INTRODUCTION

CHAPTER -01

Meaning of finance

Finance is defined as the provision of funds when they are needed. It is specifically defined as the
acquisition of funds and their effective utilization. Financial management is defined as the control of
a company's cash flow. All business decisions have financial consequences.

Therefore financial management is inevitably related with every aspect of business operations.

FINANCIAL EVOLUTION: It can be divided into three broad phases: traditional phase,
transitional phase, and modern phase. 1.The Conventional Phase (Up to 1940) Initially, finance was a
component of economic activity, and business owners were more concerned with the bottom line.
Operational actions This phase had the following characteristics: - The finance function was episodic
in nature.- Funds were obtained primarily from financial institutions or through shares/debentures. -
the point of view of the outsider was dominant 2.The Transitional Period (1940–1951)Though the
nature of financial management was similar to that of the traditional phase, there was a greater
emphasis on day-to-day operations. On a regular basis, funds are analysed and controlled. Instead of
on a sporadic basis3.The Contemporary Period (After 1950) Since the mid-1950s, the company has
been in operation.

Finance becomes more important not only for episodic events but also for day-to-day activities as
business grows and competition increases. The finance manager has evolved into a professional
manager who is responsible for raising funds for the company, allocating those funds to various
projects, and measuring the results of each allocation
 Meaning of Accounting

Accounting is the process of recording a company's financial transactions. Accounting involves

summarizing, analysing, and reporting transactions to oversight

agencies, regulators, and tax collection entities. The financial statements used in accounting are a
concise summary of a company's operations, financial position, and cash flows over an accounting
period.

Managerial accounting and cost accounting are two important types of accounting for businesses.
Managerial accounting assists management teams in making business decisions, whereas cost
accounting assists business owners in determining the price of a product.

Definition of Accounting

According to the Committee of Terminology of American Institute of Certified Public Account:”

Accounting is the art of recording, classifying summarising in a significant manner and in terms of
money, transaction, and events which are, in part at least of a financial character and interpreting the
results thereof.”

According to Bierman and Drebin:” Accounting may be defined as identifying, measuring,

recording and communicating of financial information.”

Therefore accounting can be defined as” the process of recording, summarising, reporting and
analysing required financial information relating to the economic events of an organization to the
interested users for making decisions.
 How Accounting Works

Accounting is a critical function in almost every business. It may be handled by a bookkeeper or

accountant in a small business, or by large finance departments with dozens of employees in larger
corporations. The reports generated by various accounting streams, such as cost accounting and
managerial accounting, are invaluable in assisting management in making sound business decisions.

Financial statements are concise and consolidated reports that summarize a large company's
operations, financial position, and cash flows over a specific period. They are based on thousands of
individual financial transactions. As a result, all accounting designations are the result of years of
study and rigorous examinations, as well as a certain number of years of practical accounting
experience.

Meaning of Assets

An asset is a resource with monetary value that an individual, corporation, or country owns or
controls with the expectation of future benefit. Assets are reported on a company's balance sheet and
are purchased or created to increase the value of the company or to benefit its operations. An asset is
anything that can generate cash flow, reduce expenses, or increase sales in the future, whether it's
manufacturing equipment or a patent.

Assets are reported on a company's balance sheet and are purchased or created to increase the value
of the company or to benefit its operations.

Current Assets
Current assets are short-term economic resources that will be converted into cash within a year. Cash
and cash equivalents, accounts receivable, inventory, and various prepaid expenses are examples of
current assets.

Fixed Assets
Fixed assets, such as plants, equipment, and buildings, are long-term resources. An adjustment for
fixed asset aging is made based on periodic charges known as depreciation, which may or may not
reflect a fixed asset's loss of earning power.
 Financial Assets
Financial assets are investments in other institutions' assets and securities. Stocks, sovereign and
corporate bonds, preferred equity, and other hybrid securities are examples of financial assets. The
value of financial assets is determined by how the investment is classified and the motivation behind
it.

Intangible Assets
Intangible assets are financial resources that do not have a physical presence. Patents, trademarks,
copyrights, and goodwill are examples. Intangible asset accounting differs depending on the type of
asset, and they can be amortized or tested for impairment each year.

