THE MINISTRY OF EDUCATION AND SCIENCE OF THE REPUBLIC OF

KAZAKHSTAN

The International University of Information Technology

Department of Economics and Business

Industrial practice at
LLP , Almaty

Enterprise practice supervisor

University practice supervisor

Akhmetova Saule Zhursunovna

Omarov Galym Burkitbaevich

10 June 2016

_________________20__.

Student: Akhmetova Aliya Muratkyzy

Major: IT-Finance
Group: FIN-132

..

Almaty, 2016
CONTENT
Introduction ..3
1. Purpose and objectives of industrial practice..4
1.1 Purpose of industrial practice... .4
1.2 Objectives of industrial practice.. .5
2. Company ..7
2.1 ..... ...7
2.2 Activities of ..10
3. Industrial practice .....13
3.1 Practice in .... 13
3.2 Results of industrial practice....16
Conclusion..18
List of references........... 20

Introduction
Practice is one of the most important components of training of the student.
Practice is a component of the main educational program of higher education.
From 20.05.2016 to 10.06.2016 I passed industrial practice in
.
Practice is a type of after-hour work of the student, provided by a professional
educational program, fixing of the gained theoretical knowledge.
The purpose of work practice this fixing of the theoretical knowledge gained at
university, and acquisition of skills of practical economic work with documents,
registration registers, and also with technology of conducting accounting when
using computer facilities.
During practical training the student has to examine maintaining the account on
concrete sites and pick up the actual material for writing of the report, and also for
a term paper.
There are next objectives to the students passing work practice:
- acquaintance with organizational structure of the enterprise, technological
processes, functions of accounts department, accounting policies of the enterprise,
an accounting form, primary and summary documents, registration registers, the
established document flow;
- direct performance of registration works for acquisitions of practical skills of
maintaining accounting of fixed assets;
- acquaintance with the organization of analytical work at the enterprise and
participation in this work;
- participation in drawing up accounting reports of the enterprise.
Upon termination of practice, the student has to submit the report on the done
work on chair.
The structure of the report has to be following: introduction, the main part
(which contains three chapters), the conclusion and the list of references.

1. Purpose and objectives of industrial practice

1.1 Purpose of industrial practice
The main objective of Industrial Training is to expose the students to actual
working environment and enhance their knowledge and skill from what they have
learned in the college. Another purpose of this program is to instill the good
qualities of integrity, responsibility and self confidence. All ethical values and good
working practices must be followed by student. It is also to help the students about
the safety practices and regulations inside the industry and to instill the spirit of
teamwork and good relationship between students and employees.
Employers are increasingly looking beyond a graduate's academic
knowledge and whether they have what is commonly known as employability
skills.
Purpose of practical training is formation and development of professional skill
on the basis of studying experience of the concrete organizations, establishments,
the enterprises, instilling of skills of independent work in future experts in the
conditions of really functioning production, fixing of the theoretical knowledge
gained by students in the course of studying of disciplines of an economic profile.
The main purpose of industrial practice consists in granting opportunity to
future expert to receive skills in the field of the chosen professional activity. And
also in opportunity to show the knowledge and abilities gained during study in
practice. And in the most various directions of an economic production activity:
under the authority of documentation; acquisition of skills of work behind
machines; to work with specialized computer programs.
Thanks to work practice the probationer gets acquainted with bases of future
professional activity. Determines the level of own preparation for the forthcoming
work. Studies activity of object, as in general, and on separate divisions.
Also the purpose of practice is acquisition of necessary practical skills in area:
finance, monetary circulation, monetary credit policy, financial management, bank,
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investment and insurance business, crisis management by the enterprises and the
financial and credit organizations, restructuring of the enterprises and the
organizations, accounting and audit, the financial and economic analysis on the
basis of studying of experience of activity financial the credit organizations, the
enterprises and the organizations of various forms of ownership, and as mastering
production skills and bases of the scientific organization of work.
The purpose of this practice is to deepen and consolidate knowledge of the
chosen specialty, to develop skills of practical and partially research work, to
examine system of practical work of the financier/accountant.

