REPORT ON INTERNSHIP UNDERGONE AT

MANICKS MANAGEMENT CONSULTING

(CHARTERED ACCOUNTANTS)
FROM 18TH MAY 2024 - 04TH JUNE 2024
SUBMITTED IN PARTIAL FULFILMENT FOR THE AWARD OF DEGREE OF
MASTER OF COMMERCE
(BUSINESS FINANCE)
BY
JONES DAVID. J
REG NO: 23351039
UNDER THE GUIDANCE OF
DR.D. LAZAR
FACULTY ADVISOR

DEPARTMENT OF COMMERCE
PONDICHERRY UNIVERSITY
KALAPET, PONDICHERRY
 TABLE OF CONTENTS

CHAPTERS CONTENT PAGE NO

DECLARATION 2
ACKNOWLEDGEMENT 3
1 INTRODUCTION 4
2 PROFILE OF THE ORGANISATION 10
3 DAILY REPORT 12
4 INTERNSHIP EXPERIENCE 36

5 CONCLUSION 38

1
 DECLARATION

I JONES DAVID. J, do hereby declare that this internship report is the result of
original work done by me at Manicks Management Consulting. in particular
fulfilment for the award for the degree of Master of Commerce specialization in
Business Finance, Pondicherry University under the guidance of Dr. D. LAZAR,
Faculty advisor, Department of Commerce.

2
 ACKNOWLEDGEMENT

I would like to express my deepest gratitude and appreciation to Manicks

Management Consulting for providing me with the invaluable opportunity to intern
at your esteemed Chartered Accountancy firm. I am truly honoured to have been
selected to be a part of your team and contribute to your organization's success.
During my internship at Manicks Management Consulting, I have had the privilege
of working alongside a team of highly skilled professionals who have generously
shared their knowledge and expertise with me. The guidance and mentorship I
received from everyone at the firm have been instrumental in enhancing my
understanding of the accounting industry.
I would like to express my deepest gratitude to Dr.D. LAZAR, faculty advisor for
giving me this opportunity to do this internship and providing all the valuable
guidance and support that I required to complete my internship.

JONES DAVID. J
REG.NO: 23351039
MCOM (BF)

3
 CHAPTER -1

INTRODUCTION

4
Meaning of internship

This report presents a comprehensive overview of my internship experience at

Manicks Management Consulting. From 18/05/2024 to 04/06/2024, I had the
opportunity to immerse myself in the dynamic world of accounting and finance,
gaining valuable insights into the practical applications of theoretical concepts
learned in academic settings. The primary objective of this internship was to
enhance my understanding of the roles and responsibilities of chartered accountants
in a professional environment and to observe how the firm operates to provide
financial advisory and auditing services to its diverse clientele.

Throughout the internship, I actively participated in various departments, observed

day-to-day operations, and engaged in tasks ranging from financial analysis and tax
compliance to audit procedures. This report aims to outline the firm's organizational
structure, shed light on the tasks I undertook, and provide a reflection on the
learning experiences and challenges I encountered at the firm. By combining
theoretical knowledge with practical exposure, this internship has significantly
contributed to my professional growth and provided me with insights that will
undoubtedly shape my future career path in the field of chartered accountancy."

This internship report provides an in-depth account of my internship experience at

Manicks Management Consulting, a renowned Chartered Accountancy (CA) firm.
During my tenure at Manicks Management Consulting, I had the privilege of
working alongside accomplished professionals, gaining practical exposure to the
intricacies of accounting, auditing, taxation, and financial advisory services.
In this report, I aim to present a comprehensive overview of my internship journey
at Manicks Management Consulting, delving into the firm's organizational
structure, work culture, and the range of services it offers to clients. Through a
combination of hands-on projects, collaborative teamwork, and mentorship, this
internship has been a transformative experience in shaping my understanding of the
CA profession.

