Working Capital Management of Tosrifa Industries Limited
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Tosrifa Industries limited is one of the renowned organizations in Bangladesh. They have different sector through their product and service. I am got opportunity to work at Tosrifa industries limited in their Finance department for three months. Here I have learned verify of invoice and check request after review, code and match invoice from SPA, bill payment procedure, bounce cheque, set invoice from SPA for payment, Upload invoice into SPA, monitoring different account for ensuring payment are up to date in SPA. Maintain Vendors Files. Prepare payment for employees and vendors. process the invoice to sap software and also tax and vat deduction. As an intern in finance department, I got opportunities to learn and realization about working capital management of Tosrifa Industries limited. I get some finding of Tosrifa industries limited the condition of their financial position in 2017 and 2018 the quick ration of Tosrifa limited was less than one its indicate that it’s difficult for Tosrifa Limited for pay of its liabilities. It is not good for Tosrifa limited. Now Tosrifa group is in bad position. The relationship between receivable and payable of Tosrifa Industries limited is negative in balance in 2018 which indicate bad performance of Tosrifa industries limited. Current ration of Tosrifa Limited is also less than one in 2018 which means they are not good. The Receivable period of Tosrifa limited is too much high is it not good for an organization and account payable period is increase day by day it which is good for Tosrifa industries Limited. As a big organization Tosrifa Industries limited they should concern about their current ration account Receivable period account payable period. I tried to give All information as much as possible. I enjoyed making my report based on my experience. Not just I could meet new individuals, this was an incredible ordeal of working in an office situation and I appreciated all of it. It gave me the basic idea on how it actually works in the corporate world and changed my entire perspective of how employments.
- Finance