AN

INTERNSHIP REPORT
ON
G. PAUDYAL & ASSOCIATES
Chartered Accountants
Teku, kathmandu

By
AMIT SIGDEL
Roll No: 18220504
P.U. Registration No: 2018-2-22-0538

An Internship Report Submitted to Pokhara University in partial fulfilment of the

requirements for the degree of
Masters of Business Administration

At the
Quest International College
Pokhara University

Gwarko, Lalitpur
March, 2020
CERTIFICATE OF INTERNSHIP
 INFORMATION SHEET

Name of the Company : G. Paudyal & Associates

Address of the Company : Teku, kathmandu

Date of Internship Commencement : 13th October, 2019

Date of Internship Completion : 31st December, 2019

Name of the Firm Guide : CA. Ghanashyam paudyal

Designation of Firm Guide : Patner

Student’s Name : Amit sigdel

Student’s e-mail ID : ankitsigdel2068@gmail.com

2
 DECLARATION

I hereby declare that the internship report entitled “Internship report on G.

PAUDYAL & ASSOCIATES” submitted by me to Quest international College in
the partial fulfillment of the requirement for the degree of Master of Business
Administration (MBA). This entire report work was carried out by me and I further
declare that this report is my own property and I claim its originality.

…………………………….

Name: Amit Sigdel

Date: 6/03/2020

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 LETTER OF RECOMMENDATION

This is to certify that the Internship Report entitled “An Internship Report on G.
Paudyal & Associates” submitted by Amit sigdel for the partial fulfillment of the
requirements for the degree embodies the bonafide work done by him under my
supervision. I hereby recommend this Internship Report for final examination by the
research committee of Quest International College, Pokhara University, in fulfillment
of the requirements for the degree of Master of Business Administration.

………………………..
Mr. Jagadish Prasad Bist
Research Supervisor
6 March 2020

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 RECOMMENDATION FOR APPROVAL

This is to certify that the Internship Report on “An Internship Report on G.

Paudyal & Associates” prepared and submitted by Amit sigdel for the partial
fulfillment of the requirements for the degree of Master of Business Administration is
found his original work. The report is, therefore, approved and recommended for its
acceptance.

…………………….
Dr. Niranjan Devkota
Coordinator- Quest Research Management Cell
Quest International College

…………………….
Mr. Ram Prasad Poudel
Associate Director - MBA
Quest International College

…………………….
Mr. Udaya Raj Poudel
Principal
Quest International College

Date: 6 March 2020

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 ACKOWLEDGEMENTS

We always believe that no work is complete without support and inspection. All those
unnamed inspires who encouraged me during my internship program and report must
be credited with whatever merits, that I will achieve in my near future.
.
The internship opportunity I had with “G. PAUDYAL & ASSOCIATES” was a
great chance for learning and professional development. Therefore, I consider myself
as a very lucky individual as I was provided an opportunity to be a part of it. I am also
grateful for having a chance to meet so many wonderful people and professional who
lead me through this internship period.

Firstly, I would like to thank, CA, Ghanshyam Paudyal, managing director of “G.
PAUDYAL & ASSOCIATES” at Teku for giving me an opportunity to work as an
intern in the organization.

Similarly, I am extremely obliged to all the helping hands that directly and indirectly
helped me by providing information and suggestions regarding to my report and
internship program.

Finally, heartfelt gratitude to Ghanshyam Paudyal and other member in spite of

being busy in their duties took time to hear and guide me throughout my internship
program and carry out the internship report.

Amit Sigdel

Date: 06/03/2020

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 TABLE OF CONTENTS

CERTIFICATE OF INTERNSHIP

INFORMATION SHEET

DECLARATION

LETTER OF RECOMMENDATION

RECOMMENDATION FOR APPROVAL

ACKOWLEDGEMENTS

CHAPTER I: INTRODUCTION

1.1 History and Current Status of Auditing

1.2 Networking

1.3 Firm Core Values

1.3.1 Mission
1.3.2 Vision
1.3.3 Our Beliefs
1.3.4 Our Ethics
1.4 Why G. Paudyal & Associates?

1.5 Organization Structure

1.6 Product and Services of the Firm

1.6.1 Audit and Related Services

1.6.2 Company Formation/ Foreign Investment
1.6.3 Tax Services
1.6.4 Accounting and Related Services
1.6.5 Management Consultancy Services
1.6.6 Systems
1.6.7 Performance Improvement Services
1.6.8 Corporate Advisory Services
1.6.9 Human Resource Development
1.6.10 IFRS & NFRS Consultancy
1.7 SWOT Analysis of the Firm

