Internship Report on Accounting - Essay Example

My objective was to achieve ‘self-acquaintance’ in the application of financial accounting knowledge in the job market. This included developing competence in collecting, recording, categorizing and analyzing an organization’s financial information for communication to relevant stakeholders to aid informed ‘decision-making’. I completed my objective through active involvement in the organization’s accounting department where I assisted in making journal entries, transferring the information into ledger accounts, preparing financial statements, and analyzing the organization’s financial position. I also achieved my objective by being disciplined in the accounting department and allowing myself to be professionally influenced by the employees (Kumar, p. 69- 72).

I developed a variety of skills in accountancy. I gained proficiency in completing books of accounts, preparing financial statements and communication skills. I also developed positive interpersonal relationship traits as facilitated by the organization's ethical culture that is entrenched in the internal code of ethics provisions (Kumar, p. 69- 72).

The organization derived many benefits from the pursuit of my objective. It received an additional workforce that relieved some of its accountants of some duties. As a result, the relieved personnel specialized in analytical review of the organization’s performance for efficiency (Kumar, p. 69- 72).

My second learning objective during the internship was to develop an understanding of the scope of marketing and its environment.

I was able to complete the objective through adequate exposure to the marketing environment and techniques.

My objective was to gain expertise in the application of marketing techniques for a ‘high-level’ competence. This included developing competence in “product, place, price, and promotion” aspects and the ability to manage environmental factors such as “political and legal, economic, cultural, social and natural environment” (McKinlay and O’Connor, p. 29). I similarly completed my objective through active involvement in the organization's marketing activities by working closely with marketing agents by attending to their needs and accompanying them in their assignments. My level of commitment to and dependence on the experts, therefore, facilitated the achievement of my objective (McKinlay and O’Connor, p. 29).

Through my involvement with the marketing department, I was able to develop analytical skills on the essentials of effective marketing. I for example developed the capacity to regress consumers’ perceived value of a product, based on the market’s environmental factors, and price for effective pricing and marketing (McKinlay and O’Connor, p. 29).

The organization benefited from additional personnel force to its team which was significantly overwhelmed. It also derived economic benefits from my services that were not rewarded at the same rate as the employees. This is because its understaffing required additional staffing that could have been done at a higher cost to make my input to the organization (McKinlay and O’Connor, p. 29).