SCHOOL OF BUSINESS

BACHELOR OF COMMERCE
INDUSTRIAL ATTACHMENT REPORT

Your Name
Admin Number

An Industrial Attachment Report Submitted to the School of Business

for the Award Degree of Bachelor of Science in commerce at KCA University

JULY 2023
 DECLARATION

Declaration by the Student

I hereby declare that apart from references in this report, this report on industrial
attachment at MM limited and presented to KCA University, school of Business as a
partial fulfillment of the requirement for the award of a bachelor’s degree in commerce
(finance option) is the outcome of my investigation. This report is my original work and
has not been submitted to any other institution of learning.

SIGNATURE: ………………………………… DATE…………………………….

Your Name Admin

Declaration by the Supervisor

The attachment report has been submitted with my approval as the University supervisor.

Signature: Date…………………………….

Dr. KCA University

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 DEDICATION
This attachment report is dedicated to the Management of MM limited and my family as
a result of the support they gave me during the training period.

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 ACKNOWLEDGEMENT
First, I would like to thank God almighty for His care and provision before and during
the period of attachment. Secondly, MM limited for giving me this opportunity to do this
attachment. It’s because of them that I gained valuable experience from being involved in
the Telecommunication sector, specifically tower leasing. Thirdly, I would also like to
acknowledge the management of KCA University who gave me valuable theoretical,
analytical and development skills core to my work, hence I would like to thank the
academic supervisors and all the lecturers for their valuable courses. Lastly, I should
thank my assessor/attachment supervisor, for his guidance during my attachment period.
I also thank my wife, and my children for their support. May God bless them abundantly.
I wish everyone the best and bright future ahead.

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 EXECUTIVE SUMMARY
This report gives the overview of attachment I did from 1 st April to 30th June 2023 (12
weeks) at MM limited. The purpose of industrial attachment is to create a clear picture of
what the student has done in the form of a report. Field attachment entails practical
training experience that prepares a trainee for the tasks they are expected to perform on
completion of their training. This report contains information which I gathered during
my industrial training at MM limited for a period of three months. As a student, my
involvement in this attachment was to make sure that I acquire new knowledge and
practical skills, improving my confidence in problem solving and to utilize the
opportunity to relate with different category of people likely to be meet in the corporate
world of work. This report gives all the activities I undertook at MM limited, the
experience I gained, the practical skills acquired and the personal inputs to the
organization. My report gives a brief introduction about MM limited and the duties
undertaken in the organization. The report also gives details of the duties/functions of the
finance department. The information am giving in this report reflects all the
achievements I achieved according to my objectives set herein. This report shows the
benefits, success, challenges encountered and how I was able to overcome the
challenges. It also shows my recommendations and the conclusion of my training.

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 TABLE OF CONTENTS
DECLARATION................................................................................................................ii
DEDICATION...................................................................................................................iii
ACKNOWLEDGEMENT.................................................................................................iv
EXECUTIVE SUMMARY................................................................................................v
CHAPTER ONE...............................................................................................................1
INTRODUCTION.............................................................................................................1
1.1 Company Attached To..................................................................................................2
1.1.1 About MM limited.....................................................................................................2
1.2.1. Vision Statement.......................................................................................................3
1.3.3. Core Values of MM limited......................................................................................3
CHAPTER TWO: THE FINANCE DEPATRMENT...................................................4
2.1. Key Functions/Activities of the Department...............................................................4
2.2. Main Objectives of the Industrial attachment..............................................................4
2.3. Assigned routine duties at the Finance department.....................................................5
CHAPTER THREE..........................................................................................................6
EVALUATION OF THE ATTACHMENT REPORT PERIOD.................................6
3.1 Benefits of the Attachment Exercise.............................................................................6
3.1.1 Achievements during the Attachment Exercise.........................................................6
3.1.2 Theoretical Achievements Acquired..........................................................................7
3.2 Knowledge and Skills/Learning Experience Acquired.................................................7
3.3 Discussion on Gained Experience and Skills................................................................8
3.4. Challenges Encountered During the Training Period..................................................8
3.5. How I Overcame/Solved the Challenges.....................................................................8
CHAPTER FOUR...........................................................................................................10
CONCLUSION AND RECOMMENDATIONS..........................................................10
4.1. Conclusion.................................................................................................................10
4.2. Recommendations......................................................................................................11
REFERENCES.................................................................................................................12

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 CHAPTER ONE
INTRODUCTION

An attachment provides students with a professional learning opportunity that involves

useful, hands-on work linked to their area of study or career interest. Through
attachment, students can get a sense of what it's like to work in their field of study or at
least relate to it, as well as get a taste of what it's like to work in a real workplace before
they actually start working in it. The chance to learn and experiment with various talents
in a field of concentration and other ones is provided by an attachment. In addition to
developing talent and possibly creating future full-time employees, it enables the
business to infuse the workplace with fresh perspectives and vigor. the supervision of
attachment. It is an organized learning environment that enables the student to acquire
relevant job experience in his or her area of study.

