Finance and accounting internship paper Term Example | Topics and Well Written Essays - 3750 words

Finance and accounting internship - Term Paper Example Ibrahim, one of the finance managers, who directly reported to the Vice-president Finance department. However, the received my daily tasks and assistance from the financial executives who were in Mr. Ibrahim’s team. Mr. Ibrahim evaluated my performance, which my senior provided me. I assisted financial executives in different accounting and financial management functions associated with the construction of few projects for eminent clients of Abu Dhabi. I assisted my managers in tasks ranging from posting expenses, and other transactions, calculating payroll, planning payment schedules, internal auditing, tax compilation, etc. It was a great learning experience because I could explore and actually understand various financial functions practically. Acknowledgement I would like to express my gratitude to Wahat Al Wafa General Construction and Maintenance Company, and Mr. ... They have been my mentor throughout my internship. Last but not the least; I thank my family and friends, as without their motivation I would not have been able to achieve success through my internship. Chapter 1: Introduction This section of the study aims at introducing the readers to the industry of general contracting and maintenance of Abu Dhabi, so that they can understand the nature of work the company does, and its position in the market. 1.1 Brief Insight of the General Contracting and Maintenance Industry in Abu Dhabi The maintenance and construction sector includes establishments primarily construction of highways, buildings, or utility system. The establishments are mainly engaged in preparation of new sites for construction and sub-dividing various plots of lands for sales. The construction work that is generally done includes maintenance, repairs, alterations, etc. In the next few years Abu Dhabi is going to lay out a fully developed plan for becoming a global leader in maintenance and construction sector. Even after the global recession and real estate crisis in Dubai, Abu Dhabi was not knocked off, and it succeeds in registering a growth of 33.5 percent in the year 2008. According to the records stated by Emirates, the maintenance and construction sector also showed an escalating growth in 2007, when the rest of the world stated facing the heat of financial crisis (Campbell, 2007; Weygandt, Kimmel, & Kieso, 2010). The major reason which this industry is flourishing in Abu Dhabi and other Gulf countries is due to increasing interest of tourist in the country. Construction and maintenance of hotels, villas, parks, sports facilities, luxury pent houses, etc have increased in the