Meaning of Liabilities

A liability is something that a person or company owes, usually a monetary amount. Liabilities are
settled over time by transferring economic benefits such as money, goods, or services. Liabilities on
the balance sheet include loans, accounts payable, mortgages, deferred revenues, bonds, warranties,
and accrued expenses.

Liability, in general, refers to the state of being responsible for something, and it can refer to any
money or service owed to another party. For example, tax liability can refer to property taxes owed
to the municipal government or income taxes owed to the federal government. When a retailer
collects sales tax from a customer, they incur a sales tax liability until the funds are remitted to the
county/city/state.

Current Liabilities
Analysts prefer to see that a company can pay current liabilities due within a year with cash. Payroll
expenses and accounts payable, which include money owed to vendors, monthly utilities, and similar
expenses, are examples of short-term liabilities.

Non-Current Liabilities
Any liability that is not current falls under non-current liabilities expected to be paid in 12 months or
more, as the name suggests. Returning to the AT&T example, there are more items than your typical
company, which may only list one or two. Long-term debt, also known as bonds payable, is usually
the most significant and highest-ranking liability.
Meaning of Accounts Receivable

The balance of money due to a company for goods or services delivered or used but not yet
paid for by customers is known as accounts receivable (AR). Accounts receivables are a
current asset on the balance sheet. Any amount owed by customers for purchases made on
credit is referred to as AR.

Accounts receivable refers to a company's outstanding invoices or the money owed by

customers. The term refers to accounts that a company is entitled to receive as a result of
delivering a product or service. Accounts receivables, also known as receivables, are a type
of credit that a company extends to its customers and typically have terms that require
payments to be made within a short period of time. It can be anything from a few days to a
full fiscal or calendar year.

Importance of receivable management and benefits

Receivables management is the planning and control of debt owed to customers as a result
of credit sales. Simply put, the successful completion of your order to sales is determined
only when your sales are converted into cash. You must manage 'how much you need to
receive? from whom?' until your sales are converted into cash.

To accomplish this, you must have an accounts receivable management system, also known
as a credit management system, in place.

Another reason is that accounts receivable are a major source of cash inflow, and given the
volume of credit sales, a significant amount of money is locked up in accounts receivable.
This simply means that a certain amount of money is not available until it is paid. If these
are not managed effectively, they have a direct impact on the business's working capital and
may impede its growth.

When you sell on credit, you will undoubtedly need to keep track of the amounts owed to
you by your customers. Your outstanding receivables will include all such dues from your
parties. Managing outstanding receivables is important for your business because it not only
helps you understand how much your parties owe you, but it also allows you to recover the
dues on time and use them for your business as needed.

 Keep track of your payments.

 Utilize the credit period

 Keep an eye out for past-due bills.

 Your customer's payment performance

Accounts receivable management that is efficient will benefit the business in a variety of
ways. The most important benefit is increased cash inflow due to faster conversion of sales
to cash. It also aids in the development of a better relationship with your customer by
eliminating discrepancies in pending bills and lowering the risk of bad debts. All of this
necessitates keeping track of your receivables, which you can easily do with accounting
software. It enables you to track, monitor, and take action on overdue/long-pending bills,
resulting in an increased cash inflow that is critical for business growth.

Receivables management is an essential component of running a business. It is a critical

component of generating cash inflow in the company and has a significant impact on future
cash flow.
When there is a payment delay on the customer's end, the company may experience a cash
flow shortage. This makes it critical for a company to effectively manage its accounts
receivable in order to avoid serious financial problems.

Effective receivable management can also assist in increasing sales and thus profits. This is
because providing credit to customers usually entices them to use a company's services and
contributes to the development of a positive customer-business relationship.

However, the significance of receivables management extends beyond sales and cash flow.
It can also attract investors because it allows them to easily see how adept a company is at
collection and assess the company's credit record.

