ACKNOWLEGDEMENT

I WISH TO GIVE MY PROFOUND GRATITUDE TO ALLAH

ALMIGHTY FOR THE GUIDANCE AND GRACE THROUGHOUT
MY LIFE.

IT WILL BE VERY UNGRATEFUL OF ME IF I FALL TO SHOW

APPRECIATION TO THOSE WHO MADE ME WHO I AM TODAY

MY APPRECIATION GOES TO THE MANAGEMENT OF ESPAM

FORMATION UNIVERSITY SACOUBA, PORTO NOVO CAMPUS,
DR OTUNBA VICTOR, MR AKINBOWALE, AND MR DAMI FOR
MAKING MY INDUSTRIAL TRAINING INTERSTING, EDUCATIVE
AND WORTHWHILE BECAUSE WITHOUT YOUR GUIDANCE I
MAY NOT BE WHO I AM TODAY YOU SHOWED ME THE
IMPORTANT OF SIWES AND THE AFTERMATH OF IT IN MY
LIFE.

MY SPECIAL GRATITUDE GOES TO THE ENTIRE STAFF OF

ESPAM FORMATION UNIVERSITY SACOUBA FOR THEIR
EFFORT TO MAKE ME IMPORTANT INDIVIDUAL IN THE
FUTURE, I SAY, MAY ALLAH BLESS YOU ALL.

MY REGARDS TO MY AMAZING PARENTS, MR AND MRS

DURODOLA, WHO FINANCIALLY SUPPORTED MY
EDUCATIONAL PURSUIT, MAY ALMIGHTY ALLAH BLESS
BOTH OF THEM AND TO MY BELOVED SIBLINGS, I LOVE YOU
ALL.
 DEDICATION

THIS REPORT IS DEDICATED TO MY BELOVED PARENTS MR

AND MRS DURODOLA, FOR THEIR UNCONDITIONAL LOVE
AND SUPPORT IN MY LIFE.
 ABSTRACT

THE STUDENT INDUSTRIAL WORK EXPERIENCE SCHEME

ESTABLISHED BY THE FEDERAL GOVERNMENT OF NIGERIA
WAS AIMED AT EXPOSING STUDENT OF HIGHER INSTITUTION
TO ACQUIRE INDUSTRIAL SKILL AND PRACTICAL
EXPERIENCE IN THEIR APPROVED COURSES OF STUDY AND
ALSO TO PREPARE THE STUDENTS FOR THE INDUSTRIAL
WORK SITUATION WHICH THEY ARE LIKELY TO MEET AFTER
THEIR GRADUATION.

THE TECHINAL REPORT IS BASED ON THE EXPERIENCE

GAINED DURING MY THREE MONTHS OF INDUSTRIAL
TRAINING AT BROADCASTING CORPORATION OF OYO STATE
(BCOS).

THE FIRST CHAPTER IS ABOUT SIWES, AIMS AND OBJECTIVE

OF SIWES AND BENEFITS OF INDUSTRIAL TRAINNG TO THE
STUDENTS. WHILE SECOND CHAPTER IS ABOUT THE HISTORY
OF ORGANIZATION WHERE THE SIWES TRAINING WAS
RECEIVED. THE THIRD CHAPTER IS ABOUT WORK
EXPERIENCE IN IT DEPARTMENT. THE FOURTH CHAPTER IS
ALSO ABOUT THE WORK EXPERIENCE TOO. THE FIFTH
CHAPTER IS ABOUT CHALLENGES FACED DURING THE
PROGRAM WITH CONCLUSION AND RECOMMENDATION IF
ANY.
 TABLE OF CONTENTS

CHAPTER 1
1.0. INTRODUCTION TO SIWES.
1.1. BRIEF HISTORY OF SIWES.
1.2. OBJECTIVES OF SIWES.
1.3. BENEFITS OF INDUSTRIAL TRAINING TO STUDENTS.

CHAPTER 2
2.0. BREIF HISTORY OF THE ESTABILISHMENT OF THE PLACE
YOU ARE UNDERGOING YOUR SIWES.
2.1. THE OBJECTIVES OF THE ESTABILISHMENT.
2.2. THE MISSION OF THE ESTABILISHMENT.
2.3. THE VISION OF THE ESTABILISHMENT.
2.4. ORGANOGRAM OF THE ESTABILISHMENT.
2.5. VARIOUS DEPARTMENT/UNITS IN THE
ESTABILISHMENT.

CHAPTER 3/4
3.0. THIS CHAPTER SHOULD INCLUDE ALL KNOWLEDGE
AND EXPERIENCES YOU HAVE GATHERED SO FAR DURING
THE TRAINING.
3.1. IT SHOULD ALSO INCLUDE PICTORIAL
REPRESENTATION, MAPS ETC.

