IGNOU MS-100 (FM) Project – Study of Inland Bill Discounting Under Letter of Credit and WCM wrt Vardhman Textiles Ltd.

Working capital (WC) is a financial metric which represents operating liquidity available to a business, organisation or other entity, including governmental entities. Along with fixed assets such as plant and equipment, working capital is considered a part of operating capital. Gross working capital is equal to current assets. Working capital is calculated as current assets minus current liabilities. If current assets are less than current liabilities, an entity has a working capital deficiency, also called a working capital deficit.

Objectives

• To study the working of yarn division.
• To get the knowledge of sale under letter of credit in yarn division
• To know about bill discounting under letter of credit
• What factors that considers their working capital requirement.
• Working capital policies of the company.
• To operate the working capital cycle of the management.
• Detail study of account receivable department (ACR)
• To have a pragmatic approach to the theoretical concepts learnt within the four corners of the classroom.
• To have a firsthand knowledge about the working of the management processes in a public sector enterprise.

Topic Covered

• Introduction
• Review of the Literature
• Company Profile
• Data Analysis and Findings
• Conclusion
• Suggestions/Recommendations
• Limitations of the Study
• Bibliography