Industrial training report: Ormond Group

A paid or unpaid internship provides students and recent graduates with practical experience in a particular field or industry for a period of weeks to months. It provides an opportunity to improve resumes, broaden professional networks, acquire practical skills, and refine professional capabilities. Potential full-time employment opportunities with the host company are frequently facilitated by part-time or full-time internships.The objective of this report is to gather my observations and learnings from my 24-week internship at Ormond Group, with a particular emphasis on accounts receivable and finance.This report also highlight the company’s information before discussing the company SWOT analysis. I developed a high level of proficiency in a variety of accounts receivable administration functions, such as refund processing, allocation, and payment collection, as a result of this experience.My internship has enlightened me with invaluable insights into conventional accounts receivable procedures. I acquired proficiency in the collection of payments from debtors through online platforms, thereby guaranteeing the company's accounts were posted and allocated in a timely manner. My time management and adaptability were enhanced by the experience of managing a variety of payment methods, including cash, bank transfers, and credit cards. Additionally, my proficiency in Excel significantly improved during this internship. By mastering fundamental functions, I was able to broaden my capabilities to encompass intricate operations such as data extraction, VLOOKUP, and merging multiple Excel files.To conclude, my 24-week internship at Ormond Group taught me a lot about accounts receivable and finance. In addition to payment collection, allocation, and advanced Excel skills, I performed a SWOT analysis of the organisation, identifying its strengths, weaknesses, opportunities, and threats. This comprehensive exposure has improved my technical skills and understanding of industry organisational dynamics. This internship gave me a good foundation, and I'm excited to apply it to a finance job.