A number of factors go into good receivables management. These are some examples:

 Checking a customer's credit score ahead of time

 Keeping good customer relationships

 Detecting late payments quickly

 Acting as soon as possible to settle late payments

Meaning of Accounts Payable

"Accounts payable" (AP) is a general ledger account that represents a company's obligation
to repay a short-term debt to creditors or suppliers. Another common meaning of "AP" is the
business department or division in charge of making payments to suppliers and other
creditors on behalf of the company.

In a company's balance sheet, AP is a critical figure. If AP rises in comparison to the

previous period, it means the company is purchasing more goods or services on credit rather
than paying cash. When a company's AP decreases, it means it is paying off previous period
debts faster than it is buying new items on credit. Accounts payable management is critical
to a company's cash flow management.

Importance of Accounts payable management

Accounts payable is derived from a company's production budget, but it is recorded in the
books when materials are delivered and taken to stores. While the materials procurement
manager is responsible for the timing of purchases and placing orders, he will be able to add
value to the company if he works closely with the finance manager. The quantity discount
for large purchases acts as a powerful incentive for a purchasing manager to place large
orders, almost to the point of allurement.

Keeping track of your accounts payable and receivable is critical to the health of your
business. It applies to both small businesses that handle a few transactions per day and large
corporations that handle hundreds. Accounts payable and receivable do more than just track
cash in and out of your business; they also help you avoid unexpected expenses that can
throw even the best budget off track.
"You can have the best product or service in the world, but if you run out of cash, you can't
make more products or provide more services," Ben Richmond, country manager at Xero,
told Business News Daily. "The king and queen of cash flow are accounts payable and
receivable."

What is the significance of accounts payable and receivable

Accounts payable and receivable ensure that enough money enters the business to pay your
bills and, hopefully, have some cash left over. You can't manage your cash flow effectively
unless you keep track of your payables and receivables.

Managing both types of accounts allows you to budget for upcoming bills, identify ways to
improve terms with vendors and suppliers, and incentivize customers to pay their bills more
quickly. It can also shorten the time required to collect past-due accounts .

Do you believe that cash flow management is unimportant? Poor cash flow management is
responsible for approximately 80% of business failures.

"At the end of the day, if you don't have cash, you're not in business," said Dawn Brolin,
owner of Powerful Accounting and a certified public accountant. "The importance of your
AR and AP cannot be overstated."

Week of Recognition Everyone would do well to commemorate that week by gifting one of
these mugs to the AP clerk, because no business can exist without the AP function.
The accounts payable department is in charge of accurately tracking what is owed to
suppliers, as well as ensuring payments are properly approved and processed. Accurate
accounts payable information is critical for producing an accurate balance sheet.

Industry profile

The Indian security and surveillance market is in an exciting phase. We are transitioning
from closed-space security to public-space security. As a result, both the government and the
private sector have increased their spending. The global security and surveillance industry
has grown in importance as the value of safety and well-being has grown in the residential,
commercial, hotel, and resort sectors.

The significant increase in security threats has compelled governments from various
countries to prioritize the advanced surveillance techniques development and
implementation Rising crime rates and rising Security breaches have occurred all over the
world.

With the common purpose of detecting, monitoring and recording intrusion, security
systems can be as elementary as a video camera or as complex as a biometric system. Digital
surveillance techniques in the form of closed-circuit television (CCTV) cameras, burglar
alarm systems and access control systems have become household names. Intellectual
property (IP)-based surveillance technology, touted as the future of surveillance systems, has
replaced closed-circuit analogue systems, which, until recently, predominantly dominated
the security market.

Closed Circuit Television (CCTV) is a system in which the circuit is closed and all of the
elements are directly connected, as the name implies. This is in contrast to broadcast
television, where any properly tuned receiver can pick up the signal from the airwaves.

CCTV is now used in security systems ranging from small retail shops, homes, and
commercial establishments of various sizes and sectors. Except for private areas, CCTV is
now required in almost all areas and establishments, whether private or government. The
true range of applications is nearly limitless, only limited by one's imagination.

