Dear All,
I am Viswanadh, did MBA in finance.
Recently I got job in gas pipe line lying company, and posted me as accounts head. Here I have to monitor and control all the financial transactions by satisfying vendors and the company management. Under me one accountant is working on SAP-Fico. But I don’t have any idea on that ERP and in process to get trained.
Here my questions are,
1) how can I prepare MIS report (i.e on which basis can I?)
2) how can I prepare the balance sheet for the site end
3) how can I prepare the cash flow statement for every month
And let me know if there any other reports.
Please help me out by providing your experience and suggestions with data.
Thanks & Regards,
Viswanadh Raju.S
From India , Hyderabad
I am Viswanadh, did MBA in finance.
Recently I got job in gas pipe line lying company, and posted me as accounts head. Here I have to monitor and control all the financial transactions by satisfying vendors and the company management. Under me one accountant is working on SAP-Fico. But I don’t have any idea on that ERP and in process to get trained.
Here my questions are,
1) how can I prepare MIS report (i.e on which basis can I?)
2) how can I prepare the balance sheet for the site end
3) how can I prepare the cash flow statement for every month
And let me know if there any other reports.
Please help me out by providing your experience and suggestions with data.
Thanks & Regards,
Viswanadh Raju.S
From India , Hyderabad
SAP has inbuilt formats that generate the BS and the P&L Statements from the TB. you need to be familiarize your self with the ERP and everything will fall into place
From India , Bangalore
1From India , Bangalore
hello Viswanath raju, am Madhukar Reddy, am giving you total practical material go throw it once.
From India , Hyderabad
From India , Hyderabad
pls explain me whether assets in business undertaking should be purchased from owners fund or borrowers fund
From India , Gurgaon
From India , Gurgaon
Dear all,
we do first talling of Trial balance then we have posting the prescribed entries in balance sheet i.e liabilities and assets side in trial balance all debit goes to assets side and credit goes to liabilities side both side are tallyieng,
profit and loss a/c is the company profit and losses it will identifing total turn over + other income - ditrect expenses + indirect expenses = we got NET PROFIT
From India , Bangalore
we do first talling of Trial balance then we have posting the prescribed entries in balance sheet i.e liabilities and assets side in trial balance all debit goes to assets side and credit goes to liabilities side both side are tallyieng,
profit and loss a/c is the company profit and losses it will identifing total turn over + other income - ditrect expenses + indirect expenses = we got NET PROFIT
From India , Bangalore
Respected Seniors and Dear Friends,
This is Manoj Kumar from Hyderabad, doing as a US Accounts Executive in IT Solutions company,
it is It Staffing and developing company, any one please advice to me how to prepare the MIS financial reports to IT Staffing and developing company, and give some sample xls file,
I am eagarly waiting for your responce
Thanks & Regards
Manoj Kumar
From India, Hyderabad
This is Manoj Kumar from Hyderabad, doing as a US Accounts Executive in IT Solutions company,
it is It Staffing and developing company, any one please advice to me how to prepare the MIS financial reports to IT Staffing and developing company, and give some sample xls file,
I am eagarly waiting for your responce
Thanks & Regards
Manoj Kumar
From India, Hyderabad
MIS report means giving VITAL and useful information about performance of the organization to the top management.
In fact, balance sheets and other financial statements shall not be understood easily by top management.
They want precise and precious useful information only.
So as you are now in key position and not able to generate reports, do not waste time.
Simple figures also are helpful as follows:
Total sales Rs. 100 lakhs
Total purch. Rs. 90 lakhs
Total cr. sales Rs. 50 lakhs
Bad debts more than 3 months Rs. 60 lakhs
So the top management will appreciate the key figures like bad debts lying more than 3 months and the corrective steps.
Best regards
RK
From India, Mumbai
In fact, balance sheets and other financial statements shall not be understood easily by top management.
They want precise and precious useful information only.
So as you are now in key position and not able to generate reports, do not waste time.
Simple figures also are helpful as follows:
Total sales Rs. 100 lakhs
Total purch. Rs. 90 lakhs
Total cr. sales Rs. 50 lakhs
Bad debts more than 3 months Rs. 60 lakhs
So the top management will appreciate the key figures like bad debts lying more than 3 months and the corrective steps.
Best regards
RK
From India, Mumbai
#Subject List: trial balance City-India-Hyderabad top management it staffing mis report cash flow statement mis reports financial reports it solutions indirect expenses direct expenses accounts executive funds flow statement Country-India
Understanding Off Balance Sheet Accounting[1][1 ].2003 - Wiley.pdf
Daily Cash Sheet.xls
