OMO VALLEY COLLEGE

COLLEGE OF BUSINESS AND ECONOMICS DEPARTMENT OF ACCOUNTING

AND FINANCE.

FINAL REPORT OF PRACTICAL ATTACHMENT

By; -------------------------

ID No:

SUBMITTED TO: DEPARTMENT OF management

November, 2023

WOLAITA SODO, ETHIOPIA

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Acknowledgement:

First of all, I would like to express my sincere gratitude to the college dean MIS Zelalem Borena
and my supervisor in the HR department at omo valley college for their guidance and support
throughout my internship. Their invaluable mentorship and encouragement have greatly
contributed to my learning and growth during this experience.
I would like to extend my heartfelt appreciation to the college dean for providing me with the
opportunity to intern in the finance department. Your belief in my abilities and trust in my
potential have been instrumental in shaping my career aspirations.
I would also like to convey my deepest thanks to my supervisor in the HR department. Your
expertise, patience, and willingness to share your knowledge have been truly inspiring. Your
guidance in assigning me meaningful tasks and projects has allowed me to gain practical insights
into the field of finance..
I am grateful for the continuous support, feedback, and constructive criticism provided by both
my supervisor and the college dean. Your insights and suggestions have helped me enhance my
skills and develop a better understanding of the HR industry.
Lastly, I would like to express my appreciation to the college administration for creating a
conducive environment for internships and providing the necessary resources for a successful
internship program.

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Executive Summary
The executive summary provides a concise overview of your internship experience at Omo
valley college in the Human Resource department. It highlights the key findings and
recommendations from your internship report. Here's an example of what your executive
summary could include:

The executive summary aims to provide a brief yet comprehensive summary of the internship
report. It highlights the main aspects of the report, including the purpose, key findings, and
recommendations.

The purpose of this internship report was to gain practical experience in the Human Resource
department at Omo valley college and to analyze the HR practices within the organization.
Through active participation and observation, valuable insights were gained into the College's
HR functions and the overall effectiveness of its HR policies and procedures. During the
internship, key activities in the HR department were observed and analyzed. These activities
included recruitment and selection, employee on boarding, performance management, employee
relations, and training and development initiatives. The report assesses these areas and provides
an analysis of the strengths and areas for improvement within each. Based on the observations
and analysis, several recommendations have been made for enhancing the HR practices at
Harmony Grand College. These recommendations include streamlining the recruitment process
to attract and retain top talent, implementing a comprehensive employee training and
development program, strengthening employee engagement initiatives, and enhancing
communication channels within the organization.

Overall, the internship at omo valley college provided valuable insights into the practical
application of HR principles and strategies within an educational institution. The experience
offered an opportunity to contribute to the HR functions and make recommendations for
improvement.

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 CONTENT

CONTENT........................................................................................................................................................iii

CHAPTER ONE......................................................................................................1

1. INTRODUCTION...............................................................................................1

1.1 Background Information of the Office............................................................1

3. Corporate Finance:

4. Financial Markets and Institutions

5. Risk Management and Insurance:....................................................................................3

CHAPTER TWO.....................................................................................................4

Overview of the organization.................................................................................4

2.1. Introduction to Omo Valley College..................................................................................4

2.2 Vision.....................................................................................................................................4

......................................................................................................................................................4

2.3 Mission..................................................................................................................................4

2.4 Values....................................................................................................................................5

2.5. Hierarchy and Organogram..............................................................................................5

2.8 Organizational structure of Omo Valley College..............................................................5

CHAPTER THREE.................................................................................................6

3. What I have learned.........................................................................................6

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...................................................................................................................................6

CHAPTER FOUR...................................................................................................8

4. ANALYSES..........................................................................................................8

SWOT ANALYSIS OF THE OFFICE..................................................................8

4.1.2. Weakness.....................................................................................................................9

5. CONCLUSION AND RECOMMENDATIONS............................................10

5.1 Summary and Conclusion.................................................................................................10

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 CHAPTER ONE

1. INTRODUCTION

1.1 Background Information of the Office

Omo valley college Office of Finance was established with the establishment in 2004.

