SUMMER INTERNSHIP REPORT

ON
A study on the customer relationship management techniques adopted by
Abhijeet chaudhary and company A report submitted on partial fulfilment of the
requirements of award Degree of

BACHELOR OF COMMERCE

Duration(From 01 October to 30 October )

(2024-25)
SUBMITTED BY:-

AREEB BEG

Roll No. 2240012010044

SEMESTER 5th

UNDER THE GUIDANCE OF

prof.ARUN KUMAR

Feroz Gandhi College , RAEBARELI, U.P.

(Affiliated to University of Lucknow)

 DECLARATION

I, Areeb beg a student of feroz Gandhi College, pursuing my Bachelor Of

Commerce , hereby declare that the Summer Internship Report titled “ A
study on thé customer relationships management techniques” submitted
by me, is a record of my original work .The report based on the
internship undertaken at “ Abhijeet Chaudhary & Co from 1st October
2023 to 28th October 2023. All the information and data presented in this
report have been collected and analyzed by me during the course of my
internship.

I further declare that this report is not submitted to any other university
or institution for the award of any degree or diploma.

I understand the importance of academic integrity and hereby

acknowledge that any work or ideas from external sources, including the
internet, have been properly cited and referenced in the report. The
citations and references have been according to the prescribed format.

I take full responsibility for the information presented in this report.

Date:
…………….

Place:
Raebareli

Signature:

Areeb beg

Enrollment Number:

LC/22/22293
 ACKNOWLEDGEMENT

The Internship opportunity I had with “Abhijeet Chaudhary & Co” was
a great chance for learning and professional development. I am
sincerely thankful to them for providing this opportunity to me. I am
using this opportunity to express my
deepest gratitude and special thanks to the CA and owner of firm
“Abhijeet Chaudhary & Company” sir who inspite of being extraordinary
busy with his duties, took time out to hear, guide and keep me on the
correct path and allowing me to carry out my internship at their
organisation.

I am thankful Dr Arun kumar” the faculty members of Department Of

Commerce.

I take this opportunity to thank the University Of Lucknow for giving me a

chance to do this project.

I am also thankful to our Principal Prof. Dr Arun Kumarfor providing the

necessary facilities required for completion of this Internship Report.
 TABLE OF CONTENT

INTERNSHIP OFFER LETTER

CERTIFICATE OF INTERNSHIP

DECLARATION

ACKNOWLEDGEMENT

1. INTRODUCTION 1
1.1 Background of the Internship… 2
1.2 Objectives of the Internship… 3
1.3 Need of the Internship… 4
2. COMPANY PROFILE 5
2.1 Company Background 6
2.2 Top CA firms 11
2.3 Organisational Structure… 19
2.4 Product and Services… 21
3. INTERNSHIP WORK PROFILE AND
EXPERIENCE 22
3.1 Roles and Responsibilities… 23
3.2 Projects Undertaken 24
4. KEY LEARNINGS 28
4.1 Skills and knowledge acquired 28
4.2 Personal and Professional growth 29
5. CHALLENGES FACED 30
6. CONCLUSION 32
6.1 Achievements and Challenges… 33
7. FUTURE SCOPE 34
8. RECOMMENDATION 36
8.1 Recommendation for Organisation 36
8.2 Suggestions for Future Interns… 37
9. REFERENCES 38
9.1 List of References and Citation 38
 INTRODUCTION

"Mastering Accounting with Tally: An Internship Report" presents an in-

depth exploration of the journey into the realm of accounting as

experienced through an enriching internship. This report serves as a

testament to the practical application of Tally, a highly regarded and

widely utilized accounting software, which stands as a cornerstone in the

field of financial management.

Within these pages, we embark on a comprehensive journey that unveils

the intricate workings of Tally and its pivotal role in the mastery of

accounting. Through hands-on experience, this internship bridges the

chasm that often exists between theoretical knowledge and its real-world

application. We delve into the practical aspects of accounting, gaining

profound insights into how financial principles and practices manifest in

the professional sphere.

