Professional Documents
Culture Documents
An Internship Report
An Internship Report
On
Krishna Industrial Security & Fire service
Submitted to
Cvm University
Vallabh vidhyanagar
Submitted by
Chaitanya.N.Bhatt
Roll no : 14
TYBBA ITM- A
Semcom
Vallabh vidhyanagar
June 2023
pg. 1
Preface
Visits has always increased the curiosity and learning of the learners the report
include report preparation for the development of qualities of students and
also to include leadership skills.
This project report specifically focus on all the department working in the
industries it focuses on HR department , marketing department and etc.
While making this report we come to know about the various aspects they do
while running the business or industry this visit helps to know the certain
concepts very clearly.
ACKNOWLEDGEMENT
First and foremost I would like to thank god for giving me the strength,
knowledge and ability to complete this report. I would like to thanks our
principle for giving me this opportunity for doing internship the industry. I
thank Krishna industrial limited for allowing me to work as intern in the
industry. At last I would like to thank all my friend and classmate for their
support during my report.
pg. 2
INDEX
Internship report Page no.
Internship certificate 4
introduction 5
Company profile 6
marketing management 8
of kisfs
HR management of kisfs 16
account and audit 22
management of kisfs
Financial management of 31
kisfs
My work as intern at kisfs 34
CONCLUSTION 36
pg. 3
pg. 4
Introduction
VISION
To give best service and become INDIA’S Number 1 Fire safety
service provider so it’ll help the nation grow in fire safety sector.
pg. 5
MISSION
Become INDIA’s no 1 fire safety service provider
To be reliable partner for customers
Save lives and protect properties
Establish- 2003
pg. 6
Carbon monoxide detector , Boot , Fire proximity suit , Firefighter's
helmet
Commander NEW 9 LITRE WATER FIRE EXTINGUISHER , Portable
fire extinguishers
Social Responsibility:
By preventing fire, extinguishing fire and controlling fire, we avoid
damage to people, the environment and your business operations.
We also want our business operations to reflect our social
responsibility. We want to make fire prevention even more
sustainable. Have the correct fire-fighting equipment for putting a fire
out quickly. Keep fire exits and escape routes clearly marked and
unobstructed at all times. Ensure their workers receive appropriate
training on procedures they need to follow, including fire drills. Review
and update their risk assessment regularly. Reacting To Emergencies
Outside The Premises Their social responsibility asks them to
remain responsible and act humanly to ensure they don't miss the
opportunity to help someone in an emergency, even outside or
adjacent to the building.
pg. 7
MARKETING
MANAGEMENT
pg. 8
DEFINITION
marketing management is the process of planning, executing, and tracking the
marketing strategy of an organization. This includes the marketing plan, campaigns and
tactics used to create and meet the demand of target customers to drive profitability.
Transportation
pg. 9
Transportation is the physical means through which products are moved from the
places where they are produced to those places where they are needed for
consumption. It creates locational utility.
Transportation is very important from the procurement of raw material to the delivery
of finished products to the customer’s places. Transportation depends mainly on
railroads, trucks, waterways, pipelines and airways.
Storage
It includes holding of products in proper, i.e., usable or saleable, condition from the
time they are produced until they are required by customers in case of finished
products or by the production department in case of raw materials and stores.
Storing protects the products from deterioration and helps in carrying over surplus for
future consumption or usage in production.
Financing
Financing involves the application of the capital to meet the financial requirements of
agencies dealing with various activities of marketing. The services to ensure the
credit and money needed and the costs of getting merchandise into the hands of the
final user are mostly referred to as the finance function in marketing.
Financing is required for the working capital and fixed capital, which may be secured
from three sources — owned capital, bank loans and advance & trade credit. In other
words, different kinds of finances are short-term, medium-term, and long-term
finance.
pg. 10
Risk Taking
Risk means loss due to some unforeseen situations. Risk bearing in marketing
means the financial risk invested in the ownership of goods held for an anticipated
demand, including the possible losses because of fall in prices and the losses from
spoilage, depreciation, obsolescence, fire and floods or any other loss that may
occur with the passage of time.
They may also be due to decay, deterioration and accidents or due to fluctuation in
the prices induced by changes in supply and demand. The different risks are usually
termed as place risk, time risk, physical risk, etc.
Market Information
The importance of this facilitating function of marketing has been recently marked.
The only sound foundation on which marketing decisions depend is timely and
correct market information.
