and clearing of customer transactions in SAP and learned about the processes for manual banking transactions and clearing debit and credit transactions. The student expressed finding the practical work easier to understand than the theoretical concepts but still having difficulty remembering all the necessary procedures.

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Jozette Torino
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77 views3 pages

University of San Carlos School of Business and Economics Department of Accountancy

The document provides a daily journal from a student trainee's internship at Mercedes-Benz Group Services Philippines, Inc. Over the course of 3 days, the student observed the allocation and clearing of customer transactions in SAP and learned about the processes for manual banking transactions and clearing debit and credit transactions. The student expressed finding the practical work easier to understand than the theoretical concepts but still having difficulty remembering all the necessary procedures.

Uploaded by

Jozette Torino
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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UNIVERSITY OF SAN CARLOS

School of Business and Economics


Department of Accountancy

STUDENT TRAINEE’S DAILY JOURNAL

Name of Student Trainee: Jozette V. Torino Course:Bachelor of Science in Accounting Technology

Faculty Adviser: Manuel Degollacion III

Name of Company/Institution/Organization: Mercedes-Benz Group Services Philippines, Inc.

Name of Supervisor: Joel Cabaleñez Area Assigned: Back Office Europe – AR2

Period Covered: May 8 – 10, 2018 No. of Hours: 24 hours

Date What I Did No. Of What Did I Learn? PO#


(Activities) Hours

The six countries handled by


5/8/18 the BOE-AR2 team are
12:46pm- Belgium, Portugal, United
10:13pm Kingdom, France, Denmark
and Spain. There are two
types of transactions present
for the team namely Cash
Management and Banking.
 Getting to know with Under Banking there’s direct
co-workers. debit transactions and
8 PO1
 Theoretical overview manual banking
of the procedures. transactions. The Market
Performance Center (MPC),
which is the front-end, is
responsible for the direct
engagement to customers,
followed by the Mercedes-
Benz Group Services Madrid,
Inc.– to acquire customer’s
transaction details and
finally the Mercedes-Benz
Group Services Philippines,
Inc. responsible for
allocation and clearing of
customer’s accounts.

It is hard to do imagining
5/9/18 alone with all the theoretical
12:52pm- knowledge I have acquired.
10:19pm  Actual SAP Theoretical scope and
Observation – practical scope are similar in
Allocation of a way that it talks about a
Customer’s Manual
8 common topic. PO1
Transactions and
Consequently, it is different
Clearing of
Transitory when it comes to
Accounts practicality; it is much easier
to understand the topic
when you do it and
everything else follows.

Clearing of credit
5/10/18 transactions of customers
1:17pm-
 Actual SAP should be parallel to what
10:32pm
Observation – type of credit card is used
Allocation of eg. VISA credit cards should
8 PO1
Customer’s Debit be paid using VISA credit
and/or Credit cards as well. The two have
Transactions different G/L account but
the process are more or less
the same.
Reflections/Concerns for the week:

 I am still having a hard time putting into mind all the necessary procedures and
information that should be done in my scope of work.
 I get hesitant in asking questions to my trainer since she got a lot of stuff to do but I
still try my best to ask since it’s hassle to do correction of errors.
TIME BUDGET

Week No. of Hours


Date Covered Remarks
No. Actual Budget Variance
1 April 16-April 20 40 32 Overtime for 2 hours daily
Monday – Compliance of
2 May 7-May 11 24 40 Requirements
Friday - Absent
3 May 14-May 18 40
4 May 21-May 25 40
5 May 28-June 1 40
6 June 4-June 8 40
7 June 11-June 15 40
8 June 18-June 22 40
9 June 25-June 29 40
10 July 2-July 6 40
11 July 9-July 13 20
TOTAL 412

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