5
OBJECTIVE OF STUDY

 Practical skill development

 To learn more than the theoretical knowledge.
 To improve communication skill
 Problem solving and critical thinking
 Contribution to organizational goals
 Professional development
 Learning from mentors and colleagues
 Personal growth and self-reflection
 To learn book keeping practices of different companies.
 To promote my personal knowledge and professional preparation for
future

6
IMPORTANCE

Industry Insights: CA firms deal with a wide range of clients from various
industries. This exposure can provide insights into different sectors, business
operations, and financial practices.

Resume Building: Interning at a reputable CA firm adds credibility to your resume,

making you a more attractive candidate to potential employers in the future.

Certification Support: Many CA firms offer guidance and support for the
Chartered Accountant certification process, including helping you prepare for
exams and meet the practical experience requirements.

Networking: Building relationships with professionals in the firm can expand your
professional network, potentially leading to mentorship, job referrals, or future
collaboration.

Hands-On Experience: Interning at a CA firm allows you to apply theoretical

knowledge gained in your studies to real-world scenarios, enhancing your practical
skills and confidence.

Exposure to Clients: You'll have the opportunity to interact with clients,

understand their financial needs, and contribute to solving their accounting and
financial challenges.

Career Direction: Working in a CA firm exposes you to different roles within the
accounting and finance field, helping you discover your strengths and interests for
your future career path.

Staying Updated: The accounting and finance industry is constantly evolving due
to regulatory changes and technological advancements. A CA firm can help you
stay updated on these changes, giving you a competitive edge.

7
Personal Growth: Overcoming challenges and adapting to a professional
environment during your internship can contribute to your personal growth and
development.

8
WHY I CHOOSE THIS FIRM

Selecting a CA firm for your internship can provide valuable hands-on experience,
exposure to real-world accounting practices, and an opportunity to learn from
seasoned professionals. It can also enhance your networking opportunities within
the industry and potentially lead to future job prospects.

9
 CHAPTER-2

PROFILE OF THE ORGANISATION

10
 PROFILE OF THE COMPANY

Manickam Chartered Accountant in Bharathi Nagar, Pondicherry

Manickam Chartered Accountant listed under Tutorials in Bharathi Nagar,
Pondicherry
Manicham Chartered Accountant in Bharathi Nagar, Pondicherry is a reliable name
in the industry as they aim to deliver the best experience to their customers. This
has helped them build up a loyal customer base. They started their journey and ever
since they have ensured that the customer remains at the centre of their business
operations and philosophy. As they are located in a favourable neighbourhood
exactly at Door NO.13 1ST Floor, Bharathi Nagar, Karuvadikuppam, Puducherry
605008 , it is easy to locate Manickam Chartered Accountant on the map. For any
kind of assistance or questions, it is best to contact them directly during their
business hours.
They have received a 43 rating from their customers. To make the transactional
experience hassle-free for customers, they accept multiple modes of payment such
as Cash, Cheques. The best time to contact them is anytime between 9:00-18:00.

11
 CHAPTER-3

INTERNSHIP DAILY REPORT

12
 INTERNSHIP DAILY LOG

DAY 01- 18/05/2023

On the first day of my 15-day internship at Manicks Management Consulting, I

was assigned to participate in an internal audit which provided me with practical
exposure to auditing processes and allowed me to apply theoretical knowledge in a
real-world setting.
CLIENT VISITED: Naveen Traders
OBJECTIVE: The primary objective of the audit was to verify the accuracy and
compliance of purchase invoices with the applicable regulations and internal
policies
TASK PERFORMED:

1. Cross-Checking Purchase Invoices:

 Bill Amount: Ensured invoice amounts matched recorded amounts.

 Date: Checked invoice dates for accuracy.
 GST Number: Verified GST numbers for correctness.
 E-way Bill: Confirmed presence and validity for transactions over
₹50,000.

2. Bank Statement Verification:

 Matched payments with purchase invoices.