The importance of this facilitating function of marketing has been recently marked.
The only sound foundation on which marketing decisions depend is timely and
correct market information.
OBJECTIVES
1. Creation of Demand:
The marketing management’s first objective is to create demand through various
means. A conscious attempt is made to find out the preferences and tastes of the
consumers. Goods and services are produced to satisfy the needs of the customers.
Demand is also created by informing the customers the utility of various goods and
services.
2. Customer Satisfaction:
The marketing manager must study the demands of customers before offering them
any goods or services. Selling the goods or services is not that important as the
satisfaction of the customers’ needs. Modern marketing is customer- oriented. It
begins and ends with the customer.
pg. 11
3. Market Share:
Every business aims at increasing its market share, i.e., the ratio of its sales to the
total sales in the economy. For instance, both Pepsi and Coke compete with each
other to increase their market share. For this, they have adopted innovative
advertising, innovative packaging, sales promotion activities, etc.
4. Generation of Profits:
ADVERTISEMENTS:
The marketing department is the only department which generates revenue for the
business. Sufficient profits must be earned as a result of sale of want-satisfying
products. If the firm is not earning profits, it will not be able to survive in
the market. Moreover, profits are also needed for the growth and diversification of
the firm.
The marketing manager attempts to raise the goodwill of the business by initiating
image- building activities such a sales promotion, publicity and advertisement, high
quality, reasonable price, convenient distribution outlets, etc..
pg. 12
MARKETING DEPARTMENT OF KISFS
I am presently part of the Marketing & Strategy department at Krishna industrial security &
fire service, involved in key action driven projects, concentrating on marketing and overall
business and brand building.
•Planning and executing marketing strategies for KISFS Brand Building, from an equipment
provider to a complete solutions provider
•Ensuring brand consistency across all platforms and developing digital campaigns to
increase web traffic
•Analyzing sales and marketing metrics and utilizing them to forecast market trends
•Supporting Senior Management in devising & implementing Sales strategy in line with
Company goals.
Product Catalog
The product catalog is a set of
information about individual
models. Models are specific
versions or various
configurations of an asset. Models
published to the product catalog
pg. 13
are automatically published to the
service
catalog. Business Solutions limited
can efficiently do this service catalog
that includes information about
goods
(models) and services.
Advertisement plan
An advertising plan is a basic part of
a marketing strategy. It helps a
business to establish smaller goals as
part of a
larger marketing strategy. For
example, an advertising plan may be
created for a few months to a year,
where a
complete marketing strategy may
aim to corner a part of the market in
5 years. An advertising plan lays out
exactly
pg. 14
how and when a business will reach
out to potential customers through
various types of media. This includes
setting
advertising goals, identifying a target
audience, defining a message to that
audience, and clarifying a plan of
action
to achieve those goals. Business
Solutions do this planning program
through our highest professional
expertise.
Outlet Promotion
Promotional outlets are things like
advertising, sampling, sales prices,
gift with purchase, display ideas etc.
Business
Solutions limited do this service to
the client through their internal &
external professional expertise.
pg. 15
Social Media Marketing
Social media itself is a catch-all term
for sites that may provide radically
different social actions. For instance,
Twitter is a social site designed to let
people share short messages or
“updates” with others. Facebook, in
contrast is
a full-blown social networking
site that allows sharing updates,
photos, joining events and a
variety of other
activities. Social allow individuals
and businesses to interact with
one another and build
relationships and
communities online. When
companies join these social channels,
consumers can interact with them
directly. The
pg. 16
professional expertise team engages
all the time on this service through
some rules and regulations.
Project Plan
A project plan is a formal document
designed to guide the control and
execution of a project. A project plan
is the
key to a successful project and is the
most important document that needs
to be created when starting any
business
project. The professional expertise of
project planner can do this kind of
activities more efficiently for our
honorable
clients.
Market Research & Analysis Marketing research can give a business a picture of
what kind of new products and services may bring a good sum of profit. For products and
services already available, marketing research can tell companies whether they are meeting
their customers' needs and expectations.
By researching the answers to specific questions, small-business owners can learn whether
they need to change their package design or tweak their delivery methods--and even whether
pg. 17
they should consider offering additional services. A good market research plan indicates
where and who your customers are. It will also tell you when they are most likely and willing
to purchase your goods or use your services. Business Solutions believe to be an expert in
Market research & analysis. As they are connected with various group of companies their
work is to recognize the link between customer relationships and business outcome which
allows companies to optimize and execute their customer strategies .Branding Branding is
an important aspect of any business; large or small, retail or B2B,B2C, B2G. Marketing may
contribute to a brand ,but the brand is bigger than any particular marketing effort.
