Accounting Procedure in Recordkeeping Department at SKY FISH LTD

Abstract

EXICUTIVE SUMMARY This internship report is mainly conducted with the accounting procedure and recordkeeping system of the company. Sky Fish Ltd. Company established 2019 so I am working this report based on one year information. Basically, I want to find out their accounting system and how they record their bills-vouchers, revenue, expenses, purchase products, sales procedure, inventory valuation, foreign currency and so many things. The company receive their income from sales their goods and services. It is essential for the company to maintain an effective accounting system to satisfying the requirements of various shareholders. A set of guidelines is needed to recognize or record transactions according to the standard procedure required reports. There were scopes and limitation as well while assembling this report. In the finding and analyzing part the main segment of the study has been spoken about the significant accounting policies, how the company run, what should they need and so on? Lastly this report ends with concluding how the financial statement occurred last year in Sky Fish Company and recommending whether they should improve their performance or keep it the way as it is.