One of the purposes of this essay is to help you organize your thoughts about your internship experience. You need to make some kind of connectio

NVU Internship Program

Guidelines for Final Report

One of the purposes of this essay is to help you organize your thoughts about your internship experience. You need to make some kind of connection between what you’ve studied thus far, other academic areas you need to pursue, and possible career paths you might consider. Suggestions from other students are to keep a journal throughout your experience or make copies of your Bi-Weekly Reports. The idea is to help you collect your thoughts and ideas for your final report.

When you write your report consider the guidelines below. Your report should be clear and concise with the length of the report determined by you and your faculty supervisor as appropriate according to the number of credits earned. No required length just a paragraph or 2 for each Bulltet point.

· What skills have you acquired and/or improved upon as a result of your internship experience? Consider the full range of skills including technical, communicative and personal.

· What concepts that you studied in class have been made clearer since you have applied them on the job? Did you learn anything at work that contradicted what you were taught in class? What are your thoughts about this?

· Do you feel you were adequately prepared for your internship? What suggestions would you make to another student interested in your job?

· What were the highlights of your experience? The low points?

· What have you learned about yourself and your abilities through this experience?

· An organization may be defined as “a collection of interacting and interdependent individuals who work toward a common goal within structured relationships.” Internship students who are working at their first “real” job sometimes find that the expression of their individuality conflicts with how they are expected to behave within the organization. Did you experience such conflicts? If so, how did you resolve them? How do you feel about joining the ranks of the “organizational person?”

· What improvements in the organization and operation would you make?

· Was your internship worth doing and would you recommend this location for a future internship placement?

· Were you able to establish any close working relationships with professionals in your field? What networks can you utilize after graduation if you decide to pursue this line of work?

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NVU Internship Program

Bi-Weekly Report

Instructions: To be completed by the student every two weeks and discussed with the site supervisor. Return this completed form to your faculty supervisor. Be clear and concise.

Student Name: Samantha Charron Report Number: Click here to enter text. of Click here to enter text.

Dates Covered: 2/1/2022 through 2/16/2022

1) Past two weeks’ assignments and responsibilities:

Introduction to company set up/history, specific source documentation for accounting entries, familiarization with new elements of the company accounting system and familiarization with new chart of account.

2) Supervisory conference (discuss topics, field trips, directed reading, meetings, etc.):

We meet daily just after lunch to review new areas of operations and conduct training and discuss new system work and tasks to be accomplished.

3) Objectives and plans for the next two weeks:

We will be concentrating on reconciliation of bank accounts and internal invoice processing to understand how to match general ledger accounts with working documents. Continuing familiarity with new accounting modules.

4) Referring to your learning objectives, analyze your successes and/or problems relating to those objectives. What have you learned about yourself, your strengths, weaknesses, goals, etc.? What observations have you made concerning your profession, the “world of work,” etc.? Be insightful and give specific examples to demonstrate your points. I have learned that I am better at learning hand on and going through the steps to do something rather than being told how to do the task. I have learned about the General ledge part of our accounting system to which I have not previously seen. I have also learned the journal entries which have to be made in order to properly form our general ledger debits and credit.

5) Site Supervisor’s comments and constructive criticism (this is mandatory):

Sam has shown the ability to quickly absorb new elements of the previously unused modules of the company accounting system. She shows a reliable retention of previously reviewed work and systems. So far there haven’t been any real areas of deficiency.

6) Hours worked week 1: 20 Hours worked week 2: 20 Total hours worked for the past two weeks: 40 Total hours worked to date: 40

Student Signature: ______Samantha Charron_______________ Date: _________02/16/22__________

Site Supervisor Signature: ___Mike Sarvak______________ Date: ____02/16/22_____________

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NVU Internship Program

Bi-Weekly Report

Instructions: To be completed by the student every two weeks and discussed with the site supervisor. Return this completed form to your faculty supervisor. Be clear and concise.

Student Name: Samantha Charron Report Number: Click here to enter text. of Click here to enter text.

Dates Covered: 2/17/2022 through 3/3/2022

1) Past two weeks’ assignments and responsibilities: Undertook actual accounting entry calculations, verifications of entries, continued exposure to new accounting systems and final proofing of end of month GL trial balance

2) Supervisory conference (discuss topics, field trips, directed reading, meetings, etc.): We continue to meet afternoons when primary job responsibilities has been completed and plan out new work plans.

