WHAT DOES AN ACCOUNTING INTERN DO?

• Receiving Reports: Prepare daily receiving reports, verify accuracy, and file supporting documentation.
• Asset Management: Manage capital assets, perform monthly capitalizations, and support annual asset audits.
• Lease Payments: Manage recurring lease payments monthly and ensure timely and accurate processing.
• Accounts Payable: Perform AP functions, including GR/IR reconciliation and review tolerance reports for discrepancies.
• Payment Reconciliation: Reconcile scrap tickets to payments received and investigate variances promptly.
• Journal Entries: Prepare month- and quarter-end journal entries and ensure proper account postings.
• Account Reconciliation: Perform balance sheet and payroll reconciliations and resolve identified discrepancies efficiently.
• Financial Reporting: Ensure business unit financial reports by product accurately reflect performance in accordance with GAAP policies.

Master daily tasks with an Accounting Intern Overview focused on reconciliations, reporting, and financial accuracy

• Cash Management: Record daily cash transactions, prepare cash balance reports, and reconcile bank accounts.
• Journal Entries: Prepare monthly journal entries and ensure accurate and timely financial postings.
• Expense Review: Review and approve expense reports daily and verify compliance with policies.
• Financial Analysis: Assist with monthly financial analysis and perform balance sheet reconciliations.
• Month-End Support: Support the Senior Accountant with month-end close activities and reporting tasks.
• Supplier Management: Maintain up-to-date supplier contact information and assist in processing supplier invoices.
• Tax Filing: Prepare monthly sales tax filings and maintain supporting exemption documentation.
• Audit Support: Assist in preparing support for quarterly reviews and annual external audits.
• Ad Hoc Analysis: Perform ad hoc analysis, account reviews, and support process improvement initiatives.

• Process Observation: Shadow Accounting Department members and observe daily duties to understand workflows and procedures.
• Data Management: Assist with research, filing, data entry, and maintain accurate and complete financial records.
• Financial Analysis: Analyze financial information, develop spreadsheet reports, and verify data accuracy.
• General Ledger: Prepare general ledger entries and maintain account reconciliations for accuracy and completeness.
• Confidential Handling: Handle sensitive and confidential information with honesty and integrity at all times.
• Data Verification: Verify financial data accuracy and ensure proper documentation for audit and reporting purposes.
• Records Compliance: Maintain organized records and support compliance with internal controls and accounting standards.
• Task Support: Take on additional tasks or projects to learn accounting practices and office operations.

• Process Improvement: Explore and fine-tune processes related to income tax, sales tax, and ancillary products.
• Invoice Processing: Enter invoices and reconcile financial statements to ensure accuracy and completeness.
• Accounting Support: Prepare journal entries, perform account reconciliations, and support financial analysis and reporting.
• Data Analytics: Refine product, operational, and financial analytics and develop reporting dashboards.
• Cash Management: Research and record cash transactions while improving process efficiency and accuracy.
• Accounting Cycle: Learn the full-cycle accounting life cycle and apply knowledge to operational tasks.
• Problem Solving: Solve business challenges and contribute to team objectives through analytical support.
• Task Management: Manage multiple tasks across systems and prioritize workload in a fast-paced environment.
• Team Collaboration: Collaborate with interns on cross-functional projects and support business initiatives.
• Professional Development: Attend training sessions and engage with leadership through organized learning activities.

• Financial Reporting: Prepare monthly financial statements and ensure the accuracy and completeness of reported data.
• Account Reconciliation: Complete bank and account reconciliations and resolve discrepancies in a timely manner.
• Quarterly Reporting: Participate in quarterly financial statement presentations and support reporting activities.
• Annual Statements: Prepare annual financial statements for reporting purposes and ensure compliance requirements are met.
• Regulatory Filing: Complete regulatory filings and maintain proper documentation for submission.
• Earnings Participation: Participate in quarterly earnings calls and meetings to support financial analysis.
• Audit Support: Assist with gathering data and documentation required for external audits.
• Audit Preparation: Assist in preparing audited financial statements and supporting disclosure notes.
• Presentation Skills: Prepare and deliver a presentation summarizing internship experience and key learnings.