It can be divided into two categories: Analogue CCTV and Network CCTV. Until recently,
Analogue CCTV was the most commonly used type in all types of applications, but Network
or IP CCTV is quickly catching up and is nearly equal to Analogue systems. Analogue
technology has also advanced significantly to provide resolutions that are compatible with
the majority of other features in most cases. However, network CCTV is the future
technology that blends and mixes well with the premises' IT infrastructure to run on the
same infrastructure, reducing costs on cables and maintenance on cables from every single
camera and making the Monitoring/Control Room tidy and organized with limited cables.

The most basic system is a camera/s connected directly to a Recorder via coaxial cable, with
power for the camera supplied by a Power Supply via the same CCTV Cable, and the
camera feed connected to the recording device known as a Digital Video Recorder, which is
then connected to a monitor. It is a low-cost, self-contained system for small/medium-sized
installations. At both ends, this system can be viewed and controlled remotely via the
Internet.
Recent advancements have enabled the development of some extremely sophisticated
systems. These concepts include multiple recording of many cameras; almost real-time
pictures over the internet of hundreds, if not thousands, of cameras from many separate
control positions to dozens of monitors; reliable detection of movement by electronic
evaluation of the video signal; and immediate notification of any parameters set in the
cameras or the recording software.

Cameras are further classified into different types suitable for different environments, such
as a Dome Camera for indoor applications, outdoor bullet/box cameras, pan, tilt, and zoom
cameras for detailed tracking of suspect moments in high security zones, thermal cameras
for special applications, and all of these cameras come with a variety of other features that
should be chosen based on environmental and security level requirements.

Camera recordings are typically made with a digital video recorder or a network video
recorder. Network cameras can also be recorded on a server with software, Video
Management Software. With the addition of an HDD and a suitable recorder to
accommodate the hard disks, recordings can be kept for as many days/weeks/months as the
site and company policies require.
 CHAPTER-02

Review of Literature is the abstract from published or unpublished Bibliographies,

Academic journals, Conference proceedings, Government reports, Books, Articles, etc.

Accounts receivable, according to BPP Press Financial Management (2009), is an

organization's claim on purchaser assets. Accounts receivable makes up a significant portion
of many organizations' cutting-edge assets and represents an investment.

1. Sims, C Paul, Jr: True Patrick, (1997): It might be supplied on a practical and whole
settlement foundation due to the fact its reasons commonly translate into any extra skills at
the balance sheet. For the identical cause, it indicates extra threats. Accounts receivable has 5
keys that can be used as feature springs: 1. Make sensible initial contributions to judgments,
2. Maintain perfect suit data, 3. Ensure forex regulators, four. Establish effective monitoring
procedures, and five. Prevent changes within the credit surroundings.

2. Paul, Salima Y, (2007): If it impacts credit score control. Therefore, the control of this
characteristic have to be the variety of typical desires, and should be suitable for professional
methods. It is widely universal in the credit management literature, such as the product
surroundings, frequency of dissemination, and permitting businesses to benefit from
monetary prudence. The different influencing elements that have an effect on the credit
control feature are that the time spent on each function of the credit score function funding
and credit score control technique has been extensively typical for the control of business
enterprise overall performance.

3. Wallis, Lyle Paul. (August 2002): The entire U.S. Economy is under excessive stress.
Faced with this surroundings, receiver managers increasingly want to ensure the feasibility of
their very own enterprise. Although there's no incentive to preserve revenues, implementing
strict safety features in phrases of credit score authorization is essential, so powerful
management of this asset (usually the biggest asset at the stability sheet) is a necessary
condition in trendy monetary surroundings.

4. Wimely, C J. (Mar/Apr 2012): It represents the single largest capital investment on the
balance sheet. While the age- old battle of whether or not long term debt should be
considered part of the capital structure of an organization is commonly acknowledgment
credit policy based on financial analysis and non-financial data, Lower credit standard boost
credit are (5C): character, capital, capacity, conditions and collateral.

5. Stevenson, Paul, (2005): average collection period is uniform in the sample units. The
integration on recognition function within another department may be desirable.
Nevertheless, these must a struggle of awarenessamongst credit objectives and others. There
would incentives for the sales department, for instance, to maximize the turnover and thus
sales staff may offer more generous credit terms than the industry norm or offer credit to
risky customers.

