Financial reporting system of BHL Group

Abstract

In this internship report, the Financial Reporting System of BHL Group Limited has been studied with a deep concern to Accounts and Finance Department. The ceramic industry is highly competitive and the BHL Group Limited, a leading player in the industry, operate in an environment that is dynamic. This is an attempt to present a complete sketch about how the company reports its financial, how the financial information is generated, what is the roll of the Accounts and Finance Department, and how it ensures the accuracy, transparency and regulatory comply. During the internship period, very extensive research, observation and interaction was carried out to understand their history, structure and above all their financial reporting framework they use. Financial reporting is emphasized in the report as an aid to informed decision making, to instill investor confidence and in promoting accountability and transparency in corporate governance. The relevant aspects of the Financial Reporting System are covered in respect to the quality of the financial reporting process concerning the preparation and presentation of the financial statements, in parallel with the volume of accounting ratified standards and regulations, the internal controls system and the relevant possibilities of the use of accounting software and tools during the accounting process. Additionally, the report addresses the capability of the Accounts and Finance Department in handling finance data, assessing financial results and delivering information on finance to stakeholders timely and accurate. Additionally, the challenges and opportunities experienced during the internship are discussed, together with suggestions for improvement. The areas where we can improve include reporting where we could make things simpler, data accuracy and reliability, how we handle the automation side using technology, and continually training and developing of finance professionals. In conclusion, I have learned as an intern of BHL Group Limited a lot can be learned about financial reporting in a corporate environment. This report attempts to increase the understanding of financial reporting in corporate governance and business sustainability, through the examination of the practices and processes of the Accounts and Finance department.