1) Experiencing working in a business office setting,
2) Learning about Statutory Accounting Principles (which had not yet been learned at school),
3) Working for GAAP to make financial statements (ex. cash flow statement)
4) Participating in preparation of quarterly statements
1) Frequent periods of inactivity due to little work available
2) Although periods of inactivity are somewhat predictable, they are more frequent than periods of activity
3) Resources/team members not always available to learn more about SAP which could have been helpful in preparing quarterly statements
Advice to Potential Interns
Depending on under which manager you're working, you will be either under the Stat (SAP) side or the GAAP side of accounting. As an intern/co-op, be prepared to do work for both sides and keep an open mind for learning about Stat especially if you haven't learned about it in school. Also be prepared for periods of not having any work; maybe it's because I'm in a temporary position, but there are many times when I have absolutely no work.
Sample Interview Questions
1) What was a time when there were adverse factors and what did you do?
Advice to Management
Ideally, I would have liked some training on SAP; while preparing quarterly statements, I had a lot of questions and was usually stuck during preparation with little to no answers/progress because everyone else was busy with their own quarterly statements. I think basic training on SAP may have mitigated that roadblock.