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Internship related questions for finance department

Category: Finance Paper Type: Assignment Writing Reference: APA Words: 400

Q 1/What are the department’s areas of responsibility and which area(s) you had the opportunity to explore during the second 30 hours (10%)

The department area that I have to be responsible for is the finance department and I have several opportunities to explore starting with identify income sources and identify expenses as well as how to deal with them in terms of audits and control systems.

Q 2/What are the tasks that were assigned to you and you were able to accomplish? (10%)

First how to identify other sources of income nun fuel which is restricted from (excel) program and the ways of making comparison between POS and DICOM

Second how to register some accounting restriction according to document that we get from outside parties (bank department notice-invoice suppliers)

Q 3/Overall benefit from the internship at this organization (min. 3 benefits should be described) (20%)

•know the methods of inventing financial data

•know the methods of checking and matching

•reporting of any accounting division

•The importance of information system

•how to oirects accounting restrictions and the impacts of the migration of restrictions of financial data  

Q 4/Your department’s strengths and weaknesses (at least two strengths and weaknesses in your department related to your major not as an overall for the company) (20%)

Strength: • transferring data from POS terminals Even to the head office

* The clarity of the financial traditions

weaknesses: • the new developments of accounting system is not complete “Oracle””provinco”

* Many tables of sales and expenses

Q 5/Recommendations for the organization (at least two things should be described as an improvement for the department you were in) (20%)

* review this sequence of decision making to save time

* (oracle) Systems development and electronic conservation system

* transfer data from excel to Oracle

Q 6/Challenges you faced during the internship (at least 2 main challenges) and how you solved them. (20%)

* it is difficult to audit in short time with a large amounts of financial data pair day and this problem was overcome by understanding the muscles of editing

* provide many methods of financial data which caused confusion at first but it was overcome by recording all the observation of the first accounts

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