1.2 Objectives of industrial practice

Objectives of industrial practice:

Enhance students' familiarity with the world of work and enable them to
reflect constructively in issues related to work

Assist students to evaluate and understand how to work experience relates

their personal or career and future professional development

Develop employability skills, intellectual skills, core of key skills, personal

attributes and knowledge about how organizations work

Consolidate, complement and extend the academic programme and enable

the essential integration of professional practice

Maintain and develop links between the university, the placement provider
and the community and

Develop professional skills and strengthen the application of theory to

practice.
Industrial training is viewed as important strategies expose students to real

work life and to equip them with necessary skills so that they would be job ready
when they graduate. Institutions tend to introduce this component irrespective of
the discipline of studies with the intention of ensuring their students competency
and fully prepared for job. Industrial training comes from the word "industry".
Industrial training is a form of "contested learning". Contested learning
means ambiguity and conflict between what is espoused and what is practice in the
workplace and/or the university or college classroom. Contested learning in
industrial training reflects competing interest (economic, educational or personal)
that are found in the actions and values of students, teaching staff or workplace
supervisor. In the context of national reviews of vocational education and training,

industrial also need to be re-examined in terms of policy, administration, work

place and learning outcomes (Hank, 1996).
Just are there are similarities between training done on the job and that done in
the classroom, there are some rather important differences.
One major difference that works to the advantage of the person doing Industrial
Training is that there is only one person to "code" ideas for. In the classroom the
instructor must worry about trying to find words that can be decoded by the entire
group, although it has different background. When the supervisor is instructing one
man on the job, the problems of the communications are solve if the instructor can
find the level that works for this one person.
Another advantage is that the two of them are working in a real situation under
nearly actual conditions, rather than trying to simulate them in the classroom.
There is rarely ever a better arrangement than to have employees training at the
machines where they normally work, especially if they actually train in the natural
environment of the job. Such a situation cuts down considerably on the amount of
information that has to be 'transferred" from the training back to the job. This is
one major problem with classroom training. It is always difficult to simulate a real
situation in the classroom, so the employees find it equally difficult to make the
application of the training when they get back to the job. On the other hand, when
the training is done at the work site, they do not have to "carry" it back. So from
this standpoint, on industrial training has a decided advantage over classroom
training (Broadwell, 1986).
The main results and the actual materials received in the period of practical
training, can be used by the student when writing term papers on the special
disciplines studied on the subsequent courses, and also by preparation of reports
and messages at student's scientific and practical conferences.
More detailed list of questions and recommendations to the student probationer
is defined by the head depending on specialization and specifics of object of
practice, as finds reflection in the practice program.

Within the program of practice individual tasks on specialization, and also

tasks for carrying out research work according to subjects course and theses can be
provided.
Forms of the reporting of practice. Upon termination of practice students submit
to the head of practice the written report in which have to be presented:
- characteristic of structure, functions and main activities of object of practice;
- the list of the documents used by the student in the course of practical
training;
- the list and the description of functions directly carried out by the student,
instructions, tasks;
The report is signed by the representative of the organization where the student
did practical training, the seal, and also the head of practice from branch is
confirmed.
Following the results of practice teachers of the chair directing practice of
students, concluding test session ("protection of practice") then offset on practice is
exposed is given to students.

2. Practice in
2.1
Today

is the modern, competitive, technologically

modernized, effective and profitable company.

Publishing House is an Almaty publisher with the mission of providing quality
magazines by Kazakhstan.
In 1992 publishing house was founded. Twenty three years later, with over 300
titles in Russian, English and Kazakh we can state with assurance that
has met its readership beyond expectations.
Today, continues to be the leading Kazakh publisher of
challenging and quality magazines in the Russian and Kazakh language.
publishing of newspapers and publication of economic, financial,
political and Sociological Review, social and fiscal information reviews, Publisher:
industry and professional publications, directories, dictionaries and reference
books, publication of yearbooks, books and educational materials (trade),
Directories registers.
Publishing includes the stages of the development, acquisition, copy editing,
graphic design, production printing (and its electronic equivalents), and
marketing and distribution of newspapers, magazines, books, literary works,
musical works, software and other works dealing with information, including the
electronic media.
After the end of editing and design work the printing phase begins. The first
step involves the production of a pre-press proof, which the printers send for final
checking and sign-off by the publisher. This proof shows the book precisely as it
will appear once printed and represents the final opportunity for the publisher to
find and correct any errors. Some printing companies use electronic proofs rather

