Co-Operative Education Placement Program - Essay Example

The researcher was appointed as an accounting clerk and placed at Almajal security firm where the individual’s fundamental responsibility was to support accounting operations which mainly involved filling up documents. In addition to that, the researcher was also responsible for the settlement of financial statements as well as running a simulation package.

            This reflective report has primarily been segmented into two sections. The first segment involves an exploration of different learning curves attained during the placement program. Alongside that, a thorough analysis of learning outcomes will be done via a self-reflective report with the help of theoretical models that emulate the overall mechanism of learning. Thereafter is the second segment where the research topic will be addressed. In this segment, the researcher will conduct in-depth research using an investigative study on the implications of automating the process of accounting followed within an organization. This analysis will be presented in the context of the organization where the researcher was placed.

            One of the major issues witnessed in contemporary accounting organizations is accounting error, manipulation, or fraud. On one hand, where accounting regulators such as the Internal Accounting Standards Board are trying their level best to unify accounting principles to enhance the transparency and understandability of financial statements, accounting officials are either committing huge errors or indulging in fraudulent activities which in turn is increasing the cost borne by the company. This is where the relevance of an automated accounting process lies, which strives to minimize the probability of error and in turn, enhance the efficiency of the organization under concern. This in turn would enable the company to increase its profit margin while bringing down the cost. Incorporating a technologically enabled accounting process will also reduce the workload of the accounting officials as well as prevent any form of miscalculation, manipulation, or fraud.