CHAPTER 5
5.0. CHALLENGES ENCOUNTERED DURING IT PROGRAM.
5.1. CONCLUSION.
5.2. RECOMMENDATION.
5.3. REFERENCES IF ANY.
 CHAPTER THREE/ CHAPTER FOUR

Knowledge and experience gathered during the training

a) The importance of date and signature on every entry made

b) How expense statement and payment voucher are being use on
different occasion.

VOUCHER

MEMORANDUM

Receiving of voucher
Registering of voucher
Casting of figures
Dispatching of financial record

A voucher is a business form used to show an authorized person for a

cash payment. Vouchers are evidence of financial transactions by
supporting documents or receipts. This document helps validate the
authenticity and accuracy of the transactions. Properly documented
vouchers with approval processes minimize the risk of fraud and
authorized transactions.

COMPONENTS OF VOUCHER

This is most commonly found in manual payment scheme, in which it is

part of the control mechanism. A voucher usually contains the following
information

 Supplier identification number

 The amount payable
 The date on which payment will be made
 The accounts payable to record the liability
 Any valid early payment discount terms
 The approval signature or stamp.
Types of voucher

There are different types of vouchers in accounting. They are;

 Debit or payment voucher

 Credit or receipt voucher
 Supporting voucher
 Non cash or transfer voucher( journal voucher)
The debit or payment voucher and the credit or receipt voucher was the
only voucher I was allow to deal with.
BENEFITS
The following are few benefits of maintaining vouchers;

 Vouchers are useful to retain better control over the payables process
 Many invoices can be paid at once,thereby reducing the number of
cheques.
 It can pre-numbered and simplifies the payables audit trail
 Invoice is segregated from invoice payment , both for optimising
productivity, making it easier to plan
 Collection of invoices shall be made by the cashier, who shall report
to the treasurer.

Work assigned to me during the training;

Receiving of vouchers; a receipt voucher is physically composed receipt

for services or product sold. Receipt voucher is issued by the finance and
accounts department, every work done in the finance and accounts is to
pass through the auditor’s office and it must be certify before it can be
before it can be confirm as a financial statement.

Registering of vouchers; after a voucher have been certify then it will be

register into its journal. The voucher register is a journal that records all
vouchers once they are approved. Sometimes the voucher register is
called the book of original entry because all vouchers are entered into the
voucher register before they are entered into any part of the accounting
system.

Casting of figures; all the attached receipts to the expense statement and
payment voucher are to be casted and sum up to confirm whether the
addition of them all is correspond with the amount written in the voucher,
simply put, casting means the checking of addition of financial statement.
Calculation of the company’s value added tax and its withholding tax on
sales commission.

Dispatching of financial records: after all the financial record is being

certified by the head of audit and it has been recorded in the ledger then it
will be dispatch to the cash office or to the DAS office.

Recording of account receivable retirement; retirement of account

receivable is the evidence of sales made or work done by an officer from
each department to notify the company through the audit department with
expense statement voucher with an attached receipts of the sales made
Calculation of the company value added tax and its with holding tax.

MEMORANDUM(MEMO)
A memorandum is used to communicate something of immediate
importance to people within a business or organization. A memo can also
be sent to people or firms that have close or longstanding relationships,
such as vendors or consultants. Like a business letter, a memo is a
permanent record of your communication.
In business, a memo is typically used by firms for internal
communication.

Uses of a memo in the office;

 A way to transfer knowledge of a specific purpose
 To convey specific details on a project
 To request specific information
 To offer suggestion on a matter
 To keep employees informed on the latest happenings, either
company-wide or in a specific department. For example, when
management issues a change in corporate policy, a memo is used to
explain the change
Types of memo
Though the format of a memo is very recognizable because of it readily
made format, there are different types of memorandums based on their
purposes.
 A field report memo
 A meeting minutes memo
 A response memo and
 A status memo
NOTE; Memorandum can be written by any department in the company
but only the ones that involve sales or financial issues that pass through
the auditor’s table for the auditor to crosscheck and certify.
PROBLEMS ENCOUNTER DURING THE SIWES
PROGRAM

During the course of my training the problem I encountered

were:

 Inadequate fund; I was not entitled to any allowance at my

place of SIWES so I find it difficult transporting always to
the venue, despite the problem I had to be there in order not
to leave any work undone and learn more.
 Inadequate power supply
 No internet facilities in the place of my siwes program
 Insufficient working equipment

CONCLUSION

Conclusively, I will say the SIWES program was indeed a great

one because I was expose to an office environment and I learn
how activities are carried out there.
I also learn how to keep various records and I took precautions
while casting receipts and registering vouchers

ADVICE FOR FUTURE PARTICIPANT

 The student should cultivate the habit of good

communication skills and also be modest in term of dressing
and approach.
 Student should be obedient, honest, and humble at their place
of SIWES.
 Student should develop a cordial relationship among staff.
 Student should also endeavour to be punctual at their place
of SIWES.

REFERENCE

1. ANNUAL REPORT ON THE BROADCASTING

CORPORATION OF OYO STATE 2023 EDIITION
2. WWW.ITF.GOV.NG