Develop job-ready expertise with Accounting Intern Skills and Experience focused on reporting, audits, and compliance

• Journal Consolidation: Prepare monthly journal entry uploads for consolidation and reconcile trial balances and intercompany accounts.
• Journal Entries: Record monthly journal entries using supporting documentation and ensure accuracy of financial data.
• Financial Analytics: Assist Senior Accountants with the setup and preparation of monthly financial analytics.
• Cash Flow: Prepare monthly cash flow statements and perform excess cash tie-out procedures.
• Accounts Payable: Assist with corporate accounts payable processes and support invoice handling.
• CFO Support: Attend and assist with monthly CFO conference calls and related reporting tasks.
• Audit Support: Assist with gathering and providing documentation for audit requests.
• Earnout Tracking: Support the setup of acquisition earn-out calculations and related financial tracking.
• Account Reconciliation: Prepare monthly reconciliations, including equity and deposit accounts.
• Project Support: Assist with projects outside the month-end close, including documentation and account updates.

• Financial Meetings: Attend financial overview meetings and support understanding of financial performance discussions.
• Reporting Support: Assist with month-end financial reports and prepare internal reporting packages.
• Variance Analysis: Participate in variance analysis and develop analytical reports for management review.
• Consolidation Process: Understand financial statement consolidation processes and support related activities.
• Journal Entries: Post monthly journal entries and ensure accurate financial record keeping.
• ERP Systems: Develop familiarity with ERP systems through accounts receivable, accounts payable, and fixed assets tasks.
• Account Reconciliation: Reconcile balance sheet accounts and investigate discrepancies.
• Data Management: Assist with data entry and maintain organized filing of accounting documents.
• Data Compliance: Support financial data accuracy and ensure compliance with internal reporting standards.

• General Ledger: Maintain general ledger accounts and support the preparation of financial statements and reports.
• Account Analysis: Reconcile, analyze, and review general ledger accounts in preparation for month-end close.
• Journal Entries: Prepare journal entries and review accounting classifications in accordance with GAAP.
• Audit Documentation: Prepare documentation to support internal and external audit requirements.
• Ad Hoc Analysis: Perform ad hoc reporting and analysis and investigate issues with clear explanations.
• Financial Statements: Analyze and prepare financial statements, including balance sheets and financial position reports.
• Close Process: Assist with month- and quarter-end close processes for assigned business units.
• Data Accuracy: Ensure the accuracy and completeness of financial data across reporting activities.
• Compliance Support: Support compliance with accounting standards and internal control procedures.

• Case Analysis: Assist Attorneys and Accountants in analyzing investigative materials and supporting case evaluations.
• Report Preparation: Prepare reports based on the review of investigative materials for internal stakeholders.
• Regulatory Review: Review regulatory filings and analyze financial information related to investigations.
• Project Support: Support project teams in standard-setting activities and related initiatives.
• Data Analysis: Collect and analyze financial and non-financial information for reporting purposes.
• Research Skills: Conduct research using internet sources and subscription database services.
• Document Review: Assist with the review of comment letters on proposed standards and public documents.
• Meeting Coordination: Support public meetings, including preparation and coordination of advisory group sessions.
• Quality Assurance: Ensure the accuracy and completeness of research findings and supporting documentation.

• Process Automation: Support the Accounting Department in automating month-end processes and improving workflow efficiency.
• Procedure Documentation: Learn and document month-end procedures to ensure consistency and knowledge sharing.
• Task Tracking: Update month-end task lists and track the completion of assigned activities.
• Cash Reconciliation: Assist with cash and bank reconciliation processes and ensure the accuracy of records.
• Procure to Pay: Support procure-to-pay operations, including accounts payable and expense processes.
• System Administration: Assist with financial system administration and maintain system data accuracy.
• Process Improvement: Identify opportunities to automate processes and improve operational efficiency.
• Presentation Skills: Present findings and recommendations to leadership and the Accounting Team.
• Information Management: Organize and gather information to support reporting and project requirements.

• Tax Planning: Assist with tax planning activities and conduct research on applicable tax regulations.
• Tax Compliance: Prepare federal, state, and local tax returns in compliance with reporting requirements.
• Regulatory Knowledge: Develop an understanding of tax regulations and relevant accounting pronouncements.
• Audit Execution: Assist in the execution of audit procedures and support engagement objectives.
• Data Processing: Understand routine data processes and apply knowledge to audit and accounting tasks.
• Control Testing: Test internal controls and perform substantive procedures to validate financial information.
• Audit Documentation: Document the execution of audit procedures clearly in accordance with engagement requirements.
• Audit Planning: Support audit planning by reviewing engagement history and established audit approaches.
• Quality Assurance: Ensure the accuracy and completeness of audit documentation and supporting workpapers.