3) Objectives and plans for the next two weeks: Begin new month’s entry preparation, allowing for more independent preparation in order to evaluate level of proficiency. Continue our second month worth of work/data entry prep.

4) Referring to your learning objectives, analyze your successes and/or problems relating to those objectives. What have you learned about yourself, your strengths, weaknesses, goals, etc.? What observations have you made concerning your profession, the “world of work,” etc.? Be insightful and give specific examples to demonstrate your points. Continued learning General ledger accounts and journal entries that need to be made. Finished up the General ledger for the month of January and what to do if there are inconsistency with totals (if the bank didn’t match what is in our system. Talked about what could cause inconsistencies and how to identify them.

5) Site Supervisor’s comments and constructive criticism (this is mandatory): We were very pleased with Sam’s initial foray into this new accounting/company processing. When this first month’s work items were completed, Sam’s entries resulted in only two minor cash adjusting entries (each of only 2 cents). We discussed how such minor adjustments were most likely results of math or other system entry errors. Excellent first effort.

6) Hours worked week 1: 20 Hours worked week 2: 20 Total hours worked for the past two weeks: 40 Total hours worked to date: 80

Student Signature: ______Samantha Charron_______________ Date: _________03/03/22__________

Site Supervisor Signature: ___Mike Sarvak______________ Date: ____03/03/22_____________

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NVU Internship Program

Bi-Weekly Report

Instructions: To be completed by the student every two weeks and discussed with the site supervisor. Return this completed form to your faculty supervisor. Be clear and concise.

Student Name: Samantha Charron Report Number: Click here to enter text. of Click here to enter text.

Dates Covered: 3/7/2022 through 3/18/2022

1) Past two weeks’ assignments and responsibilities: Continues exploration of the interconnected workings of our two companies along with further processing of monthly accounting data to work towards closing the prior month’s profit and loss statements.

2) Supervisory conference (discuss topics, field trips, directed reading, meetings, etc.): We meet daily just after lunch to review new areas of operations and conduct training and discuss new system work and tasks to be accomplished.

3) Objectives and plans for the next two weeks: We are working towards more independent work for Sam as she continues to gain familiarity with the working systems in place for processing daily and monthly recurring transactions. Allow Sam to develop personalized workflow procedures and processes that best suit her.

4) Referring to your learning objectives, analyze your successes and/or problems relating to those objectives. What have you learned about yourself, your strengths, weaknesses, goals, etc.? What observations have you made concerning your profession, the “world of work,” etc.? Be insightful and give specific examples to demonstrate your points.

· Identifying ins and outs

· Journal entries on my own

· Learning Haul costs, A/R payment, service income

· Seeing if the bank reconciliation matches our check register

· Identifying miscalculations when/if the bank and check register don’t match

5) Site Supervisor’s comments and constructive criticism (this is mandatory): The continued processing of this month’s accounting data has allowed us to see firsthand Sam’s attention to detail and her ability to identify potential areas of information error/misapplied transactions. Sam has shown a sharp eye for reviewing the data flow and seeing where errors can affect our accounting proof figures.

6) Hours worked week 1: 20 Hours worked week 2: 20 Total hours worked for the past two weeks: 40 Total hours worked to date: 120

Student Signature: ______Samantha Charron_____________________ Date: ______03/18/22______

Site Supervisor Signature: _______Mike Sarvak____________________ Date: _______3/18/22_____

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NVU Internship Program

Bi-Weekly Report

Instructions: To be completed by the student every two weeks and discussed with the site supervisor. Return this completed form to your faculty supervisor. Be clear and concise.

Student Name: Samantha Charron Report Number: Click here to enter text. of Click here to enter text.

Dates Covered: 3/21/2022 through 4/1/2022

1) Past two weeks’ assignments and responsibilities: Working on the second end of month examination/entry compilation as well as working on requisite reporting/accounting for federal programs.

2) Supervisory conference (discuss topics, field trips, directed reading, meetings, etc.): We meet daily just after lunch to review new areas of operations and conduct training and discuss new system work and tasks to be accomplished.

