REPORT

On

ACCOUNTS PAYABLE
By

Shalini Mishra
MBA IV semester
FMS-WISDOM
Banasthali Vidyapith

ANDAZ, DELHI

Submitted To: Submitted to:

Mr. Umesh Samudralkar. Professor Pawandeep Kaur

Assistant Finance Manager. Assistant Professor

Andaz,Delhi Vanasthali Vidyapeeth

Place: Banasthali Vidyapith, Rajasthan

Session: 2021 – 2022

-1-
 PREFACE

The purpose of this report is to explain what I did and

learned during my internship period with the Andaz in the
Finance & Business Accounting. The report focuses primarily on
the assignments handled, working environment, successes and
short comings that the intern did encounter when handling
various tasks assigned to him by the supervisor.

Because the various parts of the report reflect the intern’s

shortcomings, successes, observations and comments, it would
be imperative that the recommendations are also given.
Therefore the report gives a number of comments and
recommendations on the internship programme.

-2-
 Table of Contents

1.1.0Account Receivable & Payables 10

1.1.1General Ledger Process: 12

1.1.2MIS (Monthly Information Status/Statement) 12

1.1.3Payment Process 13

Process 16

CHAPTER THREE 22

CHAPTER FOUR 23

DECLARATION 27

Signature of student: 27

ACKNOWLEDGEMENT 28

-3-
 CHAPTER ONE

1 INTRODUCTION

As an intern with Andaz Hotels (Hyatt Group Company, I was

working in Andaz Hotels subsidiary company of Hyatt Hotels.
I was worked under the supervision of Mr. Umesh Samudralkar
who is the Assistant Finance Manager–Finance of Andaz Delhi.

2 COMPANY BACKGROUND:

Andaz properties are vibrant boutique hotels and resorts that act as
social anchors in their communities. Located in prime locations, they
weave the sights, sounds and tastes of their surroundings to create a
truly immersive stay.

Andaz hotels offer developers and owners a truly unique opportunity to

cater to high-end travelers in some of the world’s most attractive
destinations.

Every Andaz property stands out as a distinctive expression of the

culture that surrounds it.

25 open hotels

16 countries

Competitors: W Hotels, Edition, SBE (SLS, Mondrian)

View Andaz Fact Sheet

(https://www.hyattconnect.com/MicroSites/assets/files/Andaz.pdf)

-10-
AWARDS:

2019 Travel and Leisure Awards, World's Best Hotels

ANDAZ MAUI WAILEA RESORT

2019 Condé Nast Traveler’s 2019 Readers’ Choice Awards

CONDÉ NAST TRAVELER - ANDAZ SINGAPORE, ANDAZ NAPA, ANDAZ SAN DIEGO,
ANDAZ WEST HOLLYWOOD, ANDAZ MAYAKOBA RESORT RIVIERA MAYA, ANDAZ MAUI
WAILEA RESORT, ANDAZ SCOTTSDALE RESORT AND BUNGALOWS

Andaz

Andaz hotels draw upon surrounding neighborhoods to craft

distinctively local experiences, fully immersing guests in
each inspiring destination through unique expressions of local
culture. Every Andaz hotel is one of a kind in every sense -
an elevated reflection of the destination's culture. From
locally inspired architecture in the lobby and facades, to the
music heard in our signature Andaz Lounges, to the flavors in
market-to-table restaurants, distinctive textures in
guestrooms, and soothing aromas at Andaz hotel spas, Andaz
hotels are designed to reflect their surroundings and feature
a unique and innovative service model that creates a barrier-
free and non-traditional environment. Guests will experience
personalized and unscripted service where they can become
inspired by the spirit of the local community.