The brand is what remains after the marketing has swept through the room. It’s what sticks in
your mind about a product, service, or organization—whether at that particular moment; you
bought or not. The brand is ultimately what determines if you will become a loyal customer
or not. The marketing may convince you to buy a particular Toyota, and maybe it’s the first
foreign car you ever owned but it is the brand that will determine if you will only buy
Toyotas for the rest of your life .Business Solutions is confident to establish the branding
reputation in this competitive Market. Business solution create, plan and manage branding
strategies for clients, but can also involve support for advertising and other forms
of promotion. The marketing department of a fire company plays a crucial role in promoting
the organization's services, raising awareness about fire safety, and establishing strong
relationships with the community. It focuses on developing and implementing marketing
strategies to effectively communicate the fire company's mission, services, and initiatives to
the target audience.
One of the primary responsibilities of the marketing department is branding and messaging. It
works to establish a strong and recognizable brand identity for the fire company, ensuring
consistent messaging and visual representation across all marketing channels. The department
develops key messages that effectively communicate the company's expertise, commitment to
fire safety, and dedication to serving the community.
The marketing department is also responsible for developing and implementing marketing
campaigns. It creates targeted marketing plans that address specific objectives, such as
promoting fire safety awareness, recruiting volunteers, or educating the community on fire
prevention. The department identifies appropriate marketing channels, such as social media,
websites, print materials, or community events, to reach the target audience effectively.
Another important aspect of the marketing department's role is public relations and media
relations. It proactively engages with media outlets to generate positive media coverage, press
releases, and news stories about the fire company's activities and achievements. The
marketing department also cultivates relationships with local media representatives and
serves as the primary contact for media inquiries. Effective media relations help raise
awareness about the fire company's initiatives and enhance its reputation within the
community.
In addition, the marketing department is responsible for managing the fire company's online
presence. It maintains and updates the organization's website, manages social media accounts,
and creates engaging content to educate and engage the community. The department
leverages digital marketing strategies, such as search engine optimization (SEO), content
marketing, and email marketing, to reach a wider audience and increase engagement.
pg. 18
Market research and analysis are crucial for the marketing department. It conducts research to
understand the needs and preferences of the target audience, as well as to assess the
effectiveness of marketing initiatives. This information helps the department refine marketing
strategies, tailor messages, and identify opportunities for growth and improvement.
The marketing department also collaborates with other departments within the fire company.
It works closely with the operational teams to ensure accurate and consistent messaging
regarding the company's services and capabilities. The department also supports recruitment
efforts by promoting volunteer opportunities and organizing recruitment campaigns.
Furthermore, the marketing department is responsible for event planning and community
engagement. It organizes and participates in community events, workshops, and fire safety
demonstrations to engage with the local community, educate the public about fire prevention,
and build relationships with key stakeholders.
Overall, the marketing department of a fire company plays a vital role in promoting fire
safety, raising awareness about the organization's services, and establishing strong
relationships with the community. By developing effective marketing strategies, engaging in
public relations, managing the online presence, and conducting market research, the
marketing department contributes to the success and impact of the fire company within the
community.
Product Catalog
The product catalog is a set of
information about individual
models. Models are specific
versions or various
configurations of an asset. Models
published to the product catalog
are automatically published to the
service
catalog. Business Solutions limited
can efficiently do this service catalog
pg. 19
that includes information about
goods
(models) and services.
Advertisement plan
An advertising plan is a basic part of
a marketing strategy. It helps a
business to establish smaller goals as
part of a
larger marketing strategy. For
example, an advertising plan may be
created for a few months to a year,
where a
complete marketing strategy may
aim to corner a part of the market in
5 years. An advertising plan lays out
exactly
how and when a business will reach
out to potential customers through
various types of media. This includes
setting
pg. 20
advertising goals, identifying a target
audience, defining a message to that
audience, and clarifying a plan of
action
to achieve those goals. Business
Solutions do this planning program
through our highest professional
expertise.
Outlet Promotion
Promotional outlets are things like
advertising, sampling, sales prices,
gift with purchase, display ideas etc.
Business
Solutions limited do this service to
the client through their internal &
external professional expertise.
