To gain the practical knowledge.
To learn about cash management.
To gain the knowledge of how funds are managed
by the ...
FCI was set up on 14th January 1965 under the Food
Corporation Act 1964.
Objectives of FCI are as follow:-
oEffective pr...
Focus of FCI is on:-
Professional excellence in Management of food
grain and other commodities.
Transparency and account...
CASH MANAGEMENT
INFLOWS OUTFLOWS
INVESTMENT
OF SURPLUS
CASH
MANAGE-
MENT
BOOKS
RECEIPT
CASH
BOOK
PAYMENT
CASH
BOOK
PETTY
CASH
BOOK
RECEIPT CASH BOOK:- provides a complete record of
all cash, cheques, demand drafts, and money orders
etc, received.
DATE P...
PAYMENT CASH BOOK:- provides a complete record
of all payments in Cash or by cheques or outward
remittances.
DATE PARTICUL...
PETTY CASH BOOK:- provides a convenient means of
recording all the small transactions.
Expenses of petty cash in total wil...
DAILY CASH BALANCES ARE RECORDED IN THE
FOLLOWING WAY:-
DATE OPENING
BALANCE FOR THE
DAY
RECEIPTS FOR
THE DAY
TOTAL
(2+3)
...
At the end of each month, receipt and payment cash
book are totaled and a summary of total cash
transactions is prepared i...
IOR deals in providing credit limit to the zonal
office, depot, and regional office according to its
credit cash limit fo...
FORMAT OF IOR :-
ACCOUNT OF :-
ACCOUNT NO :-
DATE PARTICULARS DR. CR. BALANCE
STEPS TO CALCULATE IOR :-
DETAILS OF
THE BANK
• IOR deals
with cheque
and not in
cash
VERIFICATION
OF
TRANSACTION
S
• Veri...
Breaks out a single general ledger account into
subgroups that share common information.
Provides more detailed informat...
FORMAT OF SUBSIDARY LEDGER :-
DATE PARTICULARS J
/
F
DR. CR. BALANCE
STEPS TO PREPARE SUBSIDARY LEDGER :-
INDEX
INDIVIDUAL ACCOUTS FOR EACH
PARTY
DR. ENTRIES- SALES BOOK
CR. ENTRIES- RECEIPT ...
ADVANTAGES OF SUBSIDARY LEDGER :-
It helps to maintain systematic record.
It helps to give accurate information for a pa...
Training provided was really good.
Practical knowledge.
It was a great experience.
Applicability of theoretical knowle...
Cash Management is done manually.
Records were mainly maintained through books,
which created complexity.
Lack of motiv...
Working environment should be improved.
Employees should be motivated.
Training should be given to employees for new
me...
TRAINING AT FCI
TRAINING AT FCI
TRAINING AT FCI
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TRAINING AT FCI

  1. 1. To gain the practical knowledge. To learn about cash management. To gain the knowledge of how funds are managed by the FCI.
  2. 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. 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. 4. CASH MANAGEMENT INFLOWS OUTFLOWS INVESTMENT OF SURPLUS
  5. 5. CASH MANAGE- MENT BOOKS RECEIPT CASH BOOK PAYMENT CASH BOOK PETTY CASH BOOK
  6. 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. 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. 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. 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. 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. 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. 12. FORMAT OF IOR :- ACCOUNT OF :- ACCOUNT NO :- DATE PARTICULARS DR. CR. BALANCE
  13. 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. 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. 15. FORMAT OF SUBSIDARY LEDGER :- DATE PARTICULARS J / F DR. CR. BALANCE
  16. 16. STEPS TO PREPARE SUBSIDARY LEDGER :- INDEX INDIVIDUAL ACCOUTS FOR EACH PARTY DR. ENTRIES- SALES BOOK CR. ENTRIES- RECEIPT BOOK REMAINING BALANCE-BALANCE
  17. 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. 18. Training provided was really good. Practical knowledge. It was a great experience. Applicability of theoretical knowledge in the real world.
  19. 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. 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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