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