Social Media Marketing
Social media itself is a catch-all term
for sites that may provide radically
different social actions. For instance,
pg. 21
Twitter is a social site designed to let
people share short messages or
“updates” with others. Facebook, in
contrast is
a full-blown social networking
site that allows sharing updates,
photos, joining events and a
variety of other
activities. Social allow individuals
and businesses to interact with
one another and build
relationships and
communities online. When
companies join these social channels,
consumers can interact with them
directly. The
professional expertise team engages
all the time on this service through
some rules and regulations.
Project Plan
pg. 22
A project plan is a formal document
designed to guide the control and
execution of a project. A project plan
is the
key to a successful project and is the
most important document that needs
to be created when starting any
business
project. The professional expertise of
project planner can do this kind of
activities more efficiently for our
honorable
clients.
Product Catalog
The product catalog is a set of
information about individual
pg. 23
models. Models are specific
versions or various
configurations of an asset. Models
published to the product catalog
are automatically published to the
service
catalog. Business Solutions limited
can efficiently do this service catalog
that includes information about
goods
(models) and services.
Advertisement plan
An advertising plan is a basic part of
a marketing strategy. It helps a
business to establish smaller goals as
part of a
larger marketing strategy. For
example, an advertising plan may be
created for a few months to a year,
where a
pg. 24
complete marketing strategy may
aim to corner a part of the market in
5 years. An advertising plan lays out
exactly
how and when a business will reach
out to potential customers through
various types of media. This includes
setting
advertising goals, identifying a target
audience, defining a message to that
audience, and clarifying a plan of
action
to achieve those goals. Business
Solutions do this planning program
through our highest professional
expertise.
Outlet Promotion
Promotional outlets are things like
advertising, sampling, sales prices,
pg. 25
gift with purchase, display ideas etc.
Business
Solutions limited do this service to
the client through their internal &
external professional expertise.
Social Media Marketing
Social media itself is a catch-all term
for sites that may provide radically
different social actions. For instance,
Twitter is a social site designed to let
people share short messages or
“updates” with others. Facebook, in
contrast is
a full-blown social networking
site that allows sharing updates,
photos, joining events and a
variety of other
activities. Social allow individuals
and businesses to interact with
pg. 26
one another and build
relationships and
communities online. When
companies join these social channels,
consumers can interact with them
directly. The
professional expertise team engages
all the time on this service through
some rules and regulations.
Project Plan
A project plan is a formal document
designed to guide the control and
execution of a project. A project plan
is the
key to a successful project and is the
most important document that needs
to be created when starting any
business
project. The professional expertise of
project planner can do this kind of
pg. 27
activities more efficiently for our
honorable
clients.
Market Research &
Analysis
Marketing research can give a
business a picture of what kind of
new products and services may bring
a good sum
of profit. For products and services
already available, marketing research
can tell companies whether they are
meeting their customers' needs and
expectations. By researching the
answers to specific questions, small-
business
owners can learn whether they need
to change their package design or
tweak their delivery methods--and
even
pg. 28
whether they should consider
offering additional services. A good
market research plan indicates where
and who
your customers are. It will also tell
you when they are most likely and
willing to purchase your goods or
use your
services. Business Solutions believe
to be an expert in Market research &
analysis. As they are connected with
various group of companies their
work is to recognize the link between
customer relationships and business
outcome
which allows companies to optimize
and execute their customer strategies.
Branding
Branding is an important aspect of
any business; large or small, retail or
pg. 29
B2B. Marketing may contribute to a
brand,
but the brand is bigger than any
particular marketing effort. The
brand is what remains after the
marketing has swept
through the room. It’s what sticks in
your mind about a product, service,
or organization—whether at that
particular
moment; you bought or not. The
brand is ultimately what determines
if you will become a loyal customer
or not.
The marketing may convince you to
buy a particular Toyota, and maybe
it’s the first foreign car you ever
owned,
pg. 30
but it is the brand that will determine
if you will only buy Toyotas for the
rest of your life.
Business Solutions is confident to
establish the branding reputation in
this competitive Market. Business
solution
create, plan and manage branding
strategies for clients, but can also
involve support for advertising and
other forms
.
pg. 31
SERVICES PROVIDE BY KISFS:
All type of men power supply agent
Integrated fire fighting service
Security service
Dog squad
Body guard, arm guard in festival
Ward boy ,aooya , nursing assistant in hospital
Fire NOC for all type of building
Rescue training in corporate sector
Man power supply in industries
pg. 32
pg. 33
HR
MANAGEMENT
pg. 34
DEFINITION
Human resource management (HRM) is the department of a business organization that
looks after the hiring, management, and firing of staff. HRM focuses on the function of
people within the business, ensuring best work practices are in place at all times.
