INTERNSHIP REPORT ON INDUSTRIAL TRAINING AT SACU-COOPS BOD CHIEF STREET BOMAKA MILE17 BUEA BRANCH

                                                     ABSTRACT

This report is based on my internship carried out at SACU-COOPS BOD Chief Street Bomaka Mile17 Buea. It outlines and explains when microfinance and cooperatives were introduce in Cameroon, the importance of internship, and microfinance, functions, background, of the establishment, identifies the objectives and mission of the institution, problems faced by the institution, observations made with necessary recommendations and general conclusion.

It also includes all activities carried out during the internship and opportunities you can get while carrying out an internship.

CHAPTER ONE

INTRODUCTION

• BACKGROUND OF THE INTERNSHIP

Internship is a requirement by the University of Buea as a partial fulfillment for the award of a bachelor degree in accounting. I was privileged to be an intern for a period of a month at SACU-COOPS BOD Chief Street Bomaka Mile 17 branch. It covered a period from 1^stAugust to 31^st August 2016.

• Definition of Internship

An internship can be defined by the 8^th edition of the oxford advance learner’s dictionary as a period of time during which students or new graduates get practical experience in a job. It is an opportunity to integrate career related experience into an undergraduate education by participation in a plan and supervise work.

An internship is a course program that is planned or supervises and carried out within a particular time period. It can also be considered that period of time within which a student studies where he or she has got to go out of the class room and try to get some particular knowledge of what have been thought in class concerning their field of studies.

An internship is also defined as an opportunity given to students and potential employees to gain experience as accountants, auditors, managers and marketers. This opportunity is given to students to go out and see what is actually happening in the professional world and what enterprises and companies and companies faced with their competitors in the business world.

Internship also provides real world experience to those looking to explore or gain the relevant knowledge and skills required to enter into a practical career field. Internship is relatively a short term in nature with the primary focus on getting some experience on the job training and taking what is learned in the classroom to apply in the real world situation. Interns generally have a supervisor who assigns specific task and evaluates the, on their overall work. Interns can be a high school or university students interested in trying a new career.

Many university students do internship to gain experience in a career field as to get exposure to determine if they have a genuine interest in their field of studies. Internship in an excellent way to start building all those important connections that is invaluable in developing and maintaining a strong professional network for the future.

1.2. Characteristics Internship

It will help to continue to students in the following ways:

• It involves a supervision component that is monitoring and educational.
• It includes career related experience that complement what is learned in classroom.
• Students will have a reflection and evaluation process at the end of the internship.
• It builds upon the relationship the department/college/university have with employers.
• It is planned and scheduled through consultation with the department or university to fit into the undergraduate experience.
• It contributes to the student’s personal and professional completed before the student graduates from the university.
• Internship is most successful when the student, university and the employer all share responsibilities in making it a valuable experience.
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• Objectives 0f Internship