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FINANCE DEPARTMENT

Finance has been defined as the source of money. It studies the principle and raising, administering and controlling of funds in business.

Financial function are: > Investment or long term asset mix decision > Financial or capital mix decision > Dividend or profit allocation decision > Liquidity of short-term asset

üPlanning and implanting the growth strategy of the organization. modifying from time to time. üMaintenance of accounts. üMonitoring of key financial ratios. forwarded by HOD of each dept. üCost and output study. preparation of annual accounts.PROCEDURES: Setting various financial performance standards. • “dividend are being paid regularly” . WORKING CAPITAL: ü Own funds • Lending institutions • Agreement with bankers for non-fund assistance like letter or credit bank guarantee etc. üPreparation of master control budget based on departmentwise budget. annual reports etc.

Audited record is sent to the accountant and also to the shareholders with explanation. subsidiary registers Salary sheets : Concerned personnel Asset register : HOD Rank cash book. journal books. Current ledgers.AUDIT: The company has efficient external auditors. Salary records. sales day book and other subsidiary register of previous year : Record room Vouchers pertaining to 8 years name and year : Record room (in boxes with mentioned on it) . In addition ISO audit is also carried out. purchase journal. records of the company. ACCOUNTING RECORDS: Files of finance & accounts Dept: : Unlocked shelves. Besides this auditors are appointed by the company law board to audit the accounts.

ORGNISATION CHART – FINANCE DEPARTMENT FINANCE MANAGER PERSONAL SECRETARY GENERAL ACCOUNTANTS OFFICE IN CHARGE GENERAL ACCOUNTANTS OFFICE IN CHARGE GENERAL ACCOUNTANTS OFFICE IN CHARGE ACCOUNTANTS ASSISTANTS TYPIST WORKS ASSISTANTS ACCOUNTANTS ASSISTANTS ACCOUNTANT S ASSISTANTS CASHIER HELPER .

house research and development activities of the company. FUNCTIONS: The main functions of Research and Development are: Developing high.5% to 1% turnover for R&D of capacitors. purpose” v .RESEARCH & DEVELOPMENT The department of Science and Industrial Research. Ministry of Science and Technology. medium and low voltage forming v Developing technology for editing high voltage Aluminum foil v Updating the manufacturing technology of electrolytic capacitors v Developing electrolyte required for the manufacturing “KCCL allocates 0. Govt of India has approved the in.

R&D – ORGANISATIONAL CHART HEAD OF DEPARTMENT SECTION-INCHARGE PRODUCTION DEVELOPMENT SECTION-INCHARGE ELECTROLYTE DEVELOPMENT SENIOR TYPIST TECHNICAL APPRENTICE TECHNICAL APPRENTICE .

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