Management Accounting Coop Training Report: Al-Sudais & Partners

This report presents a comprehensive overview of a coop training experience in management accounting at Mohammed S. Al-Sudais & Partners Co., a prominent transport company in the Kingdom of Saudi Arabia. The report details the organization's structure, focusing on its transport, real estate, and agricultural departments. It outlines the objectives of the internship, which included understanding accounting principles and their practical application. The report covers the internship's approach, including the duration, concepts learned such as financial processes, double-entry accounting, journal entries, ledger postings, balance sheets, and income statements. It also addresses challenges faced during the training, such as ensuring the accuracy and authenticity of accounting reports, and the solutions implemented, including expert guidance. The report highlights the experience gained in understanding accounting and finance concepts, transaction posting, journal and trial balance preparation, and financial statement creation. Key techniques learned include international accounting standards, dual principles, and bookkeeping practices. The internship provided valuable insights into real-world financial and accounting issues, enhancing the understanding of theoretical concepts through practical application.

Management Accounting
Presented by…

Introduction
The report
looks at
coop
training.
The
company
discussed
is
Mohamme
d S. Al-
Sudais &
Partners
Co.
Organizatio
n has large
fleet of
world class
trailers.
The
company
was built
under
leadership
of Sheikh
Mohamme
d Saleh-Al-
Sudais and
sons.

Mohammed S. Al-Sudais & Partners Co.
Department overview
The organization is involved in transport,
real estate, and agricultural.
The organization has separated these
activities into different department
Work Description
Objective
The objective is to grasp learn about
accounting.
The concept forms basis of financial
functioning of business.
The internship served as basis to learn
accounting and use it in real scenarios.
Background
Accounting is important to implement
in real life.

Continued…
Approach
This internship was
done on 4/2/2018.
period of ten weeks and
it comprised 35 hours
per weeks.
Different concepts were
done on personnel
departments.
There were also
assignments provided.

Topic learned
Financial process
via accounting
statement
Concept of
double entry
Journal entries
preparation
Posting the
journal entries
into ledger
accounts
There are other
components
Balance sheet,
income statement,

Continued…
Model
In Internship there was use of
accounting principles such as double
entry, financial process concepts.
Others related to journal,
ledger and the trial balances.
Problem faced
preparing of the accounting reports
accurately and Authencity
requirement.
Solutions
financial statements requires
guidelines from the expert to all
personnel department.

Continued…
Experience acquired
understanding different concepts
of the accounting and finance.
posting transaction, journals, trial balance
preparation, and financial statement
Techniques learnt
Different concepts, theories
and principles in accounting.
International accounting standards,
dual principle and book keeping.
Task Accomplished
Preparing financial
statement.

Summary
Various concepts in
accounts and
financial were
learnt from the
internship.
The internship
helped
understand
financial and
accounting
issues.
There was
expert
guidance
provided.