In Conclusion

As my final week draws to a close, I am wrapping up my research with one final post to summarize what I have learned.

I came in thinking that there was a quantifiable percentage of time dedicated to both serving the government and serving the client. I thought that around 75% of the time would go to filing government forms and making sure plans are in compliance, and the other time would be spent talking to clients and administrating each plan.

However, my research has showed me that there actually is not a quantifiable amount of time being spent on each thing; in fact, much of the government-related and the client-related work overlaps. Filling out Account Reconcile and Balance and Income sheets helps the client know what is going on in their plan and the financial state of their plan as a whole, but it is also important to helping us with compliance testing for the government.

Also, not everybody does the same thing; some don't ever talk to clients, and some don't fill out Account Reconcile and Balance and Income sheets. As a result, you can't quantify allocation of time, because everybody's allocation is different.

I really enjoyed my time as an intern for MGKS. All of my co-workers were very nice, and I got a lot of experience in the workplace. I am happy that I enjoy accounting, and am very excited to study it in college. I hope you liked reading my blog, and I hope you learned a lot too!

-Alexandra Cvancara