INSTRUCTIONS....
1- looking for internship in the internet (indeed, glassdoor)
2- going to interviews and getting accepted at Tina's office
3- talk about the interview process
4- start working at the office and talk about the daily dutie
5- learning outcome
i attached weekly journals read them and include all the info in the journals
6- mention working on filling 1040 tax form and working on income statemen and here you can write like two pages about tax forms and income statement
7- experience and everything in the journal should be added
check attachments and follow the writing guide
8- learning about bankruptcy chapter
13 ,7 and talk about that in the paper
Please make the paper organized and clear if u have any question please ask me
Solution
Internship Project
Name of Student
Name of the professor
Date
Looking for internships
The process of
my search within
regards to my internship initiated in collaboration with researching several of
companies in the accounting industry. The most challenging steps of my
internship was to search for a reputable company where I would benefit and
adapting knowledge. Although the process was challenging, I was very motivated
to experience hands on with real live cases and hands on experience. My journey
began when I was gathering information in multiple trades of working programs. As I was applying I was
collaborating my school experiences and arranging a resume for the importance
of representation. These written notations are important, as it talks on
your behalf regarding your qualifications. Mostly all companies determine their
prospects with theimportance of qualifications and applied experiences.
The determinations and
expectations of the field or career to the level of my expectations of reach
had already been anticipated by me. There are many steps that I had to take to schedule
interviews with several companies. Resume submissions were made and a long wait
to hear a response began, as for me the anticipation for these companies to reviews and make
their considerations in my favor was not very predictable. Being a foreign student
and not really having much work experience in the United States was a little
nerve wrecking. I was also assigned to a recruiter that assisted me in
obtaining an establishment to initiate my internship. This was a challenge. Most companies needed experiences at some
level, which I really didn’t have.
I was grateful
to have been guided by my recruiter as he was able to equip me me with tips and guidance. The competition with a large crowd of
students in the process of
following the same steps as me made it challenging. I was concern that
after many resumes and many interviews I was not going to meet the requirements
that these companies were looking for. However, I never stopped from being
determined to find a company that I could learn what I’ve been studying all
these years. I also gained insights to many other things that I
could be facing in the workforce.
Being an accounting student
with many more candidates as me and the competition I would be facing was definitely
something that motivated me to consider looking for a company that had
more than just one type of service.
After several
applications on Indeed, Glassdoor Jobs and Career Builder I was finally given
the opportunity for a second evaluation associated with the field in which I
was hopeful for. The excitement was
overwhelming, but thrilled to have accomplished this new path for success. The
descriptions of the job duties were presented and introduction to the work area
with a detail explanation. I
was given my hours of office work and details of the duties I would be
responsible for. Some of the duties include legal assistance, bankruptcy
intake, accounting such as tax preparation and bankruptcy application intakes. I would also be learning how the courts
procedures would be handled and what the IRS’ requirements are needed for such
tax filings. I was learning how to manage quick book.
There
were many specifics in the processes and implements of the bases of a career which
was something I discovered through this internship. I was able to gain the experience
in different subfields were a rewarding experience. The possibilities of my
future career taking a turn into something more refinedwitha lot more knowledge
gained. This was the appropriate field for what I am planning to attain. This
learning will develop the necessary insights to which are essential in the
course and determination of a more refined manner to my post education pursuits.
It was tax season and it
was difficult to get an internship at this time.
Accepting and Working at Tina’s
Paralegal Services
After
applying at certain known companies, I had started receiving the interview
calls. The expansion of these interviews provided me with the opportunity to
present myself in a formal set up. I was able to pull off a professional
conversation with the insights which are based on the measure of the different
professional aspects of life. These are the certain impacts which we don’t even
think about otherwise in the routine academic life. The experience was
remarkable. The collection of the interviews expanded with the implication of
professional competency.
The
measure of this competency level helped me attain the basis of the information
and soaring of certain good and influential connections. These are the
different connections which will help me attain the basis of the different
insights which I can reflect in the different propensities of professional life.
These are the different implications which are maintained in the course of
development and understanding of the different mechanisms which are maintained
in the course of development. The professional life is not entirely requiring
you to build connections only if you are exposing yourself in the workforce. There is a need for strong insights regarding
the different people which you are working with and for. I have developed this imminence
after the interview process.
The
enlightenment associated with personal resources has been maintained after this
course of experience. The different evaluations which are necessary for
recognition of personal talent and which are required to build the talent are
the factors which I have attained. These are the attainments which are expanded
in the measure of the developments which are associated with the course of self-awareness.
