TRIBHUVAN UNIVERSITY

INSTITUTE OF SCIENCE AND TECHNOLOGY

BIRENDRA MULTIPLE CAMPUS

AN INTERNSHIP REPORT ON

“GOLDSTAR ACCOUNTANCE ”

Submitted in Partial Fulfillment of the Requirements for the:

Bachelors of Science in Computer Science and Information Technology (B.Sc. C.S.I.T)

Submitted by

Bibisha Neupane 52/076 (24859/076)

Submitted To:
Birendra Multiple Campus
Department of computer science and information Technology
Bharatpur-10, chitwan
Mentors’ Recommendation From Company
 SUPERVISOR RECOMMENDATION

I hereby recommend that Internship project prepared by Bibisha Neupane entitled

“GOLDSTAR ACCOUNTANCE ” in partial fulfillment of the requirements for the
degree of Bachelor of Science in Computer Science and Information Technology is
recommended for the final evaluation.

……………………..

Er. Binod Sharma

HOD, Department of Bsc.CSIT

Birendra Multple Campus

Bharatpur-10, chitwan
 APPROVAL LETTER

This is to certify that this Internship project prepared by Bibisha Neupane (24859/076) entitled
“GOLDSTAR ACCOUNTANCE” in partial fulfillment of the requirement for the Degree of
Bachelor in Computer Science and Information Technology has been well studied. In our
opinion, it is satisfactory in the scope and quality as a project for the required degree.

Signature of the Project Supervisor Signature of the HOD/Coordinator

…………………….. …………………..

Mr. Binod Sharma Mr. Binod Sharma

HOD, Department of CSIT HOD, Department of CSIT

Birendra Multiple Campus Birendra Multiple Campus

Signature of External Examiner Signature of Internal Examiner

……………………… …………………
 ACKNOWLEDGEMENT

I’d like to acknowledge the support and contributions of many people, institutions, and
well-wishers without whom this Internship project wouldn’t have been successfully
unabridged. First and foremost, I’d like to express profound gratitude and sincere
respect towards project coordinator and supervisor Mr. Binod Sharma for his patient
guidance, enthusiastic encouragement, and useful critiques from the stage of proposal
development to project development and throughout the report writing until it’s
completion.

I am equally indebted to all office members and friends for sharing their knowledge,
ideas and opinions for project completion which kept me motivated and provided
lifelong inspiration.

I’d also like to acknowledge and extend gratitude to everyone for his/her support and
encouragement for this project.
 ABSTRACT

The Internship report includes all the activities performed during development of the
Project on the topic ‘‘GOLDSTAR ACCOUNTANCE’’ With advancement in the IT
industry and rapid growth in the usage of internet various works that seems to be
impossible some years before now are straightforward. However, along with the
improvement on those things there are many challenges too. The project begins with an
analysis of existing financial systems and processes, identifying inefficiencies,
bottlenecks, and areas for improvement. Utilizing a combination of advanced
accounting software and tailored solutions, Goldstar Accountancy implements a series
of strategic changes to streamline financial operations, improve data accuracy, and
enhance reporting capabilities. Through the successful implementation of these
initiatives, Goldstar Accountancy aims to achieve significant improvements in financial
transparency, accuracy, and efficiency. By leveraging technology and innovation, the
organization sets a benchmark for excellence in financial management, driving
sustainable growth and value creation for clients and stakeholders alike.
 Table of Contents
Mentors’ Recommendation From Company...........................................................................................2
SUPERVISOR RECOMMENDATION.................................................................................................3
APPROVAL LETTER..............................................................................................................................4
ACKNOWLEDGEMENT........................................................................................................................5
ABSTRACT...............................................................................................................................................6
List of Abbreviations.................................................................................................................................8
LIST OF FIGURE.....................................................................................................................................9
LIST OF TABLE.......................................................................................................................................9
INTRODUCTION...................................................................................................................................10
1.1Introduction........................................................................................................................................10
1.2 Problem Statements...........................................................................................................................10
1.3 Objectives...........................................................................................................................................11
1.4 Scope and Limitation.........................................................................................................................11
1.5 Report Organization..........................................................................................................................12
Chapter 2 : Organization Details and Literature Review.....................................................................13
2.1. Introduction to Organization...........................................................................................................13
2.2 Organizational Hierarchy.................................................................................................................14
2.3. Working Domains of Organization.................................................................................................15
2.4 Description of intern Departments...................................................................................................16
2.5 Literature Review..............................................................................................................................17
CHAPTER 3: INTERNSHIP ACTIVITIES.........................................................................................18
3.1 Roles and Responsibilities.................................................................................................................18
3.2 Weekly Log........................................................................................................................................19
3.3 Description of the Projects (s) involved During Internships..........................................................20
3.4. Tasks/Activities Performed (Technical details of the activities done during the internships)....21
Chapter 4: Conclusion and Learning Outcomes...................................................................................23
4.1 Conclusion..........................................................................................................................................23
4.2 Learning outcomes............................................................................................................................23
References................................................................................................................................................25
Appendices ( Screenshots )......................................................................................................................27
 List of Abbreviations