6. RamaduJanki P. & Rao Durga S. (2007); disclosed in their study - "Management of

receivables within the Indian commercial automobile enterprise" - that the enterprise has
appreciably reduced management, but a few person agencies scored far worse in this area.

7. Deloof, M (2003) :determined that there was a tremendous terrible correlation between
general working profits and the Belgian corporation’s debts receivable, stock, and payable
days. These effects display that managers can create cost for their shareholders by way of
lowering the amount of 1-day bills receivable and inventory to a reasonable minimum. The
terrible relationship between accounts payable and profitability is inconsistent with the view
that genes with terrible profitability are waiting longer to pay payments.

8. Reddy &Patkar (2004) :studied the scale of factoring agencies and their additives and
liquidity management. They also attempted to take a look at the connection among the
factoring business enterprise's liquidity and profitability. Their end is that the amount of 30
various borrowers and creditor payables is the three predominant components of present day
belongings and current assets that determine the size of the operating capital.

9. Sooke. H, Kim.SH and Rowland (1992): performed a survey of ninety four Japanese
organizations in the United States (1992) and determined that U.S. Groups’ running capital
management practices differed in phrases of low inventory levels and excessive stages of
accounts receivable. . The examine indicates that U.S. Groups gather inventory; Japanese
corporations have a higher proportion of total accounts receivable. You can outline a hard
and fast for each credit client. This should be achieved in an prepared way to accelerate cash
earnings without compromising the debtor’s relationship.

10. Stoner (1997): organizes organizational overall performance as an potential to perform

correctly, profitably, continue to exist, expand, and cause opportunities and threats. Stoner
(1997) successfully makes use of the manufacturing manner as a key thing in controlling
enterprise performance. In addition, it additionally emphasizes profit innovation, asset
management and average entrepreneurship to achieve sustained overall performance.

Accounts payable is derived from an organization's production budget, but it is recorded in

the books of accounts when materials are delivered and taken to stores. While the materials
procurement manager is responsible for the timing of purchases and placing orders, he will
be able to add value to the company if he works closely with the finance manager. The
quantity discount for large purchases acts as a powerful incentive for a purchasing manager
to place large orders, almost to the point of allurement. While the goal of accounts payable
management is to provide as much zero-cost financing as possible, a company must work
within certain purchase terms ( which is mostly dependent upon market practice). This
determines the cost to the firm of financing obtained from the suppliers.

CHRIS ANDERSON PROVIDES NINE STRATEGIES FOR WRITING ACCOUNTS

PAYABLE PROCEDURE.

The goal of accounts payable is to grow the asset while maintaining a good credit rating.
CHRIS ANDERSON'S strategies focused on lowering payables expenses and increasing
payables efficiency by implementing new design or procedure.

 Eliminate papers
  Integrate ERP Systems

 Increase Payment Terms.

 Take Payment Discounts.

 Review Purchases

 Communicate with Suppliers

 Eliminate Disputes.

 Reduce Errors

 Train personnel

EFFECTIVE PAYABLES MANAGEMENT TECHNIQUES WHICH MARCY

FISHER HAS GIVEN

Payables, also known as current liabilities or current debt, is a balance sheet item that
equals the sum of all money owed by a company and due within one year. It is not
necessary to pay all bills on time.

 The firm's goal is to keep cash on hand.

 Continue to use alternative vendor sources whenever possible.

 Take advantage of available payment deferrals and bargain for lower prices and a
significant discount.

 Try to make credit period shorter

H.PAUL PHILIP PROVIDES TIPS ON HOW TO USE CASH WISELY.

Payables management is the management of a company's outstanding debts, or liabilities, to

vendors for credit purchases of goods and services .Make the most of your creditor's
payment terms. Don't pay a bill in 15 days if it's due in 30 days. Make payments using
electronic funds transfer on the last day they are due .Make sure your suppliers are aware of
your financial situation. You'll need their trust and understanding if you ever need to
postpone a payment. Consider the vendor's offers of early payment discounts carefully.