Ventures 6,494 17

-11-
 Hotel # of Rooms
Location
Hyatt Regency San San Francisco, CA 821 —%
Francisco
Americas Leased 821 2
PropertyOwnership

Total Americas Owned and Leased Hotels 1,642 2

Andaz Delhi New Delhi, 401 50%

India
Andaz Vienna Am Belvedere Vienna, 303 50%
Austria
Hyatt Regency Ahmedabad Ahmedabad, 208 50%
India
EAME/SW Asia Unconsolidated 1,818 6
Hospitality Ventures

Total Full Service Unconsolidated Hospitality

Revenue Allocated to Remaining Performance
Obligations

Revenue allocated to remaining performance obligations

represents contracted revenue that has not yet been recognized,
which includes deferred revenue and amounts that will be
invoiced and recognized as revenue in future periods.
Contracted revenue expected to be recognized in future periods
was approximately $120 million at December 31, 2020, of which
we expect to recognize approximately 10% of the revenue over
the next 12 months and the remainder thereafter.

-12-
 4.DEBT AND EQUITY SECURITIES
We make investments in debt and equity securities that we
believe are strategically and operationally important to our
business. These investments take the form of (i) equity method
investments where we have the ability to significantly
influence the operations of the entity, (ii) marketable
securities held to fund operating programs and for investment
purposes, and (iii) other types of investments.

Equity Method Investments

Equity method investments were $260 million and $232 million

at December 31, 2020 and December 31, 2019, respectively, and
are primarily recorded on our owned and leased hotels segment.
The carrying values and ownership interests of our investments in
unconsolidated hospitality ventures accounted for under the equity
method are as follows:

Other Various 45 51
Total equity method $ 260 $ 232
investments
Carrying value

Grand Hyatt San Francisco, Andaz Maui at Wailea Resort, and

Hyatt Regency Coconut Point Resort and Spa—During the year
ended December 31, 2018, we sold Grand Hyatt San Francisco,
Andaz Maui at Wailea Resort together with adjacent land, and
Hyatt Regency Coconut Point Resort and Spa to an unrelated
third party as a portfolio for approximately $992 million, net
of closing costs and proration adjustments, and accounted for
the transaction as an asset disposition. We entered into long-
term management agreements for the properties upon sale. The
sale resulted in a $531 million pre-tax gain, which was
recognized in gains (losses) on sales of real estate and other
on our consolidated statements of income (loss) during the
year ended December 31, 2018. The operating results and
financial position of these hotels prior to the sale remain
within our owned and leased hotels segment. Although we
concluded the disposal of these properties does not qualify as
discontinued operations, the disposal is considered to be
material. Pre-tax net income attributable to the three
properties was $15 million during the year ended December 31,
2018.

-13-
 Land Held for Development—A wholly owned subsidiary held
undeveloped land in Los Cabos, Mexico. During the year ended
December 31, 2018, an unrelated third party invested in the
subsidiary in exchange for a 50% ownership interest resulting
in derecognition of the subsidiary and the recognition of an
investment in an unconsolidated hospitality venture at fair
value of $45 million.

Like-Kind Exchange Agreements

Periodically, we enter into like-kind exchange agreements

upon the disposition or acquisition of certain properties.
Pursuant to the terms of these agreements, the proceeds from
the sales are placed into an escrow account administered by a
qualified intermediary and are unavailable for our use until
released. The proceeds are recorded as restricted cash on our
consolidated balance sheets and released (i) if they are
utilized as part of a like-kind exchange agreement, (ii) if we
do not identify a suitable replacement property within 45 days
after the agreement date, or (iii) when a like-kind exchange
agreement is not completed within the remaining allowable time
period.

In conjunction with the sale of the property adjacent to

Grand Hyatt San Francisco during the year ended December 31,
2019, $115 million of proceeds were held as restricted for use
in a potential like-kind exchange. However, we did not acquire
the identified replacement property within the specified 180
day period, and the proceeds were released during the year
ended December 31, 2020.

