FINA 4393.001: Finance Internship (20705)
REAE 4393.001: Real Estate Internship (25364)
FINA 5399.001: Graduate Finance Internship (20630)

Weekly Activity Log

Name: Jacob Critelli

Week Covered: July 21st – 25th

Activity, hours worked, description:

Project Setup, Practice Presentation, & Community Day. I worked 40 hours this week. The focus of this week was I took on a new challenge in Project Setup by setting up six projects this week. I put the accounting and financial information into the Company software. Also, I had the opportunity to sit in a General Ledger Review and Guaranteed Margin Review meeting, which I’ll go into depth later. On Friday, our Intern Community Day ended with a very happy and appreciative elder woman where we improved her life substantial. Lastly, I get the pleasure to talk about my Presentation that I will be presenting to the Board of Directors of VHA on August 8th as my internship ends. I can’t believe how fast this internship has gone, but I assume this is how it feels when I’m learning and progressing. It has been an honor to be a part of a magnificent Operations Accounting Team, who has been patient with me. They’ve guided me to learn about this complicated and unique health care organization. I always talk with my coworkers about how VHA is a different company to work for considering the operations in Accounting and Finance Department are ran a bit differently. This week I was provided with a visual flow chart off the application Visio. It really put a perspective on how the operations in Accounting are performed and executed. Also, this flow chart will give me confidence in my learning objectives so I can further understand the processes of each department and how they connect to the Operation Accounting.
This past week I sat in on General Ledger Review where our team lead emphasized an area of primary focus and secondary focus. The primary focus that our Operations team wants to focuses on Revenue & Expenses. Secondary focus is Salary, Travel Expenses, Office Expenses, etc. The expectations for these type of meetings is to explain to the accounting team by recording these revenue & expenses on the general ledger we want to keep variances as low as possible. My second meeting of the week was with a VP of Performance Services, which is a Business Unit of VHA. I listened on the Guaranteed Savings Executive Summary. The objective of the meeting is to establish a consensus of what percent of the Guaranteed Revenue will be paid to VHA determining the term of the contract.
Lastly, our intern group just finished our Community Day project and changed an elderly woman life. She was very appreciative with the new improvements inside and outside of her home. We also provided her with new furniture, new electronics, home decorations, etc. We felt as a group that this was a successful project by supporting the community around us. It honestly felt good to give back and change a family’s life such as this one. We have about $2,000 dollars left of donation funds and we will determine this upcoming week where we want to donate the money. I will suggest donating the remaining funds to St. Jude Children Research Hospital. Not only is it a charitable cause by attempting to help children with cancer, but it will show a reflection on a not-for-profit health care organization such as VHA. To close out my week I have been working diligently on my PowerPoint Presentation as it continues to grow in size. I’ve sat done with coworkers to put together the PowerPoint so it presents itself with consistency and creates infrastructure. I will present the Presentation on August 8th to the Board of Directors at VHA and I am excited to explain my experience with them.