This might sound somewhat intellectual, but the course of dependability is
something which I have gathered on for myself. This is something quite
necessary as I have come to understand. This is because of how a person is recognizedto
the develop at the level of personal competency. In case they are unable to
recognize it and how can there be the proximity of polishing that skill. These
are the factors which must necessarily be acknowledged and discovered in the
personal existence before pitching in the professional world.
The
interview process
The
process of the interviews began, and there was a particular internship where I
got recruited as well. The main recognition which I perceived through this
process was that the requisites of the job and my competencies matched
perfectly. The measures associated with the acknowledgement and development
would pave the way for my learning further with the preferred position and the
dimensions which were being offered at the place. The perspectives and insights
expanded, and I was able to recognize the opportunity in the gradient. The
measure of the growth portrayed the conquest, which was to be made.
The
decision was clear I was going to join the position as it had the offering of
whatever was required by me and anticipated by me in the process of appraising
my professional career. The measure of dilemma raised when I got a call from
another place which would provide with the basis of the same perks and measures
for the expansions which I was looking for. These are the developments which were
expanded in the course of measuring the gradients of development in the
professional world. The gaining of basic learning was offered at both places.
The
sole difference was assessed to take place when the evaluation of the perks and
tradeoffs was being carried out. The different measures associated with the
course of learning and development of basis was the same. The understanding of
skills refinement and planning also appeared to be same at both the places. Both
positions required the candidate of my competency of skills and accomplishment
level of understanding. The highlighting of the skills and measure of
competency was established, and the gradient then took to the measure through
the implication of comfort level assessment. The analysis of my assessment made
me realize that the comfort level of the first place did not satisfy me as the
gradient of the commotion was quite escalated, and the parking spot was also
quite difficult to be found. So I undertook the offer at the second internship
position which was offered to me when Tina’s office called.
Working
at the office and the daily duties
The
work internship at Tin’s Paralegal Services began, and I was soon occupied with
the new measures of understandings associated with the tasks allotted. The
allocation of the duties increased with the due settlement, and I began to
assess the measure of responsibilities which are associated with the course of
determining the evaluation of strengths weaknesses and the measures of grasping
better grip over the two. The opportunities and responsibilities increased, and
the course of gaining accounting and development basis were maintained in the
course of learning. The measure of the research performance, dealing with the
different financial reports as the balance sheets, the statement of cash flow,
the income statement, the stakeholders’ equity statement, assistance with tax related
matters processing and the performance of the different duties as per the
requirement.
The
tasks contain the implication in which there is a need to carry out the daily
activities as per the GAAP and the established financial principals. The
measure of immersive and in depth experience is assessed to be provided in the
course of evaluation and the development of accounting practices in the daily
tasks. The preparation of the journal entries the compilation of general
journals and the analysis of the financial reports are the measures of
considerations which are carried out. The provision of the assistance which is
to be provided to the other accountants in the execution of their tasks is also
granted by me. The evaluation, which is maintained in the course of
multitasking, was developed and understood. The attainment of the accuracy with
all these proceedings and essential understanding is the crux of the discussion,
and it is evaluated to be carried out in the measure of time. The increment of
responsibilities was escalated with time, and potential learning gradient was
achieved.
Learning
outcome
The
learning outcomes are pretty helpful as I have regained many new insights and
experiences which education alone could not have provided me with. The
determination and the measure of the evaluated course of practicing is the fact
which is assessed and evaluated in the compilation of a very new and
extravagant experience. These are the experiences which I have gained through the
valuation of the different insights in the practical world, and they have
vastened my learning base tremendously.
The
measure of the learning came in the learning and understanding of the different
concepts. One such concept is of filling out the 1040 tax forms. The different aspects of the data entry are
evaluated based on different setups. The transfer of the data with the usage
implication of quick books has been learnt. The measure of dealing with the client’s
income statement has been learned, and the compilation of the meeting
arrangements and the client meetups has been learnt by me as well. The use of
tax software is the most difficult thing to learn. I’m specifically stuck at
the part with entering the dates.
There
are many positive things associated with the internship. There are so many
things which are done as a measure of betterment and the helpful means of adding
value to my career. I felt very positive about this experience. The only
negative thing which I have anticipated about the situation is the fact that
COVID-19 hit while I was at it and this halted many of the legal and taxation
documents. My learning was impacted in this manner, and I didn’t have the right
margin of closure, which I was looking forward to.
