| On December 4th, a peaceful and sunny day, my colleagues and I were driving along Yangjin Highway towards Yenom’s annual supervisor training day. Although I wasn’t feeling well that day, I was immersed in a flutter of expectation. New to this company as I was, it was a great honor for me to join this great event at the site for this year’s training, Ba Ian Hot Spring Resort. |
| The topic for the first day was the annual targets and plans of each department. Supervisors from different departments explained their annual plans and gave detailed description of their collaborative relations with other departments according to their duties and |
executive progress. Those who presented have showed their professional skills and thedepartments’ excellent collaboration with each other. I was inspired by their presentation and had a better understanding of the company’s operation; furthermore, I was pleased to have this opportunity to work with these experts. Among these wonderful presenters came a powerful voice- it was Alex, the mainstay of SMT, who spoke with such confidence. With an unconstrained appearance, he gave detailed description of the SMT manufacturing process and how efficiency was improved, which suggested that excellent teamwork brings marvelous results. The abundant meeting ended with Gilbert’s words of encouragement.
The following banquet was completely different from the day’s intense meeting. With good wine in hand and delicacies on the table, hope and bond between colleagues were showed and strengthened trough our singing. Our singing flowed freely in the valley air.
At daybreak, I saw my colleagues enjoying their steaming hot breakfast in high spirits, awaiting for the special session- a lecture on IPO internal control audit and IFRS. To face the company’s future challenges and development, Ms. Megan Wu from KPMG, our current accounting counselor, was invited to lecture on issues that are deeply related to Yenom. To help us getting a better understanding of the company’s vision, she presented a profound concept with simple languages and gave a lecture with deductive teachings.
With her humorous speech, Ms. Wu not only eased the serious phenomenon, her friendliness and experience in the field also opened the door to knowledge for us. IPO is the key step for a company’s expansion and the chance to create mutual benefit for both the employees and the company. In response to IPO execution, the company must build IPO standards and put into written forms the internal audit regulations, along with ways of self-audit. IPO tends to achieve (1) operative result and good efficiency, (2) reliable financial report, and (3) abidance of related enactments as the IPO system is designed to cover all operating aspects. During her brilliant lecture, Ms. Wu asked us prized questions on Revenue Cycle and Purchasing Cycle. These questions not only caught our attention but also improved our interaction with each other, which helped all major supervisors to learn better.
As for IFRS, it is expected to be adopted by companies scheduled to be listed in OTC in 2013. Ms. Wu clearly explained the influence IFRS will bring forth and suggested matters needing to be dealt with according to its schedule, and how related aspects should be taken care of. Her lecture complemented our professional knowledge and helped us to know better on the reaction to future changes of designated duties. The IFRS adaption process will not only include the accounting aspect, it will also influence many other aspects of the company, which will need the collaboration of departments to face issues like overall examination and upgrade of the system.
We really appreciated Ms. Wu’s profound lecture. From her enthusiasm and working attitude, we could see that she has done a great research to enhance her understanding of the company’s future development. As the meeting drew to a close, we were confident to carry on the journey to the next stop.
