Financial performance of revenue accounting department: case study on Grameenphone Ltd.

Abstract

The report I am submitting is for my internship in Grameenphone Ltd. Grameenphone widely abbreviated as GP, which is the leading telecommunications service provider in Bangladesh. With more than 56 million subscribers as of January 2016, Grameenphone is the largest mobile phone operator in the country. It is a joint venture between Telenor and Grameen Telecom Corporation, a non-profit sister concern of the microfinance organization and community development bank Grameen Bank. Telenor, the largest telecommunication company in Norway, owns a 55.8% share of Grameenphone and Grameen Telecom owns 34.2% and the remaining 10% is publicly held. Grameenphone was the first company to introduce GSM technology in Bangladesh and built first cellular network to cover 99% of the country. The principal purpose of this report is to demonstrate my internship experience, which would enables me to understand the operations, functionally and overall efficiency of the department. The department I was assigned was Revenue Accounting Department of Finance Division. The departments principal tasks were to asses manage different kind of invoices and calculate Grameenphone’s Revenue- a risk that underlies in the business of any lending institution. My department had to deal the revenue segment like keeping track of all kind of revenues of Grameenphone. In this report, a brief description has been given about the products and services, teams and persons, their reporting relationship and the task of my department. This report also encompasses particular sections that are dedicated to portray my personal viewpoints, experiences, tasks, observations and realizations from my internship in this company. I have include company overview, financial highlights, different departmental activities, revenue accounting departments activities, experience gained from internship along with some recommendation and conclusion.