When choosing suppliers, don't always go for the cheapest option. More flexible payment
terms can sometimes help your cash flow more than a low price.

JOHN WILSEY'S MANAGING PAYABLE ACCOUNTS, NEW YORK 1991

The accounts payables department's primary function is to process and account for invoices
and cash disbursements. Accounts payable management responsibilities include:

Routine system processes such as voucher creation and cash disbursements are being
monitored.

Ensure that reports, documents, and other records are properly stored.

Internal controls must be maintained.

Statement of the problem:

The most difficult aspect of receivables management is bringing in money on a consistent

basis. Consider how much time and effort it takes to send paper or PDF invoices and then
wait for checks to arrive in the mail. Even with a lockbox system, getting paid can take up to
a week - and that's assuming the vendor pays on time. The average time it takes for credit
sales to be converted into cash is the day sale outstanding. A high DSO indicates that your
customers are taking too long to pay off their debts, exceeding the agreed-upon payment
term. If this KPI is higher than the industry average, double-check that the credit plans you're
offering aren't too much for you to handle. It might also be a good idea to put in place a new
protocol and financial planning. This study is taken up to detect the problems of management
regarding accounts receivable and cost of capital issues.
Need for the study:

Accounts payable is the department or division in charge of making payments to suppliers

and other creditors on behalf of the company. The amount of money due to company foe
goods or services delivered or utilized but not yet paid by customers is known as accounts
receivable .

The range of receivables handled by the company is largely determined by a few factors.
They can be: Receivables have an impact on the firm's credit sale volume. Receivables grow
in proportion to the size of acknowledgement sales.

 Receivables are influenced by the company's credit policies.

 Trade positions for the industry.

 The company's expansion plans.

  Profits made by the company.

 Efforts made by the organization to collect money from creditors.

 The business deals with the customer's nature.

Objectives:

 To know the benefits of Accounts payable and receivable management

 To know the tools to reduce loss incurred due to bad debts

 To understand the impact of credit policy on receivables management in the

organization

 To know the account receivable and payables impact on financial performance of the
company

 To identify the causes for delay in payment process

 To understand the liquidity position of the firm

Sampling:

This study is based on non-probability sampling, and the sampling technique will be
convenience sampling, which is also known as opportunity sampling, because it makes it
easier to select the sample.

Sources of the data:

Primary and secondary data will be used as data sources. Data is the systematic collection of
information needed to conduct an effective study.

Primary data is information that is collected for the first time and is unprocessed.

Secondary Data that has already been collected or used is referred to as secondary data. It is,
as previously stated, second-hand information.

Tools for data collection:

 Questionnaire

 Journals

 Interaction with the external guide.

 Articles,

 Books ,

 Website

CHAPTER-03
Company profile

Nexus Safety Solutions Pvt Ltd provides innovative, high-quality, and dependable
technologies. The company is dedicated to technological advancement. Nexus Safety
Solutions specializes in developing products and services that help to improve the quality of
Security and Safety products and applications, thereby making people's lives, assets, and
property safer. Nexus Safety Solutions can customize, design, install, commission, and
maintain the best products and services in terms of Quality, Service, and Price, regardless of
the Customer's requirements.

The Company provide system and components for vast array of application.

➢ Residential – Home and Apartment

➢ Commercial – Office, Hotel, Retail and meeting centre .

➢ Industrial – Factory and warehouse

➢ Institutional – Hospital

➢ Educational – School and Universities

➢ Public venue – Garden, Museum and Libraries

➢ Transportation – Bus stand, Railway station and Airport

Company profile
Type; Private Sector;

Service sector Category;

Medium Nature of Business; Safety Consulting & Security Technology Industry;

Securities industry Chairman; Mr. Adil Pasha

Year of Establishment; 2008

Registered Address; # 44, 5th main S.P Naidu Layout Opposite to Ramamurthy nagar Police
station Bangalore – 560016, Karnataka, India

Total Number of Employees; 180+ Key

Customer; The forum Mall Bangalore, Taj Residency Bangalore, HAL Bangalore

Annual turnover; 4 cores

Location Area served; Delhi, Mumbai, Guwahati, Kolkata, Mysore, Chennai, Hyderabad,

Website; www.nexussafety.com

Back Ground &History;

Nexus safety was established in the year 2008, By MR.

