Sheza Ejaz

Fa20 -BBA-062
Section-A
Submitted to Mam Amina Hameed
Weekly Report of Internship
Summit Bank Mall Road
Week 2
Monday

Time Activities

The instructor taught me the fundamentals of financial statements, including

09:00 AM – 10:00 AM
the balance sheet, income statement, and cash flow statement.

I learnt about balance sheet preparation, which includes assets, liabilities, and
10:00 AM – 11:00 AM owner equity.

11:00 AM – 12:00 PM Income statement knowledge is provided.

Knowledge of the cash flow statement is provided.

12:00 PM – 01:00 PM

Summary of financial statements and my supervisor gave me the fundamental

data as a sample for preparing the balance sheet. After that, he goes through
01:00 PM – 02:00 PM
the work that I did.

1
02:00 PM – 03:00 PM Break

My supervisor informed me that financial statement understanding is

essential in order to understand the bank's performance and market position.
03:00 PM – 04:00 PM
It tells information regarding the bank's financial condition.

Continues the explanation of the financial statement.

04:00 PM – 05:00 PM

Tuesday

Time Activities

The next day, my supervisor instructed me on how to advise customers on

financial planning, but first we must thoroughly evaluate their particular
objectives, risks, and financial conditions. It is possible to accomplish so by
09:00 AM – 10:00 AM
doing a complete analysis of their financial situation, which includes income
or revenue, spending, assets, and debts.

Some papers are provided for stamping.

10:00 AM – 11:00 AM

Continue stamping and sorting documents.

11:00 AM – 12:00 PM

Account information is given after stamping documents. They initially spoke

to me about savings accounts, which are used by those who wish to save and
12:00 PM – 01:00 PM
increase their money on an interest basis.

Individuals who want to manage their day-to-day activities need current

account information. Bank give debit cards, ATM cards, and online banking
01:00 PM – 02:00 PM
services to new current account holders.

2
02:00 PM – 03:00 PM Break

After the break, they told me about fixed accounts. In fixed accounts, a fixed
sum of money is deposited for a fixed period of time, which can be months or
years, and the bank pays them interest, which is higher than in savings
03:00 PM – 04:00 PM
accounts. However, as the name implies, clients cannot withdraw money
before the maturity date, but if they do, a penalty is imposed.

Discussion of bank accounts continues.

04:00 PM – 05:00 PM

Wednesday

Time Activities

09:00 AM – 10:00 AM Next day my instructor told me we are going to learn about Cash Department.

In Cash Department two person are present one is authorizer and other one
10:00 AM – 11:00 AM is inputter. Inputter works is to execute transactions. While Authorizer works
is to check details regarding transactions.

Then CPC knowledge is provided CPC is abbreviated as cash processing cell.

11:00 AM – 12:00 PM They told me CPC works is to provide or issue cash to banks for daily
transactions.

Then I learn about the two types of CPC cash. One is the sorted and other one
is unsorted cash. Sorted cash is also known as clean cash and unsorted is also
12:00 PM – 01:00 PM
known as spoiled cash. Then they describe me their difference which type of
cash leads to sorted and which type of cash is going to be unsorted.
They describe me clean cash are the one which consists of both types of cash
01:00 PM – 02:00 PM its means soiled note and neat notes are also present. Neat notes are
reissuable notes which bank again issued. Unsorted cash, consists of fakes
3
 notes it is also known as counterfeit note, these types of notes look real but
they are only made to deceive people if any person who counterfeit note they
are punishable under law. Cash department works is to sorted the cash in two
different types. And only the cash which is issued by the bank must be sorted
cash if not then penalty is faced by that particular bank by SBP (STATE BANK
OF PAKISTAN).

02:00 PM – 03:00 PM Break

After break instructor told me about on what time the SBP print new note to
general public they print new note on special occasion like on EID. Then they
03:00 PM – 04:00 PM told me about every 1 pack of serial note consist of 100 notes if the pack of
note is RS 10 than it consists of 1000 rupees or if the pack is RS 5000 it
consists of 500,000 rupees and so on….

04:00 PM – 05:00 PM Summary of the day is given.

Thursday

Time Activities

Next day my instructor told me about the transactions are recorded in

debit/credit. They told me it is very important to record transaction in proper
09:00 AM – 10:00 AM financial record. Debit transactions are the one which is used to record in
increase in money or assets. While credit is the one which is increases in
liability to the bank.
Then they told me about the software which is used in banks, different banks
have different computer software I learned about they are using H+ Java. But
10:00 AM – 11:00 AM
they told me at this moment we are not learning about this software
pratically.

11:00 AM – 12:00 PM

4
12:00 PM – 01:00 PM

01:00 PM – 02:00 PM

02:00 PM – 03:00 PM Break

03:00 PM – 04:00 PM

04:00 PM – 05:00 PM

Friday

Time Activities

09:00 AM – 10:00 AM

10:00 AM – 11:00 AM

11:00 AM – 12:00 PM

5
12:00 PM – 01:00 PM

01:00 PM – 02:00 PM Jumma break

02:00 PM – 03:00 PM Break

03:00 PM – 04:00 PM

04:00 PM – 05:00 PM

Saturday off