Financial performance analysis of Somoy Media Limited

Abstract

The internship program is mandatory for every graduate student from BRAC Business School. By doing the internship we will be able to relate those theoretical knowledge with the practical understandings and observations. Somoy TV is considered as one of the prime 24/7 news channel in Bangladesh. Somoy TV is a concern of Somoy Media Limited which started its regular transmission on 17th April 2011. “Somoy Television aims to bring a positive change in Bangladesh through valuable, balanced and accurate news and information.” It was a great pleasure for me to become a part of Somoy Media Limited even if for a shorter period like internship. This internship gave me the opportunity of working in a 24/7 News channel Company. The environment of the office was very friendly and all the members were very much co-operative. I have been assigned to different types of task in the Finance and Accounts Department during my internship period. And I believe that I have tried my best to complete all the assigned task accurately by following the instructions provided. The main objective of this report is to evaluate the financial performance of Somoy Media Limited based on the external auditor’s report. And understand the outcome of the evaluation of financial performance of SML. Also determine the effectiveness and weakness of SML and lastly recommend the way of improvement where needed.