During their internship, the students will be tasked with addressing various accounting challenges and solving real-world problems related to financial management. These may include:

-Financial Statement Preparation: Students may need to prepare accurate and up-to-date financial statements, including the balance sheet, income statement, and cash flow statement. They may encounter discrepancies or incomplete records that need to be rectified.

-Tax Compliance and Reporting: Another aspect of the internship could involve ensuring compliance with tax regulations and producing tax reports for the company. This might involve calculating corporate taxes, sales taxes, and payroll taxes accurately and submitting them to the relevant authorities.

-Financial Forecasting and Analysis: Students may be asked to review and analyze financial data to help the company make informed decisions. This could include creating forecasts and projections for future financial performance, analyzing trends, and identifying areas for improvement.

-Budgeting and Cost Control: They might also assist in budget preparation and cost control initiatives. This could involve tracking expenses, identifying cost-saving opportunities, and ensuring that expenditures align with the company's financial goals.

-Internal Controls and Auditing: Students may be involved in assessing internal controls to ensure the accuracy and reliability of financial information. They might assist in conducting audits or implementing measures to prevent fraud and errors.

Overall, the students will be expected to apply their accounting knowledge and skills to address practical accounting issues faced by the company, contributing to its financial health and success.

The final deliverables should take the form of:

The Financial Statements Package will be prepared using accounting software such as QuickBooks, Xero, or Sage. These statements will then be exported into PDF format for distribution. Excel may also be utilized for calculations or to present supplementary data.

Tax Reports will be prepared using specialized tax software such as TurboTax or software provided by tax authorities. The final reports may be in PDF format, while supporting schedules and calculations might be in Excel format.

For the Financial Forecasts and Analysis Report, the financial forecast models will be created in Excel due to its computational capabilities and flexibility. The analysis report will then be written in Word or PDF format to present the findings, interpretations, and recommendations in a clear and structured manner.

In summary, a combination of Excel, Word, and PDF formats will be commonly used for delivering accounting-related documents, tailored to the specific requirements and nature of the deliverables.

The students will be guided and accompanied by the V-P Executive throughout the course and the CEO-Founder of the company.