This report not only delves into the technical aspects of Tally but also

elucidates the transformative power of this software in streamlining

financial processes. It underscores how Tally is more than just a tool; it is

a cornerstone for financial professionals, enabling them to work with

precision and efficiency.

The immersive internship experience documented in this report not only

enhances our practical knowledge but also emphasizes the importance of

software like Tally in the

contemporary accounting landscape. As we venture into the specifics of

this internship, we aim to provide a comprehensive view of the role of

Tally in shaping the world of accounting and financial management.

Welcome to the journey of "Mastering Accounting with Tally," where

theory meets practice, and accounting becomes a dynamic and

transformative field.

Organisation's business sector

The organization operates as a chartered accountant firm, adhering to

the rules, regulations, and code of ethics established for CA firms by The

Institute of Chartered Accountants of India (ICAI). ICAI was founded as a

statutory body on July 1, 1961, under the Chartered Accountant

Ordinance, 1961, with the objective of regulating the accounting

profession in the country. ICAI is governed by a council comprising 19

members, with 15 members elected from the institute's members for a

term of 4 years, and the remaining 4 members nominated by the

Government of India.

Background of Internship
Alavi Associates is a dedicated team responsible for collecting,

interpreting, and maintaining financial records while delivering quality

customer services and training. The team focuses on safeguarding the

financial integrity of the organization in an ever- changing regulatory and

technological environment. It is a department recognized for

its commitment to providing excellent customer service, including

training, and offering reliable and accurate financial information.The

primary goal is to furnish a wide range of financial information, from

detailed transaction processing guidance to comprehensive financial

report interpretation.

Objectives of Internship

1.Comprehensive Understanding: To gain a _comprehensive

understanding of accounting principles and their practical application in

the real world, with a focus on utilizing Tally software.

2. Mastery of Tally: To become proficient in using Tally software as a

tool for efficient accounting, from data entry to generating financial

reports.

3. Hands-on Experience: To acquire practical, hands-on experience in

accounting and financial management, enhancing the ability to manage

financial data effectively.

4. Real-world Application: To bridge the gap between theoretical

knowledge and its practical application by working on real accounting

tasks using Tally.

5.Analyzing Financial Data: To develop the skills necessary for

analyzing financial data, identifying trends, and making informed

financial decisions.
Need for the Internship:

1. Practical Skill Development: The internship serves as a platform for

the practical application of accounting knowledge, enabling interns to

develop critical skills for their future careers.

2. Tally Proficiency: To gain proficiency in Tally software, which is

widely used in the field of accounting, offering a competitive edge in the

job market.

3. Alignment with Industry Standards: To ensure that interns are

well-prepared to meet the industry's demands for skilled accountants

who can efficiently use accounting software like Tally.

4.Hands-on Experience: To offer a real-world work environment,

allowing interns to apply their knowledge, troubleshoot challenges, and

gain confidence in handling accounting tasks.

5.Enhanced Employability: To enhance the employability of interns by

equipping them with practical skills and experience that are highly

sought after in the job market.

6. Professional Growth: To provide opportunities for interns to grow

professionally, network with industry professionals, and gain insights

into the dynamic field of accounting.

 Company Profile

Name of the firm: Abhijeet Chaudhary

& Company.

Type of the firm : Finance and Tax

Consultant

Work profile of firm: Legal and Auditing

Proprietor of firm: Abhijeet Chaudhary &

Company

Services Offering : GST, Income Tax,

Accounting,MCA, Tax Appeal, Income Tax

Appeal, Digital signature

certificate,Auditing ,Etc
 ICAI

(Institute of Chartered Accountant Of

India)

The Institute of Chartered Accountants of India (ICAI) is India's largest

professional accounting body under the administrative control of Ministry

of Corporate Affairs, Government of India. It was established on 1 July

1949 as a statutory body under the Chartered Accountants Act, 1949

enacted by the Parliament for promotion, development and regulation of

the profession of Chartered Accountancy in India.