The purpose of an industrial attachment is to teach students the proper work ethic and
professionalism through interaction with employees of the organization and observation
of their potential career paths. Additionally, attachment minimizes the need for on-the-
job training, allowing workers to contribute to their individual businesses much more
quickly than is typical for recent graduates. Attachment is a way to get real-world
experience in a number of vocational disciplines and to choose or reject a particular
place. It provides students with a wonderful opportunity to communicate with and pick
the brains of highly skilled professionals. Additionally, it broadens students' knowledge
of their field and aids in their decision-making regarding their areas of specialization. I
had the opportunity to put my academic knowledge and talents to use in a practical
setting while working at MM limited.
Industrial attachment is important in several ways among them are:

 Industrial attachment introduces students to appropriate work-ethics before

entering the labor market.
 Industrial attachment links industry and training institutions so as to enable
students to marry theory to practice in real world business situations.
 Industrial attachment gives students in-service orientation to a career area they
may wish to pursue.

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  Industrial attachment affords the student the opportunity to develop hands-on
experience in the world of work and its intricacies, hence making the student
employable and become fully productive immediately they are employed.
 Industrial attachment affords students to test the theoretical tools learned with the
realities of the operations of organizational systems.
 To make students develop realistic expectations in respect to the real world of
work, playing the role of being an employee and experience what it takes to work
within a generally structured environment in authority and being held responsible
for duties performed.
 Industrial attachment exposes the student to organizational behavior both in the
internal and external environments and encourage them to be productive whilst
developing future managers.
 Industrial attachment exposes the students to the structures, operations, and
integration of different functional areas and allow students the opportunity to
work in their area of intended specialization.
 Industrial attachment enables learning institutions to seek industry evaluation of
their education programs in terms of relevance to industry.

Benefits to Students
By putting the theory they have learned into practice, the industrial attachment aims to
provide students practical skills. It increases the likelihood that students will find
employment by educating them about proper work ethics before to their entry into the
workforce. Through my interactions with my bosses and coworkers during this attachment, I
have developed positive interpersonal relationships. This has made it easier for me to
interact with individuals, regardless of their status.

1.1 Company Attached To.

I was attached to MM limited located in Westland’s, Kenya.

1.1.1 About MM limited

MM limited is one of the tower companies registered by Communication Authority of

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Kenya. It’s core business is to offer custom-designed tower space and power lease solutions
which not only meet and exceed the expectations of tenants, but also allow it to grow its
shareholders values. It conducts its business sustainably through governance, compliance
with legal and regulatory requirements as well as conserve and protect the environment.

Vision, Mission Statement, and Core Values of MM limited

1.2.1. Vision Statement
Confidently nest wireless connectivity across the region.
1.2.2. Mission Statement
Drive value through cost excellence and innovation

1.3.3. Core Values of MM limited

The following are the core values of MM limited:

I - Ingenuity of our people in crafting customer-oriented solutions

N - Nobleness in all our dealings
T - Trust and confidence is our way into our customers’ hearts.
A - Authentic customer experience
C - Character imprints in our delivery model
T - Truthfully deliver to all our stakeholders

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CHAPTER TWO: THE FINANCE DEPATRMENT

2.1. Key Functions/Activities of the Department

A strong finance department keeps the corporation in check, making it a crucial aspect of
any organization.
In addition to helping managers make and update their strategic decisions, the finance
department's main duty is bookkeeping.
The financial department performs the following duties, among others.

 Financial planning through budgets.

 Cash flow management.

 Day-to-day transactional accounting

 Ensuring all company assets are used for the benefit of the company.

 Risk management.

 Advising the management on financial position of the company offering

recommendation.

2.2. Main Objectives of the Industrial attachment

The main objectives for the attachment exercise were as follows.

1. To make transition from institution of learning to the world of work smooth and
to enhance students contacts for job placements.
2. To enable and strengthen linkages between KCA University and various
organizations all over the country.
3. To enable the student to apply the principles and techniques theoretically learned
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 into real-life problem-solving situations.
4. To be equipped with practical skills that may not be appreciated, visualized or
even taught in school like communication skills, dress code, teamwork, time
management skills, efficient on task and problem management.
5. To be acquainted with the expectations of working in a highly competitive
environment.

2.3. Assigned routine duties at the finance department.

The following were the duties I was assigned to at the finance department of MM limited.
1. Petty cash management.

2. Bank reconciliations.

3. Preparation of cash flow reports.

4. Budget reviews and forecasts.

5. Preparation of management accounts.

6. Data input into accounting software.

7. Accounts receivable and payables.

8. Processing departmental order forms and writing LPOs.

9. Payroll processing, payment and journal posting and reconciliation.

10. Assisting on debt finance sourcing.

11. Preparation of adhoc reports and presentation of the same.

12. Assisting on operational duties.

CHAPTER THREE
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EVALUATION OF THE ATTACHMENT REPORT PERIOD

3.1 Benefits of the Attachment Exercise

My attachment at MM limited was a success. I achieved the objectives of the training well.

I gained practical experience in the finance field that will be of great value in my career.
Apart from my practical skills acquired, I also was able to acquire new theoretical skills
about my field of study which are of high importance to my knowledge and understanding.