In conjunction with the sale of Hyatt Regency Coconut Point

Resort and Spa during the year ended December 31, 2018, $221
million of proceeds were held as restricted for use in a
potential like-kind exchange. During the year ended December
31, 2018, $198 million of these proceeds were utilized to
acquire Hyatt Regency Phoenix and Hyatt Regency Indian Wells
Resort & Spa and the remaining $23 million were released.

XENIA ASSURANCE COMPANY, INC.

Arizona
ZURICH HOTEL INVESTMENTS B.V.
Netherlands

-14-
NAMES UNDER WHICH SUBSIDIARIES DO BUSINESS
SUBSIDIARY: ARUBA BEACHFRONT RESORTS LIMITED
PARTNERSHIP Names under which such subsidiary
does business:
Hyatt Regency Aruba Resort Spa
and Casino
SUBSIDIARY: HYATT CORPORATION Names under which such subsidiary
does business:
Andaz Scottsdale Resort &
Bungalows
Andaz Napa
Andaz San Diego
Andaz West Hollywood

-15-
1.1.0 Learning’s

1.1 Account Receivable & Payables

Accounts receivable:

Accounts receivable (A/R) is one of a series of accounting

transactions dealing with the billing of customers who owe money
to a person, Alternate Brand Solutions Ltd for goods and services
that have been provided to the customer. In most business
entities this is typically done by generating an invoice and
mailing or electronically delivering it to the customer, who in
turn must pay it within an established timeframe called credit or
payment terms.

An example of a common payment term is Net 30, meaning payment is

due in the amount of the invoice 30 days from the date of invoice.
Other common payment terms include Net 45 and Net 60 but could in
reality be for any time period agreed upon by the vendor and the
customer. This is same with ANDAZ.

While booking a receivable is accomplished by a simple accounting

transaction, the process of maintaining and collecting payments
on the accounts receivable subsidiary account balances can be a
full-time proposition. Depending on the industry in practice,
accounts receivable payments can be received up to 10 - 15 days
after the due date has been reached. These types of payment
practices are sometimes developed by industry standards,
corporate policy, or because of the financial condition of the
client.

On a company's balance sheet, accounts receivable is the amount

that customers owe to that company. Sometimes called trade
receivables, they are classified as current assets assuming that
they are due within one year. To record a journal entry for a
sale on account, one must debit a receivable and credit a revenue
account. When the customer pays off their accounts, one debits
cash and credits the receivable in the journal entry. The ending

-16-
balance on the trial balance sheet for accounts receivable is
always debit.

Business organizations which have become too large to perform

such tasks by hand. ANDAZ are using SAP (accounting software) on
a computer to perform this task.

Accounts payable:

Accounts payable is a file or account that contains money that a

person or company owes to suppliers, but hasn't paid yet (a form
of debt). When you receive an invoice you add it to the file, and
then you remove it when you pay. Thus, the A/P is a form of
credit that suppliers offer to their purchasers by allowing them
to pay for a product or service after it has already been
received.

There is usually a much broader range of services in the A/P file,

and ANDAZ are use accounting software to track the flow of money
into this liability account when they receive invoices and out of
it when they make payments. Increasingly, large firms are using
specialized Accounts Payable Automation to automate the paper and
manual elements of processing an organization's invoices.

Commonly, a supplier will ship a product, issue an invoice, and

collect payment later, which creates a cash conversion cycle, a
period of time during which the supplier has already paid for raw
materials but hasn't been paid in return by the final customer.

When the invoice arrives it is matched to the packing slip and

purchase order, and if all is in order, the invoice is paid. This
is referred to as the three-way match.

-17-
1.2 General Ledger Process:

The general ledger is the core of ANDAZ company’s financial records.

These constitute the central “books” of ANDAZ system, and every
transaction flows through the general ledger. These records remain
as a permanent track of the history of all financial transactions
since day one of the life of ANDAZ Company.

