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Somuah Oware Samuel Industrial Attachment Report
Somuah Oware Samuel Industrial Attachment Report
BY
AUGUST 2016
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DECLARATION
I hereby declare that, I have successfully undertaking a two (2) month industrial
attachment at South Akim Rural Bank Limited under supervision. I therefore
present this report and confirm that it is mine and is expressed in my own words.
However any sources of information are greatly acknowledged.
Signature................................
Date........................................
Somuah Oware Samuel
ANUC (Student)
I declare that, I have supervised the student named above in undertaking a two (2)
months industrial attachment at South Akim Rural Bank Limited. I therefore
confirm that he has my full support and permission to present this report for
assessment.
Signature.
Date.
Mr. Alex Martinson
SARB LTD. (Supervisor)
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ACKNOWLEDGEMENT
This attachment was successful due to the cooperation and support of a number of
people who have enable me to gain much more than scholastic or industrial aspect
of the programme could have given.
First of all, I would like to appreciate the Almighty God for the charitable time and
strength, aptitude and persistence for magnificently my field attachment and report
compilation; I would have done nothing if it was not his will.
I wish to appreciate my industrial supervisor, Mr. Alex Martinson, Mr. P. K Obeng
at SARB ltd and the entire bank operations team for enthusiastically sharing with
me their experience in banking. I am sincerely indebted to them for supporting and
guiding me passionately throughout the entire internship programme.
I wish to extend my appreciation message to ANUC Business Administration
department and the dean of the school for the opportunity and making available
resources required during the attachment period.
Lastly I would like to thank my mum and grandfather and the entire Oware family
with sincere gratitude for their absolute financial and moral support of everything.
God bless you all
THANK YOU ALL!!!
DEDICATION
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When a person does something, there must be an inspiration behind the work. I
would like to dedicate this work to my mother (Evelyn Somuah), grandfather (Mr.
E.K. Oware) and the entire family from whom I have received a great inspiration
and boost for going through this important industrial study. In addition, I dedicate
my work to all my friends and colleague in the bank, especially SARB ltd from
whom I have mentored, trained and gained accounting and banking experience
Table of Contents
Declaration........................................................................................................1
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Acknowledgement..............................................................................................2
Dedication...........................................................................................................3
Chapter One
1.0. Introduction........................................................................................................................ 6
1.1. Objectives of the Attachment............................................................................................... 7
1.2. Benefits to Students................................................................................................................8
Chapter Two
2.0. South Akim Rural Bank..................................................................................................... 10
2.1. Historical Background and Development......................................................................... 10
2.2. Vision Statement.....................................................................................................................11
2.3. Mission Statement ...................................................................................................................11
2.4. Corporate Value.......................................................................................................................11
2.5. Products and Services.............................................................................................................11
2.6. Agency Network......................................................................................................................12
Chapter Three
3.0. Work-Based Learning Experience...................................................................................... 14
3.1. Moral Education......................................................................................................................14
3.2. Problems and Challenges....................................................................................................... 14
3.2.1. Size of the Operation Department..................................................................................... 15
3.2.2. Orientation for Students...................................................................................................... 15
3.3. Methodology............................................................................................................................ 15
3.3.1. Observation........................................................................................................................... 15
3.3.2. Participation............................................................................................................................15
3.3.3. Unstructured Interviews ...................................................................................................... 16
3.3.4. Discussion...............................................................................................................................16
3.4. Research Limitations................................................................................................................16
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Chapter Four
4.0. Knowledge and Skills Applied and Gain............................................................................. 17
4.1. Activities Carried Out During Training Period......................................................................17
4.2. Linkage to Knowledge of Practical...........................................................................................19
Chapter five
5.0. Recommendation.........................................................................................................................20
5.1. Conclusion......................................................................................................................................20
5.2 Appendices......................................................................................................................................21
5.3. Reference..........................................................................................................................................22
* Daily Log Book
*Evaluation Forms
CHAPTER 1
1.0 INTRODUCTION
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Accounting
Banking and finance
Entrepreneurship
Human resource management
Marketing
The Third Trimester Field Practical Programme (TTFPP) will not be completed
without the industrial attachment.
The attachment period is usually a minimum of eight weeks and maximum of
twelve weeks, during which the students are expected to acquire additional
practical experience to supplement, their course of study in the university. They are
also exposed to the real world of work and its challenges which will prepare them
towards their future careers.
