ACCT-430 Internship report

Academic Report Guideline (Co-op) The font size is 12, Times New Roman, justified, 1.5 space. Main headings use font size of 16 and bold. 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 This section should answer the following questions: What is the full title of the company/institution? Four Points by Sheraton Jeddah Corniche Hotel (Marriott) Give a brief history of the company, full mailing address and relevant weblinks? https://www.marriott.com/en-us/hotels/jedfo-four-points-jeddah-corniche/overview/ What is the type of ownership of the company/institution? The Hotel owned by Almurjan Group and the management by Marriott. State the main shareholders and their shares. What is the sector that the company/institution operates in? is a hospitality service provider that operates hotels and restaurants. It operates, franchises, and licenses hotels, residential and timeshare properties under several luxury, premium, and select brand names. Specify the products and services produced and offered to its customers/clients. You can find it in the weblink. Who are regarded as the customers/clients of your internship company (consider the end users, retailers, other manufacturers, employees,etc.)? I will add it. Provide an organization chart of the company, along with information on the number of employees. I will add it. Provide a list of functions performed by different departments/divisions in the internship organization. Finance, HR, Property and maintenance, Housekeeping, laundry, sales and marketing, reservations, front office, it, security, kitchen, stewarding, lobby lounge, room services, general administration departments. 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 ( Accounting ). • What kind accounting standards and principles are used in the organization? Generally accepted accounting principles, or GAAP. And please do your research. • Discuss telecommunication technologies (Database, Instant Messenger, Networking, Ecommerce tools) used in the company. • Describe the quality planning and control activities in the Hotel. • 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 Hotel? Income statement, Balance sheet and the statement of Cash Flow. • What types of marketing, selling, and human resources analysis are performed (cost system, evaluation of consumers, needs, product strategy, distribution strategy, promotional strategy)? Marketing by social media, Marriott BONVOY and the reputation. HR they used OASYS program to collect data and evaluate the employee and MGS as per the police for Marriott. 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. I trained in Finance Department, my supervisor Her name is Abeer al Ghamdi ( Asisst Credit Manager). The team member Director of Finance, Account payable supervisor, Income Audit, Account receivable, General Cashier. • 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. Sub-divisions Purchasing department: Purchasing manager and receivable clerk. • Detailed descriptions about all tasks and activities that the trainee did them during her/his training period. – – – – Prepare the monthly owner report that include the month closing reports, Owner Consolidated profit and loss statement, Non-Operating Expenses like Owner Expenses, Gross Operating Profit, Sales Cost, Balance Sheet, Cash Flow, A/R Aging ledger summary, and Payroll. Prepare and send to the area Director of Finance the three months periodic report that include departments profit, management fees and EBITDA. Every month attending two meetings, the first one Profit and Loss for March meeting with all departments, and the second one Credit meeting with sales department. Profit and Loss meeting, and the director of finance share the P&L statement with all heads of department to discuss the revenue and expenses. Prepare final settlement for three workers. Using the OASYS system to calculate wages and deductions, generate salary registers, critical change reports, salary variance reports, and salary audit reports for DOF, DOHR, and the general manager. During monthly closings, I provide reports to the DOF, reconciliation advances, reconciliation of unclaimed wages, and benefit/prepaid accrual accounts. – Assisted with Income Audit by creating hotel discounts policy and daily packets for rebates, payouts, credit limit, and rate variance reports. • 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? celebrating the international women’s day. 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. ( I will Add it)

ACCT-430 Internship report

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