HR DEPARTMENT OF KISFS:
Reshma Bhatiya is HR executive of KISFS. She handles
human resources department of KISFS.
The HR management is very intelligent and senior they
provides various facilities like
Discussion room
Safety facilities
pg. 35
Various bonus & incentives
PF department
ESIC department
At first they recruit the best employees for the
company then selection process can be done. After
selecting the employees company gives Training and
develop their skills and grow their knowledge about
various factors. She also handle PF /ESIC department of
company’s workers. Hiring and recruitment, Creating
job description and design, Planning and schedules, On
boarding and training. Documenting rules and
regulations. Performance management. Developing
workplace atmosphere .Conflict resolution The HR
(Human Resources) department is a vital function
within an organization that focuses on managing and
developing the company's human capital. It plays a
critical role in attracting, recruiting, retaining, and
supporting employees, as well as ensuring compliance
with labor laws and promoting a positive work culture.
pg. 36
department collaborates with hiring managers to
understand their staffing needs and requirements and
works to fill positions with the most suitable
candidates. By effectively managing the recruitment
process, the HR department helps ensure the
organization has a talented and diverse workforce.
pg. 37
work culture, promoting teamwork, and maintaining
employee morale and motivation.
pg. 38
Additionally, the HR department is responsible for
managing compensation and benefits. It ensures that
employees are appropriately compensated for their
work, manages payroll, and administers benefits
programs such as health insurance, retirement plans,
and leave policies. The HR department stays updated
with labor laws and regulations to ensure compliance
and fairness in compensation and benefits practices.
pg. 39
compliance with labor laws, the HR department
contributes to the overall success, growth, and
sustainability of the organization.
PF SLIP OF EMPLOYE
pg. 40
ESIC
FORM
pg. 41
pg. 42
ACCOUNT & AUDIT
DEPARTMENT
pg. 43
Accounting
Accounting , which is often just called "accounting," is the process of measuring,
processing, and sharing financial and other information about businesses and
corporations.
What is accounting?
Accounting is the processor keeping the accounting books of the financial
transactions of the company. The accountants summarize the transactions in the
form of journal entries. These entries are used in bookkeeping. The books of
accounts are prepared by the accountants as per the regulation of the auditors
and various regulating bodies. The accountants might follow the Generally
Accepted Accounting Principles (GAAP) or the IFRS (International Financial
Reporting Standards) principles
If an analyst reads the book of accounts, he/she can get a fair idea of the
financial situation of the company. Thus, for public listed companies, the book of
accounts is necessary to determine the company valuation.
The operations, financial status, and cash flows of a large organization over a
certain time period are summed up in the financial statements. These are short
reports after incorporating all the transactions based on hundreds of individual
financial transactions. So, on top of years of schooling and hard tests, all
accounting credentials require a certain number of years of real-world
accounting experience.
pg. 44
required to undergo audits. As part of their lending covenants, lenders
frequently require the annual results of an external audit. Therefore, the bulk of
businesses will perform annual audits for whatever reason.
Managerial Accounting
Managerial accounting and financial accounting use many of the same data, but
they organize and use the data in different ways. In managerial accounting, the
accountant needs to prepare periodical reports for actionable insights. The
decisions by the management are taken after considering these managerial
reports. In addition to budgeting, forecasting, and different tools for analyzing
finances, managerial accounting has many other accounting features. This is for
any kind of information that management might find useful.
Cost Accounting
Cost decisions are taken after considering the insights of cost accountants. Cost
accounting looks at all of the costs of making a product. The relevant managers
make use of the costing decisions to check the viability of the products and
improve costing decisions.
pg. 45
Accounting is an important part of modern finance, even though it is sometimes
overlooked.
What is 'Audit'
Definition: Audit is the examination or inspection of various books of accounts
by an auditor followed by physical checking of inventory to make sure that all
departments are following documented system of recording transactions. It is
done to ascertain the accuracy of financial statements provided by the
organisation.
pg. 46
idea is to check and verify the accounts by an independent authority to ensure
that all books of accounts are done in a fair manner and there is no
misrepresentation or fraud that is being conducted.
