Inventory Management concept of LIFO FIFO method Company works under RTGS and

Inventory management concept of lifo fifo method

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Inventory Management, concept of LIFO & FIFO method Company works under RTGS and Letter of Credit for payment to their abroad creditors/suppliers Preparing the Stock Report, Sales Report/Forecast, Purchase Forecast Preparations of Documents for VAT return Filings
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Contd… Management of Funds for Loan and LC funds Settlement Ensure Proper Utilization of Loan facilities available with the company Ensure timely payment to the suppliers with coordination of banks
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Outcome of the Internship Helped me apply my Theoretical Knowledge to practical practice of business Understood the process of accounting through LC and methods of handling Inventory Understood the documents required for Loan Renewal In depth knowledge about working procedure under Letter of Credit & RTGS
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Contd… Understanding the uses and application of various Business Loans such as Margin Money, TR Loan, Demand Loan & etc. Having in-depth knowledge about Costing of Imported Products Knowing the Importance of different reports such as Ageing Report, Stock Report
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My views on Workplace No regulation for employees being late to the office Strict action against taking leave without informing Colleagues very kind and cooperative with teaching in depth about any problems encountered Tasks were delayed because of no proper deadline and instruction to the employees
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Pictures
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Conclusion Able to develop myself to adopt in the professional world of business With the support of my all the supervisors and colleagues was able to grow and enhance my ability
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  • Fall '16
  • abc
  • FIFO and LIFO accounting, Tristar Impex, LC Managemnet

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