13
DAY 2- 20/05/2023

On the second day of the internship, I was tasked with analysing client Mr. Sugan’s
bank statement to categorise transactions for income tax computation. It involves
reviewing and classifying bank transactions into specific categories to streamline
financial analysis and tax preparation.
TASK PERFORMED:

1. Categorizing Deposits:

 Credit: Identified and listed all credit deposits.

 Cash: Segregated cash deposits.
 Interest: Cataloged interest earnings.
 Frequent Head Accounts: Created separate accounts for frequent
transactions.

2. Excel Spreadsheet Preparation:

 Organized the bank statement data into distinct categories.
 Ensured accurate classification to facilitate income tax computation.

14
DAY 03-21/05/2023

On the third day of my 15-day internship, I was introduced to the Tally software,
specifically focusing on the different types of vouchers and essential shortcuts. I
also applied this knowledge by recording transactions for Ramachandran Gas's loan
account.

TASK PERFORMED:

1. Opening an Existing Company in Tally:

 Learned the process of accessing and managing existing company

records within Tally.
 Navigated through company profiles to understand the structure and
key financial details.

2. Understanding Loan Accounts:

 Gained insights into the management of loan accounts within Tally.

 Studied the recording and tracking of loan transactions, including
interest calculations and repayments.

3. Types of Vouchers in Tally:

 Journal Voucher (F7): Used for non-cash transactions and adjusting

entries.
 Receipt Voucher (F6): Recorded all incoming payments.
 Payment Voucher (F5): Documented all outgoing payments.
 Purchase Voucher (F9): Logged all purchase transactions.
 Sales Voucher (F8): Recorded all sales transactions.
 Additional Vouchers: Learned about other specific vouchers used in
various financial transactions.

4. Shortcuts in Tally:

 F7: Journal
 F6: Receipt
 F5: Payment
 F9: Purchase

15
  F8: Sales
 Alt+A: Save
 Esc: Return to the previous page
 Alt+2: Repeat the transaction

5. Recording Transactions for Ramachandran Gas's Loan Account:

 Entered and verified transactions related to the loan account of

Ramachandran Gas.
 Ensured accuracy and consistency in recording each transaction.

16
DAY 04-22/05/2024

On the fourth day of my 15-day internship, I attended a comprehensive lecture on

GST returns and accounting records delivered by the GST team head.
Additionally, I prepared an Excel sheet analysing client Mr. Prashant’s bank
statement of 3 different to categorise transactions for income tax computation.

TASK PERFORMED:

 GST LECTURE:

1. GST Returns:

 GSTR-1: Preparing and filing GSTR-1 returns, including reporting

outward supplies, inward supplies, and tax payments.
 GSTR-2A: Understanding and utilizing GSTR-2A to view and
download inward supplies and tax credits.
 GSTR-2B: Utilizing GSTR-2B for viewing and downloading inward
supplies and tax credits, and reconciling with GSTR-2A.
 GSTR-3B: Preparing and filing GSTR-3B returns, including reporting
outward supplies, inward supplies, tax payments, and refund claims.

2. Sales Register:

 Maintaining an accurate sales register to record all sales transactions,

including invoicing, billing, and tax calculations.

3. Purchase Register:

 Keeping a detailed purchase register to record all purchase

transactions, including invoicing, billing, and tax calculations.

4. Journal Register:

 Understanding the importance of a journal register in recording and

posting financial transactions, including debit and credit entries.

17
 5. Composition Schemes:

 Understanding the composition schemes and their implications on GST

returns.

6. Reverse Charge Mechanisms:

 Understanding the reverse charge mechanisms and their implications

on GST returns.

7. Transaction Flow and Due Dates:

 Learning the flow of transactions across various GSTR forms and the
importance of adhering to due dates.

 BANK STATEMENT IN EXCEL SPREADSHEET

1.Categorizing Deposits:

 Credit: Identified and listed all credit deposits.