All the public listed firms have to get their accounts audited by an independent
auditor before they declare their results for any quarter.
Who can perform an audit? In India, chartered accountants from ICAI or The
Institute of Chartered Accountants of India can do independent audits of any
organisation. CPA or Certified Public Accountant conducts audits in USA.
There are four main steps in the auditing process. The first one is to define the
auditor’s role and the terms of engagement which is usually in the form of a
letter which is duly signed by the client.
The second step is to plan the audit which would include details of deadlines and
the departments the auditor would cover. Is it a single department or whole
organisation which the auditor would be covering. The audit could last a day or
even a week depending upon the nature of the audit.
The next important step is compiling the information from the audit. When an
auditor audits the accounts or inspects key financial statements of a company,
the findings are usually put out in a report or compiled in a systematic manner.
The last and most important element of an audit is reporting the result. The
results are documented in the auditor’s report.
pg. 47
ACCOUNT AND AUDIT DEPARTMENT OF
KISFS
Income statement
Income statements tell you how profitable your business was during a
given reporting period. A typical income statement contains three
parts: total revenue, total expenses, and net income.
The cash flow statement’s primary sources are cash from operating
activities, investing activities, and financing activities.
pg. 48
Balance sheet
pg. 49
Another essential function of the Account and Audit department is
ensuring compliance with accounting standards and regulations. This
includes staying up-to-date with the latest financial reporting
standards and ensuring the company's financial statements are
prepared in accordance with these standards. The department also
ensures compliance with tax regulations, regulatory reporting
requirements, and other relevant financial laws and regulations.
pg. 50
Overall, the Account and Audit department is responsible for
maintaining accurate financial records, ensuring compliance with
accounting standards and regulations, conducting internal and
external audits, and managing financial risks. By providing reliable
financial information, conducting audits, and implementing strong
internal controls, the department contributes to the transparency,
integrity, and accountability of the company's financial operations.
pg. 51
The Profit and Loss (P&L) department, also known as the Income
Statement department, is responsible for analyzing and managing the
financial performance of a company. This department focuses on
monitoring and reporting the revenues, costs, and expenses incurred
by the organization to determine its profitability over a specific period.
Profit analysis and reporting are integral to the P&L department's role.
It assesses the profitability of different products, services, business
pg. 52
units, or geographical regions within the company. By analyzing profit
margins, revenue growth, and cost trends, the P&L department
provides insights into the performance of various segments and helps
management make informed decisions regarding resource allocation
and strategic direction.
pg. 53
The primary function of the P&L department is to prepare and analyze
the company's income statement. The income statement provides a
comprehensive overview of the company's revenues, costs, and
expenses during a given period, typically on a quarterly or annual
basis. It outlines the company's net sales or revenue, cost of goods
sold, operating expenses, and other income and expenses. By
analyzing the income statement, the P&L department can evaluate the
company's revenue-generating activities and cost management.
On the expense side, the P&L department monitors and analyzes the
company's costs and expenses. This includes analyzing the cost of
goods sold, operating expenses, such as salaries, marketing expenses,
rent, utilities, and other administrative costs. By closely monitoring
expenses, the P&L department can identify areas where cost
reductions or efficiency improvements can be made to enhance
profitability.
pg. 54
management to make informed decisions and take corrective actions if
necessary.
pg. 55
pg. 56
pg. 57
FINANCE
MANAGEMENT
pg. 58
DEFINITION
Source of finance
Retained Earnings: In most cases, a company does not release all of its earnings or
share its profits with its shareholders as dividends. ...
Trade Credit: ...
Factoring : ...
Lease Financing: ...
Public Deposits: ...
Commercial Papers:
o Objective of finance
profitability
liquidity
efficiency
stability.
1. Financial Planning and Analysis: The finance department is responsible for developing
and implementing the company's financial plans and budgets. They analyze financial data,
forecast future trends, and provide insights and recommendations to support strategic
decision-making.
pg. 59
2. Budgeting and Cost Control: The finance department establishes budgetary controls to
ensure that expenditures align with the company's financial goals. They monitor costs,
identify areas of inefficiency, and implement cost-saving measures to optimize the allocation
of resources.
3. Financial Reporting: The finance department prepares and presents financial statements,
including balance sheets, income statements, and cash flow statements. These reports
provide an overview of the company's financial performance and enable stakeholders to
assess its profitability, liquidity, and overall financial stability.
