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    Sru Ifico: Steel Authority of India Limited Sail Refactory Unit-Ifico Marar, Ramgarh, Jharkhand PIN-829117

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    This document is a summer internship report submitted by Rohan Rathore, a student studying MBA in Information Technology. The report discusses the benefits of accounting and finance for business management, including helping with planning, decision making, controlling costs, providing systematic records of transactions, and reporting profit and loss information. The student thanks various managers and staff at the Steel Authority of India plant for their guidance and assistance during the internship.

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    Sru Ifico: Steel Authority of India Limited Sail Refactory Unit-Ifico Marar, Ramgarh, Jharkhand PIN-829117

    Uploaded by

    rohan
    90 views4 pages
    This document is a summer internship report submitted by Rohan Rathore, a student studying MBA in Information Technology. The report discusses the benefits of accounting and finance for business management, including helping with planning, decision making, controlling costs, providing systematic records of transactions, and reporting profit and loss information. The student thanks various managers and staff at the Steel Authority of India plant for their guidance and assistance during the internship.

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    This document is a summer internship report submitted by Rohan Rathore, a student studying MBA in Information Technology. The report discusses the benefits of accounting and finance for business management, including helping with planning, decision making, controlling costs, providing systematic records of transactions, and reporting profit and loss information. The student thanks various managers and staff at the Steel Authority of India plant for their guidance and assistance during the internship.

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    90 views4 pages

    Sru Ifico: Steel Authority of India Limited Sail Refactory Unit-Ifico Marar, Ramgarh, Jharkhand PIN-829117

    Uploaded by

    rohan
    This document is a summer internship report submitted by Rohan Rathore, a student studying MBA in Information Technology. The report discusses the benefits of accounting and finance for business management, including helping with planning, decision making, controlling costs, providing systematic records of transactions, and reporting profit and loss information. The student thanks various managers and staff at the Steel Authority of India plant for their guidance and assistance during the internship.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    SRU IFICO

    STEEL
    AUTHORITY
    OF INDIA
    LIMITED SAIL
    REFACTORY
    UNIT-IFICO

    MARAR,
    RAMGARH,
    JHARKHAND
    PIN-829117

    SUM
    MER
    INTE
    RNSH
    IP
    REPO
    RT
    SRU IFICO

    I am sincerely grateful to Shri A.K Sinha (DGM (P&A) (SRU-IFICO & RR)
    for allowing me to conduct such training in his plant.

    I would also like to thank all those who helped me to gain knowledge in
    industrial training/internship specially. Shri B.K Toppo (DGM MM) (SRU-
    IFICO & RR) & Mr. Yash Srivastava (M,P&A,Civil&Maint.) to name a few
    without their valuable advice and untiring efforts, it would have been an
    uphill task and I thank them for their assistance.

    I wish to express heartful thanks to Shri B.S. Prasad (AGM - MM) &
    Mr. Ritu Raj sir (Manager - MM) without whose guidance I could not have
    completed my project.

    As great soul needs no help, same way great work needs no regards or
    appreciation. Thank all the officers to help me during my training.
    • Thank You

    Name – Rohan Rathore


    Branch - Master of Business Administration IN INFORMATION
    TECHNOLOGY (IT)
    Semester – 3rd
    Year-2nd (2023)
    SRU IFICO

    SR NO. CONTENT PAGE NO.


    1

    TITLE
    INDEX
    SRU IFICO

    EXECUTIVE
    SUMMARY
    Helpful in Management of Business: - Management needs a lot of
    information for the
    efficient running of the business. All such information is provided by the
    finance & accounting which helps the management.
    Helpful in Planning: -Management would like to know whether the sales are
    increasing or decreasing and also the speed of increase in the cost of
    production. All such information is provided by the finance & accounting,
    which helps the management in estimating the future sales and expenses.
    It also helps them to estimate the cash receipts and cash disbursements
    during the next accounting period. Helpful in Decision Making: -At times,
    the Management has to take number of
    decisions.
    Helpful in Controlling: -Management would like to see that the cost incurred
    is reasonable and that no department is overspending. Accounting provides
    information to the management in the regard.
    Provides Complete and Systematic Record: -Business transactions have
    grown in size and complexity and it is not possible to remember each and
    every transaction Accounting keeps a prompt and systematic record of all
    the transactions and summarizes them in order to provide a true picture of
    the activities of the business entity.
    Information Regarding Profit & Loss: -Accounting reports the net result of
    business activities of an accounting period. The Profit and Loss Account
    prepared at the end of each accounting period discloses the net profit
    earned or loss suffered during the period. The information regarding profit
    is of great use to the owners and various other interested parties

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