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Improvement of Working Capital Management by Bringing Efficiency in Billing Process

Improvement of Working Capital Management by Bringing Efficiency in Billing Process

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Published by: s2410 on Jan 20, 2010
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05/16/2011

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Improvement of WorkingCapital Management bybringing efficiency in billing
 
process
Submitted By:Nagendra Singh (4108079079)MBF (2008-10)
INDIAN INSTITUTE OF FINANCE
Delhi/Greater Noida
 
Improvement of Working Capital Management bybringing efficiency in billing process
CANDIDATE’S DECLRATION
I hereby declare that this project Report entitled “Improvement of Working Capital Management by bringing efficiency in billing process“is a bonafide record of work done by me during the course of summer project work and that it has not previously formed the basisfor the award to me for any degree/diploma, associate ship,fellowship, or other similar title of any other institute/society.
Date: __________________________ ____________________________ Nagendra Singh 
KEC INTERNATIONAL LTD.
Page 111
 
Improvement of Working Capital Management bybringing efficiency in billing process
PREFACE
Finance is the lifeblood of an industry. The subject matter of FinancialManagement has been changing at rapid pace. About a decade ago, thescope of Financial Management was circumscribed to the raising of funds,whenever needed, the financial decision making, and problem solving. Butnow it has become an integral part of any business enterprise and growth of any business enterprise depends largely on their financial strategy and howfinance is being managed. The summer training program is designed to give the future managers thefeel of the corporate happenings and work culture. Theses real life situationare entirely different from the stimulated exercise enacted in an artificialenvironment inside the classroom and it is precisely because of this reasonthat this summer training has been designed, so that managers of tomorrowdoes not fill ill in the case when the times comes to shoulder responsibilities. The summer training is a bridge between the institution and organization tomake us understand how theoretical knowledge will be applied in thepractical field.It was exactly in this context that I was privileged to join KEC InternationalLtd. (Finance and Accounts Division) as a summer trainee. Established in1945 as Kamani Engineering Corporation, it was taken over by RPG Groupsin 1982 and renamed to KEC International Ltd. in 1984. It is one of thelargest EPC Company in
transmission and distribution sector.
 Theexperience that I have gathered over the past 45 days has certainlyprovided me with an orientation, which I believe, will help me shoulder anyassignment successfully in future.
KEC INTERNATIONAL LTD.
Page 111

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