5. Cash Management: The finance department ensures the availability of sufficient cash to
meet the company's operational needs. They manage cash inflows and outflows, monitor
cash balances, and make strategic decisions regarding investments, borrowing, and liquidity
management.
7. Financial Analysis and Decision Support: The finance department provides analytical
support to other departments within the company, assisting in evaluating investment
opportunities, conducting cost-benefit analyses, and assessing the financial impact of
various business decisions.
pg. 60
responsible for managing the financial activities and ensuring the organization's fiscal well-
being. It plays a crucial role in the overall success and stability of the company by
overseeing financial planning, budgeting, accounting, and reporting.
One of the primary functions of the finance department is financial planning and analysis.
This involves developing strategic financial plans, forecasting future financial performance,
and evaluating the company's financial health. By analyzing key financial data and market
trends, the finance department provides valuable insights and recommendations to support
decision-making at both the operational and strategic levels.
The finance department is also responsible for managing the company's accounting and
financial reporting functions. It ensures accurate and timely recording of financial
transactions, prepares financial statements, and complies with relevant accounting
standards and regulations. This includes maintaining general ledgers, managing accounts
payable and receivable, and conducting periodic financial audits.
In addition, the finance department plays a crucial role in capital management and
fundraising activities. It evaluates investment opportunities, assesses the cost of capital, and
determines the optimal capital structure for the company. The finance department also
manages relationships with financial institutions, investors, and stakeholders to secure
funding for the organization's growth and expansion initiatives.
Furthermore, the finance department is responsible for ensuring compliance with financial
regulations and reporting requirements. It stays up-to-date with relevant laws and
regulations, such as taxation and financial disclosure standards, and ensures the company's
adherence to these regulations. The finance department also liaises with external auditors
and regulatory bodies to ensure accurate and transparent financial reporting.
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Overall, the finance department is a critical component of any company, providing financial
leadership and expertise to support informed decision-making, financial stability, and
sustainable growth. Its functions encompass financial planning, budgeting, accounting,
reporting, risk management, capital management, and regulatory compliance. By effectively
managing the company's finances, the finance department contributes to the organization's
success and helps achieve its strategic objectives.
pg. 62
pg. 63
My work as inter in kisfs
First of all I want to thank mr Nishith bhatt to giving me an opportunity to work at his
company. Thanks to my colleagues to support me and help to learn a things. Most of I do
there online banking work under miss trupti she taught me how to do online salary payment
frequently I go with mr devendra Chauhan on fire training I got much knowledge about all
type of fire extinguisher how many types are in extinguisher about NOC knowledge. I got
knowledge about PF, ESIC under miss reshma Bhatia. During the summer of 2023, I had the
incredible opportunity to embark on a transformative internship experience. As a passionate
and motivated individual eager to apply my academic knowledge to real-world scenarios, this
internship was an ideal platform for me to gain practical skills, expand my professional
network, and explore my chosen career path. Over the course of [duration], I worked with
[company/organization] and delved into the [department/field] department, an experience
that left an indelible mark on my personal and professional development. Pre-Internship
Before officially commencing my internship, I invested significant time in researching and
familiarizing myself with the company's vision, values, and current projects. This enabled me
to enter the internship with a strong foundation of knowledge and enthusiasm.Upon arriving
at the company on my first day, I was greeted by a warm and supportive team. I was
assigned a mentor, a seasoned professional who would guide me throughout my internship
journey. They introduced me to the team, provided an overview of ongoing projects, and set
clear expectations for my role.Throughout the internship, I was exposed to various aspects
of the [department/field] department. I actively participated in team meetings, brainstorming
sessions, and workshops, which enhanced my understanding of the industry and sharpened
my technical skills. From conducting market research and analyzing data to developing
reports and collaborating on client projects, each task challenged me to apply theoretical
concepts into practical situations.One of the most rewarding aspects of my internship was
the collaborative work environment fostered by the company. I had the opportunity to work
closely with professionals from different departments, enabling me to gain insights from
diverse perspectives and develop effective teamwork skills. The open and supportive culture
of the organization encouraged me to voice my ideas, seek guidance, and actively contribute
to the team's success.My assigned mentor played a pivotal role in shaping my internship
experience. They provided regular feedback on my performance, guided me through
complex tasks, and offered valuable career advice. Their expertise and willingness to invest
time in my growth empowered me to push my boundaries and strive for
excellence.Throughout the internship, I had the chance to interact with professionals across
different levels of the organization. Attending company-wide events, team-building activities,
and industry conferences allowed me to expand my professional network significantly. These
connections proved invaluable, providing me with future career prospects and potential
mentorship opportunities.My internship experience was not only about acquiring technical
skills but also about personal growth. I developed stronger problem-solving abilities, learned
to manage my time efficiently, and honed my communication skills. Moreover, the
experience exposed me to the realities of the industry and helped me gain a clearer
understanding of my career goals.My internship experience with [company/organization] was
an incredible journey that exceeded my expectations. From the supportive work environment
and engaging projects to the mentorship I received, every aspect contributed to my personal
and professional growth. I am grateful for the opportunity to learn from talented
professionals, apply my knowledge to real-world scenarios, and build a strong network within
pg. 64
the industry. This internship has equipped me with the confidence and skills to embark on
my future career path, and I will always cherish the memories and lessons gained during this
transformative experience. When a student works as an intern, it provides them with a
valuable opportunity to gain practical experience, apply theoretical knowledge, and develop
essential skills in a professional setting. Here are some key benefits and experiences that
students can gain from working as an intern:
1. Practical Application: Internships offer students the chance to apply the knowledge and
skills they have learned in their academic studies to real-world situations. It allows them to
see how concepts and theories are implemented in a professional environment and gain a
deeper understanding of their field of study.
