PD12 Lecture 3: Unit 3 assignment
4 Jun 2018
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Unit 3 assignment
When I first started working as a finance co-op for a edial opay, I did’t ko
about the double layered accounting costing system that they have implemented. The reason
of having a double layered costing system is so that while one layer is on a daily basis for cost
updates, the other layer stays untouched until the year end. Thus, all adjustments are limited to
just one layer, and the final results will be updated to the other. While this is an efficient and
effective method, it was unknown to me. As I was working on the reporting files, I accidently
updated both layers of the costing system. Luckily, this mistake was caught early as my
supervisor walked by and quickly checked on my work. Now looking back to it, if I had
continuously worked with that error ithout ayoe otiig, it ould’e rought serious
trouble to us when we reach our fiscal period. We would then have to spend time adjusting the
seod layer ad aktrak o all of the hages I’e ade i the syste. It ight ee result i
people akig ore istakes due to ofusio, ad it’ll e a aste of tie ad effort oerall. It
could even potentially slow down the whole company as it would have a chain reaction to the
work of the other departments. From this mistake, I learned to keep a questioning mind
towards every unknown detail no matter how minor. I will have a complete grasp of all
necessary knowledge before I decide to executive any of my future tasks in order to keep the
operations smooth and accurate.
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Document Summary
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