3) Objectives and plans for the next two weeks: Continue to review Sam’s daily/weekly tracking of accounting information as well as her attempts to make her workflow processes work better for her and how she approaches assignments. We will also be examining the reporting/accounting necessary to satisfy federal programs, specifically the PPP Loan forgiveness program and the Employee Retention Credit program.

4) Referring to your learning objectives, analyze your successes and/or problems relating to those objectives. What have you learned about yourself, your strengths, weaknesses, goals, etc.? What observations have you made concerning your profession, the “world of work,” etc.? Be insightful and give specific examples to demonstrate your points. Click here to enter text.

· Grabbing invoices and check backup for all utilities paid in 2021, copying them for ppp loan expense

· Importance of proper record keeping

· While going through our General ledger we noticed one of our 401k payments was not processed

· Checked bank account to double check it wasn’t processed

· See that is is pending in out 401k management site

· Entering journal entries I wrote down in the pervouius week intod our system by myself

· Off by $3.00

· Learned howe to making an adjustment entry (debit cash, credit Misc expense)

5) Site Supervisor’s comments and constructive criticism (this is mandatory): As we concluded our second end of month accounting, and the allowance for more independent work, Sam did a good job in identifying process errors. Again, total adjusting entries totaled only $3.00. Work on PPP Loans and ERC calculations allowed us to show the importance of proper recordkeeping and GL account allocation.

6) Hours worked week 1: 20 Hours worked week 2: 20 Total hours worked for the past two weeks: 40 Total hours worked to date: 160

Student Signature: ______Samantha Charron_____________________ Date: ______04/1/22______

Site Supervisor Signature: _______Mike Sarvak____________________ Date: _______4/1/22_____

,

NVU Internship Program

Bi-Weekly Report

Instructions: To be completed by the student every two weeks and discussed with the site supervisor. Return this completed form to your faculty supervisor. Be clear and concise.

Student Name: Samantha Charron Report Number: Click here to enter text. of Click here to enter text.

Dates Covered: 4/4/2022 through 4/15/2022

1) Past two weeks’ assignments and responsibilities: We will be allowing Sam to work more independently on the new month’s assignment, evaluating how her set up of processing items/workload has progressed.

2) Supervisory conference (discuss topics, field trips, directed reading, meetings, etc.): We meet daily just after lunch to review new areas of operations and conduct training and discuss new system work and tasks to be accomplished.

3) Objectives and plans for the next two weeks: We plan to assess how thoroughly Sam’s work processes have developed, to include how she works with new items, specifically quarterly items like payroll tax reporting and end of quarter work.

4) Referring to your learning objectives, analyze your successes and/or problems relating to those objectives. What have you learned about yourself, your strengths, weaknesses, goals, etc.? What observations have you made concerning your profession, the “world of work,” etc.? Be insightful and give specific examples to demonstrate your points. Click here to enter text.

· Organizing and learning what end of the month papers I need and under which journal entry they belong to

· Learning quarterly items vs monthly items

5) Site Supervisor’s comments and constructive criticism (this is mandatory): Sam continues to show a real aptitude for categorizing work items properly and when in doubt, she offers sound suggestions on how new/unfamiliar items should be handled in the accounting system. Sam displayed a solid understanding of how particular information fed into the federal Employee Retention Credit work we’ve been compiling. Sam has also shown an increased confidence in directing others in our office as to how to properly address work items.

6) Hours worked week 1: 20 Hours worked week 2: 20 Total hours worked for the past two weeks: 40 Total hours worked to date: 200

Student Signature: ______Samantha Charron_____________________ Date: ______04/13/22______

Site Supervisor Signature: _______Mike Sarvak____________________ Date: _______4/13/22_____

,

NVU Internship Program

Bi-Weekly Report

Instructions: To be completed by the student every two weeks and discussed with the site supervisor. Return this completed form to your faculty supervisor. Be clear and concise.

Student Name: Samantha Charron Report Number: Click here to enter text. of Click here to enter text.

Dates Covered: 4/18/2022 through 4/29/2022

1) Past two weeks’ assignments and responsibilities: Review prior month’s processing as a whole and determine areas that need correction/attention. Continue to work towards independent processing and methods of determining sources of errors.