2. Skill Development: Internships provide students with the opportunity to develop and
enhance a wide range of skills. These can include communication skills, teamwork, problem-
solving, time management, adaptability, and professionalism. Students learn to navigate
work environments, collaborate with colleagues, and handle tasks and responsibilities
independently.
4. Industry Insights: Working as an intern provides students with firsthand exposure to the
industry they are interested in. They gain insights into industry trends, best practices, and
the overall functioning of the sector. This knowledge can help them make more informed
decisions about their career path and shape their professional goals.
pg. 65
Understanding work culture is essential for a smooth transition from academic to
professional environments.
Overall, working as an intern provides students with a unique learning experience that
bridges the gap between academia and the professional world. It offers practical application,
skill development, networking opportunities, industry insights, resume enhancement, self-
discovery, and exposure to work culture. These benefits can contribute significantly to a
student's personal and professional growth, helping them make informed career choices and
prepare for future employment.
pg. 66
CONCLUSTION
The internship to the KISFS company has helped me to learn
many new factors of business world .It was an amazing
experience about the strategies used by the company Thus it
was an amazing experience about the industry as well as
knowledge is concerned use can day it as knowledgeable
internship. my internship experience has been incredibly
valuable and rewarding. Over the course of this internship, I
have had the opportunity to apply the knowledge and skills I
gained during my academic studies in a real-world professional
setting. The experience has provided me with a deeper
understanding of the industry, enhanced my technical abilities,
and developed my professional network.
During my time as an intern, I was able to work on various
projects and tasks that allowed me to gain practical experience
in my field. I had the chance to collaborate with a diverse team
of professionals who provided guidance, mentorship, and
valuable feedback. Through their expertise and support, I was
able to grow both personally and professionally.
One of the most significant lessons I learned during this
internship is the importance of effective communication and
teamwork. Working in a team environment taught me the
significance of open and transparent communication, as well as
the ability to collaborate with individuals from different
backgrounds and skill sets. This experience has undoubtedly
pg. 67
improved my interpersonal skills, which I believe will greatly
benefit me in my future career endeavors.
Furthermore, this internship has helped me develop a strong
work ethic and a keen eye for detail. I learned how to prioritize
tasks, manage my time effectively, and meet deadlines in a
fast-paced and demanding work environment. These skills are
crucial for success in any professional setting and will
undoubtedly contribute to my future success.
Overall, my internship experience has provided me with a
comprehensive understanding of the industry, practical skills,
and personal growth. I am grateful for the opportunities and
experiences I had during this internship, as they have played a
significant role in shaping my career aspirations and goals. I am
confident that the knowledge and experiences gained during
this internship will serve as a strong foundation for my future
professional endeavors.
I would like to express my sincere gratitude to all the
individuals who supported and guided me throughout my
internship journey. Their expertise, mentorship, and
encouragement were instrumental in making this internship a
truly enriching and valuable experience.
Finally, I am excited to take the knowledge and skills I have
acquired during this internship and apply them to my future
endeavors. I am confident that the experiences gained during
this internship will contribute to my personal and professional
growth as I embark on the next phase of my career.
pg. 68
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