Harmony collage office of Finance is one of the non-profit organization and government office
which gives the public financial services to the society and other public offices in the Colleges of
Harmony. It undertakes different financial activities of government offices in Collage of
Harmony. Because it is finance related government sector, its activity is governed by policies,
strategies, manuals and guidelines developed by the Bureau of Finance. It collects and aggregate
the required Collage of Harmony financial data and information and submit reports to the
Woreda Administrative Council (Cabinet) and BoFED.
Starting from its establishment Collage of Harmony Office of Finance until 2016 it was
continued its normal operations but not highly computerized at the time of its establishment most
activity was done manually and take many times which has its own effect on the performance
and daily activities of the office. However, currently the office was tried to computerize its
activity

Generally, omo valley colleges Finance was performing its activity according to the policy,
strategy and guidelines given from omo valley college of Finance.s

1.2 purposes

The purpose of a finance program in college is to provide students with a comprehensive

understanding of financial concepts and practices in the context of business and economics. The
finance discipline focuses on the management of funds, investments, and financial resources
within an organization.

Here are some key purposes of a finance program in omo valley college:

1. Financial Decision-Making: Finance programs aim to equip students with the knowledge and
skills necessary to make informed financial decisions

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2. Financial Planning and Analysis: Students learn how to develop financial plans and conduct
financial analysis to support business strategies.

3. Investment Management: Finance programs provide students with a foundation in

investment management, teaching them how to analyze various investment options, assess risks
and returns, and construct investment portfolios

4. Corporate Finance: Students gain an understanding of the financial operations within a

corporation

5. Risk Management: Finance programs emphasize the importance of identifying, evaluating,

and managing financial risks

6. Financial Markets and Institutions: Students study the functioning of financial markets and
institutions, including stock markets, bond markets, banking systems, and regulatory
frameworks.

1.3 data collection

To conduct this study the reporter used both primary and secondary sources of data. Primary data
source was collected from respondents through distributing questionnaire, asking interviews that
either written or oral. Secondary sources of data were gathered from the documented data about
the organization which is published and unpublished materials records and documents of the
organization.

1.4 scope of study

The scope of study in a financial business and economics college, such as omo valley college
encompasses a wide range of subjects and areas within the field of finance. Students can expect
to study various topics that provide them with a comprehensive understanding of financial
principles, practices, and their applications in the business and economic context. Here are
some key areas within the scope of study:

1. Financial Management: This area covers the fundamentals of financial management,

including financial planning, capital budgeting, cost of capital, working capital management,
and financial statement analysis.

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2. Investments: The study of investments focuses on understanding the different investment
vehicles, such as stocks, bonds, derivatives, and real estate

3. Corporate Finance: Corporate finance deals with financial decisions made within
corporations.

4. Financial Markets and Institutions: This area examines the functioning of financial
markets, including stock exchanges, bond markets, foreign exchange markets, and commodity
markets.

5. Risk Management and Insurance: Risk management focuses on identifying, measuring, and
managing financial risks faced by businesses.

CHAPTER TWO

Overview of the organization

2.1. Introduction to Omo Valley College
As it is known modern economy demand the proper use of highly trained human resource. To
this effect higher education viewed as an important instrument for an economic security and
mobility. The current climate of globalization and liberalization, academic economic growth of
recent years have created demand for trained man power. The demand for competent and well

