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Blueprint for Corporate Internship Process 2012
8 Weeks
WEEK 1
Meeting hr, finance, marketing, operations senior people and
have a briefdiscussion 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 financepeople may be helpful in this regard
Collect hard copies like annual report and other published data
of thecompany- 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 arerelevant for further discussion/ report preparation
Make out a clear plan as to what exactly is the area of training
so that energiesare 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 supportfrom the management and will be helpful not only in
completing the training
successfully but also the company may be prospective employer
for thestudent
By this week students must be fully prepared to further launch
themselves intothe company and chalk out area wise plan to proceed
further
Check list should be prepared areawise foro Study the collected
materialo Exploring further informationo Points of discussionso
Person to be contacted with telephone numbers
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o Field visits, if any with schedule prepared with the support
of hr orother department as the case may be
o Seek desired appointments for week 3/ 4o 1stmeeting with
supervisorto 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
arerelevant 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
importantpoints necessary for the coverage in the report
2ndmeeting with the supervisoras per availability of the
supervisor as wellas 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 beaddressed 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
studentswho are doing projects in finance area as under:
o Besides ratio analysis students have to cover the matter on
corporatefinance, 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
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What are future projects in the pipeline and how they willaffect
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
7thweek and send a soft copy to the supervisor 3rd meeting with
supervisor at the end of week 7 to discuss the draft
report to be submitted to jbs
