Abstract

The internship report takes into account the practical experience obtained during my one month field study with JEVISON FINANCIALS. All information contained in this report is for academic purposes are being held confidential. The report is centred on JEVISON FINANCIALS microfinance institution, their products and services, experience obtained, SWOT analysis, distinction between theories and practical, difficulties faced recommendations and conclusion.

The report begins with introduction which takes into account the background of study, the definition of internship, characteristics, objectives, importance and limitations of internship.

Secondly, an overview of the organisation with special attention on the introduction, the brief history of JEVISON FINANCIALS, their products and services, objectives and mission of the institution, branch organisational structure and functions of the various departments. Also, the report continues with the training programs, which entails a detailed description of the various areas of study and operations or activities of all departments with focus on some tasks assigned to the intern.

In addition, the report brings in critical analysis and focuses on the relationship between theory and practical, SWOT analysis of the organisation.

Finally, the report ends with the problems encountered, recommendation/suggestions and conclusion, describing the organisation according to evaluations or assessments in the critical and SWOT analysis.

CHAPTER ONE

INTRODUCTION

1.1 Background Of The Study

An internship is a pre-professional experience whereby individuals get the required experience to get hired in a career field of interest. By completing an internship students will develop the knowledge and skills employers seek in this competitive job market. Although courses taken in college can help prepare for a future career in a specific field, it is the experiential component that actually provides the skills necessary to enter a field and be successful.

There are many types of internships available. An internship for an art student seeking experience in a museum will look very different from the internship that an environmental studies student might do to help improve the water quality in a local community. Just like jobs, internships come in all shapes and sizes and there is no limit to the types of internships available since they can be anything that suites ones imagination.

Internships can open the door to getting a job. For college students it’s important to complete the required courses to get a degree but often not enough to be able to crack the job market and get hired in the field. In addition to gaining the required knowledge and skills, internships also provide a snapshot of what it would actually be like working in a particular field.

This internship is done by the student of UB on an annual basis. That is, it is done yearly. UB sends out students on internship unlike other schools for them to gain more practical skills.

1.2 Characteristics Of Internship

A good and effective internship has certain characteristics which include things like the period and the general organization as stated below:

• An internship contributes to the student’s personal and professional development through challenging work assignments and it is completed before the student graduates from the university.
• An internship should balance the work need of the organization and the learning goals of the interns.
• Internships promote academic, career and personal development.
• Internships are distinguished from a short-term job or volunteer experience in that there is an intentional “learning agenda” structured according to the experience to be gained.
• The duration may be anywhere from eight weeks to two years, but typically the last course of a semester.
• Internships are planned and scheduled through consultation with the department or university so as fit into the undergraduate experience.
• It involves a supervision component that is mentoring and educational. This supervision is carried out at the organization.
• It includes career related experiences that complement what is learned in the classroom. This simply means matching theory to practical.

1.3 Objectives Of Internship

There are always objectives in every activity that humans carry out, as such below are the objectives of the internship.

• The main objective of my internship is simply to match theory to practical and this will enable me to be ready for the job market.
• Internship is also meant to help strengthen my professional skills and interpersonal relationships in a professional setting.
• To allow me to get acquainted with business practices and procedures used in various organizations.
• To provide me with preliminary work experience that can prepare me for my future career.
• To solve the problem of lack of technology and office space.
• To meet up with departmental requirements for graduation
• To be able to gain banking skills so as to carryout transactions effectively and efficiently.

2.1 Presentation Of The Organization

Jevison Financials is an accounting and finance professional service firm providing expert services to both profit and non-profit making organizations, in the area of bookkeeping and financial reporting, practical banking, account review and internal audit services, payroll and CNPS management, taxation services, corporate skills training and provision training business software.

2.1.1 Vision

Jevison financials has a vision to be the leading and most preferred professional service and third party banking institution in Cameroon and beyond.

2.1.2 Mission

Our mission is to provide expertise tools and systems to build competences and ensure better business accountability and sustainability.

2.1.3 Organizational Objectives

• Help businesses setup good recordkeeping system.
• Helping understanding their records and make informed decisions.
• Provide business with tools and systems for proper recordkeeping.
• Providing dedicated expertise in bookkeeping and financial reporting.
• Providing competent financial advisory service for better financial management.
• Helping businesses minimize and timely comply with their tax obligations.
• Building corporate competence with trainings and workshops.
• Provide standard banking support service to both financial institutions and individuals.

2.2 Historical Evolution Of Jevison Financials

With the need for better accountability and sustainability, individuals and businesses cry for a strong support system to help them better keep records and grow their businesses with clear and accurate financial figures.

This led to the creation of Jevis and Associates Consulting in August, 2016, an accounting and finance professional service firm to provide expert support service to both profit and non-profit institutions in the area of record keeping, taxation, financial management and internal audit services alongside payroll, CNPS and inventory management, installation of enterprise management system and trainings.

In November 2019, the firm witnessed a change of name by management decision to Jevison Financials. Jevison Financials is located in Buea, south West Region, of Cameroon.

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