Browsing by Author "MISBAH YASEEN"

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    INTERNSHIP REPORT ON NADEEM & CO. CHAERTED ACCOUNTANT
    (Library Information services, CUI Lahore, 2023) MISBAH YASEEN; FA20-BBA-266); SIR MUHAMMAD ABUBAKAR SIDDIQUE
    I have prepared the Internship Report on NADEEM & CO. CHATERED ACCOUNTANT. I joined this institute as a BBA internee. My internship is based on six weeks. This internship report is actually a brief discussion of the functions that are performed at NADEEM & CO. CA. This report is all about the background information of firm, organization structure, SWOT analysis, different strategies, my learning procedures and difficulties I faced during internship. Nadeem & CO. CA. is established in 2006 and its CEO is Nadeem Butt who managed the firm very efficiently. This organization contain well known and experience able person like CEO, general manager and assistant tax officer. Nadeem and Co has developed an advantage over other branches by keeping its structure of hierarchy simple and less complex. As this organization performed very well in Pakistan Tax Economy by maintaining its ethical behavior and my using its strengths. It also competes with its competitor with better and new innovative ways and by staying up to date about tax economy. As an internee in this firm I learned about so many things like taxation, accounts and software’s. Everything is new for me specially quick book software, I also worked on taxation prepare FBR notice and reply letters under different sections. Tasks accomplished and different kinds of procedures and techniques learned about Advance Tax. During my learning procedure I face many difficulties like using new software’s. As this firm is good in delivering new knowledge but there are some deficiencies which they to improve like they should appreciate their employees regarding their work, should increase their salaries and also give some rewards like bonus etc. on special occasions and on extra work. They should also need to expand their office and offer employment opportunities for accounts that help them in their work like taxation and auditing. If they improve these things and work on them they should compete with their competitors. This internship and knowledge which I learned help me in career development. As excel and quickbook softwares help us ne future. We can perform statistical analysis, calculate averages, and create charts and graphs if we had command on excel. Microsoft Excel is a spreadsheet application that provides Accountants with functions and formulas to organize data and numbers. QuickBooks helps individuals understand financial management by tracking income, expenses, and generating financial statements. This knowledge is crucial for roles in finance, business management, and entrepreneurship. Using QuickBooks provides hands-on experience in accounting processes. Users learn about financial transactions, journal entries, and general ledger management, which are fundamental accounting principles.