MANAGEMENT AND REFLECTIVE REPORT

Management and Reflective Report



Executive Summary

The opportunity to intern at the finance and administration department of education office, London has remained a learning experience. The paper highlights the management report of the research project and the reflective learning from this internship. I was assigned to conduct this consultancy research because currently the department does not outsource its financing service needs. There is an in-house department to advice for the financial operations the research aim was to identify whether the process of undertaking the financial consultancy services be beneficial for the department. The research I conduced was part of education office plan to outsource the consulting service. For this purpose, the department wants to conduct the feasibility of the process using the study method. I was assigned the project to formulate the decision about whether it will be feasible for the finance department to outsource the financial services or not.

The financial consultancy services have many applications. Preparations of documents, accounts, balance of form, reporting delivery and the like. Financial advisers decided it was questions of management of financial, human resources, management. One can say that accounting is a working tool, and financial consulting is a broader concept, which affects different areas of the company. To conduct the research, a sample of the 30 was selected to identify the financial consulting efficiency and the use of new technology in management. The sample was divided into the educational institutions and clients who responded about the financial consultancy related to education were taken. Qualitative method is used for this research because the research objective involved the why and how questions which can be answered through descriptive research. Qualitative methods combine a variety of research methods in social sciences, such as in sociology, in ethnology and anthropology, also in marketing. They deliberately leave aside the issue quantitatively to gain depth in the analysis of the object of study. The result of the survey found that many educational institutions are using the financial consulting services to manage their operations. It helps in extending the appropriate services to clients by managing personal resources. Much of the optimization of the financial consulting is achieved through the use of advanced technology. Majority of the respondents believed that the consultant should be able to determine the ratio of the strengths and weaknesses of the company, which he discovered, and methods of preparation, adoption, implementation and monitoring. At the diagnostic phase, the consultants have to collect and process large amounts of information in order to get a clear picture of the situation and give its assessment.

The next section covers reflective report for the research project undertaken during internship. The purpose is to reflect upon the areas of improvement, experience, skills development and the purposefulness of the internship tenure. It goes for identifying the learning done through the study design and execution, besides, the section also highlights the individual projects undertaken as part of internship requirement including communication with clients and the know how of department's ...