The activities of the various departments

In addition to their respective projects, the students are expected to utilize

the time spent at the organization they are working with. They need to
observe and understand the various activities and processes of the
organization. These activities have been classified in sections as given
below.

Accounts/ Finance Department

1. Whether the accounts are computerized or manual?

2. Format of the expenses and adjustment vouchers.

3. Banks transactions and bank reconciliations process.

4. Suppliers and Debtors control ledgers and process of maintaining the

records.

5. Process of issuing Debit and Credit note to the customers and

suppliers.

6. How many types of Daily Reports are being Generated and their flow?

7. How many types of costing books are being maintained?

8. The process of Approving of Suppliers Bills on the basis of P/Os.

9. Payment procedures to the suppliers.

10. Process of making Cash Flow and Fund Flow.

11. How do the recoveries maintain?

12. Method of making Budgeting.

13. Method of calculating the depreciation. (As per Income Tax Act
and as per Companies Act)

14. Method of doing the inventory valuation.

15. Method of stocks taking for bank purpose.

16. Method of keeping checks of consumables.

17. Process of sanctioning employees imprest and method of adjustments.

18. All details required for the finalization of accounts.

19. Important books and records of the company secretary

department.

20. Important returnsand process of filing the return for ROC.

21. L/C opening procedure and L/C

22. Processing of Export/ Import Documents and their formats.

23. B/L Forms and its procurement by the shipping companies etc.

24. CWC formalities and issuance of containers for the bonded

warehouses.

25. Identification of shipping companies and scheduling the loading

and unloading the consignments.

26. Placing the orders to the suppliers to import the goods and
formats of all related documents.

27. Execution of Export orders and the procedures.

28. ECGC formalities.

29. Transit Insurance Guarantees document.

30. L/C & Bill discounting procedures with the banks.

31. Copy of the Excise Gate Pass/ Invoice/ Challans/ Export Invoice.