Budget preparation & challenges as an internal control mechanism

Abstract

Robi Axiata is a leading telecom company that started its journey in 1997 in Bangladesh with the brand name of AKTEL and in 2010 it comes up with the new brand name “Robi Axiata Limited”. It is the 3rd largest telecom operator in Bangladesh and gaining market share rapidly. The report has been prepared with my three month’s experience of internship at Robi Axiata on Budget Preparation & the Challenges as an Internal Control Mechanism. The report starts with the purpose and objectives with the report and proceeds with the industry overview where the real scenario of telecom industry has been shown up. Then, the report covered with organizational and departmental overview where a short description of Robi Axiata and finance division has portraits with the name of different divisions, departments, Organization structure, services, mission, vision, objectives, themes, positions and packages . Moreover, the report reflected my internship activities and the main part of Budget preparation with the objective of preparing it, elements of the budget, steps of the approvals & meetings, challenges, importance of Budgetary control as internal control Mechanism and topic findings. Finally the report has provided with some recommendation and a brief conclusion according to my observation and experience as an individual.