Accounting internship final report

College of Administration and Finance Sciences

Form No 4- Internship Report Cover Page
Student`s name:
Student`s ID #:

Training Organization:

Trainee Department:

Field Instructor Name:

Field Instructor Signature:

Course Title:

CRN:

Internship Start Date:

Internship End Date:

Academic Year/Semester:

For Instructor’s Use only
Instructor’s Name:

Total Training Hours /280

Students’ Grade: Marks Obtained /30

Level of Marks: High/Middle/Low

College of Administration and Finance Sciences

Academic Report Guideline(Co-op)
(please do not include this text in the final report, just follow its guidelines and
use the cover page above)
The report should be approximately 3000 – 4000, single –spaced and consider taking the following format
General instructions for writing the final report:
The report must be written in English language.
The word limit is 3000-4000.
If the report word count is not within the required word limit, marks will be deducted.
The font size is 12, Times New Roman, justified, 1.5 space.
Main headings use font size of 16 and bold.
Add page numbers in the middle bottom of the page.
Plagiarism or copying from other sources will result in ZERO marks.
This report must be submitted on Blackboard (WORD format only) via the allocated folder.
Your work should be clearly and completely presented; marks may be reduced for poor presentation. This
includes filling your information on the cover page.
Assignment will be evaluated through BB Safe Assign tool. Late submission will result in ZERO marks
being awarded.
First Page
The first page should display the student’s full name, internship start and finish dates, working hours per
week, company/institution name, and the cover page.
The field instructor should sign on the first page.
A Brief Executive Summary of the Internship
A one-page summary of the company/institution and a short account of the major activities carried out
during the internship period.
Acknowledgment
To allow the student to express her/his thankful and gratitude to individuals (such as: field instructor,
academic supervisor, colleagues…etc.) who help them in carrying out and completing her/his training
journey. This part will aid the students to learn basic elements of academic writing. To express their
appreciation in a concise and professional manner.
Table of Contents
Contents of the report with page numbers, list of tables, and list of figures.
Introduction
A brief of the report. The Aim of the report.
Chapter 1: Description of the company

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This section should answer the following questions:
What is the full title of the company/institution?
Give a brief history of the company, full mailing address and relevant weblinks
What is the type of ownership of the company/institution?
State the main shareholders and their shares.
What is the sector that the company/institution operates in?
Specify the products and services produced and offered to its customers/clients.
Who are regarded as the customers/clients of your internship company (consider the end users, retailers,
other manufacturers, employees,etc.)?
Provide an organization chart of the company, along with information on the number of employees.
Provide a list of functions performed by different departments/divisions in the internship organization.
Provide an overview off the production system or service procedure (what are the resources, inputs,
outcomes, andconstraints?)
Provide a process chart of a major product and/or service.
The following questions can be classified as your major fit (Finance, Accounting, Ecommerce and
Management).
• What kind accounting/finance/IT//quality/marketing standards and principles are used in the
organization?
• Discuss telecommunication technologies (Database, Instant Messenger, Networking, Ecommerce tools)
used in the company.
• Describe the quality planning and control activities in the internship organization.
• Describe the quality control activities throughout the life cycle of the product/service groups
• What kind of financial analysis and decision-making methods are used by corporate treasurers and
financial managers in the internship organization?
• What types of marketing, selling, and human resources analysis are performed (cost system, evaluation
of consumers, needs, product strategy, distribution strategy, promotional strategy)?

Chapter 2: Internship activities
This is the main body of your report. During the internship period, the focus of the training may on the
following types of analysis and questions. You do not have to answer all the questions in the list: •
Describe your working conditions and functions, such as: Who is your supervisor (include his/her name
and his/her position); other team members or co-workers and what their functions are to complement
yours.
• Provide a detailed description about the department(s) that the trainee did her/his training with them.
Adding all sub-divisions for this department(s) if it is available. Student can add to this description a
supported chart.
• Detailed descriptions about all tasks and activities that the trainee did them during her/his training
period.
• Gained skills and how they added value to your work
• Other tasks that are not related to the trainee’s major that done by her/him at the company should be
included in this chapter as well.
• What types of incentives did you get as a trainee to be more proactive and productive?
• Describe what kind of working documents and analysis you did there and what experiences you have
gained throughout yourtraining. Provide examples of your work.

