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TRAINING AT FCI
TRAINING AT FCI
TRAINING AT FCI
TRAINING AT FCI
TRAINING AT FCI
TRAINING AT FCI
TRAINING AT FCI
TRAINING AT FCI
TRAINING AT FCI
TRAINING AT FCI
TRAINING AT FCI
TRAINING AT FCI
TRAINING AT FCI
TRAINING AT FCI
TRAINING AT FCI
TRAINING AT FCI
TRAINING AT FCI
TRAINING AT FCI
TRAINING AT FCI
TRAINING AT FCI
TRAINING AT FCI
TRAINING AT FCI
TRAINING AT FCI
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TRAINING AT FCI

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  • 1. To gain the practical knowledge. To learn about cash management. To gain the knowledge of how funds are managed by the FCI.
  • 2. FCI was set up on 14th January 1965 under the Food Corporation Act 1964. Objectives of FCI are as follow:- oEffective price support operations – to safeguard the interest of farmers. oTo make food grains available at reasonable prices, particularly to vulnerable section of the society. oTo maintain buffer stocks as measure of Food Security. oTo intervene in market for price stabilization .
  • 3. Focus of FCI is on:- Professional excellence in Management of food grain and other commodities. Transparency and accountability in transactions. Optimum utilization of resources. Continual improvement of systems, processes and resources.
  • 4. CASH MANAGEMENT INFLOWS OUTFLOWS INVESTMENT OF SURPLUS
  • 5. CASH MANAGE- MENT BOOKS RECEIPT CASH BOOK PAYMENT CASH BOOK PETTY CASH BOOK
  • 6. RECEIPT CASH BOOK:- provides a complete record of all cash, cheques, demand drafts, and money orders etc, received. DATE PARTICULARS VOUCHER NO. DR. CASH DR. BANK CR. SUNDRY DEBOTRS SUNDRY DEBTORS LEDGER FOLIO NO. CR CR CR
  • 7. PAYMENT CASH BOOK:- provides a complete record of all payments in Cash or by cheques or outward remittances. DATE PARTICUL ARS CHQ. NO. VOUCHER NO. DR. CASH DR. BANK DR. SUNDRY CREDITOR S SUNDRY CREDITORS LEDGER FOLIO NO. DR . DR .
  • 8. PETTY CASH BOOK:- provides a convenient means of recording all the small transactions. Expenses of petty cash in total will be incorporated daily in the “payment cash book” by the name “petty cash control”. DATE PARTICUL ARS VOUCH ER NO. CR. PETTY CASH DR. PAY AND ALLOW ANCES DUE DR. ALLOWA NCES FOR TRAVELLI NG DR. POSTAGE S DR. PRINTING & STATIONERY D R. DR .
  • 9. DAILY CASH BALANCES ARE RECORDED IN THE FOLLOWING WAY:- DATE OPENING BALANCE FOR THE DAY RECEIPTS FOR THE DAY TOTAL (2+3) PAYMENTS FOR THE DAY CLOSING BALANCE (4-5) 1 2 3 4 5 6
  • 10. At the end of each month, receipt and payment cash book are totaled and a summary of total cash transactions is prepared in the following form:- PARTICULARS AMOUNT (RS.) BALANCE AT THE BEGINNING OF THE MONTH ADD (+) :- 1. Receipts other than transfer in and inter-office-remittance inwards 2. Transfer in 3. Inter-office-remittance inwards TOTAL LESS (-) :- 1. Payments other than transfer out and inter-office remittance outwards 2. Transfer Out 3. Inter-office-remittance outwards TOTAL BALANCE AT THE END OF THE MONTH
  • 11. IOR deals in providing credit limit to the zonal office, depot, and regional office according to its credit cash limit for the transaction. Balance in the evening is transferred to Mumbai branch which is the head office of the west zone. In a day the office cannot withdraw more than its credit limit and next it starts with the new balance.
  • 12. FORMAT OF IOR :- ACCOUNT OF :- ACCOUNT NO :- DATE PARTICULARS DR. CR. BALANCE
  • 13. STEPS TO CALCULATE IOR :- DETAILS OF THE BANK • IOR deals with cheque and not in cash VERIFICATION OF TRANSACTION S • Verification with payment cash book CALCULATON OF IOR • Preparing list of daily transactions according to bank statements
  • 14. Breaks out a single general ledger account into subgroups that share common information. Provides more detailed information about individual accounts than a general ledger.
  • 15. FORMAT OF SUBSIDARY LEDGER :- DATE PARTICULARS J / F DR. CR. BALANCE
  • 16. STEPS TO PREPARE SUBSIDARY LEDGER :- INDEX INDIVIDUAL ACCOUTS FOR EACH PARTY DR. ENTRIES- SALES BOOK CR. ENTRIES- RECEIPT BOOK REMAINING BALANCE-BALANCE
  • 17. ADVANTAGES OF SUBSIDARY LEDGER :- It helps to maintain systematic record. It helps to give accurate information for a particular time period. It is useful for the future reference.
  • 18. Training provided was really good. Practical knowledge. It was a great experience. Applicability of theoretical knowledge in the real world.
  • 19. Cash Management is done manually. Records were mainly maintained through books, which created complexity. Lack of motivation among employees. Working environment is not good. Lack of appreciation and acceptance of new ideas.
  • 20. Working environment should be improved. Employees should be motivated. Training should be given to employees for new methods. Computerized work.

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