Blueprint for Corporate Internship Process 2012

8 Weeks


WEEK 1

Meeting hr, finance, marketing, operations senior people and have a brief
discussion about operations and systems of the company, its locations,
customer base, good about hr policies, future plans etc.. And also request them
to give time as and when required for the purposes of collection of data and
processing the information. Also take their mobile numbers in the first
instance and seek permission to talk to them on mobile so that they may not
feel offensive subsequently and there is no hesitation to the students to contact
them freely. Immediately after the company is finalised student should see the
web site of the company to gather relevant details
Ask these people to help as to how to collect industry data- hr and finance
people may be helpful in this regard
Collect hard copies like annual report and other published data of the
company- hr/ finance department will be helpful in this regard
Surf net and collect relevant information about the industry and company-
concerned associations and chambers like ficci, assocham etc may be useful to
provide such information
Document all discussions and collected information
Request for proper seating arrangement and arrange computer and internet
connection either provided by company or arrange of your own. This
arrangement is important in office because many a times one has enough free
time in the office which can be used to collect data

WEEK 2

Study all collected information and note down significant points which are
relevant for further discussion/ report preparation
Make out a clear plan as to what exactly is the area of training so that energies
are focussed and time is not lost to finalise the goal. Objective of the student
should be clear as to how he/ she has to proceed further to bring concrete
results out of the training so that learning of the student may be fruitful as well
as the organisation may also be benefitted through the contribution of the
student
Aggressive but very polite attitude of the students will bring lot of support
from the management and will be helpful not only in completing the training
successfully but also the company may be prospective employer for the
student
By this week students must be fully prepared to further launch themselves into
the company and chalk out area wise plan to proceed further
Check list should be prepared areawise for
o Study the collected material
o Exploring further information
o Points of discussions
o Person to be contacted with telephone numbers
o Field visits, if any with schedule prepared with the support of hr or
other department as the case may be
o Seek desired appointments for week 3/ 4
o 1
st
meeting with supervisor to apprise full developments and progress
of summer internships and any help/ advice to overcome difficulties
being faced. The students should carry all relevant papers to show
work done/ documents collected particularly those papers which are
relevant for study purposes and for preparation of final report


WEEK 3 AND 4

Meeting people as per appointments
Site visits as planned
Study continued
Report preparation work started particularly the framework of report as
advised, preface to the report, industry analysis and company analysis and
work undertaken/ planned for the summer internship
Raeding financials of the company for 3-4 years and note down important
points necessary for the coverage in the report
2
nd
meeting with the supervisor as per availability of the supervisor as well
as the student. This meeting must be planned by the student at the end of week
4 positively. During this meeting all important parameters of financials of the
company shall be discussed so that the overall framework of inclusion of
financial report may be understood by the students crystal clear and students
may be able to have a grip over the subject
The area of project awarded by the company for the internship has to be
addressed in detail in the project report. Besides this, other areas also to be
touched upon. Financial analysis has to be done in detail as informed to the
students as well as comprehensive coverage has to be done by the students
who are doing projects in finance area as under:
o Besides ratio analysis students have to cover the matter on corporate
finance, viz@@@
How the proposal is made for institutional finance
How the loan form provided by institution/ bank is filled up
What support documents are desired by bank/ financial
institutions
What collatoral securities are required
How the legal documentation is made
How the accounts of the company are written
How the ledgers are classified
How a financial transaction is processed and recorded
How the audit is conducted and objections removed. For this
earlier years auditors reports may be studied and discussed with
the company representatives
Is company into exports?
How foreign exchange is dealt with
Has company entered into forward contracts for foreign
exchange
What are future projects in the pipeline and how they will
affect the operations of the company? For this reading latest
board report may be quite useful for analysis
How was companys cash flow during last 3 years
What is impact of notes to accounts and account policies on the
overall reported profits and financial position of the company

All these issues have to be discussed and understood by the students before
embarking upon detailed working and preparation of report

WEEK 5 AND 6

Work as per plan continued
Draft report taking shape



@@@ SIMILAR DETAILING MAY BE DONE BY THE FACULTY IN
OTHER AREAS FOR ANALYSIS AND REPORTING BY THE STUDENTS


WEEK 7 AND 8

Work as per plan continued
Finalise draft report by end of 7
th
week and send a soft copy to the supervisor
3
rd
meeting with supervisor at the end of week 7 to discuss the draft
report to be submitted to jbs