STUDY OF ACCOUNTING PROCESS OF AMUL
ANALYSIS OF BALANCE SHEET/PROFIT & LOSS
IN PARTIAL FULFILLMENT OF MBA (MASTER OF BUSINESS ADMINISTRATION)
SUBMITTED TO : SUBMITTED BY:
MBA (2009-2011) PREFACE
The MBA program is well structured and integrated course of business studies. The main objective of practical training at MBA level is to develop skill in student by supplement to the theoretical study of business management in general. Industrial training helps to gain real life knowledge about the industrial environment and business practices. The MBA programme provides student with a fundamental knowledge of business and organizational functions and activities, as well as an exposure to strategic thinking of management. In every professional course, training is an important factor. Professors give us theoretical knowledge of various subjects in the college but we are practically exposed of such subjects when we get the training in the organization. It is only the training through which I come to know that what an industry is and how it works. I can learn about various departmental operations being performed in the industry, which would, in return, help me in the future when I will enter the practical field. Training is an integral part of MBA and each and every student has to undergo the training for 2 months in a company and then prepare a project report on the same after the completion of training.
During this whole training I got a lot of experience and came to know about the management practices in real that how it differs from those of theoretical knowledge and the practically in the real life. In today’s globalize world, where cutthroat competition is prevailing in the market, theoretical knowledge is not sufficient. Beside this one need to have practical knowledge, which would help an individual in his/her carrier activities and it is true that “Experience is best teacher”.
I hereby declare that the report titled “A STUDY OF ACCOUNTING PROCESS OF AMUL (DELHI MMO) & ANALYSIS OF BALANCE SHEET & PROFIT AND LOSS ACCOUNT ” is a bonafide record of the summer project done by me, during the period Aug-sep 2010 as part of my MBA program at Cosmic Business School, New Delhi.
I also declare that this report has not been submitted in full or part thereof, to any university or institutions for the award of any degree or diploma.
Place: New Delhi
With immense pleasure, I would like to present this project report for Gujrat Co-operative Milk Marketing federation Ltd. It has been an enriching experience for me to undergo my summer training at AMUL, which would not have possible without the goodwill and support of the people around. As a student of COSMIC BISINESS SCHOOL. I would like to express my sincere thanks to all those who helped me during my practical training programme. I would like to give my heartily thanks to all the employees working at GCMMF DELHI MMO who provide me the knowledge of accounting process by spending their precious time with me. However, I accept the sole responsibility for any possible error of omission and would be extremely grateful to the readers of this project report if...