Accounts Manager Final Report

Name of Business or Work Site:

Wesco Oil

Business or Work Site Address:

32 San Remo Drive South Burlington, VT 05403 United States

Internship Supervisor Name:

Mike Sarvak

Internship Supervisor's Title:

Office Manger

Supervisor Email Address:

[email protected]

Supervisor Telephone Number:

(802) 864-5155

COURSE INFORMATION

NVU-Johnson Course Number:

ACC-4810 Accounting Internship

NVU-Johnson Academic Departments:

Business Administration

INTERNSHIP TIMING AND GRADING OPTIONS

Internship Semester:

Spring 2022

Grading Option:

Graded

Internship Start Date:

February 01, 2022

Internship end date:

March 22, 2022

Internship Work Hours - The number of credits you request registration for are subject to program guidelines and requirements. Please check with your advisor should you have any questions. :

270 Hours - 6 credits

INTERNSHIP PLAN

Job Title:

Account Manger

Is this a paid internship? :

Yes

What is your compensation? :

17/hr

What types of professional development will the student receive in addition to orientation and on the job training? :

Professional Development Objectives: At the end of the internship, the employee should demonstrate the skills needed to understand and identify small scale work flows and be able to understand the process for determining possible accounting and process errors. Employee should be able to utilize these skills and understandings as applied to the larger Wesco Inc. operations. Orientation: Employee will become familiar with portions of the general ledger that had previously been unnecessary in the scope of their current job. We will explore the various accounting documents and information sources needed to gain a fuller understanding of how and where transactional details are generated and how their ultimate disposition impact our understanding of the general ledger, balance sheet and the company profit/loss picture.

Please summarize the job description:

As account manager, employee will be required to review all pertinent accounting information regarding the sales, expenses, assets and liabilities of one of Wesco Inc.’s associated operations, C-Store Contracting LLC. As a smaller operation, the employee will be responsible for examining weekly and monthly transactions and their impact on the company general ledger (payroll, accounts payable, accounts receivable, etc.). Employee will work on intercompany transactions and how they are accounted for as well as provide end of month account reconciliations.

COURSE OBJECTIVES AND EVALUATION GUIDELINES

Learning Objective 1:

Show proficiency in tracing transactional detail for the primary banking accounts and how those transactions affect the general ledger.

Learning Objective 2:

Show an understanding of intercompany transactions, their impact and the institutional thought process used to design these work flows.

Learning Objective 3:

Show the ability to identify missing or potentially misapplied transactional data through development of a process checklist.

Learning Objective 4:

Demonstrate a familiarity and understanding of the processes necessary to produce an end of month profit/loss statement as well as an understanding of what potential changes may be necessary to improve/explain end of month results.