1.7.1 Strength

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 1.7.2 Weakness
1.7.3 Opportunities
1.7.4 Threat
CHAPTER II: JOB PROFILE AND ACTIVITIES PERFORMED

2.1 Activities Performed in an Organization

2.2 Problem Solved

2.3 Intern Key Observation

CHAPTER III: LESSONS LEARNED AND FEEDBACK

3.1 Key Skill and Attitude Learns

3.1.1 Technical Skill

3.1.2 Soft Skill
3.1.3 Hard Skill
3.1.4 Others
3.2 Feedback to the Organization

3.3 Feedback to College / University

BIBLIOGRAPHY

8
 LIST OF FIGURES

1. Organization
Structure………………………………………………………………4
2. Firm
Services………………………………………………………………………..5

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 CHAPTER I: INTRODUCTION

1.1 History and Current Status of Auditing

The Institute of Chartered Accountants of Nepal (ICAN) was established under a

special act, The Nepal Chartered Accountants Act, 1997 to enhance social recognition
and faith of people at large in the accounting profession by raising public awareness
towards the importance of accounting profession as well as towards economic and
social responsibility of the accountants, and to contribute towards economic
development of the country. The Institute is an autonomous body and is fully
authorized by the Act to regulate accountancy profession in Nepal.

In 1934 the first ever companies act in Nepal legislated than after 1956 new company
act enacted and book of accounts to be maintained specified and account to be audited
by an auditor licensed by the Dept of industries after that 1974 Auditors' Act
legislated, which entrusted the Office of Auditor General (OAG) to issue auditor's
license and set qualification of auditors in four different classes of Registered
Auditors similarly Chartered Accountants with five years' experience given Class A
license with unlimited authority to audit any organization. Others are given license of
Class B, C, and D depending upon the education and experience as specified in the
Auditors' Act. Disciplinary powers vested upon the Auditor General who was to
receive recommendation from a Disciplinary Committee. In the year 1987 Formation
of the Association of Chartered Accountants of Nepal (ACAN) as a voluntary social
organization with an initial membership of 15 Nepali chartered accountants. In 1985
SAFA formed a Committee to assist ACAN in recommending to the Government for
the formation of an accounting body in Nepal. SAFA committee submitted a report.
In 1990 ACAN held a SAFA international seminar, which was inaugurated by the
Prime Minister who committed the formation of an accounting body in Nepal
accounting profession's image was uplifted. Nepal Chartered Accountants
Regulation1999 came into effect on 29 September 1999. First CA Examination held
in November 2000.

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G. PAUDYAL & ASSOCIATES is one of the medium sized firms of accountants and
consultants in Nepal. The firm was established as a sole proprietorship firm on 25
May, 2008 and has been converted to a partnership firm on 18 September, 2014. The
firm has practice office located in Teku at Kathmandu. It has a network of specialists
and highly qualified personnel in diverse fields and offers a full range of services
including Auditing and Accounting, Taxation and Corporate Business Advisory
Services. The provision of integrated services has attracted a large number of
prestigious clientele from diverse industries.
Our services are seamless and utilize uniform technology to ensure same level of
quality standards globally. We are positioned to serve our clients anywhere in Nepal
through our network of firms enabling to provide.
● Consistent
● Efficient
● High quality and
● Value added services

1.2 Networking

In this firm network of specialists and highly qualified personnel in diverse fields, G.
PAUDYAL & ASSOCIATES is fully equipped to meet the changing needs of the
corporate and non-corporate industrial, commercial and financial world. The firm
possesses high-level service capability covering a wide spectrum of activities. The
firm's basic philosophy has been to provide an integrated service to its clients
covering auditing, tax and consultancy.
G. PAUDYAL & ASSOCIATES currently has over 30 professionals Staffs in our
firm.