Subledgers and the General Ledger

ANDAZ accounting system will have a number of subsidiary ledgers

(called subledgers) for items such as cash, accounts receivable, and
accounts payable. All the entries that are entered (called posted)
to these subledgers will transact through the general ledger account.
For example, when a credit sale posted in the account receivable
subledger turns into cash due to a payment, the transaction will be
posted to the general ledger and the two (cash and accounts
receivable) subledgers as well.

There are times when items will go directly to the general ledger
without any subledger posting. These are primarily capital financial
transactions that have no operational subledgers. These may include
items such as capital contributions, loan proceeds, loan repayments
(principal), and proceeds from sale of assets. These items will be
linked to your balance sheet but not to your profit and loss
statement.

1.3 MIS (Monthly Information Status/Statement)

MIS report actually means, it is a report conducts day to days

transaction details of a company whether it is small or big. It
covers day to day receipts, payments, any contra, sales; purchase
etc. any transaction depending upon on the company. It is monthly
submitted to the head of the unit. It is like a monthly performance
report. A financial statement that measures a company's financial
performance over a specific accounting period. Financial performance
is assessed by giving a summary of how the business incurred its
revenues and expenses - due to both operating and non-operating
activities. It also shows the net profit or loss incurred over a
-18-
specific accounting period, typically over a fiscal quarter or year.

Also known as the "profit and loss statement" or "statement of

revenue and expense".

ANDAZ use an income statement to track revenues and expenses so that

ANDAZ can determine the operating performance of there business over
a period of time. ANDAZ are using these statements to find out what
areas of their business are over budget or under budget. Specific
items that are causing unexpected expenditures can be pinpointed,
such as phone, fax, mail, or supply expenses. Income statements can
also track dramatic increases in product returns or cost of goods
sold as a percentage of sales. They also can be used to determine
income tax liability.

It is very important to format an income statement so that it is

appropriate to the business being conducted.

-Sector Analysis

-Value Analysis

-19-
 1.4 Payment Process

In ANDAZ, Payment process made from different type (as per

requirement). Most probably ANDAZ prefer payment through
system. But sometime vendor needs urgent payment that time
they prefer manual payment process.

Following are different types of Payment process with

their respective code & effect.

Process Code Effect Code

Payment Process
through system
For Booking Expenses FV-60 Exp.....Dr KR

Vendor.....Cr

For Advance to F-47 Vendor.....Dr KA

Vendor
Bank a/c.....Cr

Payment Process
Manually (Chq/DD)
1)100% Paid with
original Invoice
i)For booking FV-60 Exp.....Dr KR
Expenses
Vendor.....Cr

ii) For Payment F-53 Vendor.....Dr

entry
Bank a/c.....Cr KZ

iii) For attach

FCH5
manual Chq/DD

2) For Advance F-48 Vendor.....Dr

Payment
Bank a/c.....Cr KZ

-20-
Process Code Effect Code

Advance Adjustment
100% Advance
Settlement
i) Book Expenses 100% FV60 Expenses.....Dr

KR
Vendor.....Cr
ii) Knock off advance
with
KR document 100% F-44

Advance Settlement &

Remaining
Payment Process System

i) Book Expenses 100% FV60

Expenses.....Dr
KR

ii) Knock off advance Vendor.....Cr

with
KR document 50% F-44

iii) Change Business F-04

Place

Advance Settlement &

Remaining
Payment Process
Manually (CHQ/DD)

FV60
i) Book Expenses 100%
Expenses...Dr KR

ii) Knock off advance

Vendor...Cr
with
KR document 50% F-44

iii) For attach Manual

Chq/DD FCH5

-21-
Systems Application & Product (SAP)

Enterprise structure:

Enterprise structure is nothing but Organizational unit structure, which is used

to structure Business functions and Reporting. Organizational units are used in
mapping the physical organization of a company on to the SAP system. There are
two types of structures.

External structures: They are used for external reporting purposes. Ex: Company
code

Internal Structure: They are used for Internal reporting purposes. ex:
Business area, Controlling area.

Document type in SAP terminology:

Document type is nothing but two-character alphabetical key which is

used to classify accounting documents and is used to distinguish
Business transactions.