Adil Pasha. He is the chairman of nexus safety solution.

Nature of business; Providing services about safety and solution for various
commercial, social , Institutions, Organization etc.

MISSION & VISION

OUR MISSION

Nexus mission is to provide easy- to- use, trustworthy and

cost-effective electronic security solution. Our Responsibilities are,

 To Remember that customer are our greatest assets

 To leverage our product into emerging markets to create equity value for
owners

 To treat NEXUS associates as long –term partners

OUR VISION

We are dedicated to innovate & deliver high quality products

efficiently on time and at right price to our customer through continual
improvement we are committed to provide professional and flexible environment
to enhance our customer satisfaction while driving to become world class
organization
Product /Service Profile

Nexus safety provides various safety solutions to the society they provide
various products security system to the institutions organization Apartments and
many more.

FIRE FIGHTING SYSTEM

FIRE ALARAM SYSTEM

Completed projects

1) AMAZON WARE HOUSE

 PROJECT AMAZON
NAME WARE HOUSE

LOCATION BANGALORE

BUILDERS RKV
NAME DEVELOPERS

PROJECT RS 300 LAKHS

VALUE

BIDAR INSTITUTE OF MEDICAL SCIENCE

PROJECT BIDAR
NAME INSTITUTE
OF
MEDICAL
SCINCE
LOCATION BIDAR

CONSULTANT SANJAY
NAME MARKETING
&
PUBLICITY
SERVICES
PROJECT RS370
VALUE LAKHS
 2) CITY CENTRAL MALL

PROJECT CITY
NAME CENTRE
MALL
LOCATION MANGALORE

BUILDERS MCPL
NAME
CONSULTANT IN HOUSE
NAME

PROJECT RS
VALUE 200LAKHS
3) BDA

PROJECT BDA
NAME
LOCATION BANGALORE

(JAYNAGAR)
CONSULTANT SUNDARAM
NAME ARCHITECT
ARCHITECT SUNDARAM

ARCHITECT
PROJECT RS 359 LAKHS
VALUE
Some of the clients

1) BDA Jayanagar

2) White Meadows club House

3) UB City Mall

4) Gokaldas life style

5) Oakwood Premier

6) Mohini vi

7) Yashaswaini International school

 8) New Baldwin international school

9) Taj Manjarum

10) Kids Universal

11) Hotel Taj place

12) Pride Hotel

13) Cipla

14) ISRO

15) Rail Wheel Factory

16) KSRTC

CHAPTER -04

DATA ANALYSIS AND INTERPRETATION

Data Analysis

Data analysis is the systematic application of logical and or statistical approaches to describe
and demonstrate, summarise and analyse, and assess data.

Interpretation
The process of reviewing data and drawing relevant conclusions while utilising a variety of
analytical techniques is known as data interpretation. Researchers can categorise, manipulate,
and summarise data with the aid of interpretation in order to find answers to important issues.

1) Age group of the respondents :

PARTICULARS NO OF RESPONDENTS PERCENTAGE (%)

18-30 40 80%

30-40 10 20%

40 and above 0 0%

TOTAL 50 100%

Analysis: From the above table it can be analysed that 80% of the respondents belong to age
group of 18-30 and 20% of the respondents belong to age group of 30-40.
 NO OF RESPONDENTS
18-30 30-40 40 and above

20%

80%

GRAPH NO 4.1

Interpretation: From the above chart it can be analysed that most the respondents are
belongs to age group of 18-30 . Hence it is observed that the organization has to provide the
equal opportunity to work for age belongs to 30-40 .
 2) Gender classification of respondents :

PARTICULARS NO OF RESPONDENTS PERCENTAGE (%)

MALE 35 70%

FEMALE 15 30%

TOTAL 50 100%

Analysis: From the above table it can be analysed that 70% of the respondents are male and 30% of
the respondents are female .
 NO OF RESPONDENTS
40