The Institute of Chartered Accountants of India was established under

the Chartered Accountants Act, 1949 passed by the Parliament of India

with the objective of regulating the accountancy profession in India. ICAI

is the second largest professional accounting body in the world in terms

of number of membership and number of students after the AICPA. It

prescribes the qualifications for a Chartered Accountant, conducts the

requisite examinations and grants Certificate of Practice.

In India, accounting standards and auditing standards are recommended

by the National Financial Reporting Authority (NFRA) to the Government

of India which sets the Standards on Auditing (SAs) to be followed in the

audit of financial statements in India. The other reputed accounting

research bodies in India are Institute of Cost Accountants of India and

University of Delhi, University of Calicut and University of Mumbai.

About Chartered Accountant

A Chartered Accountant is a qualified accountant of Institute of

Chartered Accountants of India. The person clears the Institute

conducted examination with prescribed percentage and also completes

the required theory and practical trainings conducted by the Institute

before being eligible as a registered member with it. As a qualified

professional, he can perform the tasks enlisted by the Institute for

various organisations to ensure proper accounting, auditing and taxation

controls to be followed by them in the running of their business and

operations. These policies clears any ambiguities for the organisations in

the maintenance of their books of accounts.

History and Objectives

A Chartered Accountant in India is a person who has qualified the

examinations and completed the required practical and theoretical

sessions conducted by Institute of Chartered Accountants of India, which

was formed as body of registered accountants in 1949. The person is

required have sound knowledge in the subject of Accounting, Auditing,

Costing and various aspects of Direct and Indirect Taxation.

Education

Following are the required educational qualifications:

An aspirant can enrol for Chartered Accountant either after completion

of 12th or Graduation or Post Graduation.

An aspirant needs to enrol for practical training for 3 years for

Articleship with a registered Chartered Accountant after passing

Intermediate exam either in both groups or either of them.

He should clear 8 subjects in Intermediate exam in 3 years to be eligible

to appear in examination for CA Final.
After clearing the Intermediate exam, he can appear for final exam

during the practical training in last six months under a professional

Chartered Accountant.

After successful completion of CA Final course he is required to attend

the four-week mandatory training forAdvanced ICITSS. The registration

certificate has 5 years validity.

Eligibility after 12th

1.Eligibility for foundation course is clearance of 12th board exam from

any of the recognised educational institution of University Grants

Commission in any stream.

The aspirant should enrol for the Common Proficiency Test (CPT) with

ICAI, and after 60 days post registration time limit he will be eligible for

writing exam.

The eligibility for the Orientation Programme and Information

Technology Training (ITT), he should join Integrated Professional

Competence Course (IPCC) for 9 months, post clearance of Common

Proficiency Test (CPT). During the course time the aspirant is required to

complete Orientation Programme for 35 hours and Information

Technology Training for 100 hours.

The aspirant is required to pass both groups of IPCC post Integrated

Professional Competence Course (IPCC) completion.

Eligibility after Graduation

An aspirant can appear for the IPCC exams directly after 9 months of

registering himself and is also exempted from appearing for CPT, in case

he is a graduate and has cleared the examination with mandatory

percentage . He will have eligibility registration for the Final Course of

CA and clear the same after passing the IPCC examination.

He will be eligible for ICAI membership, post completion of required

examination, training and Articleship period.

He can start practicing as a Chartered Accountant only after getting

membership post registering with ICAI.

 TOP CA FIRMS IN INDIA

1. Deloitte

Deloitte, in terms of Revenue, is the largest professional services

network in the world. Also on the basis of the number of professionals, it

is the largest professional services network in the world.

Deloitte is known for providing audit, tax consulting, enterprise risk and

financial advisory services to more than 200,000 professionals in over

150 countries. They are the Advisors to many of the World’s most

admired Brands.