It is said to be a supervised programme since lecturers from the faculty visit the
students during this period and at the end of the programme to ascertain the
success of the programme and the amount of seriousness students attached to it.
Industrial Attachment Programme is a work-based experience programme
providing a real-life organizational context for students to develop specific or
generic
skills,
valuable
to
their
professional
development.
Students can apply and enhance their skills in reality, contribute to the
organization, and, at the same time, obtain invaluable guidance from their mentors.
ANUC has organized 8-12 weeks of training in any institution on a choice of
students to provide every student an opportunity to apply the skills and knowledge
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achieved during the course of study and to acquire new skills in managing
relationship and carrying out the jobs assigned. This is the reason why I came to
SARB limited to be trained in order to get practical skills. This report is the
outcome of the eight weeks practical training I had at South Akim Rural Bank,
head office Nankese Koforidua.
The industrial training performance assessment is based on:
Students logbook of daily activities
Students Industrial Training Final Report
Industrial Training Supervisors report
1.1OBJECTIVES OF THE IA
IA provides the impetus for the students to comprehend and appreciate real life
working experience. Students may realize their ambition and ascertain their career
path from the experience gained during industrial training.
The attachment provides students the opportunity to meet and network with people
in the industry, and the industry the opportunity to identify talents and potential
skilled workers.
Some of the important objectives of the industrial attachment are as follows
To assess the interest of the student in the occupation he/she plans to undertake.
To expose the students to work methods not taught in the University and to
provide access to products equipment not normally available in the
environment of the University.
To provide the students with an opportunity to apply knowledge in real work
situation thereby closing the gap between University work and the actual
practice.
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To make the transition from school to the world of work smoothly and to
enhance student contacts for job placement.
To enlist and strengthen employers involvement in institutional activities and
in the entire educational process of preparing the students for employment in
industry.
To enhance industrys satisfaction with the graduate of the Faculty in particular
and the University at large.
1.2 BENEFITS TO STUDENTS
The industrial attachment seek to offer students a practical translation of the theory
they have been taught. It has also got individual benefit of liaising the university to
the industries, hence brightening the employment chances of the students in the
university. Through this attachment, I have generated a good interpersonal
relationship through my interaction with my supervisors and colleagues. This has
assisted me to interact confidently with people irrespective of the position. By
choosing to become involved in Industrial Attachment opportunities, many
students find the experience gained during the application and interview process,
as well as during the Industrial offers them a level of preparedness for future
endeavors and a level of confidence, which their peers who have not interned, may
not possess. Student Industrial Attachment can allow them to rise above the
competition when it is time to pursue employment in their field of choice.
Industrial with cheap or free labor for (typically) low-level tasks. Some students
find permanent, paid employment with the companies in which they interned.
Their value to the company may be increased by the fact that they need little or no
training.
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CHAPTER TWO
2.0. SOUTH AKIM RURAL BANKLIMITED
South Akim Rural Bank Limited was established on 25th August, 1984 and was
commissioned on 2nd November, 1984. The Head Office of the Bank is located at
Nankese, a town in the Suhum Kraboa-Coalter District of the Eastern Region of
Ghana.
2.1. HISTORICAL BACKGROUND
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After its commencement in November, 1984 the Bank extended its operations to
the district headquarters at Suhum in September, 1987. After a long break for
consolidation, another agency was opened at Koforidua on 8th October, 1993. The
Asamankese
Agency
was
opened
on
3rd
February,
1995.
The Adoagyiri Agency was also opened on 6th November, 2006 and Osenase
Agency was also officially opened on 26th August, 2010. It later opens the Adweso
Agency in 2015.
Full scale banking services are provided at all these agencies. The seven (7)
agencies are fully computerized and networked. Customers do not have to be at the
agency where their accounts reside in order to transact business with the Bank.
They can do business from any of the agencies. From the initial staff strength of
five (5) the bank now has a staff population of 150 as at 31st December, 2014.
Almost the entire population of the catchments area is engaged in farming, mostly
Cocoa, Food crops and Vegetable farming as well as in rural industries such as
distilling of liquor, wood charcoal production, basket weaving, transportation,
timber
production
and
stone
quarrying.
