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1. INTRODUCTION OF THE STUDY
1.1 GENERAL INTRODUCTION
"FINANCE" is the lifeblood and nerve system of any business organization. Just as circulation of blood is necessary in the human body to maintain life finance is very essential to the business organization for smooth running of the business.
Financial management involves managerial activities concerned with the acquisition of fund and the business purpose. The finance function does with procurement of money taking into consideration of today as well as future need and finance is required to purchase a machinery and raw materials, to pay salaries and wages and also for day-to-day expenses.
This study is carried out at Karnataka Soaps and Detergents Limited Bangalore. The company is owned by Government of Karnataka. It is well established company, which is in the business of manufacturing Sandal Soaps and detergents. It has got ISO 9002 certificate. In this company Senior Manager is the Head of the finance department. Under him there are five Deputy Managers and also there is an Account Officer, who is not under the direct control of Senior Manager.
1.2 SCOPE OF STUDY
The field of working capital comprising of capital management, Inventory management, Receivable, Cash and Work in progress system. The study was confined to KS&DL only.
Analysis of financial performance with reference to working capital with the help of tables, ratios and graphs and suggestions for improving working capital procedures and capacity utilization system of the firm.
1.3 CONCEPT OF STUDY
Introduction :
Working capital is concerned with the problems that arise in attempting to manage the current assets, the current liabilities and the interrelationship that exists between them.
Every firm tries to achieve financial stability. It can be repay its current outstanding debts from the income currently collected from its customer and meet future debts from future income. In addition, it must
1.1 GENERAL INTRODUCTION
"FINANCE" is the lifeblood and nerve system of any business organization. Just as circulation of blood is necessary in the human body to maintain life finance is very essential to the business organization for smooth running of the business.
Financial management involves managerial activities concerned with the acquisition of fund and the business purpose. The finance function does with procurement of money taking into consideration of today as well as future need and finance is required to purchase a machinery and raw materials, to pay salaries and wages and also for day-to-day expenses.
This study is carried out at Karnataka Soaps and Detergents Limited Bangalore. The company is owned by Government of Karnataka. It is well established company, which is in the business of manufacturing Sandal Soaps and detergents. It has got ISO 9002 certificate. In this company Senior Manager is the Head of the finance department. Under him there are five Deputy Managers and also there is an Account Officer, who is not under the direct control of Senior Manager.
1.2 SCOPE OF STUDY
The field of working capital comprising of capital management, Inventory management, Receivable, Cash and Work in progress system. The study was confined to KS&DL only.
Analysis of financial performance with reference to working capital with the help of tables, ratios and graphs and suggestions for improving working capital procedures and capacity utilization system of the firm.
1.3 CONCEPT OF STUDY
Introduction :
Working capital is concerned with the problems that arise in attempting to manage the current assets, the current liabilities and the interrelationship that exists between them.
Every firm tries to achieve financial stability. It can be repay its current outstanding debts from the income currently collected from its customer and meet future debts from future income. In addition, it must
Bibliography: 4. Annual Reports of KS&DL. (1999 to 2005) 5