Week 2 of Accounting Internship

            In the formation of a financial statement or recording the financial report I the books of accounts, I make sure that all the information is correct and register according to the GAAP standards. I know that if I’m going to prepare the financial statements accurately according to the internal accounting standards then the chances of frauds will also minimize and the financial statements will portray the actual financial position of the client. It means that the client will not face any issue regarding its economic status and various matters which require economic situation such as tax payment will perform efficiently. In the organization, my skills regarding financial reporting have enhanced up to a lot ofextent, and now I can prepare statements with accuracy. My abilities to understand the economic data has also improved significantly.

        I was familiar with different accounting and financial terms, but after the internship, my knowledge regarding various financial terms has increased significantly. In my university life, I have never experienced how the actual statements are prepared and what conditions the business analysts and accountants face in their routine life. After becoming an intern in a huge multinational organization, I have realized that there is not much difference in theory and practice. The critical difference that I have observed is the size of the activities because in practice many things have to be considered while making a financial statement. In university, if the report is not prepared accurately, it is not a big deal, but in practical life, it will have a significant effect on the client and the organization.

How can I improve? The Accounting Internship

        Although the accounting software has helped me a lot and made my work quite easy. My efficiency has increased significantly with the help of accounting software. The accounting software is reliable, accurate and fast and has become a necessity for the organizations. Due to the utilization of software my technological skills also enhanced in the organization. After graduating from, the university I was not aware regarding various software, but now I can use the accounting software without any problem.

        In the organization, my data handling skills also improved because every day I deal with the massive amount of data and it is a difficult task to handle an enormous amount of information. However, there is still a lot of room for improvement because currently I am an interne and there are a lot of things which I haven't perform or managed yet. In the future, it would be appropriate to learn skills so that when the level of activities increases I can handle them effectively.

Application to the future of Accounting Internship

        Today I can say that I have learned a lot by doing an internship in the organization. When I first come to the organization, I do not possess some skills which are essential for an accountant. I was not good at communication; I don't know how to organize the information and how to prioritize work. However, with the passage of time, I become good in contact, and today I can see organization data quite efficiently. Moreover, I can manage the time in the organization and focus on those tasks which are more critical and need to be done first. Our financial manager has played a significant role in improving my skills and abilities.

        Every day the manager guides me about my tasks and which tasks needed to be done first. In the beginning, few errors occurred in the preparation of the statement, and he is the one who identifies the errors in the report and allows me to improve with the passage of time. Overall I can say that my moving toward becoming an accounting professional and in future, I will have the abilities which an accounting professional possess.

References of Accounting Internship

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