than printed proofs. Once the publisher has approved the proofs, printing the
physical production of the printed work begins.
Publication is also important as a legal concept:
As the process of giving formal notice to the world of a significant intention,
for example, to marry or enter bankruptcy;
As the essential precondition of being able to claim defamation; that is, the
alleged libel must have been published, and
For copyright purposes, where there is a difference in the protection of
published and unpublished works.
There are two categories of publisher:
Non-Paid Publishers : The term non-paid publisher refers to those publication
houses which do not charge author at all to publish the book.
Paid Publishers : The author has to meet with the total expense to get the book
published and author has full right to set up marketing policies. This is also known
as vanity publishing.
The 21st century has brought a number of new technological changes to the
publishing industry. These changes include e-books, print on demand and
accessible publishing. E-books have been quickly growing in availability in major
publishing markets such as the USA and the UK since 2005. Google, Amazon.com
and Sony have been leaders in working with publishers and libraries to digitize
books. As of early 2011 Amazon's Kindle reading device is a significant force in
the market, along with the Apple iPad and the Nook from Barnes & Noble. Along
with the growing popularity of e-books, some companies like Oyster and Scribd
have pursued the subscription model, providing members unlimited access to a
content library on a variety of digital reading devices.
Accessible publishing uses the digitization of books to mark up books into
XML and then produces multiple formats from this to sell to consumers, often
targeting those with difficulty reading. Formats include a variety larger print sizes,
specialized print formats for dyslexia, eye tracking problems and macular
degeneration, as well as Braille, DAISY, audiobooks and e-books.
10

A further development is the growth of on-line publishing where no physical

books are produced. The e-book is created by the author and uploaded to a website
from where it can be downloaded and read by anyone.
An increasing number of small authors are using niche marketing online to sell
more books by engaging with their readers online.
continues to uphold the tradition of publishing intelligent
and serious magazines in a wide range of topics thus providing Kazakh readers,
scholars and professionals with the highest quality works.

11

2.2 Activities of
Activities of the company consists in printing house, Army House,
Geographical Information Systems (GIS), ACS (Automation of Control Systems)
and IT (Information Technologies).
Printing house. In for many years the modern printing house
equipped with the latest equipment and the modern equipment successfully
functions. In Printing house highly skilled and professional masters, the work vast
experience in printing activity having behind the back work.
The printing house is equipped with the printing equipment for the press of
multi-color sheet production, the equipment to and postprinting processing of
printed materials. It is possible to distinguish such known types of equipment from
the equipment of Printing house as:
-4-colourful printing offset vehicle of "Slow motion-105", production Germany;
-1-colourful printing offset Heidelberg vehicle, productions Germany;
-printing offset Ramoyor-314 vehicle, production Czechoslovakia;
-the phototypesetting automatic machine of the Dolev-800 brand for a color
separation and a conclusion of films width to 78mm;
-the densitometer for quality control of a photo conclusion of a film of the
SHampock brand;
-copy frame of A1;
The printing house in big circulations releases today sheet multi-color printed
materials a format to 72104sm magazines, brochures, booklets, posters, books,
folders, forms and others printing production. The printing
house is ready to offer favorable conditions on the press of any blanks production.
Existence of own equipment allows us to carry out orders of large and small
volumes for reasonable prices for each client. For years of the functioning, the
Printing house had regular customers who well respond and have no the claim to
12

production released our printing house. We have a personal approach to each order
and we appreciate each client.
Newspapers are regularly scheduled publications that present recent news,
typically on a type of inexpensive paper called newsprint. Most newspapers are
primarily sold to subscribers, through retail newsstands or are distributed as
advertising-supported free newspapers.
Nominally, periodical publishing involves publications that appear in a new
edition on a regular schedule. Newspapers and magazines are both periodicals, but
within the industry, the periodical publishing is frequently considered a separate
branch that includes magazines and even academic journals, but not newspapers.
Book publishers represent less than a sixth of the publishers in the United
States. Most books are published by a small number of very large book publishers,
but thousands of smaller book publishers exist. Many small- and medium-sized
book publishers specialize in a specific area. Additionally, thousands of authors
have created their own publishing companies, and self-published their own works.
Directory publishing is a specialized genre within the publishing industry.
These publishers produce mailing lists, telephone books, and other types of
directories. With the advent of the Internet, many of these directories are now
online.
Academic publishers are typically either book or periodical publishers that have
specialized in academic subjects. Some, like university presses, are owned by
scholarly institutions. Others are commercial businesses that focus on academic
subjects.
The development of the printing press represented a revolution for
communicating the latest hypotheses and research results to the academic
community and supplemented what a scholar could do personally. But this
improvement in the efficiency of communication created a challenge for libraries,
which have had to accommodate the weight and volume of literature.
One of the key functions that academic publishers provide is to manage the
process of peer review. Their role is to facilitate the impartial assessment of
13

