Aditya Mishra SOL
Aditya Mishra SOL
UNIVERSITY OF DELHI
SUMMER INTERNSHIP
PROJECT FINANCE
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Chapter: 1
Introduction
1.1 Introduction
The internship report was made after having internship
with Tiwari and Associates particularly in Finance
Departments from 01/06/2023 to 30/08/2023. This chapter
contains the following background of internship;
background of the organization; location; mission; gender
in the organization; organization structure; and other
main activities carried out by the organization
Secondary Sources:
Tiwari and Associates Asset Management Ltd
Annual Report
Financial background for each employees of Tiwari and
Associates
Finance Division.
Financial and Taxes format
Financing and taxing guidelines provided by the Finance
department.
1.5 Limitations
Limitation of employment personal.
Lack of practices in Finance department.
Finance department was hesitant to provide information,
because of difficulty in accessing sensitive data and
information.
Non-availability of some previous statistical data.
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Chapter 2
Organisation Profile
2.1 Overview:
Tiwari & Associates in Karol Bagh, Delhi helps in the
methodical management of taxation and financial matters they
are expert financial professionals who take care of the
budgeting auditing toxing and business strategies for their
clients by taking care of the financial matters of a business,
they help them scale great heights.
Tiwari & Associates in Karol Bagh, Delhi . Established in
2017, they have an in-depth knowledge of financial matters.
With them long care of the financial aspect of business can be
focus on the other areas with ease.
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unwavering commitment to excellence, innovation, and
ethical practices. By continuously adapting to the evolving
financial landscape and embracing cutting-edge technologies,
we aim to set new standards in the industry. We envision a
future where every client achieves their financial goals with
confidence, guided by our expertise and personalized
solutions. Through our dedication to empowering financial
success, we strive to make a meaningful difference in the lives
of our clients and the communities we serve.".
2.4 Key
Integrity: Upholding honesty, transparency, and ethical
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Teamwork: Promoting collaboration, communication,
and mutual support among employees. A cohesive and
collaborative team ensures that the firm operates
efficiently and effectively.
Accountability: Taking responsibility for actions,
decisions, and outcomes. Holding employees accountable
fosters a culture of ownership, where individuals are
committed to delivering results and learning from
mistakes.
Compliance: Adhering to all relevant laws, regulations,
and industry standards. Compliance ensures that the firm
operates within legal boundaries, protecting both clients
and the organization from potential risks.
Confidentiality: Safeguarding client information and
maintaining strict confidentiality. Clients must trust that
their sensitive financial information is secure and
protected from unauthorized access.
Social Responsibility: Engaging in socially responsible
practices, such as supporting community initiatives,
environmental sustainability, and ethical investments.
Financial firms can make a positive impact on society
while pursuing financial goals.
Long-Term Focus: Encouraging a long-term perspective
in financial planning and investments. Firms should
prioritize strategies that promote sustainable growth and
stability for their clients' financial futures.
Education: Empowering clients and the community
through financial education. Providing resources and
knowledge to help individuals make informed financial
decisions contributes to financial literacy and
empowerment.
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2.5 Product Range:
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Chapter 3
Overview Of Finance
3.1 Finance
Finance is a broad term that encompasses various activities
related to the management, creation, and study of money and
investments. It plays a fundamental role in individuals' lives,
businesses, and economies, providing the foundation for
making critical financial decisions.
The finance industry is a multifaceted sector that encompasses
a wide range of businesses and services related to managing
money. It plays a pivotal role in the global economy by
facilitating the flow of funds between individuals, businesses,
and governments. The industry comprises various institutions,
including banks, investment firms, insurance companies, and
financial markets, each serving distinct functions within the
financial ecosystem.
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Risk Management: Finance assists in identifying,
assessing, and managing various types of risks, such
as market risks, credit risks, operational risks, and
more. Through tools like insurance, derivatives, and
diversification, individuals and organizations can
mitigate potential financial losses.
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Liquidity Management: Finance helps individuals and
organizations manage their liquidity needs. Effective
liquidity management ensures that entities have enough
cash or assets that can be quickly converted into cash
to meet short-term financial obligations and
emergencies.
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Chapter 4
Data Analysis and Findings
WEAKNESS:
Market Volatility: Tiwari & Associates are susceptible
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to market fluctuations and economic downturns.
Sudden changes in market conditions can impact the
firm's
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investments and financial portfolios, leading to losses
and decreased client confidence.
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OPPORTUNITY:
Digital Transformation: The rise of digital technology
offers Tiwari & Associates the opportunity to enhance
customer experience through online banking, mobile
apps, and digital payment solutions. Embracing
fintech innovations can attract tech-savvy clients and
improve operational efficiency.
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THREATS:
Regulatory and Compliance Risks: Tiwari & Associates
operate within a highly regulated environment.
Changes in regulations, compliance failures, or legal
disputes can result in fines, legal actions, and
reputational damage. Staying updated with evolving
regulations is crucial to avoid non-compliance risks.
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Chapter 5
Conclusion and Recommendations
5.2 Conclusion
Self-assessment as future professional
In the modern education system internship plays a crucial
role as the act of mediator for the student to connect the
theoretical knowledge with practical working environment.
Internship program provides an opportunity to provide
practical knowledge along with academic program. Exact to
the motive of the internship program during the internship
period, I got an opportunity to explore the theoretical
knowledge into the real working environment. As an intern I
was assigned in various departments for different tasks in the
department like day book, balance certificate, central store
department, NRB department etc. The main purpose of the
internship program is to help the students by allowing them to
be practically involved in the activities carried out by the bank
on daily basis. Internship program has provided us an
opportunity to gain practical exposure in the real banking
world and obtain some experience that acts as a stepping stone
before entering into professional world hence, enhancing our
personal skill and capacity and developing managerial skills
and behavior. This program has helped in improving the
people skills, human skills and analytical skills. It has also
helped in developing the ability to work under pressure and
how to work in a team. Although the three months internship
period was not full enough to understand all the banking
system as a whole, but still the period has proved to be very
valuable in understanding the practical implications and
knowledge exposures. The internship program helped to learn
the dynamics of work culture, professionalism and systems in
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the business world. The intern is able to learn various
new knowledge as well as the practical implications of
various theoretical knowledge after the three month
internship
exposure. As a self assessment, the achievements that I
gained through this internship are:
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5.3 References
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Boyd, K. (2017). The Complete Guide To Double-Entry
Bookkeeping. Retrieved May 2, 2018, from
https://quickbooks.intuit.com/r/