The Consulting services of industries work on the theory of ‘Providing

practical perspectives and solutions to queries.’

Deloitte believes in ‘Good to make it great!’ They believe in ‘helping

clients to become Leaders’.
2. PWC-

Price Waterhouse Coopers has been the world’s second-largest

professional services network in terms of Revenue as surveyed in 2014

and is one of the Big Four Auditors and stands neck to neck with Deloitte,

EY and KPMG.

It has been a multinational professional services network.

The Firm believes in helping resolve complex issues and identifying

opportunities. People from all backgrounds such as arts, business,

economics, engineering, finance, health, information technology, law and

more are entertained.

3. KPMG-
Having its global headquarters in Amstelveen, Netherlands, KPMG has

been considered one of the largest professional services companies in the

world.

It is amongst the Big Four auditors, standing along with Deloitte and EY.

The professionals employed with this firm, KPMG are 162,000 people and

perform three services, viz. audit, tax, and advisory. The tax and advisory

services provided by the firm are further divided into various service

groups.

4. Ernst &Young(known as EY)-

Ernst & Young abbreviated as EY is a multinational professional services

firm having its headquarters in London, United Kingdom. In terms of

Revenue, it has been ranked as the world’s third-largest professional

services firm surveyed in 2012 and is one of the four biggest audit firms.

5. BDO International -
BDO International stands at the fifth rank for providing the largest

accountancy network in the world.

It is a worldwide professional services network and one of the best public

accountancy firms. It has its competency is in serving national and

international clients.

Following a survey conducted in 2014, September, BDO has its Member

Firms in 151 countries and takes pride in employing around 60,000

Partners and staff in 1,328 offices throughout the world.

6. Grant Thornton International -

Grant Thornton is a UK-based firm that has branches in almost 125

countries. This firm is known for generating very high revenue which is

more than 4.5 billion dollars.

It provides services in assurance, tax and advisory firms. Grant Thornton

is also known for providing services in Assurance and Taxation and other

consultancy services relating the financial matters.

It has been operating for 100 years. Grant Thornton has provided valued

service to organizations with the potential to grow and operate

internationally. It makes the professionals adapt to market conditions

and deal with complex events or transactions.

The member office of Grant Thornton is situated in Connaught Place in

New Delhi.

7. RSM international -

RSM ranks the 7th largest among the professional services networks for

audit, tax and advisory firms. It takes pride in holding the 6th rank as the

largest global provider of tax services in the world.

It has fully independent member firms and correspondents in 111

countries surveyed, in September 2014. The member firms of RSM

International have a combined total of 35,396 staff which includes 3,221

partners in 718 offices.

Three of the original member firms of the organization are Robson

Rhodes (UK), Salustro Reydel (France) and RSM McGladrey/McGladrey

& Pullen (USA).

8.SS Kothari Mehta & Co.-

The best thing about this Firm is that it has over 55 years in existence.

SS Kothari has been one of the highly reputed firms in Delhi and has

branches in 100 other countries.

It has created a strong National presence through a network creation of

6 offices and 20 associates which covers almost all the regions of the

Country. With a combination of Partners and Associates, it has covered

almost all parts of the country.

9. Lodha &Co.-

This is also a vintage firm set up in 1941 and has offices all over India.

They operate in locations like Kolkata (Calcutta), Chennai (Madras),

Hyderabad, Mumbai (Bombay), New Delhi and Jaipur.

Lodha & Co. has proficiency in providing professional services to a large

number of corporate clients, central banks, banks, insurance companies,

public sector corporations etc. They operate both in India and

Internationally.

10. Sahni Natrajan & Bahl (SNB)-

SNB is a national Indian firm which is based in Delhi and provides its

services in the field of audit, consulting, accounting and allied areas. It

was established in 1981 and is one of the leading Firms in India. It has its

Headquarters in New Delhi and branch offices in Bangalore and Mumbai.