research and this vital role is not one that has yet been usurped, even with the
advent of social networking and online document sharing.
Today, publishing academic journals and textbooks is a large part of an
international industry. Critics claim that standardized accounting and profitoriented policies have displaced the publishing ideal of providing access to all. In
contrast to the commercial model, there is non-profit publishing, where the
publishing organization is either organized specifically for the purpose of
publishing, such as a university press, or is one of the functions of an organization
such as a medical charity, founded to achieve specific practical goals. An
alternative approach to the corporate model is open access, the online distribution
of individual articles and academic journals without charge to readers and libraries.
Many commercial publishers are experimenting with hybrid models where older
articles or government funded articles are made free, and newer articles are
available as part of a subscription or individual article purchase.
Technically, radio, television, cinemas, VCDs and DVDs, music systems,
games, computer hardware and mobile telephony publish information to their
audiences. Indeed, the marketing of a major film often includes a novelization, a
graphic novel or comic version, the soundtrack album, a game, model, toys and
endless promotional publications.
Writers in a specialized field or with a narrower appeal have found smaller
alternatives to the mass market in the form of small presses and self-publishing.
More recently, these options include print on demand and e-book format. These
publishing alternatives provide an avenue for authors who believe that mainstream
publishing will not meet their needs or who are in a position to make more money
from direct sales than they could from bookstore sales, such as popular speakers
who sell books after speeches. Authors are more readily published by this means
due to the much lower costs involved.

14

3.Industrial practice
3.1 Practice in
A financial manager is responsible for providing financial advice and
support to clients and colleagues to enable them to make sound business decisions.
They may be employed in many different environments including both
public and private sector organisations, such as:

multinational corporations;

retailers;

financial institutions;

NHS trusts;

charities;

manufacturing companies;

universities;

and general businesses.

Financial considerations are at the root of all major business decisions. Clear

budgetary planning is essential for both the short and long term, and companies
need to know the financial implications of any decision before proceeding.
In addition, care must be taken to ensure that financial practices are in line
with all statutory legislation and regulations. Financial managers may also be
known as financial analysts or business analysts.
According to the standards accepted by the International organization of
accountants to "professional accountants" the following professions concern: chief
accountant, auditor, finance director and tax consultant. In pure form the profession
the accountant isn't present. Accountants work at the enterprises in the directions:
cash desk, fixed assets, currency transactions, calculation of a salary, warehouse.
The chief accountant is responsible for maintaining all accounts department. In
15

small firm one accountant can be responsible for all. Work of accounts department
is strictly controlled on the one hand by the employer, with another decrees and
resolutions of the Ministry of Finance and the Ministry of Taxes and Tax
Collection.
The financial block of the company consists of two departments: accounts
department, economical department, which submit to the financial managing
director.
The accounts department consists of the chief accountant (the general
management of accounts department), the accountant-cashier, the accountant on
taxes and two leading accountants.
The economical department consists of the head of department and two leading
experts.

16

Structure of

17

3.2 Results of industrial practice

Industrial training refers to the acquisition of practical skills and firsthand
knowledge about the industry concerning a profession whilst still acquiring a
relevant degree or diploma. Students of tertiary and vocational institutions are
presented with the opportunity to work in the field of their profession with
companies and organizations relevant to that profession and as a result bridge the
gap between the knowledge obtained by theory and practical working knowledge
required in their professions. For many, the thought of going out in the field with
very basic knowledge of how it operates is a daunting prospect as they may not
know what to do or even how to go about the whole process of industrial training
(IT). This is not helped by the reluctance of companies when it comes to
accommodating these students with vacancies or opportunities to carry out their IT.
For many companies, they do not see the direct benefits they may accrue as a result
of equipping students with such practical knowledge without the certainty that they
will not take the advantage of newly obtained skills to benefit another rival
company. On the other hand, for many students, it is a matter of "who they know"
to obtain opportunities in certain companies rather than an equal opportunity
policy. Also, a lot of these students participate in this IT program as casual on
lookers with the sole driving force as the prerequisite to graduate rather than the
opportunity to grasp as much of the skills and knowledge relevant to their
profession as possible. Therefore on that note, this article goes ahead to present the
benefits of IT to all parties directly and indirectly involved with the aim of
changing the negative attitudes of both the students and the business community as
well as gaining a better understanding and appreciation for it.
During practice there was acquaintance and assimilation of the following:
1. Providing and interpreting financial information.
2. Monitoring and interpreting cash flows and predicting future trends.
3. Formulating strategic and long-term business plans.
18

