### Internship Report
**Internship at Seaberry Tecsolution Pvt. Ltd.**
**Duration: 1st July 2024 - 15th August 2024**
**Intern Name: Abhinav Sharma**
**Roll No.: CUHP23MBA022**
**MBA in Finance, Central University of Himachal Pradesh**
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### 1. Acknowledgement
I would like to express my sincere gratitude to **Seaberry Tecsolution Pvt. Ltd.** for giving me the
opportunity to intern with them. I am immensely thankful to my mentors and the finance
department team for their guidance and support throughout the internship. I would also like to
thank my faculty mentors from **CUHP** for their consistent advice and encouragement.
---
### 2. Executive Summary
This report documents my experiences during the 45-day internship at Seaberry Tecsolution Pvt.
Ltd., where I was part of the **Finance and Accounts Department**. The internship was focused on
understanding the company’s financial processes, learning about various accounting practices, and
gaining hands-on experience in financial analysis and decision-making.
The internship provided me with a comprehensive understanding of corporate finance, accounting
processes, and financial reporting, and allowed me to enhance my analytical skills. During the
internship, I was involved in tasks such as ledger maintenance, financial statement analysis, and
assisting in budget preparation.
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### 3. Introduction to the Organization
**Seaberry Tecsolution Pvt. Ltd.** is a technology-driven company that provides IT services and
business solutions to a variety of clients across different industries. The company specializes in
software development, IT consulting, and system integration. Its finance department plays a crucial
role in managing the organization's financial resources efficiently.
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### 4. Objectives of the Internship
The primary objectives of the internship were:
- To gain practical experience in finance and accounting functions.
- To understand the day-to-day operations of a corporate finance department.
- To apply theoretical knowledge from MBA courses in real-world scenarios.
- To enhance analytical and financial decision-making skills.
- To learn about financial reporting, budgeting, and audit processes.
---
### 5. Roles and Responsibilities
During my internship, I was assigned various roles and responsibilities, including:
#### 5.1. Ledger Maintenance
- Regular updating and maintenance of the general ledger.
- Recording of daily financial transactions, including payments, receipts, and journal entries.
- Ensuring the accuracy of data entered in the system.
#### 5.2. Financial Statement Analysis
- Assisting in the preparation and analysis of the **Profit and Loss (P&L) Statement**, **Balance
Sheet**, and **Cash Flow Statement**.
- Analyzing trends in revenue, expenses, and profit margins to provide insights into business
performance.
- Preparing financial summaries for management review.
#### 5.3. Budgeting and Forecasting
- Collaborating with senior finance personnel in preparing the company’s budget for the next
quarter.
- Analyzing past financial data to help forecast future revenues and expenses.
- Assisting in the development of financial models to project future cash flows.
#### 5.4. Audit Preparation
- Assisting in the collection and verification of documents for the internal audit.
- Ensuring compliance with standard accounting policies and procedures.
- Supporting the audit team with data and reports required for the audit process.
#### 5.5. Financial Decision Support
- Preparing financial reports and analysis to assist management in making informed decisions.
- Evaluating the financial impact of business strategies and initiatives.
- Conducting a risk assessment of financial decisions.
---
### 6. Projects Undertaken
#### 6.1. Project: Cash Flow Management
One of the primary projects I was involved in was **Cash Flow Management**. The objective was to
ensure the company had adequate liquidity to meet its operational needs. I assisted in:
- Monitoring daily cash inflows and outflows.
- Analyzing cash flow trends over previous months.
- Developing strategies to improve cash flow management, such as optimizing the payment cycle.
#### 6.2. Project: Financial Data Analysis
This project involved analyzing the company’s historical financial data to assess the impact of market
trends on the organization’s financial health. My role included:
- Collecting data from previous financial statements.
- Conducting ratio analysis to evaluate liquidity, profitability, and solvency.
- Presenting key findings to the finance team to support strategic planning.
---
### 7. Skills and Knowledge Gained
During the internship, I acquired several technical and professional skills:
#### 7.1. Technical Skills
- **Financial Analysis**: Gained hands-on experience in financial statement analysis, ratio analysis,
and budgeting.
- **Accounting Software**: Worked with industry-standard accounting software to maintain ledgers
and generate financial reports.
- **Excel Proficiency**: Improved my proficiency in Excel, particularly in using advanced formulas for
financial calculations and data analysis.
#### 7.2. Professional Skills
- **Analytical Thinking**: The internship enhanced my ability to analyze complex financial data and
derive actionable insights.
- **Communication Skills**: Improved my ability to communicate financial information effectively to
both finance and non-finance personnel.
- **Time Management**: Successfully managed multiple projects and tasks within tight deadlines.
---
### 8. Challenges Faced
While the internship was a rewarding experience, I encountered a few challenges, such as:
- **Understanding Complex Financial Models**: Some financial models were challenging to
comprehend initially, but with the guidance of my mentors, I was able to grasp their functioning and
importance.
- **Time Management**: Balancing multiple tasks such as report preparation, data entry, and
analysis required efficient time management, which I was able to improve over time.
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### 9. Conclusion
The internship at Seaberry Tecsolution Pvt. Ltd. was a valuable learning experience. It allowed me to
apply my academic knowledge in a practical setting, gain new skills, and deepen my understanding
of finance and accounting processes. The internship also gave me a clearer perspective on my career
path in the field of finance. I am confident that the experience and knowledge I have gained during
this internship will prove invaluable in my future endeavors.
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### 10. Recommendations
Based on my experience, I would like to provide the following recommendations:
- **Structured Training Program**: It would be beneficial for the company to implement a more
structured training program for interns to provide a better understanding of their responsibilities
early on.
- **Regular Feedback**: Having regular feedback sessions with supervisors would help interns
improve and learn more efficiently.
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### 11. Appendix
#### 11.1. Financial Reports and Summaries
- Profit and Loss Statements
- Balance Sheets
- Cash Flow Statements
#### 11.2. Tools and Software Used
- Tally ERP
- Microsoft Excel
- SAP (for financial data analysis)
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This report is a reflection of my 45-day internship experience at Seaberry Tecsolution Pvt. Ltd. and
showcases the learning, responsibilities, and skills I acquired during my time there.
