Accounting Procedures of a Service Company: A Case Study On “Cloud Cake & Foods”

Abstract

This internship report is prepared based on three months of internship experience at Cloud Cake and Foods. This internship program is a requirement to get a BBA degree. The main perspective of this report is to present practical experience, responsibilities and learning gained during this three-month internship period. During the internship, the intern has to engage in lots of accounting and financial activities. Key responsibilities included processing daily sales transactions from seven outlets and recording digital payments such as bKash, Nagad and City Bank. Also reconciling these transactions with bank settlement reports from Dutch-Bangla Bank and MTB Bank. The intern also had to update the purchase invoices, assist in stock reconciliation and gain an understanding of salary sheet preparation. All of these accounting and financial activities were accomplished by using the Manager Accounting software, which helps to maintain the accounting activities smoothly and ensure transparency and accuracy. This report also provides an overview of Cloud Cake and Foods, its industry background, operational activities and the role of technology in supporting accounting and audit related processes. However, throughout this internship, the interns developed practical accounting skills, analytical ability and overall experience in managing real accounting and financial data within a professional environment. Overall, it can be said that the three-month internship experience at Cloud Cake and Foods was a valuable learning experience that successfully connected the theoretical knowledge with practical application and contributed greatly to professional growth in the field of accounts and finance.