The bank provides services to a large number of salaried workers who are paid by
the Accountant General and other employers as well as to educational institutions,
religious
bodies,
social
organizations
and
district
assemblies.
A lot of investment has been made in computerizing and networking all its
branches
2.2. VISION STATEMENT
It is the vision of the South Akim Rural Bank Limited:
to be among the leading banks in the country.
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ADWESO AGENCY
Agency Manager: Mark Anim Ayeh (Mr.)
Location: Poly Junction, Opposite Shell Filling Station
Phone Number: 0312297189
E-mail:adweso@southakimruralbank.com
CHAPTER 3
3.0. WORK-BASED LEARNING EXPERIENCE
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The size of the operation departments makes filing and retrieval of information
very tedious.
3.3. METHODOLOGY
In order to ensure the success and effectiveness of this work I adopted the
following methods.
3.3.1. OBSERVATION
This method was used to study some of the activities that goes on at operation
room such as; worker-worker relation, worker entering data in T25 system,
working responding to and preparing of advice, workers attitudes towards work
and the monitoring of staff.
3.3.2. PARTICIPATION
This method was used to acquire knowledge on the use of computer software, data
entry and analysis, filling of claim sheets, pulling and filing of advice and
vouchers.
3.3.4. DISCUSSION
This method was employed to gather some of the activities going on in the bank
3.4. RESEARCH LIMITATIONS
Busy schedules of the staff made it difficult for discussions and explanations to be
asked for. Inadequate number of computers at the unit was also a hindrance.
CHAPTER 4
4.0. KNOWLEDGE AND SKILLS APPLIED AND GAIN
It has broadened my knowledge in the field of banking operations. The training
introduced me into the practical aspect of accounting: like recording and analyzing
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The internship was extended over a period of two months from May30 th
2016 to July 29, 2016.
The following are the duties I performed during my attachment;
1.
2.
3.
4.
5.
Responding to advice
Preparation of advice
Cheques scheduling
Completing journal book
Consolidation of deposit analysis
Responding to advice
An advice here means a written confirmation or notice of actions performed,
payments received or made, services rendered, or the state of affairs.
An advice is made when the bank spent money or received money. In responding
to advise it goes with the double entry where the giver is credited and the receiver
is debited. For instance an advice like fuel bought for vehicle number GR 201715 amounted GH150 at Koforidua agency is being respond as debiting motor
vehicle running account with the amount and crediting Koforidua agency account.
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This means the amount that Koforidua agency spent is being paid back to them
from the head office and the amount is being deducted from motor running
expenses.
Preparation of advice
When the head office debit or credit an agency account, I write the advice to the
agency which account was credit or debit so that the agency do the same for the
account to balance. And in writing an advice to the agency we duplicate it and send
the original one to the agency and keep the duplicate one at the head office for
auditing and references sake.
Cheques scheduling
Cheques received from other banks are being scheduling for payment. Some
companies paid their staffs salaries at SARB Ltd and those who received their
salary at SARB Ltd cheques are schedule for payment. I entered them and forward
it for payment at the clearing bank. In cheques scheduling I enter the customer
name, the bank where the cheques was from and the cheque number and the
amount to be paid in favor of the customer
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2. http://www.academia.edu/10075971/A_REPORT_ON_A_TWO_MONTH_I
NDUSTRIAL_ATTACHMENT_AT_UNIVERSITY_OF_A_REPORT_ON_
STUDENT_COMPULSORY_SUPERVISED_INDUSTRAL_ATTACHME
NT_AT_THE (Access on 17th July 2016)
3. http://www.slideshare.net/osofoeric/attachment-report (Access on 17th July,
2016)
4. http://www.southakimruralbank.com/home.html (Access on 17th July, 2016)
5. http://www.southakimruralbank.com/agency_network.html (Access on 17th
July, 2016)
6. http://www.southakimruralbank.com/money_transfer_services.html (Access
on 17th July, 2016)
7. http://www.nyanja.yolasite.com/resources/INDUSTRIAL
%20ATTACHMENT%20REPORT.pdf (Access on 17th July, 2016)
8. http://www.businessdictionary.com/definition/advice.html#ixzz4FaS1orB7
(access on 27th July, 2016)
9. https://www.scribd.com/doc/81691813/Osei-Afriyie-Samuel-s-IndustrialAttachment-Report (Access on 27th July, 2016)
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