GIFT UNIVERSITY

WEEKLY INTERNSHIP REPORT SUMMER 2012 SESSION

Instructions:
1. Every internee must complete and submit this report to the concerned internship supervisor on the Saturday or Sunday of every week. 2. The completed report can either be emailed to the supervisor or submitted in hard copy. 3. Incomplete weekly reports or those submitted after the due date will not be accepted

Date:
Report No. 06 Name
SYED IMRAN HAIDER KAZMI SIALKOT DRY PORT TRUST MR. USMAN NAEEM TAHIR MEHMOOD

21/09/12

Period Covered From 14/09/12 To 20/09/12 Reg. No. 10123027

Organization

Internship Supervisor Site Supervisor

Activities Undertaken
Date
14-09-12

Deptt.
Finance Deptt.

Activities
Whole day we made the adjustments of receipts and payments by using the documents of receipts and payments of different offices of Lahore, Karachi and Islamabad. Mr. Rizwan guided us in details where we got any problem. We made the adjustments of receipts and payments whole day again. We also saw some other documents where these receipts and payments are recorded in order to calculate the final income and expenses. OFF We were briefly guided about the whole process of their financial analysis that day. We also saw different documents and reports like income statements and balance sheets and tried to understand those. This whole day we spent in finance department to understand that how to maintain the record of banks. We also tried to understand their bank reconciliation statement by the help of Mr. Asim.

15-09-12

Finance Deptt. SUNDAY Finance Deptt. Finance Deptt.

16-09-12 17-09-12

18-09-12

19-09-12

Finance Deptt.

20-09-12

Finance Deptt.

This day we verified the record of banks by verification the amount of different bank transactions. We also checked and tallied the amounts in different vouchers related to imports and exports. We maintained the manual records of some activities of Dry Port. Mr. Zahoor Ilahi guided us how to maintain the manual record of import and export activities. We also visit the store room where we saw that whole store room was full with different files containing manual records and we observed how each file is placed on its unique position.

Accomplishments1
This whole week we spent in finance department and learned that how they maintain the records of different activities of import and export by practically verifying the record. Also learned that what the source of income of Dry Port is, how they calculate their final profits and how are they are linked with other offices financially.

Challenges2
This whole week was challenge for us. Because its a very complicated process to maintain the records of different offices. Also the head of department told us that we need minimum 1 year continuously to get expertise in this department. Actually they just gave us the overview of this department.

Learning Outcomes3
We learned the process of finance department. We learned that how they maintain the records of different transactions. Also learned that how they linked with other branches of Dry Port financially and how they share and record their financial information.

Guidelines:
1. Write your major accomplishments during the week 2. Challenges you faced and how did you handle them 3. Lessons learnt and skills acquired during this week