Financial Analysis of the Financial Statements of the Companies and Inorganic Strategy Development

Abstract

This report provides the summary of the Summer Internship Project completed during two months in R K Doshi & Co LLP as a Finance Intern. The work was divided into 2 domains i.e. HR Domain and Finance Domain. The company wanted to acquire bookkeeping / accounting firms in the UK, USA and Australia, so, inquiries were posted to various accounting firms in these countries as R K Doshi & Co LLP wanted to expand its business. Also, the inquiries were posted to the various Certified Public Accountants (CPAs) for the collaboration with the company for its overseas clients. In HR Domain, Interviews were taken of potential candidates who were suitable for the vacant post in three rounds and in Finance Domain, analysis of the financial statements was done, applying the theoretical knowledge into practical examples. Methods of analysis include horizontal and vertical analyses as well as ratios such as Debt, Current and Quick ratios. Other calculations include rates of return on Shareholders’ Equity and Total Assets and earnings before interest & Tax. I also received the knowledge transfer on the interpretation and applications of the Financial statements through the practical examples. I also learnt about the ratios and their interpretations which helps all the stakeholders to know the financial position of the Company. During the course of the Summer Internship Project, I learnt about the Accounting and Finance Domain which will definitely help me with choosing the correct future path. And also, it helped me to hone my Interpersonal communication, Time Management and Problem-solving skills. Overall, the experience was challenging as well as full of opportunities.