A study on financial management of Proxy Infotech Solutions PVT. LTD

Citation

Bagale, Sameer Prasad. (2017). A study on financial management of Proxy Infotech Solutions PVT. LTD. (Cooperative Education). Bangkok: Siam University.

Abstract

            The internship was done on proxy InfoTech Solutions Pvt. Ltd which is a startup IT Company. The company focuses on digital marketingAdvertisement, Information Technology and Event management. Report was focused on the working capital management of the company. The objective of the internship was tolearn the work culture and environment, to understand the financial management system of the company, to understand the budgeting process, to know the basis of making budget and learn the process of collecting monetary funds and making payments of the bill. I had to do Day to day activities like receiving of documents, photocopy, scanning, mailing and filing. I also communicated with the customers about the due payment. One of the major responsibility for me was given in Ford Corporate Futsal where I did record keeping budgeting and maintained the petty cash account throughout the tournament. Through the internship I found out that current assets of the company generally consists of cash and accounts receivable and current liabilities consists of accounts payable. It is one of the most important job of finance department to keep adequate working capital in the company for the smooth running of the organization. I also found some difference between theoretical knowledge and its practical application.

Keywords:  Working capital management, Budgeting, Petty cash fund, Work environment, Work Culture.

A Study on Financial Management of Proxy Infotech Solutions PVT. LTD.

Faculty of Business Administration, Siam University, Bangkok, Thailand

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