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• A comparison between theory (things you have learned in the classroom) and practice (things you did or
observed at the company) must be made and highlighted. In this section the student can add a supported
table includes which academic course (s) (course title and code) helped to perform training tasks. For
example, two columns; the first one shows the course name and second column shows the tasks
performed and related to this course.
• Show some work samples that you have encountered/conducted at the company through graphs,
pictures, data, drawings, or design calculations and include them in your report.
• Lessons learnt (what the overall benefits gained from the training program)
Chapter 3: Recommendations
• Advantageous that helped the student in completing the training program.
• Disadvantageous and challenges that faced the student and how he/she did overcome them.
• Recommendations to improve training program in the college.
• Recommendation for the training company. Conclusion Sum up and summary of the training
experience. Reference If it is needed Appendix (option) This will help the instructor to have a background
about the trainee and his/her previous experiences. Also, it helps the students in writing their CVs for
future job application especially for fresh graduates who do not have previous practical experiences.
• Basic information (name, city, contact details…etc.).
• Job objectives.
• Academic qualifications.
• Practical experiences.
• Skills this will help the instructor to have a background about the trainee and his/her previous
experiences

: Description of the company
What is the full title of the company/institution?
Al Shaiba Trading Co
Give a brief history of the company, full mailing address and relevant weblinks
The company was founded in 2021 . [email protected] /www.Truffleers.sa
1. What is the type of ownership of the company/institution?
it is a limited liability company with 5 investors sharing the ownership
with assigned general manager to run the company strategically and
maintaining shareholders’ objective met.
2. State the main shareholders and their shares.
As we mentioned previously 5 investors divided into %20 share per
investor.
3. What is the sector that the company/institution operates in?
F&B retail and production.
4. Specify the products and services produced and offered to its
customers/clients?
Chocolates items and products varies at the current level to what can
be seen in the website:
www.Truffleers.sa
5. Who are regarded as the customers/clients of your internship company
(consider the end users, retailers, other manufacturers,
employees,etc.)?
Our customer base consists mainly of women between the age of 25 to
45. We also serve corporation gifts and events and participate in
different type of events and exhibition.
6. Provide an organization chart of the company, along with information on
the number of employees. Provide a list of functions performed by
different departments/divisions in the internship organization. Provide
an overview off the production system or service procedure (what are
the resources, inputs, outcomes, and constraints?)
Can be found in the manual shared, add the names describes our
functions.

7. Provide a process chart of a major product and/or service.
Can be found in the brand profile and employee handbook.
8. The following questions can be classified as your major fit (Finance,
Accounting, Ecommerce and Management).
• What kind accounting/finance/IT//quality/marketing standards
and principles are used in the organization?
Accounting using QuickBooks software to maintain the records and
cloud stores to keep the all data and documents. Marketing is outsourced
to an agency been working with us since the start. We also use bayzat for
HR matter and provide all services for our employees to make any
request and watch their schedules. Logistics remains old way with excel
sheet and dedicated staff for the tasks.
• Discuss telecommunication technologies (Database, Instant
Messenger, Networking, Ecommerce tools) used in the company.
• Describe the quality planning and control activities in the
internship organization.
Monthly/weekly reviews according to the need weather marketing
campaign data
• Describe the quality control activities throughout the life cycle of
the product/service groups
• What kind of financial analysis and decision-making methods are
used by corporate treasurers and financial managers in the
internship organization?
• What types of marketing, selling, and human resources analysis
are performed (cost system, evaluation of consumers, needs,
product strategy, distribution strategy, promotional strategy)?