And it controls Document storage by storing the documents belonging

to the same document type together. Ex: SA, KA, KR, KZ, DR, DZ etc...

Creating vendor master records:

1.
First, we need to define Vendor account groups and Number ranges.

2.
Assign number ranges to Vendor account groups.

3.
Define Reconciliation account for Vendors

4.
Then we create a vendor master using the transaction code XK01.

In the creation of vendor master record, we have to specify to which

account group that Vendor belongs to.

And we have to give the address and Basic Information about that
Vendor. We have to give reconciliation account for that Vendor.

-22-
Create Vendor

Process

Reconciliation account in SAP:

Reconciliation Account is nothing but a G/L account, to which

the Transactions posted in Subsidiary legers are posted
automatically.

-23-
1.2.0 Duties and Responsibilities

-
Vendor Payments

-
Invoicing and Receipts

-
Assisting in generation of Daily/ Weekly reports

-Record Keeping
Vendor Payments:

Vendor - I

TheSAP R/3 accounts payable manages the accounting data of all

of a company’s vendors.

A vendor is company’s business partner who has outstanding

payables for received goods or services.

Key areas of accounts payable are:

–Integration of information

–Payment procedures

Vendor – II

Vendor master record processing

Thebasic data object is the vendor master record, and contains

the link to the general ledger, information on each vendor and
the purchasing and accounting functions in the R/3 system

The master record consist of:

–Company code data

-24-
 Vendor – III

Vendor master record processing

General data

–Basic information such as company address, phone, etc

Company code data

–Individual account information concerning the vendor

–The smallest org. unit for which a set of accounts can be drawn
up for reporting purposes

Purchasing organization data

–Information on request for quotation, purchase orders and

invoice verification

Vendor – IV

Vendor master record processing

A new master record is made for each individual account group

Two types exist:

–Internal: Created by the system itself

–External: Determined by the user

All information for master records is entered through a

customized UI

A master record must be created in order to process transactions

-25-
Vendor – V

Vendor invoice processing

Involves data entry

Invoices may or may not have a vendor master record

If an invoice arrives from a vendor without a master record, it

must be created before invoice data can be entered.

Vendor – VI

Down payment release

The payment program generates down payments to vendors

The first step is to generate a request for down payment and a

due date, stored as a document

The system automatically creates the actual down payment, and

pays the invoice amount

The system also reports the amounts accurately in a balance sheet.

Vendor – VII

Automatic payment

Automatic payment is carried out in three steps:

–Create payment proposal

 Based on specifications in the customer master record

–Process payment proposal

 Editing, processing, triggering of payment

-26-
 –Post payment documents

 Generation of payments with matching documents. Payable items are

cleared and linked to the payments

Vendor – VIII

Manual payment

An additional option for processing payments

The following information must always be entered manually:

–The general ledger account number for the bank

–The payment amount

–Any charges/fee

–The document number

-27-
 CHAPTER TWO

2 Work Experiences

When I first arrived, it was unclear to me exactly what my duties

were to be. This was because my terms of reference didn’t indicate
exactly what I was to work on. Through my supervisor Mr.Umesh
Samudralkar, and other colleagues within ANDAZ, I was able to
quickly understand what my work involved and to what extend I was
to do it. The following were some of the motivations that made my
work easier and enjoyable:

 Working as team with the rest of ANDAZ contributors was

something that I truly treasured then since it was through them
that I found it more enjoyable.

 Working on projects that I believed would eventually provide a

clear understanding on the daily operation of ANDAZ. This gave
me the morale to work even harder in order to meet deadlines.

 Being given a chance to learn and use System Applications &

Product (SAP).

 Working in ANDAZ was good work experience for me.