2) Supervisory conference (discuss topics, field trips, directed reading, meetings, etc.): We meet daily just after lunch to review new areas of operations and conduct training and discuss new system work and tasks to be accomplished.

3) Objectives and plans for the next two weeks: Allowing Sam to start a new month’s processing from scratch and conducting an initial assessment of her field work preparations. We will discuss and begin planning for our annual audit, including reviews/preparations of auditor task lists.

4) Referring to your learning objectives, analyze your successes and/or problems relating to those objectives. What have you learned about yourself, your strengths, weaknesses, goals, etc.? What observations have you made concerning your profession, the “world of work,” etc.? Be insightful and give specific examples to demonstrate your points. Click here to enter text.

· Starting to process for the month of March from scratch

· Making accounting decisions for where certain numbers go in the journal entries

· Double checking work (numbers) before posting the journal entries

· Review work for march with supervisor

5) Site Supervisor’s comments and constructive criticism (this is mandatory): With her first foray into actual preparation of our company end of month materials, Sam showed an excellent grasp of the work items. We reviewed the need to double checking/cross checks of category transactions and how to best ensure elimination of daily accounting errors. Sam’s diligence resulted in our ability to track down a prior period adjustment. She continues to show she is quite capable of the many tasks we have assigned.

6) Hours worked week 1: 20 Hours worked week 2: 20 Total hours worked for the past two weeks: 40 Total hours worked to date: 240

Student Signature: ______Samantha Charron_____________________ Date: ______04/28/22______

Site Supervisor Signature: _______Mike Sarvak____________________ Date: _______4/28/22_____

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Name of Business or Work Site:	Wesco Oil
Business or Work Site Address:	32 San Remo Drive South Burlington, VT 05403 United States
Internship Supervisor Name:	Mike Sarvak
Internship Supervisor's Title:	Office Manger
Supervisor Email Address:	[email protected]
Supervisor Telephone Number:	(802) 864-5155
COURSE INFORMATION
NVU-Johnson Course Number:	ACC-4810 Accounting Internship
NVU-Johnson Academic Departments:	Business Administration
INTERNSHIP TIMING AND GRADING OPTIONS
Internship Semester:	Spring 2022
Grading Option:	Graded
Internship Start Date:	February 01, 2022
Internship end date:	March 22, 2022
Internship Work Hours – The number of credits you request registration for are subject to program guidelines and requirements. Please check with your advisor should you have any questions. :	270 Hours – 6 credits
INTERNSHIP PLAN
Job Title:	Account Manger
Is this a paid internship? :	Yes
What is your compensation? :	17/hr
What types of professional development will the student receive in addition to orientation and on the job training? :	Professional Development Objectives: At the end of the internship, the employee should demonstrate the skills needed to understand and identify small scale work flows and be able to understand the process for determining possible accounting and process errors. Employee should be able to utilize these skills and understandings as applied to the larger Wesco Inc. operations. Orientation: Employee will become familiar with portions of the general ledger that had previously been unnecessary in the scope of their current job. We will explore the various accounting documents and information sources needed to gain a fuller understanding of how and where transactional details are generated and how their ultimate disposition impact our understanding of the general ledger, balance sheet and the company profit/loss picture.
Please summarize the job description:	As account manager, employee will be required to review all pertinent accounting information regarding the sales, expenses, assets and liabilities of one of Wesco Inc.’s associated operations, C-Store Contracting LLC. As a smaller operation, the employee will be responsible for examining weekly and monthly transactions and their impact on the company general ledger (payroll, accounts payable, accounts receivable, etc.). Employee will work on intercompany transactions and how they are accounted for as well as provide end of month account reconciliations.
COURSE OBJECTIVES AND EVALUATION GUIDELINES
Learning Objective 1:	Show proficiency in tracing transactional detail for the primary banking accounts and how those transactions affect the general ledger.
Learning Objective 2:	Show an understanding of intercompany transactions, their impact and the institutional thought process used to design these work flows.
Learning Objective 3:	Show the ability to identify missing or potentially misapplied transactional data through development of a process checklist.
Learning Objective 4:	Demonstrate a familiarity and understanding of the processes necessary to produce an end of month profit/loss statement as well as an understanding of what potential changes may be necessary to improve/explain end of month results.

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