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 trained employees is also increasing in both governmental and non-governmental organizations.
In this regard to contribution of private higher education institutions are so significant to satisfy
the over increasing demand for trained employees and promote internship.
By considering this Harmony Grand College was established to play its part in Ethiopia n higher
education. This college has established to provide a training and quality education, conduct
problem solving researches, engage in value added community service and training technology
to the community in and around wolaita. As stated in the Ethiopian higher education
proclamation 650/2009, the main objective of higher education institutions is to provide quality
education with the aim of producing and supplying competent employees to the world of work
and fostering technology bland knowledge transfer. Further more the new education policy
which encourage the private sector to invest in education in general and higher education in
particular, has promoted investors to actively participate in the expansion of higher education in
the country to meet the over increasing demand for qualified and competent man power.
Harmony grand college has taken advantage of this opportunity and envision being the leading
private college and a center of excellence in practical education and applied research in east
Africa.
2.2 Vision
Omo Valley Colleges(OVC) aspires to be one of the leading five private universities in Ethiopia
and among best universities in East Africa by the year 2040 G.C.s
2.3 Mission
Omo Valley Colleges(OVC) striving to carry out its mission within the context of three basic
pillars: providing quality education and training conducting problem solving scientific research
and engaging in continues community service to over come the society bottlenecks.
2.4 Values
-Commitment to quality services -accountability
-gender sensitivity -transparency
-economic and social justice -academic freedom
-kindness and respect -good governance
2.5. Hierarchy and Organogram
2.8 Organizational structure of Omo Valley College

Board of trustees

president

Finance and administrative dean

Academic dean
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Academic council
 CHAPTER THREE
3. What I have learned
During my internship at the Finance Department of omo valley College, I had the opportunity to

gain practical experience and contribute to various departments within the organization. This

chapter will provide an overview of my internship activities, the departments I was assigned to,

the activities I performed, and the valuable lessons I learned during the internship period.

1. Duration of Internship:

The duration of my internship at the Finance Department was [mention the duration, 10 days].
During this period, I had the privilege to work closely with faculty members and staff, gaining
insights into the operations of the department.

3.1. Departments Assigned:

Throughout my internship, I was placed in several departments within the Finance Department.
These departments included:

a. Academic Programs: In the Academic Programs department, I assisted in the development

and review of finance and economics courses. I contributed to curriculum planning, course
material preparation, and conducting research on emerging topics in the field.

b. Research and Publications: Within the Research and Publications department, I worked
alongside faculty members on various research projects. I conducted literature reviews, collected
data, analyzed research findings, and assisted in the preparation of research papers for
publication.

c. Student Support: In the Student Support department, I provided guidance and assistance to
students. I helped them with academic queries, provided career counseling, and organized
workshops and seminars to enhance their understanding of finance concepts.

3.2. Overall Experience:

My internship at the Finance Department of Harmony College was an invaluable experience that
provided me with practical knowledge and enhanced my understanding of finance and
economics concepts. Throughout the internship, I learned several important lessons, including:

a. Application of Theoretical Knowledge: I realized the significance of applying theoretical

knowledge in real-world scenarios. I witnessed how finance and economics principles are
implemented in academic programs, research projects, and student support activities.

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b. Importance of Research and Analysis: Engaging in research activities taught me the
importance of conducting thorough research, collecting reliable data, and analyzing findings
critically. I developed skills in data analysis and gained insights into the research process.

c. Effective Communication and Collaboration: Working closely with faculty members and
staff emphasized the importance of effective communication and collaboration. I improved my
interpersonal skills, learned to communicate ideas clearly, and understood the value of
teamwork.

d. Holistic Approach to Education: I recognized the importance of a holistic approach to

education. The internship exposed me to various aspects of academia, including curriculum
development, teaching methodologies, student support, and research. This experience broadened
my perspective on the multifaceted nature of education.

In conclusion, my internship at the Finance Department provided me with practical exposure to

various departments, allowing me to apply theoretical knowledge, engage in research activities,
support students, and collaborate with experienced professionals. The experience enriched my
understanding of finance, enhanced my skills, and prepared me for future endeavors in the field.

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 CHAPTER FOUR

4. ANALYSES

SWOT ANALYSIS OF THE OFFICE

Introduction:

This chapter focuses on conducting analyses of the organization. It includes financial analyses
using various ratios, indices, common size, and trend analysis. Additionally, a SWOT analysis is
conducted to assess the organization's key external opportunities, threats, internal strengths, and
weaknesses.