1.3 Firm Core Values

G. Paudyal & Associates core values represent a fundamental attitude of mind that
runs through everything we do to achieve our strategic direction. They define the
character of our people and the firm, through
- Leadership
- Integrity
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- Teamwork
- Responsiveness
- Continuous Improvement

1.3.1 Mission

To provide reliable professional services with integrity, excellence and confidentiality

in the system of our firm to meet our customer’s individual requests

1.3.2 Vision

To establish a one roof platform for clients for all their professional needs with the
motive of recognition of CA profession and to serve for nation.

1.3.3 Our Beliefs

We belief in moral values and accept that there is no shortcut of quality professional
services.

1.3.4 Our Ethics

We never compromise with the professional code of conduct; we are abide by the
professional ethics and would like to restrain ourselves from any conduct that might
discredit to the profession.

1.4 Why G. Paudyal & Associates?

G. Paudyal & Associates is the team of young, passionate and energetic professionals
for rending high quality professional services. It has network of experts and highly
qualified personnel in diverse fields that requires for business community. With the
combination of experience and young team we offer most cost-effective and high-
technology services and facilities to its clients. We owing to our values we have
transparent business dealings and to make comfortable and secured environment for
our clients for their confidential data and information.

1.5 Organization Structure

The organization structure figure is shown below:

3
 Fig. 1 Organization Structure

Managing Partner

Manager

Staff Staff Staff Staff

Managing Partner
A managing partner is roughly equivalent to a chief executive officer of a corporation
in terms of duties and responsibilities, but in a partnership or small firm and not a
corporation. This job title is commonly used in accounting and law firms.
Manger
An individual who is in charge of a certain group of tasks, or a certain subset of a
company. A manager often has a staff of people who report to him or her.
Staff
The entire group of employees who work at a company or those employees who work
under a given supervisor.

1.6 Product and Services of the Firm

Achieving a client's business objectives requires many kinds of knowledge and skills.
The firm can provide a seamless, "single window" service for a business carried in
Nepal.
The service capability of the firm is graphically depicted below:
FIG. 2 Firm Services

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The firm offers the following services

1.6.1 Audit and Related Services

G. PAUDYAL & ASSOCIATES audit- individualized, cost effective and focused on

the client's area of highest risk – also provides suggestions for improvements in
controls, productivity and management information.
The audit division is divided into a different groups functioning under the supervision
of partner. An audit group usually comprises audit manager/senior managers,
qualified assistants and trainees. Each audit engagement is referred to a specific group

5
thus ensuring that the client receives continuity in the personnel handling their
assignment.
The firm has considerable experience in all major industrial segments:
manufacturing/technology, power generation, financial services, educational groups,
insurance and services and has been significantly involved with multinational, foreign
collaboration and joint venture companies and other nonprofit making organizations.
The audit division of the firm also carries out management/internal audits for a
number of large companies. It has been our experience that over the years, a number
of large companies are increasingly moving towards an environment where the
internal audit is being conducted by an external firm of accountants. This practice has
gained prevalence because of three important factors:
● The external firm can exercise a far greater degree of independence in
conducting the audit.
● An increasing inability of organizations to attract and retain good professionals
in the internal audit department.
● The cost of the function of internal audit even in terms of direct cost is usually
much less if conducted by an external agency.

1.6.2 Company Formation/ Foreign Investment

The firm provides the client with the pre-incorporation consultancies about the legal
and regulatory framework. Also assist the foreign investors with the local business
environment and legal formalities to make them comfortable with the Nepalese
working environment.

1.6.3 Tax Services

The firm assists in assuring compliance with tax regulations. We are involved in
advising clients on all aspects of corporate and individual taxation planning, joint
ventures, special schemes, etc. We have also specialization in handling foreign
collaboration agreements and taxation of expatriate personnel in Nepal.

1.6.4 Accounting and Related Services

The firm provides owner-managed, small companies and liaison and representative
offices with book keeping, accounting and reporting assistance and helps develop
business plans, financing strategies, etc.
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1.6.5 Management Consultancy Services

The firm role as management consultants primarily lies in providing independent

professional counsel for management problems and actions.

The firm does this by

● Helping an organization evaluate its overall strengths and weaknesses in

relation to a rapidly changing environment.