 Cash: Segregated cash deposits.
 Interest: Cataloged interest earnings.
 Frequent Head Accounts: Created separate accounts for frequent
transactions.

2.Excel Spreadsheet Preparation:

 Organized the bank statement data into distinct categories.

 Ensured accurate classification to facilitate income tax computation.

18
DAY 05-23/05/2024

On the fifth day of my internship, I learned to perform voucher entries using Tally
Prime for BAKYALAKSHMI LTD for the financial year 2023-24

TASK PERFORMED:

1. Opened Tally Prime:

 Navigated to Data 1 > BAKYALAKSHMI LTD 2023-24 > Vouchers > Purchase (F9).

2. Entered Purchase Voucher Details:

 Entered the purchase voucher number.

 Set the date using the F2 button.
 Selected the Party A/c Name and Purchase account with GST percentage.
 Entered the taxable amount, CGST, and SGST percentages; amounts auto-
generated.

3. Verified and Saved Vouchers:

 Ensured the total amount matched the purchase voucher.

 Saved the entry by pressing Ctrl + A.
 Repeated the process for remaining vouchers.

19
DAY 06-24/05/2024

On the sixth day of my internship, I was assigned by the IT team to compute the
income tax liability for three clients: Mr. Sugan, Mr. Prashanth, and Mr. Murugan

TASK PERFORMED:

1. Reviewed Client Financial Information:

 Collected and reviewed the financial documents and income details for
Mr. Sugan, Mr. Prashanth, and Mr. Murugan.

2. Computed Income Tax Liability:

 Reviewed income from all sources including salary, business, and other
income.
 Applied appropriate tax slabs and considered deductions under the Income
Tax Act.
 Considered deductions and exemptions under sections like 80C, 80D, etc.
 Calculated the net tax liability after accounting for TDS and advance tax
paid.

3. Prepared Tax Computation Sheets:

 Created detailed tax computation sheets for each client, outlining

income sources, applicable deductions, and final tax liability.

4. Verified Calculations:

 Double-checked all entries and calculations for accuracy.

 Ensured compliance with the latest tax laws and
regulations.

20
Day 07-25/05/2024

On the seventh day of my internship, I was tasked with exporting the bank
statement and balance sheet from Tally to Excel, cross-checking them, and
highlighting any discrepancies.

TASK PERFORMED:

1. Exported Bank Statement and Balance Sheet:

 Opened Tally and navigated to the relevant company data.

 Exported the bank statement and balance sheet to Excel using Tally’s
export function.

2. Cross-Checked Transactions:

 Imported the exported Excel files.

 Carefully compared the transactions listed in the bank statement with
those in the balance sheet.

3. Identified and Highlighted Discrepancies:

 Identified transactions that did not match between the bank statement
and the balance sheet.
 Highlighted these discrepancies for further review and correction.

21
DAY 08-27/05/2024

On the eighth day of my internship, I was tasked with reviewing GST records for 10
companies. This involved understanding their purchase lists, sales lists, vouchers,
and the computation of GSTR-1 and GSTR-3B, Input Tax Credit (ITC), and GST
payable.

TASK PERFORMED:

1. Reviewed GST Records:

o Examined the GST records for 10 companies, which included:
 Purchase lists
 Sales lists
 Vouchers
 Computation of GSTR-1 and GSTR-3B
 ITC calculations
 GST payable amounts

2. Understanding the Workings:

o Analyzed the methodology and calculations involved in preparing the
GST records.
o Gained insights into the process of filing GSTR-1 and GSTR-3B
returns.

3. Clarified Doubts:
o Consulted with the GST team to clarify any doubts or questions
regarding the workings and computations.
o Received explanations on complex aspects of GST filings and
compliance.

4. Identified and Reported an Error:

o Discovered an error in the GST workings for one of the companies,
Natural Eco.
o Reported the error to the GST team, which was then promptly
rectified.