Financial Analyses:

Financial analyses provide insights into the organization's financial performance and stability.
The following analyses were conducted:

1. Ratio Analysis: Ratio analysis involves calculating and interpreting key financial ratios to
assess the organization's liquidity, profitability, efficiency, and solvency. Ratios such as current
ratio, return on investment (ROI), gross profit margin, and debt-to-equity ratio were examined to
evaluate the financial health of the organization.

2. Index Analysis: Index analysis compares the organization's financial performance with
industry benchmarks or previous periods. It helps identify areas of strength or weakness relative
to industry standards.

3. Common Size Analysis: Common size analysis involves expressing financial statements as a
percentage of a base figure, typically total assets or total revenue.

4. Trend Analysis: Trend analysis examines financial data over multiple periods to identify
patterns and trends. It helps assess the organization's financial performance over time and
identify areas of improvement or concern.

4.1.1 Strength

 Keeping the organizational policy and behavior.

 Discussion within the staff on their weekly strength and weakness.
 Most of the workers are punctual and have interest to work in team.
 Employees have good relation within each other.
 Most employees are willingness to serve customers.
 The office provide favorable service for its employees.

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  Good motivation of managers and supervision to their work.
 Efforts to minimize expenditures and to maximize satisfaction.
 High morale of workers.
 Most of the employees trying to fulfill their responsibility.
 Existence of a well experienced and committed work force.

4.1.2. Weakness

 Office structure is not convenience for work.

 Lack of recent written document.
 Absence of well-organized information desk.
 Lack of sitting documents in the right place.
 Absence of good communication.
 Lack of giving short and long term Professional skill training to employees.
 Absence of written document regarding the organizations.
 Unplanned budget consumption in the office.

4.1.3. Opportunities

 Sustained peace of the country are favorable to meet their objectives.

 Positive response of the population to developmental issues.
 Presence of profusely resources.
 Peaceful and stable political administration system.
 Highly motivation of population toward development.
 Governmental motivation to expand developmental strategy.

4.1.4. Threat

Failure of day to activities of the office.

 Retirement of role employees from the Office.

 Habit of rent seeking.
 Aid of NGO’s and foreign government not reached at a time.
 Financial constraint or inflation

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 CHAPTER FIVE
5. CONCLUSION AND RECOMMENDATIONS
5.1 Summary and Conclusion
Omo valley Office of Finance is found Harmony collage. The office has its own rule, regulation,
plan, vision, structure, mission and objectives. SWOT analysis-the organization have also its
own strength and opportunity also its weakness and treat which hinders the organization to
perform its activity in a proper way.

Government finance administration is one of the organizational divisions which has its own
working strategic plan and perform finance administration related activities. In addition to this
the organization has certain strength, weakness, opportunity and treats which I have seen from
different perspective. Besides this, the organization process its activity in fair and active manner
in order to serve financial and non-financial problems of the organization. Finally I would focus
and look the above problems in woreda Finance I recommended my solution and suggestions
from my point of view.

5.2 Recommendations
To recommend the office has so many weakness, treats and problems. In order to reduce these
weakness and problems there are improvements regarding governance, management, human
resource and finance. Some of the office working areas needed improvements in the office are
mentioned as follows;-

 Avoiding budget extravagance on unplanned activity.

 Strong follow up should be taken.
 Fulfilling office equipment for better service.
 Create harmonious relationship between managers and employees, each other’s
 Avoid management human resource problem service, delivery system,
organizational sustainability and equipment’s needed to reform the offices
activities.
 Develop punctuality and efficient working habit.
 Hiring qualified employees into the office.
 Consumption of the Budget for only planned activity
 Document necessary information’s of the organizational values and objectives in
written form.
 Developing tolerance habit among employees.

REFERENCE

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  Bhat S. (2008). Financial Management: Principles and Practice.

 Howard, B. and Upton, M. (1953). Introduction to Business Finance.

 Format of weekly and monthly reports.

 Employees and supervisors ideas.

 Website of the organization.

 Different written documents.

Appendix

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1.What are the strengths of the college?

2. What are the weakness of the college?

3.what are the opportunities of the college?

4.what are the threats of the collage?

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