Internship ReportSubmitted by: Babar AhmadProgram: MBA-FinanceReg. # : FA04-MBA-017 COMSATS Institute of Information Technology
Executive Summary:I have done six weeks internship in Marriott hotel andresorts Islamabad from April20, 2006 to June02, 2006. It ismy formal internship for my MBA program. The purpose ofinternship is to learn the practices of any organization andthe implementation of theories we study during our MBA.I have done internship in this organization due to myinterest in finance. So I got a lot from this internshipabout finance as a whole and audit specifically.Marriott is working in two major cities (Islamabad, Karachi)of Pakistan. As it is a well established organization butsome business process and things are still need to developand in developing process. I also participated to developsome procedures and planning things for this organization.These things give one more direction of learning, which wasrelated to auditing and cost control.During my stay I have not only learned about the financialcycle or procedure but also got the overall knowledge offinance sector including budgeting, auditing and costcontrol.In Finance Department (Income Audit and Cost ControlSection) I learned discipline and corporate culture.In Income Audit section, I learned how to checking andcontrolling of checks of outlets and Banquets, Verificationand auditing of coupons of Room Service. Know how aboutposting of Early Bird. Know how about Oracle based IncomeAudit System.
While in Cost Control section, I learned how to verifyIssuance Summary of Food with Store Room Requisition. Toverify RR (Receiving Repot) and IR (Issuance Report)Know how about Inventory Control System.
Introduction:The Marriott Islamabad is located at the foot steps ofMargalla hills, and is close to Rawal Lake & the towncentre, President & Prime Ministers House, ForeignMissions, World Bank, and Government Offices. Choice ofsmoking and non-smoking rooms, suites and executive levelrooms equipped with modem ports. The Health Club offersseparate gyms for ladies and gents , sauna and steam bath,all-weather swimming pool. There is a round-the-clockBusiness Centre, as well as 32000 square feet of banquetfacilities that can cater to the needs of 15 to 1500 people.Marriott® Hotels & Resorts is the most trusted name inhotels; renowned for its “spirit to serve,” its consistentquality and its genuine care. For business, leisure, orgroup events, Marriott Hotels & Resorts is at your serviceto ensure your success by providing business centers,concierge, room service, and more. Whether you are goingacross the state or across the globe - make the most of yourtravel with Marriott Hotels & Resorts. Outlets: • Nadia coffee shop • Sakura (for Japanese)
• Dynasty (for Chinese) • Royal Elephant (for Thi food) • Jason’s Steak House (for english) • Patisserie (tuck shop) • Saki Bar (for drink)Banquets and Conference Halls: • Margalla Hall • Conference Room • Crystal Ball Room Brands:When you are traveling - no matter what your travel purpose- Marriott offers a complete family of hotels, one of whichis sure to meet your individual needs. From luxurious full -service hotels and resorts to all - suites hotels toaffordable lodging along the way, there is a Marriott foreveryone. Please take some time to explore all the ways thatMarriott can serve you.JW Marriott Hotels & ResortsAt JW Marriott® Hotels & Resorts experience a new dimensionof luxury in a hotel with exquisite architectural detail,the finest dining, and gracious sophistication. Oursincerest desire is to make your stay as comfortable andproductive as it is luxurious. 24 hours per day - every day- our business center, concierge, valet, and room serviceassociates are ready to serve your every whim - however andwhenever you wish.Renaissance Hotels & Resorts:
Renaissance® Hotels & Resorts provide distinctive decors,imaginative dining, and attentive service in fantasticdestinations around the world. We will delight your sensesand inspire your imagination. Renaissance Hotels & Resorts -the stylish way to stay.Courtyard:As the hotel designed by business travelers for businesstravelers, Courtyard® provides all the essential servicesand amenities for you to stay productive while on the road.Helpful staff, high-speed Internet access, ergonomic workspaces, business libraries, 24-hour access to food, and hotbreakfast buffets; Courtyard has it all.Residence Inn:For extended stays away from home, Residence Inn® helpsguests maintain a balance between work and life. Spacioussuites with full kitchens combine home like comforts withfunctionality. Features like a complimentary hot breakfast
and evening social hours make Residence Inn more home thanhotel.Fairfield Inn:At Fairfield® Inn and Fairfield Inn & SuitesSM you get a roomthat is bright, fresh, and clean, plus all the award -winning hospitality of Marriott - at a price that will makeyou smile. Its our most affordable welcome on the road.Marriott Conference Centers:Marriott Conference Centers focuses on meetings. We deliverthe ultimate experience with superior services and expertiseto help you host creative and productive events. Ourlocations are easy to reach, our services and amenities aregeared toward the exacting demands of business people, andour facilities are designed with today’s highly technicalrequirements in mind.TownPlace Suites by Marriott:
More residential community than hotel, TownePlace Suites® isdesigned for those travelers on the road for weeks at atime. A friendly spirit, helpful services, and thoughtfulamenities make TownePlace Suites the right choice for yourlengthy stays. Go ahead, rearrange the furniture, bring yourfavorite recliner, or your beloved dog. Make TownePlaceSuites your home.SpringHill Suites by Marriott:When you need extra space to spread out, SpringHill Suites®is the perfect choice. Each of our studio suites has up to25% more space than a comparably priced hotel room. Separateareas for sleeping, relaxing, and working help you do allthe things you need to do when youre on the road.Marriott Vacation Club International:Marriott Vacation Club® International offers resortownership in premier destinations worldwide with the optionto exchange vacations at other great Marriott locations. Youget a lifetime of memorable Marriott vacations featuringone- , two-, and three-bedroom villas with spacious living
and dining areas, master bedroom and bath, private balcony,full kitchen, and washer/dryer.The Ritz-Carlton:The Ritz-Carlton® provides the finest personal service andfacilities throughout the world. The atmosphere is warm andrelaxed and the ambience embraces the uniqueness of thelocal culture. The variety of services available will enableyou to create your own experience.Marriott ExecuStay:Marriott ExecuStay® is a one-stop solution for temporaryhousing needs. With just one phone call, a customized andfully furnished apartment can be set up and ready-to-move-inanywhere in the U.S. We manage thousands of apartmentsacross the USA, all with flexible lease terms and options,consistently high level of service, and competitive pricing.Marriott Executive Apartments:
Marriott Executive Apartments® offers residentialaccommodations with hotel-like amenities to businessexecutives on overseas assignments of 30 days or more. Departments: • Human Resource Management • Finance • Sales and Marketing • Information technology • Engineering • Food & Beverages Hierarchal Chart (Organization): Hierarchal Chart (Finance Department):
Director Finance Assistant Director FinancePurchase Accounts Credit Manager Cost Controller Income AuditorManager Manager