A EXTENSION ACTIVITY BY

PARTIAL COMPLETAION OF THE DEGREE

FOR MASTER OF BUSINESS ADMINISTRATION (INFORMATION
TECHNOLOGY) STUDIES
OF
CHHATRAPATI SHIVAJI MAHARAJ UNIVERSITY

ON
“A EXTENSION ACTIVITY ON DIGITAL SYSTEMS ASSESSMENT AND
COMPLIANCE AUDIT AT CONSTRUCTION SITE IN MAHALAXMI
CONSTROTECH ENTERPRISES”

SUBMITTED BY
MR. GANESH SHESHRAO SABLE
MS. KAVYANJALI DEVIDAS PATIL

“GUIDED BY RESPECTED PROF. SNEHA

FACULTY OF COMMERECE, MANAGEMENT AND HOSPITALITY

DEPARTMENT OF COMMERECE AND BUSINESS MANAGEMENT
 DECLARATION

We, Ganesh Sheshrao Sable, Kavyanjali Devidas Patil the student of

Final Year MBA (IT) (Year 2023-24) hereby declare that I have

completed my project

On 23 March 2024.

The information submitted is true and original to the best of my

knowledge.

Ganesh Sheshrao Sable

Kavyanjali Devidas Patil

Name of the Student & Enrollment No.

1). Ganesh Sheshrao Sable 220221107

2). Kavyanjali Devidas Patil 220221043

Chhatrapati Shivaji Maharaj University, college of commerce

College Address, Near Shedung Toll Plaza, Old Mumbai-Pune Highway

Post - Shedung, Taluka, Panvel, Maharashtra 410216
OBJECTIVE :

1. System works well : This objective indicates that the main

goal of the activity was to ensure that the digital accounting
system being used at the construction site functions effectively
and efficiently.

2. It follows government rules : This objective highlights the

importance of compliance with government regulations
regarding financial reporting and accounting standards. Ensuring
adherence to these rules is crucial for legal and ethical reasons.

3. Reports are easy to make : This objective emphasizes the need

for the digital accounting system to facilitate the generation of
monthly reports without unnecessary complications or
difficulties, streamlining the reporting process for efficiency.

4. Found some ways to make it even better : This objective

suggests that while the system may be functional, there is room
for improvement. Identifying areas where enhancements can be
made helps optimize the system's performance and usability.

5. Suggested improvements were helpful : This objective

indicates that any recommendations or suggestions for
improvement provided during the assessment were found to be
beneficial and constructive, contributing to the overall
effectiveness of the digital accounting system.

6. Learned a lot about digital systems: This objective reflects the

personal development aspect of the activity, highlighting the
opportunity for individuals involved to gain valuable insights
and skills related to assessing and improving digital systems,
thereby enhancing their knowledge and expertise in IT.

DESCRUPTION OF ACTIVITY:

1. Visited a construction site:

- Went to where the construction work is happening.
2. Looked at their digital accounting system:
- Examined the computer system they use to manage their
money and finances.
3. Checked if it follows government rules:
 - Made sure the way they handle their money follows the laws
set by the government.
4. Made sure it can make reports easily every month:
- Ensured that their computer system can quickly create
financial reports every month without any problems.
5. Found ways to make it work better:
- Discovered ways to improve how their computer system
functions for managing finances.
6. Suggested improvements:
- Offered ideas on how they can make their computer system
and financial management better.
7. Learned how to check and fix digital systems:
- Gained knowledge and skills on how to inspect and improve
computer systems, particularly those related to finance
management.
PARTICIPANT :

- Ganesh Sable : Led the assessment of the digital accounting

system, conducted thorough checks on its functionality and
compliance with regulations, and proposed recommendations for
improvement.
- Kavyanjali Patil : Assisted in the evaluation process by
examining specific aspects of the system's usability and report
generation capabilities, and provided insights on potential
enhancements.
- Rahul Soni : Contributed to the assessment by analyzing data
integrity within the digital accounting system, identified areas
for optimization, and collaborated on formulating suggestions
for system refinement.

LOCATION :

The activity took place at the premises of MAHALAXMI

CONSTROTECH ENTERPRISES Construction Company,

situated at [Mahalaxmi conste, Enter. Plot no.444, Adarsh

nagar, walap village, MIDC Taloja Panvel Navi Mumbai

Raigad]. This location served as the operational base for the

company's ongoing construction projects.

SUMMARY:

During the activity, we visited a small construction company to

check how they manage their finances using a computer system.
We found that they were doing a good job with their digital
accounting. They were following the government's rules and
could easily make reports every month. We also suggested some
ways they could improve.

CHALLANGES:

While the company was doing well overall, there were a few
things that could be better. For example, some parts of their
computer system were a bit slow, and they could make the
reports even easier to understand. Helping them fix these small
issues would make their financial management even better.
FEEDBACK:

1. System works well: The digital accounting system at the

construction site is functioning effectively and efficiently.
2. It follows government rules: The financial management
processes implemented by the construction site adhere to the
regulations and standards set by the government.
3. Reports are easy to make: The system facilitates the
generation of financial reports smoothly and without
complications, ensuring ease of use for the staff.
4. Found some ways to make it even better: During the
assessment, areas for enhancement in the system's functionality
or efficiency were identified.
5. Suggested improvements were helpful: Recommendations
provided to improve the system were beneficial and are likely to
enhance the overall financial management process at the
construction site
6. Learned a lot about digital systems: Engaging in this activity
provided valuable insights and knowledge about digital systems,
contributing to personal learning and development in the field of
IT and financial management.
CONCLUSION:

In conclusion, our assessment of the digital accounting system at

the small construction company revealed a commendable
adherence to government regulations and effective generation of
monthly reports. While the system demonstrated proficiency in
financial management, our recommendations for system
optimization aim to further streamline operations and enhance
user experience. By addressing the identified areas for
improvement and providing ongoing support, we anticipate a
continued trajectory of success for the company's financial
management endeavors.