Performance evaluation & forecasting for the future performance of Transcom Electronics Limited

Abstract

The internship program is a requirement to get BBA degree. As part of my internship program I was assigned to complete my organizational attachment at Transcom Electronics Ltd. I am posted under the Department of Finance and Accounts. This company had originated with tea plantation in 1885; today it is one of the leading and fastest growing diversified business houses in Bangladesh employing over 5000 people. Not many industrial groups in Bangladesh can claim a history of continuous business pursuits stretching back over 100 years. Initially tea and jute formed the backbone of the family business. Although these are still part of the activities, they contribute marginally to the overall group turnover. These early industrial ventures have moved over to businesses involved in high-tech manufacturing, international trading and distribution, forming strong ties with a host of blue chip multinational companies. In recent years Transcom has emerged as an increasingly significant media house in Bangladesh.

The Department of Finance and Accounts deals with the banks, dealers' channels and other parties for payments their bills and collects receivable and also prepared annual budget, balance sheet, income statement and cash flow statement. My primary job in this department is to cooperating finance and accounts team. My responsibility was to cooperate the Financial and Accounting team. The team needs some analysis of bank reconciliation and preparation of bankbook, which I give them whenever they need. Doing such job there is an opportunity to learn how the office work gets done. Time management is a very crucial factor to manage.