22
DAY 09-28/05/2024

On the ninth day of my internship, I was involved in updating employee attendance

records, reviewing the Sundry Debtors ledger, and verifying financial data between
Tally and Excel.

TASK PERFORMED:

1. Updated Employee Attendance Records:

 Accessed the Tally software.

 Updated employee attendance records, ensuring all information was
accurate and current.

2. Reviewed Sundry Debtors Ledger:

 Examined the Sundry Debtors ledger in Tally.

 Verified the outstanding balances and checked for any discrepancies.
 Ensured the accuracy of the ledger entries.

3. Compared Tally Entries with Excel:

 Exported relevant financial data from Tally.

 Compared the Tally entries with corresponding entries in Excel.
 Ensured that all financial data matched accurately between the two
platforms.

23
DAY 10-29/05/2024

On the tenth day of the internship learned how to apply for pan card through online

Process

1.open income tax site. ( www.incometax.gov.in )

2. click on the home page

3. select instant e-pan

4. click on Get new e-pan

5. enter the Aadhar number>continue

6. an OTP is sent to the mobile number which is linked with the

Aadhar card

7. click ok

8. click on check status /download pan

9. enter Aadhar number >continue

Another method to apply for pan card online is via the UTIISL website

Step1; fill out the pan card application available on the UTTIISL website

Step 2; pay the application fee on successful payment, and the acknowledgment
will be displayed. It will also be sent to your email id

24
Step3; send the documents to the UTIISL Office by courier within 15 days of
online submission of form 49A

DOCUMENTS REQUIRED

• Identity proof

• Address proof

• Date of birth proof

• Registration certificate in case of companies, firms, HUF, and association of

persons

25
Day 11-30/05/2024

On the tenth day of my internship, I focused on entering the taxable amounts for
advance tax workings in Excel, referencing GSTR-3B for accuracy, and verifying
the opening outstanding balances of companies.

TASK PERFORMED:

1. Entered Taxable Amount in Advance Tax Workings:

 Utilized Excel to calculate advance tax.

 Entered the taxable amounts, ensuring precise and accurate
calculations.
 Referenced GSTR-3B to ensure compliance with tax regulations and
accuracy.

2. Verified Opening Outstanding Balances:

 Conducted thorough checks on the opening outstanding balances of

companies.
 Ensured financial records were up-to-date.
 Identified and resolved any discrepancies found during the verification
process.

26
DAY 12-31/05/2024

On the twelfth day of my internship, I focused on downloading various GST returns

from the GST portal and preparing reconciliation statements in Excel and learning
about the GST registration process.

TASK PERFORMED:

1. Downloaded GST Returns:

 Accessed the GST portal and downloaded GSTR-1, GSTR-3B, and
GSTR-2 returns.

2. Prepared Reconciliation Statements:

 Created Excel sheets for:

o GSTR-1 vs GSTR-3B reconciliation.
o GSTR-2 vs GSTR-3B reconciliation.
o GSTR-9 workings.
 Ensured that all data matched accurately between the forms to
identify any discrepancies.

3. Learned GST Registration Process:

 One of my colleagues demonstrated the online GST registration

process.

27
  Discussed the documents required for GST registration, which
include:
o PAN card
o Email ID
o Mobile number
o Passport size photo
o Rent agreement copy (if the building is rented)
o Tax receipt (if the building is owned)

1. www.gst.gov.in
2. Service > Registration> New Registration
3. Click New Registration >Fill Each Question Carefully >Type Captcha
Proceed
I am a – Taxpayer
State/UT- Business State
District – Business District
Legal Name of Business- PAN Name of Proprietor

