III. Description of Internship Assignment
a. Type of firm and industry The firm I conducted my internship at is Robert C. Alario CPA PC. It is an accounting firm based in Leominster Massachusetts but with offices also in Harvard, Massachusetts and Worcester Massachusetts. The firms serves the public accounting needs for individuals, corporation, and non-profit entities. Their services include tax planning and preparation, payroll services, bookkeeping, auditing, QuickBooks assistance, financial statement preparation, and college planning. The firm is comprised of two partners, and boasts about 15 full time employees. The public accounting industry seems to have an underserved market. This is especially evident during tax season,
…show more content…
Other duties include preparation of client trial balances for input in ProSystem fx Engagement, and preparation of client binders in the same system. I also routinely prepared reports from Quickbooks, including balance sheets, profit and loss statements, and trial balances. Furthermore, I conduct client write ups, and reconciliation in Quickbooks. This consisted in accurately inputting checks and deposits into Quickbooks from client provided check registers, and then reconciling them with the clients bank statements. During any down time I helped out the office administration team. In this capacity I pulled or returned files from the central filing room for the tax prepares, answered phones, along with other general administrative work in the office.
d. How the job requirements and duties of this specific function interrelated with other jobs and the role of other functional areas with in the firms. I learned that in this office there was a specific process during tax season to prepare the tax returns. It started with receiving the client documents, and it ended with the return of the completed tax return to the client. First the admin team would receive all documents from the client, pull the clients file, or create a new one. Then the admin team would pass the documents and the file to an intern like myself. At this stage I believe my task, of sorting through
We will provide your appropriate management with consultation on accounting matters as they may be required in adjusting and closing the books of account and drafting financial statements for our review. We will also construct your detailed trial balance and any supporting schedules we require.
19. Which function ensures that the company has the right mix of skilled people to perform its value creation
In the foreword, Bridges states he and the political will are part of the problem of hidden hunger in America. He does not give us much information on what he was not doing before he decided to help. Bridges also states that we could help end this problem just as much as anyone else can, but he never furthers the thought after this. Bridges could inform us on what he meant when he was the problem and how we individual's reading this could help end this problem. We do not see ads on television telling us the people in our own country are starving. The politicians have so much power and if they are standing for what they believe in then most would think there would be no hunger in America. The politicians should be making sure that everyone
These different functions have their own roles and work together to optimise performance. Different functions work together by communicating with each other and sharing information so that everybody has relevant up to date information on the company’s plans and tenants issues. Each function carries out its own
In any business environment from a clerk’s position to CFO, public or nonpublic, these individuals should reflect on how proficient they need to be while performing accounting services especially when dealing with public monies.
The city of New Haven, Connecticut has been a long-standing settlement. Established officially by Europeans in March of 1638 (Source 3), New Haven has a detailed history of population declines and growth. The territory that is now New Haven was once inhabited by the Native American group the Quinnipiack (Source 6). The accrual of land was easy for the English settlers in this territory due to the conflicts between the Native American groups. The Quinnipiack tribe occupied the area near the harbor and the Mohawks and Pequots occupied the surrounding area and constantly harassed the Quinnipiack. When the English arrived the Quinnipiack traded their land for protection, which the English agreed to immediately. Through the years the settlement of New Haven has grown and declined in population due to different factors including political, economic and many more.
Well-rounded, qualified individuals will possess knowledge of accounting principles as well as personal and business income taxes to prepare a wide variety of diversified accounting and tax assignments, including: financial statements, bookkeeping tasks, simple to complex business and individual income tax returns, and other accounting and tax duties as assigned by Branch Manager. Performance is judged based on the quality of work, application of accounting and tax knowledge, and ability to meet time constraints. It is expected that duties are carried out efficiently, attentively, and conscientiously.
During our two weeks with the EAS department, we were able to see how they deal with a client from beginning to start. We treated the company as if it was a real company and imported their trial balances, compiled financial statements, and performed audits and compilations. Throughout the two weeks we were given opportunities to complete “Foot and Proofs” of company financials and reviews. Foot and Proofs involve proofreading financial statements for grammar and formatting errors, tracing numbers throughout the entire document to make sure they match, and verifying that accounts are disclosed properly in the notes. We would use ticks and ties to trace
The main functional areas of a business are marketing, human resource, finance, information systems and production. All these interact with each other in different ways but all contribute to effective management. Management would not be completely effective if one of the above areas are missing. They are all needed in different ways to make sure that the business reaches objectives, achieves effectiveness and efficiency and while doing this trying to get a balance in which they can satisfy different stakeholders.
1. Confusion in defining the functions - How many distinct functions should be created, should marketing be a part of sales, should there be separate finance, human resource and accounting teams, etc.
According to Granof, “conventional, business-type management accounting focuses mainly on maximizing net inflow of cash. The aims of governments and not-for-profit organizations, of course, go well beyond maximizing cash flow” (Granof, 2013). Accountants in government and not-for-profit organizations can play several roles in the fiscal management of that organization.
Over the past 10 weeks, I have worked at Deloitte & Touche, LLP as an Audit Intern. Overall the internship was an important learning experience and invaluable in my professional development. I was able to gain real work experience in audit and network with many people at different stages in their careers. There were many Deloitte-sponsored intern events in addition to the regular daily work I performed on my three engagements.
There are at least two reasons for climate change. Car pollution , and factory pollution are two of the major for this.
The company I interned for this semester was MultiMension. It is a company founded and run by my intern supervisor, Julie Hyunjoo Lee. MultiMension is an E-learning company that produces digital media tools for the various instructional needs of customers. These tools come in the form of online courses, infographics, animations, and interactive tutorials that are tailors to target audiences. The company has also been involved in mobile application design and development. They recently released a new meal planner application, called Nuttri. This is the product I worked exclusively with during my internship this semester.
Organizational functions within an organization are Sales and Marketing, production, human resources, finance, Research & development, and Purchasing etc. Each of them work together to achieve the organizational objectives. Interrelation of these function relay on the base on dependency and also the structure of organization. Relationship of these function different in each organizational structure. Interrelation of these function have some advantages and disadvantages.