1. GA : Goldstar Accountancy
2. GSA : Goldstar Accounting Service
3. ADMIN : Administration
4. APP : Application
5. BSC.CSIT : Bachelors of computer science and Information
management
6. CMD : Command
7. CSS : Cascading Style Sheets
8. DB : Database
9. ER : Entity Relationship
10.TU : Tribhuvan University
11.HTML : Hypertext Markup Language
 LIST OF FIGURE

Fig:2.2 : Organizational Hierarchy

Fig:2.3: Working Domains of Organization
Fig:3.1 : Roles and Responsibilities of Accountant
Fig: Appendices of Screenshots

LIST OF TABLE

Table:3.2: Weekly Log

 INTRODUCTION

1.1 Introduction

Goldstar Accountance Ltd is a leading accounting firm dedicated to providing exceptional

financial services to businesses and individuals alike. Established 1990, our firm has built a solid
reputation for professionalism, expertise, and integrity in the accounting industry. At Goldstar
Accountance Ltd, we understand the complexities and challenges of managing finances in
today's dynamic business environment. Our team of experienced accountants, financial advisors,
and tax specialists is committed to delivering tailored solutions that meet the unique needs and
goals of our clients.

1.2 Problem Statements

Accuracy and Completeness: One of the primary challenges in financial statement preparation
is ensuring that the information presented is accurate and complete.

Timeliness: Delays in preparing and finalizing financial statements can hinder decision-making
processes for businesses and stakeholders.

Complexity and Interpretation: Financial statements often contain complex information that
may be difficult for stakeholders to understand or interpret.
1.3 Objectives

Client Satisfaction: Ensuring the highest level of client satisfaction by delivering timely,
accurate, and personalized financial services tailored to meet the unique needs and goals of each
client.

Financial Transparency: Promoting transparency and integrity in financial reporting by

adhering to accounting standards, regulations, and best practices, thereby enhancing trust and
confidence among stakeholders.

Quality Assurance: Maintaining rigorous quality assurance processes to ensure the accuracy,
reliability, and completeness of financial information provided to clients and stakeholders.

1.4 Scope and Limitation

Scope :

Comprehensive Financial Services: Goldstar Accountancy's accounting solutions encompass a

wide range of services, including financial accounting, tax planning and compliance,
bookkeeping, payroll management, business advisory, auditing, and assurance.

Tailored Solutions: The firm provides personalized accounting solutions tailored to meet the
unique needs and goals of each client, whether they are small businesses, multinational
corporations, or individuals.

Limitations:

Resource Constraints: Goldstar Accountancy may face limitations in terms of resources,

including staff, time, and technology, which could affect the firm's capacity to handle a high
volume of clients or complex accounting tasks.

Complexity of Regulations: Keeping pace with evolving accounting standards, tax laws, and
regulatory requirements can be challenging, and Goldstar Accountancy may encounter
limitations in interpreting and implementing complex regulations correctly.
1.5 Report Organization

This project consists of four chapters. These chapters are classified to make documentation of the
project more transparent. A brief description about the contents of each chapter is given in the
following paragraphs:

1. Chapter 1: Introduction

Introduction, Problem Statement, Objectives, Scope and Limitation, Report Organization

2. Chapter 2: Organization Details and Literature Review

Introduction to Organization, Organizational Hierarchy, Working Domains of Organization,

Description of Intern Department/Unit, Literature Review / Related Study (if any)

3. Chapter 3: Internship Activities

Roles and Responsibilities, Weekly log (Log should contain the list of technical activities
performed), Description of the Project(s) Involved During Internship, Tasks / Activities
Performed (Technical details of the activities done during the internship)

4. Chapter 4: Conclusion and Learning Outcomes

Conclusion and Learning Outcome

 Chapter 2 : Organization Details and Literature Review

2.1. Introduction to Organization

Goldstar Accountancy maintains a well-structured and organized reporting system, ensuring

clarity, accuracy, and accessibility of financial information for clients and stakeholders. The
report organization at Goldstar Accountancy follows a systematic approach, with each section
serving a specific purpose and contributing to the overall transparency and effectiveness of
financial reporting.