PAN No- ABCDE1234X Email ID- Mobile No-

Verify OTP > Enter Mobile OTP and Email OTP>Proceed

5. Note down the Temporary Reference Number (TRN)>Proceed

6. Enter TRN in the prescribed area>Type captcha> Proceed

7. Verify OTP >Enter OTP> Proceed

28
8. Dash Board> My Saved Application > Click action button >
Enter details of

Business-like name and place etc.> Save and Continue

9. Promoter/Partners> Give personal information of proprietor and Upload

photo Save and Continue
10. Authorized signatory > Enter Details of the Signatory like his Name,
PAN, etc. Save and Continue
11. Principal place of business>enter details of main office place of business
>select nature of possession and upload the relevant document (rental
agreement/tax receipt)>save and continue
12.goods and service > add service or goods using name or code >save and
continue
13. State-specific information >enter professional tax employee code, no, tax
registration no, state excise license > save and continue
14. check the entered details are right
15.verification>tick the check box>select signatory >enter place >submit
with EVC >Enter OTP

29
DAY 13-01/06/2024

On the thirteenth day of my internship, my tasks included contacting clients

regarding their tax filing due dates, addressing discrepancies in a client's salary
income, and computing advance tax for several clients.

TASK PERFORMED:

1. Client Communication:

 Called a list of clients to inform them about the upcoming tax filing
due dates.
 Requested clients to provide the necessary information for accurate tax
computation.

2. Addressed Salary Income Discrepancy:

 Assisted a client who reported discrepancies in their income from

salary.
 Received the client's pay slip and bank statement.
 Created separate statements using the pay slip and bank statement.
 Identified and corrected the figure causing the error in the salary
statement.

3. Computed Advance Tax:

30
  Calculated advance tax for a list of clients, ensuring accurate and
timely tax payments.
 Used provided financial data to compute the tax liability for each
client.

DAY 14-03/05/2023

On the fourteenth day of my internship at [Company Name], I performed tasks

involving GST portal verification for clients and rectification of financial entries in
Tally Prime for GS Overseas Company.

TASK PERFORMED:

1. GST Portal Verification:

 Received an Excel sheet with a list of client details.

 Logged into each client’s GST portal to check the status of their bank
accounts.
 Identified accounts that were not active, not verified, or closed.
 Investigated the reasons behind the inactive or unverified statuses.
 Provided remarks in the Excel sheet detailing the findings and reasons
for the statuses.

2. Tally Data Rectification for GS Overseas Company:

 Received Tally navigation data and the bank statement for GS

Overseas Company.
 Noticed insufficient data in the provided records.

31
  Contacted the client to request missing vouchers and receipts.
 Recorded the missing entries and rectified irrelevant entries in Tally
Prime.

DAY 15-04/06/2024

On the fifteenth and final day of my internship at [Company Name], I completed

the work for GS Overseas and tackled the accounting issues of Shyam Packages
Company. Shyam Packages had multiple businesses, including one that was
running at a loss and subsequently closed.

TASK PERFORMED:

1. Completion of GS Overseas Work:

 Finalized the rectification of financial entries and ensured accurate

financial records in Tally Prime.

2. Review and Rectification for Shyam Packages:

 Company Background:

 Shyam Packages runs multiple businesses and has three bank

accounts.
 One of the businesses was running at a loss and has been closed.
 The owner, Shyam, has limited accounting knowledge.

 Issues Identified:

32
  Found missing transactions, mismatched transactions, improper
heads, and improper accounting treatment in Tally.
 Notified Shyam about these discrepancies and requested bank
statements and additional financial data.

 Rectification Process:

 Received the necessary documents and data from Shyam.

 Corrected the missing and mismatched transactions in Tally.
 Properly categorized all entries and ensured accurate accounting
treatment.
 Ensured that all financial records were accurate and reliable,
resulting in a correct closing balance.

3. Computed Income Tax Liability for Shyam:

 Calculated the income tax liability for Shyam based on the corrected
financial data.
 Ensured that the tax computation was accurate and compliant with
relevant tax regulations

33
 CHAPTER-4

INTERSHIP EXPERIENCE

34
INTERNSHIP EXPERIENCE

Internships are an important part of any business degree program.