3 The Impact of My Work

Most of the task that I did work on focused more on account receivable
& payable, MIS. Accounts receivable is one of a series of accounting
transactions dealing with the billing of customers who owe money to a
person, company or organization for goods and services that have been
provided to the customer & Accounts payable is a file or account that
contains money that a person or company owes to suppliers, but hasn't
paid yet (a form of debt).

-28-
MIS report actually means, it is a report conducts day to days
transaction details of a company whether it is small or big. It covers
day to day receipts, payments, any contra, sales; purchase etc. any
transaction depending upon on the company. It is monthly submitted to
the head of the unit. It is like a monthly performance report.

Though my contribution might have been small compared to what the

entire team contributed.

4 Successes and Short Comings Successes

There were many successes, both on my side and on the organization

side. Personally the following is what I succeeded on:

 First, to me it was a success having been given a chance to

handle work on system & application.

 I wasn’t familiar with SAP software then but now I can

confidently use it with ease. It is one of the software that

really makes finance one of the most enjoyable fields to deal

with

 The ANDAZ largely succeeded a lot through my skills, competence

and the overall output of my work because;

 I used to hand in my assignments in time. Therefore enabling

ANDAZ to meet deadlines

Short Comings

There weren’t many short comings since as an intern I was given a

lot of support by my supervisor and other fellow staff. Therefore
the major short comings that I did face were:

 Time was limited and therefore I had to leave pre-maturely before

the complete products of my effort were finalised.

-29-
 In terms of cultural differences I must say that nobody should
expect it as easy to integrate in a different culture. But the
difficulty was not based on the way I was welcomed here, it was
that I needed some time to feel comfortable with my new
environment.

-30-
 CHAPTER THREE

3 INTERNSHIP AS A LEARNING PROCESS

While the work I performed during this period was particularly

glamorous and equally thrilling, I feel that this internship
period exposed me to experiences which have significantly altered
my perception of finance & Business Accounting.

4 My Expectations

My expectation was exceeded. I have not only gained the knowledge

from the ANDAZ but also benefited from vast experience and
knowledge of the Financial & Business Accounting.

I had originally intended to join Hyatt Group as a way to

participate directly in financial Accounting. What this meant is
that I wished to participate largely in the SAP based company. I
am worked with ANDAZ for 75 days. The company has a huge clientele
base of corporates in this business due to its association with
the Hyatt Group . I can proudly now say that I learned a lot from.

5 Benefits of the Program

In retrospective, I can say that I benefited from the internship

programme than I thought I would in a number of ways:

 Having a rare opportunity to use the knowledge and skills that

I had acquired back at the college to provide in Accounts.
-31-
 Career-wise, the internship programme undoubtedly enriched my
curriculum vitae (CV). Also, having gotten a chance to interact
with most staff, I have had an insight on how to shape my
career towards a humanitarian job in the near future.

 The internship programme gave me a chance not only to work with

Hyatt Group but also a chance to learn from the best financial
analyst & manager experts. This would reflect much onto my
experience.

 Working with people from different fields was a rare chance

that you can’t easily get from any other organization in
financial sector. Therefore, to me this was another opportunity
to make friends and share ideas.

 To conclude, I can state that my internship at the ANDAZ was a

rewarding experience and provided me with some new perspectives
that I did not come across during my studies back at the
college. I also have to stress that my colleagues at the ANDAZ
contributed greatly to making my stay there a very enjoyable
one. Particularly, working together with Mr. Umesh Samudralkar
was a true pleasure and his faith in my abilities was a real
source of motivation to date.

-32-
 CHAPTER FOUR

OBSERVATION AND CONCLUSION

3 Observations

During the Seventy-five days, I realized that it takes many

steps (even in a smaller company) to achieve a vision. This was
ascertained by a number of observations:

 I did observe that teamwork played quite a huge role in

attaining most of the Companies. It was equally important as
the ability to work independent. But the goal must be to find a
way to combine it in the right way.

 Most of the Hyatt Group employees especially those within the

ANDAZ (of course because I worked with them) are committed to
their work. Most of them would come to work early, leave late
in the evenings and a time come to work during the weekends in
order for them to meet their deadlines. This is something that
I feel few employees in any given organization would do.