1040 tax form and working on the income
statement
The
measure of the tax form, which is usually used by the people in the filling and
reporting for tax is called Form 1040 (Sheppard,
2019) . The
International Reporting Standards have been considered well in the compilation
of the report and the execution of the submission of the form. There are
different measures which are carried out in the dimensions of the different
duties for the maintenance of income report is quite necessary for the course
of the appropriate evaluation. These are the measures which I have learned in
dealing with the tax claims and the maintenance of the evaluations of the
report to the income. The different considerations which are maintained in the
refund or payment of the form are the basis of the further calculations
performed with the use of the form. The calculation of the tax return and tax
bill can be made by the use of that form (Single &
Rosner, 2017) .
These
are two types of forms in nature, and these are evaluated as 1040 and 1040-SR. The
creation of 1040- SR is the measure used by the Tax handlers and paralegal
consultants when they are dealing with the people who are 65 years of age or
above. The Form 1040 works with the measure of the evaluation of the in-depth
details about the citizens. These are the details which are expanded in the
measure of different subsections of the form. The initial most section of the
form is evaluated to portray the information which is associated with the
basics. These basics are evaluated to understand the individual and what they
do etc. There aredifferent basis of the information which are associated with
the measure of tax filing status and different amounts of tax dependents (PFS, 2019) .
The
measure of the taxable income is also evaluated in this manner. The different
elaborations are maintained in the course of understanding and development.
These are the different developments which are associated with the tallying of
year-long income with the basis of the provided measure of deductions of tax. The
evaluation of the subject to tax income is derived from this portion of the
evaluation (Achenbach,
2018) . This is done
now a day with the tax soft wares.
After
the calculation of the amount of the taxable income, the next measure is to
calculate the tax liability. This is the part at the bottom-most place of the
form, and the evaluation of the different measures of the tax regimes are
provided in this section. There are different elaborations which are maintained
in the domains of deduction of a tax credit, which is provided in the total
taxable income. The amount of the withholding tax considerations are also
expanded in this position. The major advantage of using this form is the fact
that there are different considerations which are associated with the course of
measure of tax actually being taxable or having paid off already by the measure
of tax credit or withholding tax (Soled &
DeLaney Thomas, 2017) .
Bankruptcy
The
process of the bankruptcy is the measure of the evaluation, which is associated
with the business entities when they are overburdened with debt or hardships,
and are not able to pay any or some of it.
One of the importance of this bankruptcy that I learned was there are
different types of Chapter filing such as Chapter 11 (Businesses in operation),
Chapter 12 (Farmers/Fisherman), Chapter 15 (International)and most common
Chapter 7 (Debt forgiveness)and Chapter 13 (Repayment plan). The most commonly
observed practice is the one in which the debtors are initiating the course of the
declaration of the bankruptcy. The imposition through the court order also
means through which the bankruptcy is declared (Skiba &
Tobacman, 2019) .
The
different practices which are associated with the legislation of the insolvency
are the business restructuring practices which are maintained in the course of
the determination of the appropriate practice means. Presently there are
different measures of the practices which are assessed to be aimed at the
course of the rehabilitation and continuation of the business practices which
are assessed to be aimed at the remodelling and the restructuring of the
business (Rodano,
Serrano-Velarde, & Tarantino, 2016) .
The
measures which are undertaken at the sustenance of the business during this
time are the basis of remodelling the business. There are different measures of
the evaluations which are maintained in the domains of focusing on the business
model debt restructuring. This relives somewhat financial distress of the
business. The business can sustain its debt and continue to function in the long
run. There is an evaluation of the different problems, and the course of
mitigation is established in case of the financial distress so that the same
issues of the debts do not happen again (Biddle, Ma,
& Song, 2019) .
This
course of supervised rehabilitation is maintained, and the business is allowed
to sustain in the long run. The different bases of considerations are maintained
in this manner so that the different valuations of the closure of the business
are eradicated. There is a requirement of foresight the issues and evaluation
of the different considerations associated with the different measures of the
analysis of the issue. The measure of risk evaluation and foresight of the
different issues associated with the management of the debt is carried out in
the different measure of analysis (Tian, Yu,
& Guo, 2015) . This is the
analysis which will depict the measure of the different evaluations which are
acknowledging the induction of the situation associated with the dynamics of
mitigation of bankruptcy. This will provide an ample amount of time to mitigate
the bankruptcy by the establishment of the different programs which are aligned
to aid the course of getting rid of debt (Mitman, 2016) .
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