College of Administration and Finance Sciences

Form Number 1 – PERIODIC REPORT
Internship Student Report | Month #1
Start Date: 18_/_8__/_2024__
End Date: __10_/_11__/__2024_

(Report Components)
What are the activities and tasks given to you during this
month?
This month, I focused on two main areas: bank statement
reconciliation and QuickBooks training.

Task(s)

Bank Statement Reconciliation: I spent a lot of time
analyzing our bank statements and making sure our recorded
sales matched up with actual bank deposits. Whenever there
were discrepancies, like timing issues with certain
transactions, I worked with other teams to sort things out and
document them accurately.
QuickBooks Training: I attended a training session on
QuickBooks, where I learned how to create and manage
customer profiles, enter invoices, process payments, and run
bank reconciliations. I also practiced generating financial
reports using QuickBooks, which was a great way to get
comfortable with its bank feed feature.
What skills did you learn through the month?
I picked up several valuable skills this month:

New skill(s)

Attention to Detail and Analytical Thinking: Working
with large data sets, especially for reconciliation, helped me
refine my attention to detail, which was key in catching and
fixing any errors.
QuickBooks Proficiency: I got a solid hands-on experience
with QuickBooks. I learned how to manage invoices, perform
reconciliations, and create reports, all of which deepened my
confidence with the software.

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Data Entry Accuracy: I became more precise in data entry,
especially for invoices and expenses, which reduced errors
and kept the financial records clean.
Time Management: Meeting deadlines, especially for
reconciliation tasks, taught me how to balance accuracy with
efficiency.
How many meetings did you attend?
I attended several meetings that helped me stay on track and
deepen my learning:

Meeting(s)

QuickBooks Training Session: This session gave me an
excellent foundation in using QuickBooks, covering
everything from customer profiles to financial reporting.
Weekly Check-Ins with Supervisor: These meetings were
an opportunity to discuss my progress, go over reconciliation
reports, and address any issues I encountered.
What are the difficulties you had this month?
Timing Differences in Bank Reconciliation: Some
transactions, particularly credit card payments, were recorded
before clearing in the bank, requiring additional follow-up.
Navigating QuickBooks Features: Initially, I found it
challenging to locate specific functions and customize reports
to meet the company’s needs.

Difficulty/ Challenge(s)

Handling Invoice Errors: Occasionally encountered
incorrect data on invoices, requiring coordination with the
sales team to correct details like customer information or
service descriptions.
How did you overcome these difficulties?
I addressed these challenges with the following approaches:
Follow-Up on Timing Differences: I worked closely with
the relevant departments, such as sales and cash handling, to

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understand the sources of timing issues and adjusted records
accordingly.
QuickBooks Practice and Resource Use: Spent additional
time practicing in QuickBooks and referred to online guides
and training materials. This additional effort improved my
familiarity with the software’s navigation and customization
options.
Invoice Accuracy Checks: I developed a checklist to review
invoice details before submission, reducing errors and
ensuring that invoices accurately reflected customer
information and pricing.

What did you learn from completing the tasks
Working through these tasks taught me a lot:
Importance of Accurate Financial Records: Reconciling
bank statements highlighted just how crucial it is to keep
financial records accurate, both to prevent errors and to
detect any potential fraud.

Learning

QuickBooks Benefits: Learning QuickBooks showed me
how accounting software can simplify work, give us realtime information, and make our workflows more efficient.
It’s a powerful tool for organizing financial data and making
quick, well-informed decisions.
Effective Communication: Collaborating with other
departments to resolve discrepancies reminded me of the
importance of clear and timely communication, especially in
accounting roles.
What did you want to learn more?
I am interested in learning:
Tax Preparation and Compliance: Assisting with preparing

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tax documents and ensuring compliance with tax laws.
Financial Reporting: I’m interested in learning how to
prepare and present core financial statements, like income
statements, balance sheets, and cash flow statements.