 Interns are given the much-needed supervisory support that goes

beyond work related issues. This is so given the fact that a
supervisor would once in a while spend at least part of his/her
private time to talk with an intern over issues that touches on
personal life. This was very encouraging.

 Even with the aforementioned positive observations, honestly I

think that Hyatt Group staff does need frequent common group
activity/activities that would bring them together once in a
while. This will eventually result in a stronger bond amongst
them. I did observe that the lack of these activities affects
stronger teamwork play.

-33-
4 Conclusion

In conclusion, I have to attest both of my supervisors (Mr. Umesh

Samudralkar who was my supervisor) at ANDAZ for the good
job. I really appreciate the way I have been guided through this
internship programme with ANDAZ, beginning from the opportunity
to take the time I needed to refresh and expand my knowledge in
several issues concerning finance & monthly reports, over a
somehow protected period where I could discover and learn to
value my new working environment, and finally earned the
confidence to deal with assignments myself. It is through them
that I did enjoy my work every day.

5 Recommendations

I recommend that ANDAZ should once in a while organize a team

building exercises to its staff in order to bring them closer.
This would give staff time to re-examine what they have achieved
so far, share personal experiences and ideas, learn to be
together and appreciate the importance of team work at work.

-34-
 APPENDIX

TERMS OF REFERENCE FOR INTERNSHIP

Shalini Mishra

Organisation Andaz Hotels

Division Finance

Proposed beginning 01 December 2021

And end 15 February, 2022

Name of Supervisor Mr.Umesh Samudralkar

Title Assistant Managetr-Finance

Address Office No.1, Hospitality District Delhi,

Aerocity, New Delhi, Delhi 110037

Tel: +91 11 4903 1234.

Background: Andaz hotels draw upon surrounding

neighborhoods to craft distinctively local
experiences, fully immersing guests in each
inspiring destination through unique
expressions of local culture. Every Andaz
hotel is one of a kind in every sense - an
elevated reflection of the destination's
culture. From locally inspired architecture
in the lobby and facades, to the music
heard in our signature Andaz Lounges, to
the flavors in market-to-table restaurants,
distinctive textures in guestrooms, and
soothing aromas at Andaz hotel spas, Andaz
hotels are designed to reflect their
surroundings and feature a unique and
innovative service model that creates a
barrier-free and non-traditional
environment.

-35-
Terms of Reference

Under the supervision of the Finance Manager the intern will carry out
the following tasks as part of the learning process: -

1.
Vendor Payments;

2.
Invoicing and Receipts;

3.
Assisting in generation of Daily/ Weekly reports.

4.
Record Keeping

5.
Monthly Information Status/Statement.

Duration: 75 Days

Name of Supervisor: Mr.Umesh Samudralkar

Name of Intern: Shalini Mishra

Signature....................................

Date................................

-36-
 DECLARATION

I , student of Banasthali Vidyapith, hereby declared that I

have completed the project on Study of Finance Department
Functions at ANDAZ Delhi as a trainee.

The information submitted by me is true and original and to

the best of my knowledge.

PLACE:

DATED:

Signature of student

(Shalini Mishra)

-37-
 ACKNOWLEDGEMENT

I got the opportunity to do a challenging training in

Finance Department with Andaz, Delhi during 1st December,
2022 to 15th February, 2022 and I would like to thank
Mr.Mr.Umesh Samudralkar (Assistant Finance Manager -Finance)

At the outset I would like to thank Mr.Umesh Samudralkar

(Assistant Finance Manager-Finance) at Andaz, Delhi. It was
my proud privilege to be trained by them, as I have gained
valuable guidance & cooperation from them, throughout the
Internship.

In the end I would like to thank all the employees of Andaz,

Delhi in cooperating and guiding me throughout my training
period.

Shalini Mishra

-38-