4. Researching and reporting on factors influencing business performance.

5. Developing financial management mechanisms that minimise financial risk.
6. Conducting reviews and evaluations for cost-reduction opportunities.
7. Managing a company's financial accounting, monitoring and reporting
systems.
8. Developing external relationships with appropriate contacts, e.g. auditors,
solicitors, bankers and statutory organisations.
9. Producing accurate financial reports to specific deadlines.
10. Managing budgets.
11. Arranging new sources of finance for a company's debt facilities.
12. Supervising staff.
13. Keeping abreast of changes in financial regulations and legislation.
It is possible to give the following payroll calculation as an example:
Salary - 185 540 tenge.
1) pension charges which are 10% are calculated:
185 540 * 10% = 18 554 (tenge);
2) the sum from which it is necessary to hold income tax(10%) is calculated. It
is calculated by means of minimum wage in Kazakhstan. (Minimum wage of 21
364 tenge) :
185 540 18 554 21 364 = 145 622 (tenge);
Income tax:
145 622 * 10% = 14 562.2 (tenge);
3) the pure sum which is paid to the worker is calculated:
185 540 18 554 14 562.2 = 152 423.8 (tenge).
Also there is a social tax (11%) is deducted from a salary, but it is paid by the
enterprise.

19

Conclusion
As the result it can be said that work practice is a one of parts of educational
process which is necessary for fixing of theoretical knowledge. Work practice
gives to the student the chance to generalize and systematize the knowledge in the
field of the specialty. Passing of manufacturing practice is an important element of
educational process on training of the expert in the field of finance.
During work practice students get acquainted with the main questions of the
organization of the enterprise, methods of their management and effective use in
business management.
The roles of financial managers can vary enormously. In larger companies for
instance, the role is more concerned with strategic analysis, while in smaller
organisations, a financial manager may be responsible for the collection and
preparation of accounts.
So, the purpose of this practice is to deepen and consolidate knowledge of the
chosen specialty. The main results and the actual materials received in the period
of practical training, can be used by the student when writing term papers on the
special disciplines studied on the subsequent courses, and also by preparation of
reports and messages at student's scientific and practical conferences.
So, main objectives and results of work practice are:

providing and interpreting financial information;

monitoring and interpreting cash flows and predicting future trends;

analysing change and advising accordingly;

formulating strategic and long-term business plans;

researching and reporting on factors influencing business performance;

analysing competitors and market trends;

developing financial management mechanisms that minimise financial risk;

conducting reviews and evaluations for cost-reduction opportunities;

20

managing a company's financial accounting, monitoring and reporting

systems;

liaising with auditors to ensure annual monitoring is carried out;

developing external relationships with appropriate contacts, e.g. auditors,

solicitors, bankers and statutory organisations such as the Inland Revenue;

producing accurate financial reports to specific deadlines;

managing budgets;

arranging new sources of finance for a company's debt facilities;

supervising staff;

keeping abreast of changes in financial regulations and legislation.

Practice was passed in . is the modern,

competitive, technologically modernized, effective and profitable company.

Publishing House is an Almaty publisher with the mission of providing quality
magazines by Kazakhstan.
In 1992 publishing house was founded. Twenty three years later, with over 300
titles in Russian, English and Kazakh we can state with assurance that
has met its readership beyond expectations.
Today, continues to be the leading Kazakh publisher of
challenging and quality magazines in the Russian and Kazakh language.
publishing of newspapers and publication of economic, financial,
political and Sociological Review, social and fiscal information reviews, Publisher:
industry and professional publications, directories, dictionaries and reference
books, publication of yearbooks, books and educational materials (trade),
Directories registers.

21

List of References:
1. educational-practical manual.
2. journal (April, 2015)
3. journal (April, 2015; May, 2015)
4. http://geocenter.kz/

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