• SAP Closing: Perform SAP month-end closing activities and ensure the timely completion of financial processes.
• Balance Reconciliation: Prepare and review balance sheet reconciliations and resolve identified discrepancies.
• Journal Entries: Prepare journal entries, including required calculations and supporting documentation.
• Audit Coordination: Work with external auditors and fulfill information requests accurately and promptly.
• Internal Controls: Maintain and adhere to internal controls and ensure compliance with policies.
• Cost Analysis: Track plant expenses and analyze variances to support cost control efforts.
• Inventory Valuation: Perform inventory valuation and reconcile inventory balances with supporting records.
• Issue Investigation: Investigate discrepancies in financial data and provide clear explanations.
• Financial Accuracy: Support the accuracy and completeness of financial reporting and accounting records.

• Data Reporting: Support financial reporting metrics by gathering data, performing data entry, and verifying accuracy.
• Team Collaboration: Collaborate with analysts and managers to ensure the completeness and reliability of financial information.
• Performance Analysis: Analyze financial performance and support guidance provided to senior leadership.
• Ad Hoc Analysis: Assist with ad hoc projects and perform financial analyses.
• Workplace Contribution: Contribute to a positive work environment and demonstrate accountability and collaboration.
• Diversity Inclusion: Promote diversity, inclusion, and continuous improvement through daily work practices.
• Professional Conduct: Support organizational values through professional behavior and effective decision-making.
• Self-Development: Manage personal development by seeking feedback and incorporating diverse perspectives.

Showcase real-world impact with an Accounting Intern Resume focused on analysis, collaboration, and reporting accuracy

• Data Analysis: Use data analysis to identify patterns and support recommendations.
• Process Improvement: Identify process improvement opportunities to enhance operational efficiency.
• Tax Preparation: Prepare individual, business, and fiduciary tax returns and projections in accordance with standards.
• Software Utilization: Utilize tax and accounting software applications effectively in daily tasks.
• Tax Research: Research tax-related issues and analyze financial reports for accuracy and compliance.
• Client Interviews: Conduct tax return interviews and collect relevant financial information.
• Audit Testing: Perform audit, review, and compliance testing procedures in accordance with professional standards.
• Issue Communication: Communicate with engagement leaders regarding open items and audit issues promptly.
• Financial Reporting: Prepare financial statements, footnotes, and management reports for client engagements.
• GAAP Knowledge: Develop technical competency with GAAP and apply knowledge to assigned work.
• Client Advisory: Build experience to become a trusted advisor to clients and internal stakeholders.
• Client Engagements: Work with diverse clients across industries and support various engagement requirements.

• Invoice Review: Review invoices for proper documentation and approval before payment processing.
• Payment Prioritization: Prioritize invoices based on cash discount opportunities and payment terms.
• Check Processing: Process check requests and ensure the completeness of supporting documentation.
• Card Reconciliation: Audit and process credit card bills and verify transaction accuracy.
• Payment Matching: Match invoices to checks, obtain signatures, and distribute payments accordingly.
• Invoice Coding: Code invoices, vouchers, expense reports, and requests using correct accounting classifications.
• Issue Resolution: Investigate and resolve issues related to invoice and purchase order processing.
• Payment Processing: Prepare batch check runs, wire transfers, and ACH transactions accurately.
• Reporting Support: Assist with monthly status reports and support month-end closing activities.
• Account Reconciliation: Reconcile accounts by identifying posting errors and correcting omissions.
• Vendor Reconciliation: Reconcile vendor statements and resolve discrepancies through detailed research.
• Record Management: Maintain and file accounting documents, records, and reports in organized systems.

• Financial Analysis: Work closely with the Manager of Financial Reporting and the Assistant Controller to analyze financial results and schedules.
• Journal Entries: Prepare journal entries with supporting documentation and input entries into the SAP general ledger system.
• External Reporting: Participate in the preparation of quarterly and annual external financial reports.
• Audit Support: Assist in preparing support for quarterly reviews and annual external audits.
• Accrual Management: Assist with the preparation and review of supplemental and contingent accruals.
• Payroll Reconciliation: Prepare monthly payroll reconciliations between systems and ensure data consistency.
• Asset Reconciliation: Prepare monthly reconciliations for fixed assets, goodwill, and intangible accounts.
• SAP Reconciliation: Reconcile closing packages to SAP and investigate discrepancies.
• Closing Packages: Assist with the preparation of corporate quarterly closing packages and reporting materials.
• Earnings Preparation: Prepare materials for quarterly earnings call packages and financial presentations.
• Cash Reconciliation: Assist with the review of corporate cash reconciliations and ensure accuracy.
• Debt Management: Update debt schedules and support footnote preparation for financial statements.
• Statement Tie Out: Perform tie-out of quarterly and annual financial statements for consistency.
• Valuation Reconciliation: Assist in reconciling external valuation reports to underlying financial data.