Achievements during the Attachment Exercise

From my assigned duties and responsibilities, I was able to achieve the following benefits.

 Learned successfully how to manage, reconcile, and reimburse petty cash.

 Learned how to record expenses, revenues and assets in quick books and subsequent
analysis of the same.
 Successfully learned how to prepare monthly cash flow reports, budgets, and
budgetary reviews.
 Learned how to make forecasts for purposes of planning and control.

 Learned how to evaluate and select of suppliers.

 Learned how to process invoices for online payments of the suppliers.

 Learned how to process payroll, make payment and posting of journals.

 Learned how to reconcile bank accounts, subledgers and ledgers.

 Learned how to prepare end month reports.

 Learned how to come up with standard operating procedures.

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3.1.1 Theoretical Achievements Acquired

Apart from gaining experience practically, I gained some experience from theory work.
The following were learned:
 Interpersonal skills.

 Communication skills

 Presentation skills.

 Negotiation skills (with suppliers & Financial Institutions)

 Time management skills.

3.2 Knowledge and Skills/Learning Experience Acquired

The accumulation of actual real-world experience is one of the attachment exercise's most
crucial and clear goals. The ability to get first-hand experience that cannot be taught in a
classroom is provided through attachment, which also enables us to apply the theory that has
been taught in practical ways. My training has helped me analyze my choices and my
circumstances.
The training provides personal advantages because it helps the university communicate with
different firms, improving the chances of employment for university students.
Through my contacts with my supervisor and the other staff members throughout my
attachment, I have improved my interpersonal skills. This has facilitated my interactions
with other individuals, regardless of their status.

During the industrial attachment training, I gained skills in ways including:

Business communication skills that include communicating effectively through emails, phone
calls, or face-to-face meetings.
 I also got to know the impact and effects of punctuality.

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  Multi-tasking and prioritizing to ease pressure and timely delivery.

 I also gained experience in problem solving skills.

3.3 Discussion on Gained Experience and Skills

I've been exposed to the demands and difficulties of the workplace thanks to this industrial
attachment. I now have first-hand practical experience that I couldn't have learned in a
classroom because to the attachment.

I've learned a lot about working ethics, too.

My training has helped me analyze my choices and my circumstances.

Through my contacts with my supervisor and the other staff members throughout my
attachment, I have improved my interpersonal skills. This has facilitated my interactions
with other individuals, regardless of their status.

3.4. Challenges Encountered During the Training Period

Except for the few challenges mentioned below, my training experience has been quite
good:
I. Limited time period of mastering what has been learnt. Time limitation in a
department may affect the student’s ability to stamp authority of executing a task.
One finance task e.g budget review can be done only once during the entire period
of attachment.
II. Fear of making errors especially where online payments were concerned.

III. Fear of asking questions.

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3.5. How I Overcame/Solved the Challenges

Despite facing challenges, they gave me an experience and taught me more. I acquired
skills in improving my confidence in solving problems and gain the confidence to
interact with different people at different levels. The following are some ways I used in
solving the challenges I faced.
 To master the tasks, I requested the supervisor to allow past related tasks as
executed. I was also able to cope with the limited time period I had and worked
tirelessly to see success in the training, I adopted time management skills which
enabled me catch up with any lost time.
 To build confidence on online payments accuracy, I rechecked every payment
before submitting for approval.
 I built a good working relationship with staff especially my industry-based
supervisor such that I would freely interact with them and ask questions where
there was doubt.

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 CHAPTER FOUR:

CONCLUSION AND
RECOMMENDATIONS
4.1. Conclusion

The university's supervised industrial attachment program offers students the chance to put
what they have learnt in class into reality. They are exposed to working techniques that are
not covered in class.

Additionally, it gives the students a chance to familiarize themselves with what is expected
of them in a setting that is quite competitive.

The university has stronger ties with various groups across the nation.

I was able to pick up useful abilities as a result of the training, which was successful. I have
gained a lot of practical knowledge and experience in my field of study—finance—through
this internship at MM limited. I have also been enriched by my interactions with the
business world.

The training has also given me the ability to respect honesty, dependability, submission to
authority figures, listening to their opinions, interpersonal and communication skills, as well
as efficiency in task and problem management. My goals were successfully met as a result.

As a result, this training program is crucial for students since it enables them to learn more
practically. This has been a great and enjoyable experience.

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4.2. Recommendations

Industrial attachment is very important to students and therefore cannot be overlooked.

This is because it assists them to blend academic work with that of the industry. Since
the experience for the 12 weeks was enormous, the following recommendations should
be highly considered by institutions of learning:
 The institution should allow enough time to the students for their preparation and
search of their attachment and their requirements as provided by the institution as
early as possible.
 Before releasing students to various organization of attachments, the University
should consider an orientation seminar in view of letting them know what is
expected of them during the industrial attachment and therefore should be able to
have the confidence for maximum tapping of practical knowledge.
 Where financing is a limitation, the University should encourage students to get
loans from HELB or guardians in advance to facilitate their upkeep during the
training period.

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REFERENCES

Logbook

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