The Firm has kept its Aim of providing services of the highest quality,

resulting in the addition of value to each of its clients in a totally

professional, independent and ethical manner.

It is known for providing services in various areas like Taxation, Auditing

and Internal Audit, Corporate Laws and several other services relating to

services

11. Luthra & Luthra -

Luthra & Luthra is a Delhi-based firm having Six other partners. The

Firm was established in 1979.

It has been one of the leading firms in India and has been providing its

services in audit, advisory, tax and corporate law matters. It is bound to

provide high-end services to its clients.

The success of Firms depends on their professionals, thus the Firm

focuses on training its employees such that they can find solutions to the

various needs and queries of their clients and thus, achieve the

Organizational goals. It has its branches in Delhi, Mumbai, Bangalore,

Chennai and Noida.

This firm is known for providing its service in different fields like

Taxation, Corporate Laws, Foreign Exchange Compliance and SEBI-

related services in cooperation with 18 highly qualified personnel.

Organizational structure

A hierarchy is an arrangement of items (objects, entities, values,

categories, etc) in which the items are represented as being "above'',

''below'' at the same level as another, with each item having only one

neighbor above and one neighbor below at each level.

Partners are often the founders of the firm. The firm names are
associated with the name of partners. They are basically the main parties

who issue and sign any report (specifically audit Report) on behalf of the

firm. Partners mostly communicate with

the senior manager. Manager is a qualified chartered accountant having

more than 10 years working Experience.

Alavi Associates used different kind of techniques for error and fraud
detection.

Audit Department

Firm provides Audit and assurance services to wide range of clients

which include performing audits of financial statements of Limited C

companies, NGOs and partnerships.Firms also perform special

assignments which includes management audit, internal audits and

investigations.

Always endeavour to meet reporting deadline as set out by the laws and

regulations mutually agreed with clients without compromising the

professional, ethical requirements. Firm emphasizes on delivery high

quality services to clients, adding value to their business through

identification of existing and potential control risk and suggesting best

possible measures in the given circumstances.

Tax and Corporate Department

Firm delivery taxation services to clients and assist them in obtaining

optimal tags benefits available under the laws. Firm also assist clients to
comply with the Tax rules and regulations and always keep them updated

with the letters development and amendments. Tax personal are qualified

personal experience and knowledgeable. We

maintain a comprehensive tax library which always provide ready

differences and timely solution in complex situation of tax services which

included;

⮚ Preparation and submission of annual tax return

⮚ Compliance services

⮚ Tax Advisory Services

⮚ Representation and litigation with tax authorities

⮚ Personal income tax services

In Alavi Associates same staff is handling with tax matters as well as

corporate sector while incorporate form provide different kind of services

related to corporate sector from incorporation to winding up of a

Company.

Product and services

⮚ Goods and Services Tax

⮚ Income Tax

⮚ Accounting MCA

⮚ EPF

⮚ Tally

⮚ GST Appeal

⮚ Income tax appeal

⮚ Auditing, etc
Work profile and Work Experience

Accounting Interns have the opportunity to learn and gain first-hand

experience in a real accounting department or an accounting firm. They

help perform research, prepare financial reports, and assist with

reconciling accounts and other duties, as needed.

Experience

I have learned that stressing over little things will not get me anywhere.

I have learned to work well as a team and that without my counterparts

the work would not get done. Another aspect that I learned throughout

my internship is to never be afraid to ask lots of questions. By asking

questions I got answers.

I learned more than I ever expected. I felt in the beginning that I would

really have a head start being that I am a senior and have taken all my

classes already but I realized that I don’t think any amount of classes

will ever prepare you for all the

world has to offer. Don’t get me wrong, I feel that Auburn did a

wonderful job teaching me but I feel that it is most valuable if combined

with first hand work . I feel that during my time interning my most

challenging part of my work was having to share my tasks and

coordinate my work with others. I have always been kind of a

perfectionist and liked to have things done my way so working with

others and sharing duties was a slight change I must say. It took me a

couple of weeks to really feel comfortable allowing someone else to

share my work but eventually I learned it was ok and that two heads

were better than one.

