Industry Engagement for Teamwork and Collaboration- myassignmenthelp

Question: Discuss about theIndustry Engagement for Teamwork and Collaboration. Answer: The following discussion is a mid-placement report on the internship as a bookkeeper. The mid-placement report addresses the teamwork, collaboration, problem solving skills, decision-making, awareness and motivation by the mentor at the workplace. The bookkeeper comes across a variety of clients of the different business entities, various segments at the market and a number of business setups to comprehend and produce the work for. The bookkeeper faces the challenge to recognize the essential business operation of every client. The bookkeeper has to ensure that there is accuracy in the process of the payroll and, record the account of the transactions that are being paid, report the accounts received by the transactions, producing the financial reports and maintaining the balance sheets (Smith, 2014). The internship program is of the bookkeeper. In the midway, the intern bookkeeper is dynamic and qualified at his work. The intern has gained a widespread knowledge f the accounting principles, the policies of taxation, and the procedures that are related to the income tax. The primary strengths that are gained during the internship programme are planning, the ability to solve problems and customer relations (Soudijn, 2012). There has been a familiarity with the financial reconciliations and regulatory reporting. Teamwork The bookkeeper intern has learned to strike and maintain a balance between keeping the books and managing the business of the client. The intern becomes a dedicated keeper of the books and ensures a healthy flow of the financial record keeping. The intern learns to work in a quite environment with a flow in the work that is being done (Monga, 2015). The intern learns to rely on the various communication strategies and methods that are digital. This helps them to nurture their communication skills. The intern learns to work under flexible environments. Collaboration The bookkeeper intern learns to acquire the important documents that are necessary for the client. The acquiring of these important documents is a difficult task. The intern learns the process of collaboration. The new files appear for the bookkeeper and have to be reviewed by him. The use of the document viewer allows the bookkeeper to input the applicable information in the accounting part. The document viewer also allows the assigning of the relevant notes about the clients that enhances the collaboration with the customers and the clients, which allows the easy retrieval of these documents later (Miley Read, 2012). The bookkeeper learns the process of auditing the necessary financial reports. The digital copies that are available are useful for the bookkeeper as there is the movement towards the process of digitalization. The bookkeeper becomes efficient and gains the ability to upload a file easily, search for the documents and focus on the business while concentrating on the m atter of keeping the books updated. Problem Solving The intern during the internship learns to develop a positive attitude skill. This skill is utilized for the issue of accounting. The accounting problems are solved with the help of analysis and collection of information relating to it. The intern takes guidance for solving these problems relating to accounting. The intern learns to develop efficient skills in the process of decision-making. The bookkeeper learns to develop a clear way for communicating the issues of the client. They are the source of the additional work that the client states (Martin et al., 2016). Decision Making The intern of bookkeeping understands the management of the process of decision-making. The intern understands the cost of the sales and the sales of each of the products and service of the client. The calculation of the cost of the sales is learned in the internship program. The taxes that are collected and can be paid also require calculations to be performed. The bookkeeper if is tagged by the tax department then has to go ahead with the decision making process along with the accountant. The bookkeeper learns to understand the financial reports and setting up the management of the tools for decision-making. The intern learns to review the financial report regularly and on time (Junqueira, Kelly Reed, 2013). The intern also learns to manage the spreadsheets for the financial reports of their clients and customers. The managing of the cash flow statements and keeping them updated is the responsibility of the bookkeeper. This is a device for the purpose of reference. The intern also learns to curb the overhead expenses keeping in mind the sale, non-sale and the production of the cost of the staff. Awareness The intern has learnt the application of the BAS services. The intern also gets a relevant bookkeeping experience from the internship program. The training is well and hence the role of the experience is better. The bookkeeper is qualified is able to cope up with the workload in spite of the high hourly rates. The bookkeeper is not afraid to ask the relevant questions to the clients. The bookkeeper learns to be reliable and is aware of not sharing the account related information with everyone (Costas et al., 2013). He manages a three-way communication between the organization, the accountant and the client. They become invaluable and important for the processing of the information of the financial reports of the respective clients. The role of a bookkeeper is important to keep the track of the financial statements of the customers and the clients. They become aware of the analysis of the information that is relevant o the clients. They perform the basic function along with the accoun tants that adds meaning to the financial analysis and reporting. This leads to the success of a business due to the sufficient awareness of the cost savings. Motivation The profession of bookkeeping serves as a vital economic function. The intern of bookkeeper has learnt the process of self-motivation (Chen et al., 2012). He has learned to set the target goals for achieving of the desired goals and results. The monitoring of the balance of the revenue and the expenses of the business of the clients is necessary. This will allow offering of advice to the respective clients. They have to mentor the reporting of the correct databases to the business manager. References Chen, C. C., Jones, K. T., Scarlata, A. N., Stone, D. N. (2012). Does the Holland model of occupational choice (HMOC) perpetuate the Beancounter-Bookkeeper (BB) stereotype of accountants?.Critical Perspectives on Accounting,23(4), 370-389. Costas, J., Ekman, S., Maravelias, C., Spoelstra, S. (2013). Roundtable: Free work.Ephemera,13(1), 11. Junqueira, F. P., Kelly, I., Reed, B. (2013). Durability with bookkeeper.ACM SIGOPS Operating Systems Review,47(1), 9-15. Martin, G. E., Danzig, A. B., Wright, W. F., Flanary, R. A., Orr, M. T. (2016).School leader internship: Developing, monitoring, and evaluating your leadership experience. Routledge. Miley, F., Read, A. (2012). Jokes in popular culture: the characterisation of the accountant.Accounting, Auditing Accountability Journal,25(4), 703-718. Monga, V. I. P. A. L. (2015). The new bookkeeper is a robot.Wall Street Journal,5, 5-15. Smith, G. S. (2014). The Accountant Stereotype: Positive or Negative?. Soudijn, M. R. (2012). Removing excuses in money laundering.Trends in Organized Crime,15(2-3), 146-163.