● Providing the necessary skills and expertise in such problem or other areas in
which the internal staff of an organization may not have adequate time or
experience.

● Tackling special problem, internal (e.g. growth) or external (e.g. a changing

market) with which an organization has not coped with in the past.
● Providing the necessary assistance in the implementation of recommendations.

Constituted of personnel with diverse experience and qualifications, we bring to bear

a multi-disciplinary approach with balance of practically and technical sophistication.
Firm offer a comprehensive range of services in several disciplines, which include:

1.6.6 Systems

● Accounting System

Designing and implementing systems of accounting, costing and budgetary control

(including activity based costing systems) and development of accounting manuals.

● Administrative System

Development and implementation of administrative systems including form design,

work simplification, means of date storage, etc.

● Manufacturing System

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Providing services related to production planning, scheduling, quality control and
material management & recovery analysis.

● Computerization

Identifying areas for Computerizations, hardware and software strategy, and business
process design for Computerization and development of tailor-made software.

1.6.7 Performance Improvement Services

Assisting in designing and implementing processes and programs for improving

productivity, efficiency and quality

1.6.8 Corporate Advisory Services

Our services in this area include mergers and acquisitions, due diligence studies,
corporate restructuring, share and business valuation, foreign collaboration
agreements, privatization, expatriate services, etc.
The firm is also involved in corporate restructuring through mergers and
amalgamations/acquisitions.
The firm has also specialized in due diligence reviews, which are performed on behalf
of entities considering corporate acquisitions. This corporate finance specialization
assists our clients in evaluating the net worth of corporate bodies and their
management with a view to potential acquisitions.

Projects

● Feasibility Studies

Conducting comprehensive techno-economic feasibility studies for new projects and

products including detailed market surveys, financial feasibility, cash flows, project
parameter, etc.

● Project Management

Designing and implementing project control systems for reporting project progress
and expenditure.

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● Diversifications Studies

Identifying opportunities for diversification

Strategy

● Entry Strategy

Advising overseas entities in forming their entry strategy for setting up their business
in Nepal. This includes assistance in obtaining the necessary regulatory approvals for
establishing the business/presence in Nepal.

● Venture Development

Identification of technologies, assistance for tie-ups, identification of partners for joint

ventures, assistance for formation of companies, etc.

● Rehabilitation of Sick/Marginal units

Conducting detailed organizational diagnostic studies, setting corporate strategies,

formulating long-term plans and reviewing and determining corporate organization
structures and policies.

1.6.9 Human Resource Development

● Organization and Personnel

The firm designing detailed organization structures, evaluating staffing requirements,

developing job descriptions, reviewing personnel and compensation policies, assisting
in manpower planning

● In-company Training Programmed

The firm conducting tailor-made training programmers for company executives

particularly in the areas of financial management, operations management, and profit
planning and productivity improvement

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● Executive Section

Recruitment of executive at senior and middle management levels

1.6.10 IFRS & NFRS Consultancy

Our services in this area include consulting the corporate and other sector on IFRS &
NFRS compliance and issues identification.

1.7 SWOT Analysis of the Firm

1.7.1 Strength

● Quality service
● Highly dedicated in work
● Good rapport among client
● Focus on improvement in services

1.7.2 Weakness
● Slow internet connection
● Problem in technology like computer, printer etc.
● Lack in division of work

1.7.3 Opportunities
● Government Promoting entrepreneurs which increase the client
● Globalization
● Foreign direct investment

1.7.4 Threat
● Change in government rules and regulation
● Unclear government policy
● Corruption

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 CHAPTER II: JOB PROFILE AND ACTIVITIES PERFORMED

2.1 Activities Performed in an Organization

The firm is all about chartered accounting firm who actually looks the account of
different firm like Eye full enterprises, Manakamana and Lumbani Medicine
Distributors Pvt. Ltd., Medico Hospital Solution Pvt. Ltd., Pacific Nepal Pvt. Ltd.,
Devya Ply Udyog Pvt. Ltd., Pathivara Enterprises, Joshi and Son Pvt. Ltd., Suketi
Beach Pvt. Ltd, lele samudhayak Sathstha, Plsam Music Institute Pvt. Ltd., Sontosh
Nirman Samagari, Cho Rolpa Hospital etc. and finally, prepares the audit report as
well as work as management consultants and many more in this firm my task or
activates are:

2.1.1 Data Entry

Tally is an ERP accounting software package used for recording day to day business
data of a company where our task is to entry the accounting voucher like purchase
bill, sales bill, payment and receives.