It would be beneficial to encourage students to find their internship based

on their future career goals. It's not always necessary to stick to what's

listed or given to us to find the perfect internship.

Roles and Responsibilities

⮚ Maintaining proper accounting records

⮚ Assessing financial risks and suggesting preventive measures

⮚ Liaising with clients, business partners, auditors and vendors

⮚ Ensuring complete compliance with the state authorities

⮚ Offering expert financial advice and services to clients

⮚ Investigating and rectifying any financial discrepancies

⮚ Conducting internal and external audits

 ⮚ Preparing budgets, annual reports and strategies

⮚ Advising clients on financial transactions, mergers and acquisitions

⮚ Helping clients with reciprocity agreements, training

agreements or similar tax/payment-related queries

⮚ Analyzing the company’s financial systems and procedure

⮚ Processing online payments and bank statements

⮚ Preparing and forecasting budget reports

⮚ Preventing or suggesting ways to stop any fraudulent activities

⮚ Negotiating monetary terms with vendors

Projects Undertaken

Different task that I performed during my internship can be summarised

as:
 ⮚ Vouching

⮚ Preparing books of accounts in tally

⮚ Voucher entry

⮚ Preparing data in excel

⮚ Trail balance

⮚ Ledger

⮚ Maintenance of clients bank passbook and entries

⮚ Auditing

⮚ Maintenance of accounts / book keeping

Vouching

Vouching means inspection by an auditor of documentary evidence

supporting & substantiating transactions. Vouching is the process of

checking documentary evidence that the transactions are properly

recorded & accounted for.

Vouching is defined as the "verification of entries in the books of account

by examination of documentary evidence or vouchers, such as invoices,

debit and credit notes, statements, receipts, etc.''

Objectives of vouching
 ⮚ To verify the existence of an asset or liability.

⮚ To determine the ownership of an asset or liability.

⮚ To establish the completeness of a transaction.

⮚ To determine the accuracy of the amount of a transaction.

⮚ To determine the timing of a transaction.

⮚ To determine the authorization of a transaction.

Trail balance

A trial balance is a bookkeeping worksheet in which the balances of all

ledgers are compiled into debit and credit account column totals that are

equal. A company prepares a trial balance periodically, usually at the end

of every reporting period. The general purpose of producing a trial

balance is to ensure that the entries in a company’s bookkeeping system

are mathematically correct.

Objectives of Trail balance

⮚ Trial Balance also helps in detecting the clerical errors such as

mixing up of the figures, faults in the posting, etc.

 ⮚ The Trial Balance also helps to prepare the final Accounts and the

Balances for the financial statements are taken from the Trial

Balance itself.

⮚ The Trial Balance also serves as an important summary of the total

Accounting records and the ledger Accounts of the business or

firm.

Auditing

Audit is the examination or inspection of various books of accounts by an

auditor followed by physical checking of inventory to make sure that all

departments are following documented system of recording transactions.

It is done to ascertain the accuracy of financial statements provided by the

organisation.

Objectives of Auditing

The objective of an audit is to form an independent opinion on the

financial statements of the audited entity. The opinion includes whether

the financial statements show a true and fair view, and have been

properly prepared in accordance with accounting standards.

Ledger
A ledger is a book or collection of accounts in which accounting

transactions are recorded. Each account has:

● An opening or brought-forward balance

● A list of transactions, each recorded as either a debit or credit in

separate columns

● An ending or closing, or carry-forward,balance

Objectives of ledger
● To make a permanent record of all the financial transactions in a

classified manner.

● To know the ledger account balances

● Basis for preparation of trail balance and financial statements

● Provide useful and reliable financial information

KEY LEARNINGS

Skills and knowledge required

I learned through my training programs that how I can :

⮚ Improve communication skills.

