CHAPTER-3

RESEARCH DESIGN
3.1 INRODUCTION TO RESEARCH DESIGN

Research is a careful inquiry or examination to discover new information or relationship and to

expand and to verify existing knowledge. Research is an organization enquiry designed and
carried out to provide information for solving a problem.
Research design refers to the overall strategy utilized to carry out research that defines a succinct
and logical plan to tackle established research question through the collection, interpretation,
analysis, and discussion of data.

Research is essentially an investing, a recording and analysis of evidence for the purpose of
gaining knowledge. The purpose of research in gaining knowledge, which will be used for
solving problems or for satisfying one’s thirst for knowledge.

Research design is a blueprint of the proposed study. A research design is a logical and
systematic planning and helps directing a piece of research. It represents the overall scheme of
the study the researcher has to plan how he should conduct his research in a most efficient and
successful manner. Good planning gives the researcher direction for the successful completion of
the project. The plan study is called research design.

3.2 MEANING OF RESEARCH DESIGN

Research design is the program that guides the investigator in the process of collecting.
Analyzing and interpreting observation. It provides a systematic plan of procedure for the
researcher.

According to Claire setting and others “a research design is the arrangement of conditions for
collection and analysis of data in a manual that aims to combine relevance to their search
purpose with economy in procedure”

3.3 TITLE OF THE STUDY

The project report is titled “cash management” special reference with “royal power system
pvt ltd.”
3.4 STATEMENT OF PROBLEM

In present day competitive market, it is important for an industry to meet the challenges of the
market. Every industry has to evaluate its own performance against other industries to know
where they stand. Hence this study is taken to bring out the competitive edge over other
industries.

3.5 PERIOD OF STUDY

The analysis has been done by considering the data of the year 2016 to 2021 financial
statements.

3.6 OBJECTIVES OF THE STUDY

 To understand the type of cash management system adopted by the company.

 To impact of cash management on profit and loss account.
 To suggest the best method of cash management system.

3.7 SCOPE OF THE STUDY

 To control cost of the company.

 To utilize the available resources in optimum level.
 Make observations on various procedures followed in the industry and to suggest the
effective control system.

3.8 METODOLOGY
Methodology means the scientific methods or the body of methods. It is necessary in all the
fields of social research for its scientific pre through, social science lays emphasis on the
methods or results.

The aim is to present a clear idea of the procedure followed in the study. Since the value of any
systematic and scientific research lies in its methodology, giving a clear form of procedure must
be adopted in conducting it, and starting the purpose becomes an essential part of every study.

This study is entirely based on:

 Annual reports of royal power system pvt ltd.

 Published sources.
 Simple statistical analysis.

3.9 PLAN OF ACTION

The data collected from annual reports and an analysis, interpretation has been done.

 Planning the study.

 Collection of data from primary and secondary sources.
 Execution of collected data.
 Making the tables and charts.
 Analyzing the data.
 Interpretation.

3.10 TOOLS USED AND TECHNIQUES FOR DATA COLLECTION

The tools and technique is used for the analysing the data, which includes table, simple
percentages method have been used for the purpose of analysis and presentation. For data
analysis a subsequent interpretation has been interpreted.

The method of data collection can be decided keeping the mind the subject matter, scope of the
study, enquiry level of the subject and scale of the study. The data for this study is obtained from
the balance sheet and profit and loss statements of the company which is prepared on the last
date of the financial year. The collected data can be classified into:
3.11 SOURCERS OF DATA

 Primary data:
The primary data is obtained from interaction with the concerned officers in departments,
department’s manual and other publication of the company.

It is the data that is collected first hand, by the researcher himself for the purpose of a study or
research.

 Secondary data:
The secondary data is mainly obtained from, internal reports, magazines, website, and annual
reports of the company.

When the investigator or researcher uses the data which is already collected by others it is known
as secondary data. The secondary data can be usually obtained from magazines, journals, reports,
publications etc. this collected data is again used by the researcher uses by the researcher to find
out new insides or find search again for new findings. The secondary data for this study is
obtained from the financial statement of the company.

3.12 LIMITATION OF THE STUDY

As for as possible I have put in my best efforts to collect the data in the course of the entire
study. Throughout the study, I found some of limitations of the present study:

 The study is limited to role of cash management in royal power system pvt.ltd.
 The study is limited to the information provided and available in the company.
 The time period for the study was very limited to which many things could not to be
included in the report.
 The findings of the study may not directly reflect the management policy as policies are
influenced by so many factors, which are beyond the scope of the study.
 Obsolescence may not occur due to changes in customer’s tastes, new inventions or
improvements in industry techniques, improvements in product design, specification etc.
 CHAPTER SCHEME:
Chapter 1: introduction.
This chapter gives a bird’s eye view of the project. It contains introduction for the
financial management, cash, cash flow statement, cash management and its
elements.
Chapter 2: review of literat.ure
This chapter includes a summary of previous research on a topic.
Chapter 3: research design.
This chapter contains title of the study, statement of the problem, objectives of the
study, scope of the study, sources of data, research methodology, tools of data,
reference period, limitations of the study.
Chapter 4: company profile.
This chapter deals with profile of the company, profile of the industry, SWOT
analysis, business philosophy etc.
Chapter 5: data analysis and interpretation.
By using the table and graph applied to the data relating to cash management
which are taken from financial statements.
Chapter 6: findings, suggestion and conclusion.
This chapter with findings of the study and the conclusion drawn based on the set
objective.