They give us real world experience and knowledge that augments
what you learn in the classroom and provide valuable insight to
the career we want to pursue. Even more importantly, they can
help us build
connections and sometimes even lead to that first job. Many top
companies expect new hires to have internship experience. So, in
some instances, the internship isn’t just a nice to have, it’s a must.
Entry-level positions are increasingly competitive, and without a
strong resume, it’s difficult to find a job after graduation without
some experience. Internships give you that real-world introduction
to business that can complement your degree and can set us apart
from other job candidates. When we highlight them on our
resume, be sure to detail specific projects you completed, the
skills you applied during the internship, and success metrics for
everything that we did. Internships help you meet and work with
professionals you can’t meet in the classroom.
These early career connections can offer career guidance, advice,
introductions, and mentorship. When it comes time to apply for
jobs, they can also act as references. That’s why it’s critical that
during your internship, you develop a reputation as a responsible,
hardworking team member so that your connections feel good
about helping you or vouching for you in the

35
 CHAPTER-5

CONCLUSION

36
CONCLUSION

This Internship has been a very useful experience in which I

learned the functions of the CA firms. However, I do think that
there are some aspects of the Job that I could have done better
and that I need to work on. The two main things that I learned
after my experience in this auditing firm are the importance of
time management and being self-motivated. I have learned some
soft skills such as tally prime, Microsoft, etc., and I am thanking
the organization for granting me permission to proceed with my
internship in their firm. I have gained some personal experiences
other than theoretical knowledge through this internship.

LIMITATION OF INTERNSHIP

 Limited Skill Development: The short duration might

restrict the intern's ability to develop a wide range of
skills and competencies relevant to the field of
accounting and finance.
 Limited Networking Opportunities: Building meaningful
connections and networking within the firm or with
clients may be difficult in such a short time frame.

 Lack of Real-World Experience: The intern may not have

the chance to experience the full cycle of accounting
processes or witness the challenges and problem-
solving required in real-world scenarios.

37
 Incomplete Project Exposure: Complex or ongoing
projects may not be suitable for a 15-day internship,
leading to a lack of exposure to critical projects.

 Limited Mentorship: Time constraints could restrict the

availability of mentors to guide and mentor the intern
effectively.

 Inadequate Learning Curve: Learning and adapting to

the firm's practices, software, and tools might be
rushed due to the short period.

 Difficulty in Understanding Culture: Fully grasping the

firm's work culture and values may be challenging
within such a brief timeframe.

 Limited Exposure to Client Interactions: Building client

communication skills might be difficult with minimal
exposure to client interactions.

 Incomplete Exposure to Software and Tools: The intern

may not have the chance to fully learn and use the
software and tools that are essential for the firm's
operations.

 Missed Exposure to Tax Seasons: Depending on the

timing of the internship, the intern might miss out on
experiencing crucial periods like tax season, audits, or
financial reporting cycles.

 Restricted Understanding of Regulatory Compliance: A

short internship might limit the intern's exposure to

38
 understanding and complying with various accounting
and financial regulations.

 Difficulty in Assessing Fit: Both the intern and the firm

may find it challenging to assess whether there's a good
fit for a longer-term working relationship.

 Limited Depth in Specializations: If the firm specializes

in various areas of accounting, the intern might only
scratch the surface of a few specialties without going
into depth.

It's important to note that while a 15-day internship has

its limitations, it can still provide valuable insights and
experiences that contribute to the intern's overall
understanding of the field and the firm's operations.

39
 ATTENDANCE LOG

NAME : BRINDHA
REG.NO : 23351039
COURSE : M.COM (BUSINESS FINANCE)
DURATION : 18/05/2024 – 04/06/2024

DATE TIME IN TIME OUT

18/05/2024 9 : 30 AM 6 : 00 PM
20/05/2024 9 : 30 AM 6 : 00 PM
21/05/2024 9 : 30 AM 6 : 00 PM
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