College of Administration and Finance Sciences

Form Number 3 – PERIODIC REPORT
Internship Student Report | Month #?
Start Date: 11___/__12_/_2024__
End Date: _1__/_2__/_2025__
(Report Components)

Task(s)

New skill(s)

Meeting(s)

Difficulty/ Challenge(s)

Learning

What are the activities and tasks given to you during this
month?
This month, I learned the principles and calculations of
Zakat, including identifying Zakatable assets, liabilities, and
determining the Nisab threshold. I also assisted in preparing
Zakat reports, ensuring compliance with Islamic financial
principles, and updating relevant records.
What skills did you learn through the month?
Technical skills: I learned how to calculate Zakat accurately
for individuals and businesses and gained insight into Islamic
finance principles.
Analytical skills: I developed the ability to analyze financial
statements to identify Zakatable items.
How many meetings did you attend?
I attended three meetings this month, which included team
briefings, and a training session on Islamic finance and Zakat
compliance.
What are the difficulties you had this month?
Initially, I struggled with understanding the complexity of
Zakatable assets and how different financial scenarios impact
the calculation, such as mixed sources of income or
investments in various asset types.
How did you overcome these difficulties?
Seeking Guidance: I consulted with senior colleagues and
asked specific questions to clarify areas of confusion, such as
determining the Nisab for varying asset types.
Using Tools: I utilized Zakat calculation tools and templates
provided by the team, which helped streamline the process
and reduce errors.
What did you learn from completing the tasks

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I learned how to accurately calculate Zakat for various
financial scenarios and gained a deeper understanding of
Islamic finance principles. Additionally, I improved my
analytical and problem-solving skills while ensuring
compliance with Zakat regulations.
What did you want to learn more?
I want to learn more about auditing, including how to
evaluate financial records, ensure compliance, and identify
areas for improvement. Gaining hands-on experience in
auditing will enhance my skills and prepare me for advanced
responsibilities.

College of Administration and Finance Sciences

Form Number 2 – PERIODIC REPORT
Internship Student Report | Month #?
Start Date: __11_/_11__/_2024__
End Date: __10_/__12_/__2024_
(Report Components)

Task(s)

New skill(s)

Meeting(s)

Difficulty/ Challenge(s)

What are the activities and tasks given to you during this
month?
During this month, my main activities included:
• Preparing core financial statements: income
statements, balance sheets, and cash flow statements.
• Learning to use financial reporting tools and software
to organize and analyze financial data.
• Reviewing past financial statements to understand
real-world applications.
What skills did you learn through the month?
This month, I developed several key skills:
• Technical Accounting Skills: Understanding the
structure and components of financial statements.
• Software Proficiency: Using tools such as Excel and
QuickBooks for accurate and efficient reporting.
• Problem-Solving: Analyzing and resolving
discrepancies in financial data.
How many meetings did you attend?
I attended approximately 3 meetings this month. These
meetings included:
• Training sessions on financial reporting tools and best
practices.
• Review meetings to discuss the accuracy and
presentation of financial statements.
• Feedback sessions where the supervisor provided
insights into my work and offered suggestions for
improvement.
What are the difficulties you had this month?

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Some challenges I faced include:
• Understanding complex transactions and how they
should be reflected in financial statements.
• Learning to comply with detailed accounting
standards IFRS.
How did you overcome these difficulties?
• Consulted my supervisor whenever I had doubts or
needed clarification.
• Reviewed training materials, previous financial
reports, and online resources to better understand
standards and best practices.
• Practiced using the software regularly, which
improved my efficiency and confidence over time.

Learning

What did you learn from completing the tasks
Completing these tasks taught me:
• The importance of accuracy and attention to detail in
financial reporting.
• How to prepare financial statements in a structured
and professional manner.
• The value of providing clear notes to the financial
statements to ensure transparency.
• Practical applications of the accounting principles I
studied in my coursework.
What did you want to learn more?
• Interest in learning about Zakat in Saudi Arabia.
• Focus on the regulatory frameworks for Zakat
collection, calculation, and distribution managed by
ZATCA.
• Exploration of how Zakat accounting aligns with
international financial reporting standards (IFRS).

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