About this course
Finance Internship Program: 6-Week Structured Learning and Experience
This finance internship program offers a comprehensive understanding of key financial functions and provides practical, hands-on experience over six weeks. Interns will work across various finance domains, gaining insights into financial analysis, budgeting, investment planning, compliance, and risk management.
Program Highlights
1. Financial Analysis and Reporting
- Analyze financial statements to assess company performance.
- Assist in preparing monthly and quarterly financial reports.
- Support cost analysis and variance reporting.
2. Budgeting and Forecasting
- Participate in preparing and reviewing departmental budgets.
- Monitor financial performance against budgets and provide insights.
- Learn financial modeling techniques for accurate forecasting.
3. Investment Planning
- Research market trends and investment opportunities.
- Assist in preparing portfolio performance reviews.
- Provide support in evaluating risk and return on investments.
4. Accounts and Taxation
- Manage basic bookkeeping and assist in reconciling accounts.
- Support the preparation of tax returns and compliance documentation.
- Learn about GST, VAT, and income tax regulations.
5. Compliance and Risk Management
- Review internal financial controls and ensure regulatory compliance.
- Assist in risk assessment processes for financial decisions.
- Support audit preparations and coordinate with auditors.
6. Treasury and Cash Management
- Monitor cash flow and support daily treasury operations.
- Assist in managing vendor payments and receivables.
- Support the preparation of cash flow forecasts.
Expected Outcomes
By the end of the program, interns will:
- Gain practical experience in essential financial functions.
- Improve analytical and problem-solving skills in finance.
- Develop a deeper understanding of financial compliance, reporting, and risk management.
- Be well-prepared to tackle real-world financial challenges with a balanced approach to learning and application.
Requirements
Laptop
Internet Connection
Microsoft Excel
Tally ERP 9
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To gain a solid understanding of fundamental accounting principles, the accounting cycle, and key financial statements, providing a foundation for further finance-related tasks.
To analyze a sample balance sheet and income statement, identify key financial ratios, and assess the financial health of a business.
To develop proficiency in using basic Excel functions such as SUM, AVERAGE, IF, and LOOKUP to perform essential financial calculations, including revenue, expenses, and profitability.
To develop proficiency in using pivot tables and financial modeling techniques in Excel to analyze financial data and create an interactive dashboard with key insights and visualizations.
To familiarize students with the basics of Tally ERP 9 by setting up a company profile and entering basic financial transactions, providing a hands-on understanding of accounting software functionalities.
To understand and perform bank reconciliation in Tally ERP 9 by matching the company's recorded transactions with the bank statement, identifying discrepancies, and generating a reconciled report.
To develop a comprehensive budget plan for a hypothetical company using Excel, incorporating projected income and expenses for the next fiscal year, and utilizing formulas and charts to analyze financial data.
To understand and record GST transactions in Tally ERP 9, generate GST reports, and analyze the breakdown of input and output tax for compliance and reporting purposes.
To analyze a company’s financial health by calculating and interpreting key financial ratios, focusing on liquidity, profitability, and solvency ratios using financial statements.
To learn how to configure payroll in Tally ERP 9, process employee salaries, and generate salary slips that include basic pay, allowances, deductions, and net pay.
To conduct a cost-benefit analysis for a business investment decision using Excel, summarizing costs, expected benefits, and calculating the return on investment (ROI) to aid decision-making.
To develop a monthly cash flow statement in Excel, tracking inflows and outflows to assess liquidity and cash management efficiency.
To evaluate the working capital needs of a business by analyzing current assets and liabilities and proposing strategies to optimize working capital efficiency.
To compare budgeted financial data with actual results, identify variances, and highlight areas that need corrective action using Excel.
To perform an internal audit checklist review to assess compliance with financial regulations, internal controls, and business policies, and provide recommendations for improvement.
To evaluate investment decisions using key financial appraisal techniques, including Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period. This will help in determining the viability of business projects based on cash flow projections.
To analyze a capital expenditure decision using Excel by evaluating financial data, applying capital budgeting techniques, and recommending whether to proceed with the investment.
To create a comprehensive tax compliance checklist for a company, ensuring all tax obligations are met on time, and filing requirements are adhered to in order to avoid penalties and maintain regulatory compliance.
To generate a Profit and Loss Account and Balance Sheet in Tally ERP 9, providing a snapshot of the company’s financial performance and position with detailed explanations of key financial metrics.
To conduct a comprehensive financial performance analysis of a company by combining data from Tally ERP 9 reports and Excel analytics to assess profitability, liquidity, and financial stability, providing actionable recommendations.
