A STUDY ON
“WORKING CAPITAL MANAGEMENT” OF ITI FINANCIAL LIMITED
Submitted in partial fulfillment of the requirement for the award of the degree “BACHELOR OF BUSINESS MANAGEMENT” BY
NMKRV COLLEGE FOR WOMEN (AUTONOMOUS)
JAYANAGAR III BLOCK
This project would not be possible, without the omnipresence support and help of many. I wish to profound my gratitude to a few. I extend my deepest of gratitude to, Mrs. SANGEETHA NIKKAM, my project guide, for the guidance and moral support, throughout the study. Her constant encouragement has made a great difference, for the project commencement. I am immensely grateful to Mr. N. NALLA MURUGAN, Relationship Manager of ITIFSL who provided me with the opportunity, to conduct this study and gain the practical experience, and also gave an insight into the aspect of my research. If not for his timely help and support, the project would have not been possible. I also thank our respected Principal and, the entire teaching faculties of the Management Department, N.M.K.R.V COLLEGE FOR WOMEN, for their kind help in enabling me to conduct this project. I also oblige to my FAMILY MEMBERS AND FRIENDS, who have been there when it mattered the most.
CHAPTER - 1
INTRODUCTION TO FINANCE:
Finance is one of the major elements, which activates the overall growth of the economy. Finance is the lifeblood of economic activity. The field of finance deals with the concepts of time, money and risk and shows how exactly they are inter connected. Finance is a subject which also depicts how funds are spent and budgeted. Finance is merely the practical application of economics. The financial system is the means by which an economy allocates money to its highest value use. In general terms this is how people, business and governments raise the cash needed to carry out business. The goal of any financial system is to make sure that those with good ideas get the money necessary to implement the ideas. How this is accomplished in a market-based based economy is through stocks and bond market. People do not give money without the expectation of getting something in return. If money is given then something is expected back in return usually i more number. The best way to get back money is to invest in firms that will put the money in appropriate use. Of course, others know this as well. As more invest in a particular organisation will ultimately increase the value of that particular firms stock
MEANING OF FINANCE:
Finance can be broadly referred as the activity concerned with planning, rising. Controlling and administrating of fund in a simple manner. Finance is a discipline concerned with determining value and making decisions. The finance function allocates resources, including the acquiring, investing and managing of resources. Finance is the study of money and its effective usage. Finance considers the relationships of money to time and risk. One of the main subset of finance is the study of credit and banking, as this involves money, time and risk all together. Finance may deal with personal or corporate. DEFINITION TO FINANCE:
A branch of economics concerned with resources allocation as well as resource management, acquisition and investment. Simply, finance deals with matters related to money and markets. FUNCTIONS OF FINANCE:
Finance function is the most important function of a business. Finance is closely connected with production, marketing and other various activities. In the absence of finance, all these activities come to a halt. In fact, only with finance a business activity can be commenced, continued and expanded. Finance exits everywhere, be it production, marketing, human resource development or undertaking research activity. Understanding the universality and importance of finance, and finance manager...
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