Jan 3, 2014
Financial Statement Analysis at Balco
A Financial statement is a collection of data organized according to logical and consistent accounting procedures, which indicate the financial position of the Firm and this report is dedicated to BALCO. Financial Statement is prepared primarily for decision accounting. In other words, "Financial Statements provide a summary of the accounts or business enterprise, the balance sheet reflecting the assets, liabilities and capital as on a certain date and the income statement showing the results of operation during a certain period". It is prepared as an end result of financial accounting and it is the major sources of financial information of an enterprise. You can also Subscribe to FINAL YEAR PROJECT'S by Email for more such projects and seminar.
About the Company :
BHARTI Aluminum Company Ltd. (BALC0) is the first producer of Aluminum in public sector at an initial cost of Rs. 350 crores & Authorized capital of Rs. 500 crores from government of India with its registered office at New Delhi. Balco was the first large public sector metal company dis-invested by the Government of India.
The various department of BALCO has been broadly classified as follows:
1. Production department
2. Service department
3. Humor resource department
4. Finance & Accounts department.
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The objectives of Financial Statements are:
1. To provide reliable financial information about the Business Firm.
2. To provide other needed in information about changes in economic resources and obligations.
3. To provide financial information's that assist in estimating the earning potentials of business.
4. To disclose, to the extent possible, other information related to the financial statements that is relevant to the needs of the users of these statements.
The project report also contains SWOT and Ratio analysis of BALCO along with financial analysis and aims to determine the firm's financial strength and to identity its weakness. It is generally undertaken to determine the significant operating of financial characteristics of the BALCO Ltd. from the accounting data present in the balance sheet. The basic purpose of this project is to conduct Financial analysis of BALCO Ltd. so that its financial strength and weakness can be assessed from financial manager’s perspective by properly establishing relationship between the items of balance sheet and profit and loss account and by evaluating the intervening implications, on overall financial health of the firm.
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