FINANCE DEPARTMENT

Finance has been defined as the

source of money. It studies the
principle and raising,
administering and controlling of
funds in business.
Financial function are:
> Investment or long term
asset mix decision
> Financial or capital mix
decision
> Dividend or profit allocation
decision
> Liquidity of short-term asset
 PROCEDURES:
üSetting various financial performance standards, modifying
from time to time.
üPreparation of master control budget based on department-

wise budget, forwarded by HOD of each dept.

üMonitoring of key financial ratios.

üPlanning and implanting the growth strategy of the

organization.
üMaintenance of accounts, preparation of annual accounts,

annual reports etc.

üCost and output study.

WORKING CAPITAL:

• Own funds
• Lending institutions

• Agreement with bankers for non-fund assistance like letter or

credit bank guarantee etc.

“dividend are being paid regularly”

AUDIT:
The company has efficient external auditors. Besides this
auditors are appointed by the company law board to audit the
accounts, records of the company. Audited record is sent to the
accountant and also to the shareholders with explanation. In addition
ISO audit is also carried out.

ACCOUNTING RECORDS:

Files of finance & accounts Dept: : Unlocked shelves.

Current ledgers, subsidiary registers

Salary sheets : Concerned personnel

Asset register : HOD

Rank cash book, journal books,

Salary records, purchase journal,
sales day book and other subsidiary
register of previous year : Record room

Vouchers pertaining to 8 years : Record room (in boxes with

name and year mentioned on it)
 ORGNISATION CHART – FINANCE
DEPARTMENT
FINANCE
MANAGER
PERSONAL
SECRETARY

GENERAL GENERAL GENERAL

ACCOUNTANTS ACCOUNTANTS ACCOUNTANTS

OFFICE IN OFFICE IN OFFICE IN

CHARGE CHARGE CHARGE

ACCOUNTANTS ACCOUNTANTS
ASSISTANTS ASSISTANTS
ACCOUNTANT TYPIST WORKS
CASHIER S ASSISTANTS
ASSISTANTS

HELPER
 RESEARCH &
DEVELOPMENT
The department of Science and Industrial Research,
Ministry of Science and Technology, Govt of India has
approved the in- house research and development activities
of the company.

FUNCTIONS:

The main functions of Research and Development are:

v Developing high, medium and low voltage forming

v Developing technology for editing high voltage
Aluminum foil
v Updating the manufacturing technology of electrolytic
capacitors
v Developing electrolyte required for the manufacturing
“KCCL allocates 0.5% to 1% turnover for R&D
of capacitors.
purpose”
 R&D – ORGANISATIONAL CHART

HEAD OF
DEPARTMENT

SECTION-IN- SECTION-IN- SENIOR TYPIST

CHARGE CHARGE
PRODUCTION ELECTROLYTE
DEVELOPMENT DEVELOPMENT

TECHNICAL TECHNICAL
APPRENTICE APPRENTICE
 ou …
n k y
Th a

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