Challanges encountered when closing UBS-MSU CSR For May 2012 Session

WEEK 9

     hello everyone......

today, we in week 9.... so, our topic for today is challanges encoutered when closing UBS-MSU CSR for May 2012 session.....

Challenges that we must faced when we done the closing UBS about the company that we choose, the company is TRIGGER POWER SDN BHN.

     The small problem will be giving us bigger impact to the account in the company. It is because the company will be record all the data and transaction in UBS system…

     Challenges that we must faced:
1)non balancing account-it is because of the error in calculation

2)error in journal entries

3)error in cash book-because of the balancing figure in ledger have error so it will be effect to the trial balance

4)effect from the non balancing account will be effect the statement of comprehensive income and statement of financial position when the company closed the account every year…..

5) error the recording and entries the data in UBS system happen when total debit and credit un balance…it happen when trial balance that we do is unbalance

6) other item’s balances  that we already listed is error or false in complement

For example: - one item in debit side is recorded in credit side or otherwise

7) Record will no complete because have date are not recorded………we just only record the important thing like creditor n debtor…………also cash bill and invoice….