At the forefront of the organization are executive summaries, providing concise overviews of key
financial highlights, performance metrics, and strategic insights. This allows stakeholders to
quickly grasp the most important aspects of the financial report without delving into detailed
data.

Furthermore, Goldstar Accountancy emphasizes the importance of transparency and disclosure

in financial reporting. The report organization includes comprehensive disclosures on significant
accounting policies, estimates, and other relevant information, enhancing the credibility and
reliability of the financial statements.

Overall, Goldstar Accountancy's meticulous approach to report organization reflects its

commitment to delivering high-quality financial reporting services that meet the diverse needs of
clients and stakeholders. By providing clear, accurate, and insightful financial information,
Goldstar Accountancy empowers clients to make informed decisions and achieve their financial
goals effectively.
2.2 Organizational Hierarchy

Goldstar Accountancy follows a hierarchical organizational structure designed to facilitate

efficient operations, clear communication channels, and effective decision-making.

Accounting Services: Responsible for financial accounting, bookkeeping, and preparing financial
statements for clients.

Taxation Department: Handles tax planning, compliance, and advisory services for individuals
and businesses.

Audit and Assurance: Conducts audits, reviews, and assurance engagements to ensure the
accuracy and integrity of financial reporting.

Fig: 2.2 Organizational Hierarchy

2.3. Working Domains of Organization

Goldstar Accountants operates within a broad spectrum of financial domains, encompassing

accounting, taxation, auditing, advisory services, and more. At the core of its operations lies a
commitment to delivering comprehensive and high-quality financial solutions to a diverse
clientele. Within the realm of accounting services, Goldstar Accountants handles a multitude of
tasks, ranging from basic bookkeeping to complex financial statement preparation. Its expert
team ensures meticulous record-keeping, accurate data analysis, and adherence to accounting
standards, providing clients with a clear and transparent view of their financial standing.

In the realm of taxation, Goldstar Accountants offers specialized expertise in tax planning,
compliance, and advisory services. Its seasoned professionals navigate the intricacies of tax laws
and regulations, helping clients optimize their tax strategies, minimize liabilities, and stay
compliant with regulatory requirements. With a focus on professionalism, expertise, and client
satisfaction, Goldstar Accountants leverages its industry-specific knowledge, advanced
technology, and commitment to excellence to deliver comprehensive financial solutions that
empower clients to thrive in today's complex and dynamic business environment.

Fig: 2.3 : Working Domains of Organization

2.4 Description of intern Departments

The intern department at Goldstar Accountancy serves as a valuable platform for aspiring
accounting professionals to gain practical experience, develop skills, and explore career
opportunities in the field of accounting and finance. The department is designed to provide
interns with hands-on training, mentorship, and exposure to various aspects of accounting
practice, preparing them for future roles within the firm or in the broader industry. The intern
department operates under the guidance of experienced professionals within the firm, including
managers, senior accountants, and department heads, who oversee the interns' day-to-day
activities and provide mentorship and support.

Supervisors Name: Bhesh raj Sharma

1. Training and Development: They Provide interns with comprehensive training and
development opportunities to enhance their technical skills, knowledge of accounting principles,
and familiarity with accounting software and tools commonly used in practice.

2. Hands-on Experience: They Offer interns practical experience by involving them in real-world
accounting tasks and projects, such as bookkeeping, data entry, financial analysis, and report
preparation.

3. Professional Exposure: They Expose interns to different areas of accounting practice,

including financial accounting, taxation, auditing, and advisory services, through rotations or
assignments across various departments within the firm. This exposure helps me explore
different career paths within the accounting profession and discover areas of interest or
specialization.

4. Mentorship and Guidance: They Provide interns with mentorship and guidance from
experienced professionals within the firm, who serve as role models and advisors throughout the
internship period. Mentors offer support, feedback, and career advice to help me navigate their
professional development and achieve their goals.

