Internship report on budgetary policies, procedures and controls: South Asian Institute of Policy and Governance

Abstract

My internship report is about the experience and skill I gathered from the accounts department of South Asian Institute of Policy and Governance. It shows the analysis of budget making process and the control mechanism of the budgetary policy. The whole report summarize about my three month internship period, it mainly says about the institution, my responsibilities toward the institution and my learning from the institution. It provides the information about SIPG, and my working experience in the institution. I am going to discuss the details about the research center in the paper and also going to share my experience at working in the institution as an accounting department intern. The report’s main objectives are to know about budget policies and procedures of the institute and the need of budgetary control mechanism. It fulfills the answer of the research questions “How budget estimation helps the institute to do a proper structure and give direction on details of the projects” and “How different projects budget helps to measure the performance of the institute from the comparison in the budget variance and what is the need to control the variance”. The finding and analysis of these research questions are the budget preparation process and the importance of the budgetary control policy. These findings were concluded from collecting data through primary and secondary methods. In Conclusion, the report will provide what are the budget making process, policies and procedures of the institution and if there is budget variance then how they control it. These will contain the proper working process of budget making in the institution for different projects.