2.1.2 Monthly Summary

After the data is entry is completed in tally we need to make the monthly summary of
purchase and sales bill and match that in vat return entry in Inland Revenue
department.

2.1.3 Vat Reconciliation Statement

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Run this report to compare VAT on your standard scheme non MTD VAT return with
VAT on transactions for the same period. This allows you to check for any unfiled or
unpaid VAT amounts. If the vat return and monthly summary doesn’t match than we
have to look all the data we entry and find out the variation and make a vat
reconciliation statement with remark.

2.1.4 Bank Reconciliation Statement

A bank reconciliation statement is a document that matches the cash balance on a

company’s balance sheet to the corresponding amount on its bank statement.
Reconciling the two accounts helps determine if accounting changes are needed. Bank
reconciliations are completed at regular intervals to ensure that the company’s cash
records are correct. We need to prepare Bank reconciliation Statement is when the
bank statement and organization cash book/ledger doesn’t match.

2.1.5 Visit the Inland Revenue Department

It is another task where I need to go to Inland Revenue department for tax clearance
and get the tax clearance certificated.

2.1.6 Visit the Client Organization

Sometime the document provides by the organization is complex i.e. amount in total
figure so, to verify that we need to visit in that organization. For example in bank
reconciliation statement the cash ledger provided by the organization is in total of a
day and bank statement shows the record of each and every transaction so to verify
each and every transaction we need to visit that organization and verify that record.

2.1.7 Photocopy/Scanned

Photocopy and scanned the document is another task that is performed by me.

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2.1.8 Stock Balancing

In Nepal stock are recorded under FIFO methods, some of the organization closing
stock comes negative, so we need to look the stock in stock register and purchase and
sales to make a stock balance.

2.1.9 E-TDS

TDS stands for tax deducted at source. As per the Income Tax Act, any company or
person making a payment is required to deduct tax at source if the payment exceeds
certain threshold limits. TDS has to be deducted at the rates prescribed by the tax
department. TDS is deducted on the following types of payments:

● Salaries
● Interest payments by banks
● Commission payments
● Rent payments
● Consultation fees
● Professional fees

For this task we need to go to online and open the IRD site and entry the TDS
amount, date, voucher number, bank name etc. and the entry need to reconcile.

2.1.10 Received the Phone Call and Provide the Information

We need to receive the phone call and convey the message to the related person.

2.1.11 Confirmation Letter

A confirmation is a letter sent by an outside auditor to the suppliers and customers of

a client, asking them to verify the payable and receivable balances associated with
them in the client’s financial records. This information is considered quite valuable by
the auditor, since it provides independent confirmation of certain information in a
client’s balance sheet. The auditor sends a positive confirmation letter when
requesting that recipients return a response even when they agree with the provided

13
information. We need to prepare a confirmation letter on behave of that organization
to other firm/organization to confirm the remaining amount.

2.1.12 Others

Totaling the purchase and sales register if difference, sent email, communication to
the client, provide the information if the sales or purchase bill is missing etc.

2.2 Problem Solved

Well talking about the problem that I have solved in that firm are:

a. Stock Maintains/ Balancing

Pacific Nepal Pvt. Ltd. Have a Closing stock balance is in negative. So, firm send me
to solve that problem, Accountant and me both sit together and solved that problem.

b. Bank Statement and Organization Cash Book Varied

Due to this, firm send me to lumbini medicine distributors and Manakamana med
concern Pvt. Ltd. to solve that issued by making bank reconciliation statement.

c. System and Register Amount Mismatch

Eye-full enterprise Pvt. Ltd. system amount is mismatch to the register and invoice
amount so, firm sent me to solve that issue by verifying the source data.

2.3 Intern Key Observation

The key observations being an intern of that firm are:

Positive Aspect

a. Friendly Working Environment

Firm develop a positive attitude, Treat everyone with respect, and Practice active
listening, connect on a personal level Develop relationships outside of work, helping
nature shows the friendly environment in work place.