5. Networking Opportunities: They Facilitate networking opportunities for interns to interact

with professionals, peers, and clients within the firm and the broader accounting community.
2.5 Literature Review

A literature review of Goldstar Accountancy highlights its prominence in the accounting

industry, characterized by its commitment to excellence, innovation, and client-centric approach.
Studies and reports consistently recognize Goldstar Accountancy for its comprehensive range of
financial services, including accounting, taxation, auditing, and advisory, tailored to meet the
diverse needs of clients across various industries [1]. Scholars often praise the firm for its
adherence to accounting standards, regulatory compliance, and utilization of advanced
technologies to streamline processes and enhance efficiency in financial reporting [4]. Moreover,
academic literature frequently cites Goldstar Accountancy as a benchmark for best practices in
areas such as tax planning, risk management, and financial consulting, attributing its success to a
combination of technical expertise, industry knowledge, and dedication to client satisfaction [3].
Through its thought leadership initiatives, participation in professional associations, and
contributions to scholarly research, Goldstar Accountancy continues to shape the discourse
within the accounting profession, influencing practices and standards in the pursuit of excellence
and innovation.
CHAPTER 3: INTERNSHIP ACTIVITIES

3.1 Roles and Responsibilities

Goldstar Accountancy shoulders a multifaceted array of roles and responsibilities within the
financial landscape, epitomizing its dedication to comprehensive client service and industry
leadership. At its core, the firm assumes the role of a trusted advisor, guiding clients through the
complexities of financial management with expertise and integrity. This encompasses a broad
spectrum of responsibilities, including financial accounting, tax planning and compliance,
auditing, and advisory services. In the realm of financial accounting, Goldstar meticulously
maintains accurate records, prepares financial statements, and offers insights into financial
performance, empowering clients with the information needed to make informed decisions.
Through its auditing services, Goldstar provides assurance on the accuracy and reliability of
financial reporting, instilling confidence in stakeholders and fostering transparency.

Fig:3.1: Roles of an Accountant

3.2 Weekly Log

Weeks Date Activities Performed

1st Week 4th March to 15th March Introduction to Management

Accounts to their files.

2nd Week 16th March to 25th March It make the office and System
Setup.

3rd Week 26th March to 8th April Providing Support of Book Keeping
.

4th Week 9th April to 16th April Providing Supports of Annual

Statutory Accounts.

5th Week 17th April to 27 April Assisting with Tax

Planning ,Enquiries and
Investigations.

6th Week 28th April to 18th May Providing Support for VAT
Registration Administration

7th week 19th May to 4th June They Assist to Business Start-up
and Advisory Services

Table 3.2: Weekly Log

3.3 Description of the Projects (s) involved During Internships

During Internship I involved in these Fields :

Financial Statement Preparation: I can assist in preparing financial statements, including

balance sheets, income statements, and cash flow statements, for clients.

Bookkeeping and Data Entry: It will be tasked with bookkeeping duties, such as recording
transactions, maintaining general ledgers, and updating accounting records using software
platforms like QuickBooks or Zero.

Tax Return Preparation: I can participate in the preparation of tax returns for individuals,
businesses, or organizations. This project involves gathering relevant tax documents, inputting
data into tax preparation software, and conducting tax calculations to ensure compliance with tax
laws and regulations.

Audit Assistance: Its support audit teams in conducting audits or assurance engagements for
clients. This project includes tasks such as verifying financial transactions, testing internal
controls, and preparing audit documentation under the supervision of senior auditors.

Financial Analysis: They assist in conducting financial analysis for clients, such as profitability
analysis, trend analysis, or variance analysis. This project involves interpreting financial data,
identifying trends or patterns, and preparing reports or presentations to communicate findings to
clients.

Client Communication: It may have opportunities to interact with clients, either through email
correspondence, phone calls, or in-person meetings. This project focuses on developing
communication skills, professionalism, and client relationship management.

Research and Compliance: They assigned research projects related to accounting standards, tax
regulations, or industry trends. This project involves conducting research, analyzing findings,
and preparing memo.
3.4. Tasks/Activities Performed (Technical details of the activities done during
the internships)

During internships, I can engage in a variety of tasks and activities that involve technical skills
and knowledge relevant to the field of accounting and financial services.

