Internship presentation 

on
The Comprehensive Report on the Accounts of
Fayendra co.

Submitted to:                                             By:

Dr. Mahdy Othman                                       Zaied Khawaja Alam
Department of Accounting                                   (QA0161)
 Overview

- I began my designated internship on the 31st of October 2021,

and ended on 24th February 2022.

- The Co-Op period was 15 weeks, of which I completed the first 8

weeks in Jeddah offices and the next 7 weeks were in Madinah.

- The Comprehensive report, weekly reports and Company

evaluation were submitted to my Co-Op supervisor on the 27th of
February.
The PowerPoint will be described in detail and
will pertain to four respective chapters:

Contents:

• The Company Profile

• The Human Resource Accounting

• The Inventory Accounts and Asset Management

• Summary and Conclusion

-About the Company

-Established in 1935, In the world of beauty and elegance, FAYENDRA goes

back a very long way when it comes to expertise in the jewelry sector.

-FAYENDRA offers its valued customers a sea of branches and luxury

showrooms to shop from. With over a hundred and fifty branches across
the Kingdom.

-FAYENDRA aims to be a pioneer in the online shopping and retail era,

with their own methodology of taking a product to its esteemed customer
as swiftly as possible, and also offer them a brandished after sale service.
HUMAN RESOURCE ACCOUNTING

-HRM Accounting Definition:

-The Human Resource Management Accounting takes into

consideration the overall process of assigning, budgeting and
reporting the cost of human resources incurred in a corporate
organization.

-It is the activity of calculating and finding out the incurred cost
invested for the employees towards their recruitment.

-Finally calculating their contribution and effort to the entire

organization towards its profitability and success.
My Personal view on the concept of HRM                       
                     Accounting

-Human Resource Accounting (HRA) is a relatively new branch of

accounting.

-It is based on the already-known concept that all expenditures of

company employees and human capital is treated as an opposite
against the revenue of the company in a certain accounting period.

-But in the modern days and era, this concept has changed and the
accounting rule modernly applies that the cost incurred on any asset
(Human Resources included) should be capitalized on and calculated
for each benefit that it yields, in monetary terms.
HRM Accounting in Fayendra

- As an intern in the HR accounting department, my job was to

oversee the paycheck processes and prepare employee
compensation statements.

- Some of the payroll responsibilities during my time in training

included:

• Calculating net salaries, assigning penalties and deductions and

withholdings
• Updating payroll files and the general ledger 
• Resolving payroll process issues (i.e., late payments)
• Process overtime earnings and/or holiday deductions
• Answer employee questions concerning payroll
INVENTORY MANAGEMENT/ ASSET & LIABILITY
MANAGEMENT ACCOUNTING

- Purpose of Inventory Management

- LightSpeed application for an easier management procedure.

-The different types and scopes of LightSpeed

My Experience with inventory Management
training:

 - There were four phases to my recollection of working in the

inventory department. 

 - A smooth workflow rate followed by an almost-zero error

ideology.
Asset and Liability Accounting in FAYENDRA:
 - An overview of the importance of Asset and Liability Accounting
in Fayendra. 

 - Realizing, summarizing and reporting assets and liabilities in a

quarterly basis.

 - Preparing the Balance Sheet.

 Summary and Conclusion

 - The effect of 15 weeks of hard work on my field work skills

 - An upgraded knowledge on Microsoft Excel

 - The importance of Co-op

THANK YOU!