• Audit Support: Support for accounting and auditing activities of the company, and substantiate financial transactions.
• Data Analysis: Research and analyze data reports, including capturing changes in costs and liabilities.
• Account Compilation: Compile and analyze account information.
• Internal Controls: Assist in maintaining financial security by following internal controls.
• Payment Preparation: Prepare payments by verifying documentation and requesting disbursements.
• Transaction Support: Support conducting transactions with financial institutions and perform other jobs at the request of the Director.
• Control Assessment: Support other control environment activities, e.g., Accounting Control Assessment (ACA).
• Month-End Close: Support Month-End Financial Closeout.
• Manufacturing Accounting: Support accounting activities related to manufacturing operations.
• Cost Accounting: Support the Cost Accounting Group on ad hoc tasks.
• Invoice Management: Manage day-to-day invoices and payment processes.
• Closing Assistance: Assist with month-end closing procedures and regulatory reporting.
• Revenue Analysis: Provide monthly and quarterly revenue and expense analysis.
• Tax Support: Provide clerical support for corporate tax reporting and state sales tax research.

• Account Reconciliation: Reconcile general ledger accounts.
• Balance Analysis: Roll forward analysis of balance sheet accounts.
• Statement Review: Monthly financial statement review and analysis.
• Closing Assistance: Assist with general accounting month-end closing procedures.
• Revenue Reconciliation: Monthly Revenue and Invoicing reconciliations.
• Revenue Support: Provide clerical support for Revenue Projections.
• Tax Preparation: Prepare Tax Provision and Tax Return Preparation.
• Document Scanning: Scan/Email remittance advice/invoices.
• Invoice Maintenance: Support Accounts Payable inputs and invoice maintenance.
• Vendor Follow-up: Follow up with vendors on past due invoice inquiries.
• Vendor Management: Work with procurement to create/update vendor data.
• Policy Maintenance: Maintain accounting policies and procedures that comply with applicable government regulations (SOX, GAAP, IFRS).
• Account Analysis: Perform general account analysis and reconciliations.
• Statement Preparation: Assist in financial statement preparation through account classifications and transactional coding.
• Audit Coordination: Assemble information for external auditors for external filings.

• Ledger Recording: Record transactions in ledgers, prepare trial balances, and simple financial statements using computer software programs.
• Account Reconciliation: Reconcile accounts to control accounts.
• Accrual Computation: Perform schedule computations of accruals, property, and equipment, and calculate depreciation expense.
• Audit Procedures: Perform audit or review procedures by supervisors.
• Tax Preparation: Prepare payroll tax, sales or other local tax, and certain personal income tax returns.
• Document Proofing: Assist in proofing financial statements, tax returns, and other documents.
• Deposit Assistance: Assist Accountants with the preparation and maintenance of bank deposits and reconciliations.
• Invoice Preparation: Prepare and document invoices to be sent to partners for various projects.
• Invoice Processing: Process, enter, and reconcile invoices from partners, POs, and credit card transactions.
• Internal Control: Assist in establishing and maintaining a sound internal control environment.
• Invoice Review: Review all invoices for appropriate documentation and approval before payment.
• Check Printing: Print and obtain signatures on all accounts payable checks.

• Journal Entries: Learn how to post monthly accruals and record month-end journal entries.
• Accounting Analysis: Execute and provide analysis for various accounting processes.
• Closing Support: Support the month-end and quarter-end closing process and ensure timely completion and accuracy.
• Financial Analysis: Analyze financial results across multiple legal entities with multiple currencies.
• Transaction Research: Identify and research unusual and complex accounting transactions.
• Account Reconciliation: Prepare balance sheet account reconciliations and research charges/adjustments.
• Balance Analysis: Perform consolidated balance sheet analysis and fluctuation analysis for quarterly accounting reviews with the Controller’s office.
• Compliance Management: Manage and analyze activities in accordance with accounting principles and standards to control financial resources and ensure compliance with company policies.
• Procedure Documentation: Document standard work procedures.
• Audit Support: Support internal and external audits for process compliance and timely completion.
• Invoice Processing: Process and send invoices to customers daily.
• Accounts Payable: Process accounts payable invoices and cut checks weekly.
• Expense Review: Review project-related time and expenses.
• Metrics Reporting: Compile financial metrics reports for management review.
• Expense Reconciliation: Reconcile expense reports, purchase card, and credit card statements.

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