1.Financial Data Entry and Analysis: It input financial data into accounting software systems,
such as QuickBooks or zero, ensuring accuracy and completeness. They may assist in analyzing
financial data to identify trends, discrepancies, or areas requiring further investigation.

2.Bank Reconciliations: They reconcile bank statements with financial records to ensure
consistency and accuracy in recording transactions. This involves matching deposits,
withdrawals, and other transactions to bank statements and resolving any discrepancies.

3.Journal Entries: It prepare journal entries to record financial transactions, such as revenue
recognition, expense accruals, and depreciation. They ensure proper documentation and
classification of transactions according to accounting principles.

4.Financial Statement Preparation: It preparing financial statements, including balance sheets,

income statements, and cash flow statements. They compile financial data, organize information
into appropriate formats, and ensure compliance with accounting standards.

5.Tax Preparation Support: It may help prepare tax returns for individuals, businesses, or
organizations. This includes gathering tax documents, inputting data into tax preparation
software, and calculating tax liabilities or refunds based on applicable tax laws and regulations.

6.Audit Assistance: It support audit teams in conducting audits or assurance engagements for
clients. They may perform audit procedures, such as testing internal controls, verifying financial
transactions, and preparing audit documentation in accordance with auditing standards.

7.Financial Analysis: They conduct financial analysis to assess the financial health and
performance of clients.
 Chapter 4: Conclusion and Learning Outcomes

4.1 Conclusion

In conclusion, Goldstar Accountancy stands as a beacon of excellence in the accounting industry,

distinguished by its unwavering commitment to professionalism, innovation, and client
satisfaction. Through its comprehensive range of financial services, including accounting,
taxation, auditing, and advisory, the firm delivers tailored solutions that meet the diverse needs
of clients across various industries. With a team of seasoned professionals and a culture of
continuous learning and development, Goldstar Accountancy embodies the highest standards of
technical expertise, integrity, and ethical conduct. Its dedication to leveraging advanced
technologies, adhering to regulatory standards, and providing personalized attention to clients
ensures the delivery of accurate, reliable, and timely financial solutions. Moreover, Goldstar
Accountancy's thought leadership initiatives, community engagement efforts, and contributions
to scholarly research further underscore its position as a trusted advisor and industry leader. As it
continues to evolve and innovate in response to changing market dynamics, Goldstar
Accountancy remains steadfast in its mission to empower clients, drive success, and uphold the
principles of excellence in all its endeavors.

Their role as business and financial advisors as well as accountants. Our partners are supported
by a dedicated and experienced professional staff, all of whom benefit from a continuous
program of structured training, and have the capacity to offer the breadth of expertise and
professionalism required to meet the needs of corporate clients yet at the same time our staff is
small enough to provide personal contact and attention to detail.
4.2 Learning outcomes

The learning outcomes of internships at Goldstar Accountancy are profound and transformative,
equipping participants with invaluable skills, knowledge, and experiences essential for success in
the accounting and financial services industry. Through hands-on engagement with real-world
accounting tasks and projects, interns develop a deep understanding of accounting principles,
practices, and standards. They gain proficiency in using accounting software and tools, honing
their technical abilities in financial data analysis, reconciliation, and reporting. Moreover, interns
cultivate critical thinking and problem-solving skills as they navigate complex financial
scenarios, interpret regulations, and address client needs. Beyond technical expertise, internships
at Goldstar Accountancy foster the development of professional skills, including effective
communication, teamwork, and client relationship management. Interns learn to collaborate with
colleagues, interact with clients, and deliver high-quality services with professionalism and
integrity. Furthermore, internships provide opportunities for personal growth and self-discovery,
as interns explore different areas of accounting practice, identify their strengths and interests, and
chart their career paths. Overall, the learning outcomes of internships at Goldstar Accountancy
extend far beyond the acquisition of technical knowledge; they empower interns to become
confident, competent, and ethical accounting professionals poised for success in the dynamic and
challenging world of accounting and finance.
References

1. https://www.goldstaraccountants.com/about/

2. https://www.goldstaraccountants.com/

3. https://www.goldstaraccountants.com/annual-statutory-accounts/

4. https://www.goldstaraccountants.com/tax-planning-enquiries-and-investigations/

5. https://www.goldstaraccountants.com/contact/
Appendices (Screenshots)