⮚ Analyse the business situations

 ⮚ Established standard and professionalism.

⮚ Learn more than the theoretical knowledge.

⮚ Learn book keeping practices of different companies.

⮚ Apply the theoretical knowledge in actual organisation.

⮚ Compare practical aspects with theoretical aspects.

⮚ Make quick decision in real situation .

⮚ Learn how to promote and conduct research in business areas.

⮚ Promote my personal knowledge and professional preparation for

Future.

⮚ To properly integrate my theoretical knowledge and practical Work.

⮚ Plan for the future of oneself and learn how to adjust in an

organization.

⮚ Know how to present your recommendations in front of your boss.

⮚ Get knowledge of opportunities and Threads while entering into

one organisation.

⮚ Get exposure to do a work in an organisation and also known about

organisational behaviour, ethical rules and regulations.

Personal and Professional growth

The level of experience you have in the workplace determines your

employability in today's job market. Internships are a great way to gain

real-life experience, develop

knowledge, and determine whether a particular career field is right for

you. Because skills are transferable, your degree does not limit you to a

specific employment route.

While internships are vital for understanding the career trajectory for

your chosen job title, they don’t have to be directly related to your

ultimate career route. This is because any professional or practical work

experience may help you build valuable workplace competencies that will

make you a desirable candidate to potential employers.

A variety of transferable skills or soft skills can easily be absorbed and

developed through an internship program. As an intern, you will have

plenty of opportunities to practise soft skills in a setting other than your

university campus. You will be able to learn the subtle differences

between academic and business communication, and you will be able to

determine which skills you still need to develop.

Challenges faced during Internship

Some common challenges many interns face.

A Steep Learning Curve

Students and recent graduates put in a lot of time studying, learning, and

preparing for their careers; however, the true challenge comes once all

their knowledge is put to the test in a real-world situation.

Many interns undertake their very first working experience while

participating in an internship, and are often expected to participate at

the same level as an organization’s full-time employees, despite their lack

of on-the-job training. This can lead to stress or feelings of being

overwhelmed, which may deter some individuals from realizing their true

potential in their career.

Menial Task

As an intern, you’ll likely be given some of the tasks that no one else

wants to do. Even if you land an internship in your chosen field, at the

company of your dreams, you might be going on coffee runs or cleaning

up the conference room after meetings. The best way to handle a

situation such as this is to change your perspective, and actively seek out

the advantages.

Lack of Feedback

Full-time employees are typically scheduled for performance evaluations.

These evaluations are particularly helpful as they provide insight into an

employee’s strengths, as well as what aspects of their role can be

improved upon. Entry-level employees and interns can sometimes be

overlooked when it comes to feedback or performance reviews, which

may leave them feeling unsure or perhaps confused.

Little or No Pay
Lack of pay, or very little pay, can be a fact of life for many interns.

Whether an internship is paid varies from company to company, so if

receiving a paycheck is on the top of your list of preferred benefits, ask

your program manager to help you find an organization that offers a paid

internship.

Conclusion

Alavi Associates is overall one of the profit making and reputed firm of

Raebareli . The organization since its very first day is devoted to

providing quality services. The detailed and through review of work and

clients' trust shows the perfection with which it is working.

The firm has earned a distinction of being placed in the category 'A' in

the list of panel of auditors maintained by State Bank of India.

Moreover, only these "A" category firms can audit of listed companies.

The Institute of Chartered Accountants of India has also carried out the
Quality Control Review and has issued satisfactory QCR report
stating that the firm has conducted the audits of the clients in

accordance with International Standards of Auditing.

Achievements and Challenges

An internship is an opportunity to test out all the skills that you

developed in university/college and see how they work in the real world.

An internship is an opportunity to test drive a career without making any

serious commitments. It provides you with experiences, lessons, and the

tools you’ll need to get a full-time gig in the future.

