Accounting system of synchronous ICT

Abstract

The Internship Report, with the title as “Accounting System of Synchronous ICT”, is prepared for completing partial requirement of Degree of Masters in Business Administration. For organizing this report, I have tried to draw up my observations and working experience at Accounting and Finance Department of Synchronous ICT. This local software developer company has been delivering unique software packages and world-class customer support since its inception in 2005. This report starts with background, objective and limitations for preparing the report. Then, overviews of Synchronous ICT, its products, department, organogram are described. My major responsibilities are also given here, for presenting a glimpse of my involvement with accounting and administrative tasks of this company. Afterwards, the key part of this report describes accounting systems and procedures of the company. How general accounting related works are carried out, how company’s accounting software assists those, how documentation is done and reports are prepared and presented; all are described concisely in this part. Tax compliance is one of the major responsibilities of every accounts department. In that part of the report, it is also tried to describe briefly how the company ensures this compliance. Before concluding the report at the final stage, I have put forward few recommendations, based on my observation and knowledge.