The activities of the accounts department of AJI Group Ltd.

Abstract

This executive summary highlights the main conclusions and observations from my internship report and offers a thorough picture of my internship experience at the AJI Group, a well-known RMG firm in Bangladesh. I got the chance to work in the accounting department and get important insights into the company's financial operations during my internship at AJI Group, one of the top RMG businesses in Bangladesh. The internship period was from 13th March 2023 to 13th June 2023. Throughout my internship, I took part in a variety of projects and activities that gave me practical experience and improved my comprehension of the organization's accounting procedures. I took a proactive role in the accounts department's use of accrual-based accounting to record and manage financial transactions. I became aware of the need for fast and correct invoice recording for both consumers and suppliers. The department's emphasis on maintaining accurate records and keeping track of unpaid invoices ensured effective administration of accounts payable and receivable. I additionally was familiarized with accounting softwares such as tally and EKP that will come in great use for future endeavors, In addition, I had the chance to work with the inventory management and cost control team, where I discovered the significance of FIFO-based inventory value. I got to see firsthand how important good inventory control is for cutting costs and guaranteeing efficient production. Furthermore, this report discusses the overall activities undertaken by the accounting department of AJI Group in brief details. This report will provide an insight of how the accounting department of such a massive corporation works in terms of inventory management, financial recording and bookkeeping, financial reporting, internal and external audit, tax management, payroll system and all other information regarding the activities of AJI group’s accounts department. I would like to express my heartfelt gratitude to the management and team at AJI Group for their assistance, direction, and mentoring throughout my internship. My professional development in the subject of accounting has been considerably influenced by the knowledge and experiences I received during my internship.