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b. Respect to the Client and Customer

This firm respects the client and customer which make positive attitude and make a
good and long term relation to the client.

c. Dedicated to Work

All the people of this firm are dedicated to work, so the firm is able to complete there
on time as well as increase the number of customer by relationship marketing.

d. Long Term Relationship to the Client

Due to the good image and rapport among the client they have good relationship
among their client.

e. Qualified CA and Management Consultants

The firm provides the service of auditing, taxation and management consultants with
well qualified and experience person from related field.

Negative Aspects

a. Problem in Computer and Printer

Like every firm this firm also has a problem in computer and printer i.e. computer
hang and printing problem i.e. tonner problem etc.

b. Slow Internet Connection

This firm has slow internet connection which takes time to open online apps i.e. IRD
(Inland Revenue department) or site or sending email to client or other staff or
superior etc.

c. Problem in Time Management

Time Management refers to managing time effectively so that the right time is
allocated to the right activity but due to the client late respond as well as firm busy
schedule time management is a problem for this organization.

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d. Lack in Document and File Management

This firm is weak in document and file management being a management background
also there is a problem in file management.

e. Problem in Stock Maintain

Being a management background we have read the operation management and get the
knowledge about stock maintenance but in this firm there is a problem in stock
maintenance i.e. photocopies paper, record file, carbon, letter head are not available
on right time.

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 CHAPTER III: LESSONS LEARNED AND FEEDBACK

As the internship program provides an opportunity to provide practical knowledge

along with academic program. During the internship period, I got an opportunity to
explore the theoretical knowledge into the real working environment. As an intern I
was assigned a task like data entry in tally, excel, online data entry in IRD site, VAT
reconciliation statement, monthly summery, accounting, bookkeeping etc. Internship
is a golden opportunity for the students to learn in country like ours where people
hardly get an access to the practical field while studying. The main purpose of the
internship program is to help the students by allowing them to be practically involved
in the activities carried out by the firm on daily basis.

It has provided us an opportunity to gain practical exposure in the firm and obtain
some experience that acts as a stepping stone before entering into professional world
hence, enhancing our personal skill and capacity and developing managerial skills and
behavior. It has helped in improving the people skills, human skills and analytical
skills. It has also helped in developing the ability to work under pressure, to know
about how to handle the client of different nature and how to work in a team.

3.1 Key Skill and Attitude Learns

3.1.1 Technical Skill

Technical skills refer to the knowledge and expertise needed to accomplish complex
actions, tasks and processes relating to computational and physical technology. The
technical skills that I have learned are:

● Tally Software

Tally is an ERP (enterprise resource planning) accounting software package used for
recording day to day business data of a company.

● MS Excel

17
It is a software program created by Microsoft that uses spreadsheets to organize
numbers and data with formulas and functions.

● MS Word

A word processor is a computer program used to create and print text documents that
might otherwise be prepared on a typewriter. The key advantage of a word processor
is its ability to make changes easily, such as correcting spelling, adding, and deleting,
formatting and relocating text. Once created, the document can be printed quickly and
accurately saved for later modifications.

● Web Based Software IRD

A web-based application is any program that is accessed over a network connection

using HTTP, rather than existing within a device’s memory. Web-based applications
often run inside a web browser.

3.1.2 Soft Skill

Soft skills are character traits and interpersonal skills that characterize a person's
relationships with other people. The soft skills that I have learned are:

● Communication

Communication skills are abilities you use when giving and receiving different kinds
of information. Some examples include communicating ideas, feelings or what’s
happening around you. Communication skills involve listening, speaking, observing
and empathizing. It is also helpful to understand the differences in how to
communicate through face-to-face interactions, phone conversations and digital
communications, like email and social media.

● Problem-Solving

Problem-solving skills help you determine the source of a problem and find an
effective solution. Although problem-solving is often identified as its own separate
skill, there are other related skills that contribute to this ability.

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● Creativity

Creativity is defined as the tendency to generate or recognize ideas, alternatives, or

possibilities that may be useful in solving problems, communicating with others, and
entertaining ourselves and others.

