Accounting and Financial Management Practices at IMS Group: Focusing on e-Business Operations

Last modified: December 1, 2021
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Project Title: Accounting and Financial Management Practices at IMS Group: Focusing on e-Business Operations 
Author: Miss Pratima Kadel
Advisor: Dr. Srisuda Chongsithiphol
Degree: Bachelor of Business Administration (International Program)
Major: Finance and Banking
Faculty: Business Administration
Semester / Academic year: 2/2020

Citation

Kadel, Pratima. (2020). Accounting and financial management practices at IMS Group: Focusing on e-Business operations. (Cooperative Education). Bangkok: Siam University.


Abstract

This report is a summary of my 3 and half month of internship experiences at IMS Group which is a conglomerate company based in Nepal. The main objectives of writing this report are (1) to understand how works are conducted and coordinated of a conglomerate company, (2) to understand how financial works are carried and managed of a group company, (3) to understand the various accounting tools and software used by the company to record the business transactions and (4) to link and apply the theories that I have learned in real working scenarios. With the company I was working in the finance department and directly worked under the supervision of Finance manager of the company. I also got to work in operation department for a very short period of time and worked as a vendor communication intern. It details the summary of the works carried by the internee. It also highlights the problems encountered during the internship period with the possible solutions applied to solve those problems. Under the completion of the internship, it has given me the opportunity to apply the theories like FIFO method of inventory, Ledger and journal entries, Income and expenses, sundry creditors and taxation which has been already studied in the professional work setting. It has given the exposure to learn about the financial activities, knowledge and tools that are performed in organization. It has also given me the exposure on ecommerce business, how online business is conducted and coordinated especially how website is handled, products are uploaded and vendors are communicated. Hence, the desired objectives for joining the company as an intern has been fulfilled which has been rewarding, knowledgeable and memorable.

Keywords: Accounting management, financial management, IMS group


Accounting and Financial Management Practices at IMS Group: Focusing on e-Business Operations

Faculty of Business Administration, Siam University, Bangkok, Thailand

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