It is often a great choice because it gives you a feel for work without

being thrown into the deep end straight away. This provides you with the

opportunity to grow and learn before fully entering the working world.

Intern life can be tough, and you only get a short time to make a lasting

impression. However, it is a great opportunity to gain experience, make

friendships and learn.

 Future Scope

One opportunity that is available to ALL university students is to do an

internship.

A common misconception about internships is that you will be peeling

potatoes or making coffee, but this is far from the truth. It’s about

gaining the skills, confidence, network and the small details that make a

HUGE difference when you want to land your first job.

With the advancement in the Indian economy, scopes for CA professional

is also becoming broader. Simultaneously with amplifying the career

opportunities for CAs, the upgradation in the economy is summing up

challenges for CAs to upgrade their knowledge & skills in the exclusive

fields of tasks. Specialized roles of CAs are as follows:

⮚ Auditor

⮚ Financial Reporting

⮚ Management & Corporate Consultancy

 ⮚ Tax Advisor

⮚ Management Accounting

⮚ Cost Accountant

⮚ Company Liquidator

⮚ GST Expert

We tell you about the huge scope for Chartered Accountant

professionals. As we know that there are many government and private

companies that are providing jobs with a good package. The aspirants

can become employed in a firm as an employee or can start their own

private practice.

There are many scopes or jobs for those students who are pursuing

Chartered Accountant Course. The CA played an important role in the

organization and duties of CA like Auditing & Assurance, Tax

Consultancy, Accounting Services, Accountants & Finance Outsourcing

and Financial Reporting. Every registered firm or organization under the

Company Act have a CA that manages various tasks like Finance

Managers, Financial Controllers, Financial Advisers or Directors and

audits their accounts. After becoming a CA, there are various job

opportunities.

⮚ Job opportunities in India with the current package

⮚ Job Scopes in Abroad with the current package

Internships offer opportunities to transition into full-time positions.

Although, it is not guaranteed, most employers are always seeking to add

value to their organization.

With an internship, you’re given the opportunity to showcase your talents,

commitment, and value to a prospective employer.

Recommendation

Recommendations for the organization

Though the organization is really good at everything and everything is

well maintained and managed. But still there are some chances of

improvement whether it is a human being or any organization till there

are improvements and chances to develop and grow, the organization

must improve itself at its best. In my opinion some of the

suggestion/recommendations are:

Alavi Associates strongly needs to improve its network Firms so as to be

counted among one of the extensively know firms in Raebareli. The

partner needs to make the best use of their goodwill to bring more

clientage and reputation to firm. They need to offer the audit services at

most economical cost with the assured quality services to retain and

expand clients.
The infrastructure and working condition reviews can improve the

working efficiency of the Trainees. Audit and Assurance is the tough job.

Some motivational meetings and

mentoring exercises would bring good feel among employees for their

work. Time to time financial bonuses or performance incentives will

energize the staff.

The trainees are not offered extra financial or any other incentive for the

extra work or over time. This causes some sort of abstractions which

immediately need to be overcome by the management.

Suggestions for future interns

⮚ Don't be afraid to ask questions—and ask a lot of them.

⮚ Try to adopt new technology that their competitors are not using.

⮚ The company has mostly professional educated human resources,

which are the biggest threat for their competitors.

⮚ Make a network that allows its customers to negotiate with them

easily.

⮚ There are so many cool people here willing to talk to interns. Don’t

be afraid to throw time on people’s calendars and talk to them

about anything, work- related.

⮚ It’s not only important to be ready to learn but also ready to take
initiative and take control of your learning Experience.
 REFERENCES

Weblinks:

Wikimedia Foundation. (2024, November 1). Chartered

accountant (India). Wikipedia.

Olesen, R. (2024, November 7). The importance of an

internship for your future career. LinkedIn.

https://www.linkedin.com/pulse/importance- internship-your-

future-career-rose-olesen

Book:

Agarwal, V. P. (1960). Goods and services tax (11th ed.). Sahitya

bhawan .