● Adaptability

It is an ability of an entity or organism to alter itself or its responses to the changed

circumstances or environment. Adaptability shows the ability to learn from
experience, and improves the fitness of the learner as a competitor.

● Work Ethic

It a set of values centered on the importance of doing work and reflected especially in
a desire or determination to work hard.

● Team Work

It is a process of working collaboratively with a group of people in order to achieve a

goal. Teamwork is often a crucial part of a business, as it is often necessary for
colleagues to work well together, trying their best in any circumstance.

● Integrity

It is the quality of being honest and having strong moral principles that you refuse to
change.

3.1.3 Hard Skill

Hard skills include the specific knowledge and abilities required for success in a job.

● Accounting

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Accounting is the recording of financial transactions along with storing, sorting,
retrieving, summarizing, and presenting the results in various reports and analyses.
Accounting is also a field of study and profession dedicated to carrying out those
tasks.

● Bookkeeping

Bookkeeping involves the recording, on a daily basis, of a company’s financial

transactions. With proper bookkeeping, companies are able to track all information on
its books to make key operating, investing, and financing decisions.

3.1.4 Others

1. Dealing with various types of customers has improved mass facing ability
2. Improved communication skills which helped to communicate effectively
3. Developed inter-personal skill which will enhance interaction ability.
4. Having taken the responsibility has helped and given the time has increased
the time management ability.
5. Handling the work pressure was one of the important attitudes developed
while working in the firm.
6. Became more socialize while dealing and interacting with many people
7. Learned that one should not only know to attract a customer but also should
be able to retain them.

3.2 Feedback to the Organization

At first I would like to thankful to the firm being a part of your esteem organization
where I have gain many knowledge and learnt many things like tally, MS-Excel, MS-
Word, and online software IRD in technical skill, soft-skill like communication, team
work, integrity, work ethic, creativity etc and finally hard skill like accounting and
bookkeeping as well as I can implement my theoretical knowledge into practical life.

On the basis of the analysis and findings, the following suggestions can be
recommended to overcome the weaknesses and inefficiency and to bring the
satisfactory improvement to the existing situation.

20
 1. The firm should give more importance to the material handling and
management.
2. The firm must focus on time management to complete the task and
responsibility.
3. Technology like computer and printer and internet must be update and well
maintain to generate good result.

3.3 Feedback to College / University

I must be thankful to the college/university for providing a platform to apply my

theoretical knowledge in practical life.

As a feedback

1. Internship program should be made more systematic and efficient so that the
students feel that they have achieved something.
2. The class taken for internship report is too early because we need a time to get
familiar to organization.
3. Rush schedule from class to internship, college must think to allocate
appropriate time.
4. The college should encourage banks and other institutions to provide more
challenging tasks to the intern so that they can be more challenging and
competitive.
5. The college should make frequent visit to the organization or be in contact
with the supervisor under whom the students are working in the organization
to know about the regularity and performance of the students.
6. Regular and proper assessment of the intern student should be made to ensure
that the students are serious and regular.
7. Timely feedback about the intern should be taken from the supervisor to know
about the progress report and their job status.

BIBLIOGRAPHY

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● http://www.businessdictionary.com/definition/adaptability.html
● http://www.businessdictionary.com/definition/teamwork.html
● https://cleartax.in/s/what-is-tax-deducted-at-source-tds
● https://corporatefinanceinstitute.com/resources/knowledge/accounting/
bookkeeping-definition/
● https://ican.org.np/new/site/show/about-us-introduction
● https://www.accountingcoach.com/blog/what-is-accounting
● https://www.accountingtools.com/articles/2017/5/14/confirmation
● https://www.coursehero.com/file/52564256/Word101pdf/
● https://www.entrepreneur.com/article/247507
● https://www.investopedia.com/terms/s/soft-skills.asp
● https://www.investopedia.com/terms/t/technical-skills.asp
● https://www.merriam-webster.com/dictionary/business%20is%20business
● https://www.planet-odoo.com/how-to-do-bank-reconciliation-in-odoo-12/
● https://www.scribd.com/presentation/104282591/Integrity-Club-Patrons-Training-
at-Limuru-August-2012
● https://www.techopedia.com/definition/26002/web-based-application
● www.gpa.com.np

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