35

30

25
NO OF RESPONDENTS
20

15

10

0
MALE FEMALE

GRAPH NO 4.2

Interpretation: From the above chart it can be interpreted that most of the respondents are
male . Hence it is observed that female employees should also be given opportunity to work.
 3) Qualification of respondents :

PARTICULARS NO OF RESPONDENTS PERCENTAGE (%)

Graduation 45 90%
Post-graduation 5 10%
Others 0 0
TOTAL 50 100%

Analysis: From the above table it can be analysed 90% of the respondents have done
graduation and 10% of the respondents have done the post-graduation .
 NO OF RESPONDENTS

45
40
35
30 NO OF RESPONDENTS
25
20
15
10
5
0
Graduation Post-graduation others

GRAPH NO 4.3

Interpretation: From the above chart it can be interpreted that most of the respondents are
graduates. Hence the nexus safety solutions are concentrating specifically for graduates only.
 4) Do you think accounts payable and receivable management have an impact on the
firm’s liquidity?

PARTICULARS NO.OF RESPONDENTS PERCENTAGE (%)

Strongly agree 30 60%

Disagree 0 0%

Agree 20 40%

Strongly disagree 0 0%

TOTAL 50 100%

Analysis:

From the above table it can be analysed that 60% of the respondents are strongly agreeing
and 40% of the respondents are just agreeing that accounts payable and receivable
management have an impact on the firm’s liquidity.
 NO.OF RESPONDENTS

Strongly disagree

Agree
NO.OF RESPONDENTS

Disagree

Strongly agree

0 5 10 15 20 25 30 35

GRAPH NO 4.4

Interpretation: From the above chart it can be interpreted that most of the respondents
are strongly agreeing and some of the respondents are just agreed that accounts payable
and receivable management have an impact on the firm’s liquidity. . Hence it is observed
that accounts payable and receivable management plays a very important role in firm’s
liquidity .
 5) Do you think effective credit policies play an important role in receivable
management?

PARTICULARS NO OF RESPONDENTS PERCENTAGE (%)

Yes 50 100%

No 0 0%

TOTAL 50 100%

Analysis: From the above table it can be analysed that 100% of the respondents are aware
that the effective credit policies play an important role in receivable management.
 NO OF RESPONDENTS
60

50

40
NO OF RESPONDENTS
30

20

10

0
Yes No

GRAPH NO 4.5

Interpretation: From the above chart it can be interpreted that almost all respondents are
aware that the effective credit policies play an important role in receivable management.
Hence it is observed that credit policy will reduce the nexus safety solutions bad debts.
 6) Which tools does Nexus Safety Solutions used in order to reduce bad debt losses?

PARTICULARS NO OF RESPONDENTS PERCENTAGE (%)

Offer incentives for early payers 0 0%

EMI option 10 20%

Sending invoices promptly 10 20%

Others 30 60%

TOTAL 50 100%

Analysis: From the above table it can be analysed that 20% of respondents are agreeing that
EMI option will be reduce the bad debt losses of the company and 20% of respondents are
agreed that sending invoices promptly will reduce the bad debt losses and 60% of
respondents said that other tools will reduce bad debt losses of nexus safety solutions private
limited .
 NO OF RESPONDENTS
Offer incentives for early payers EMI option
Sending invoices promptly Others

20%

60% 20%

GRAPH NO 4.6

Interpretation: From the above chart it can be interpreted that most of the respondents are
agreed that other tools will reduce the bad debt losses of nexus safety solution private
limited. Hence it is observed that different tools are utilised to reduce the company’s bad
debts.
 7) How does the company manage accounts payable when there is a delay in
receiving the payment?

PARTICULARS NO OF RESPONDENTS PERCENTAGE (%)

Postponement of payments 5 10%

Reserve funds 35 70%

Loan 0 0%

Others 10 20%

TOTAL 50 100%

Analysis: From the above table it can be analysed that 70% of respondents are agreed that
reserve funds can manage company accounts payable when there is a delay in receiving the
payments and 10% respondents are agreed that postponement of payments and 20% of
respondent are agreed in that others options .
 NO OF RESPONDENTS
Postponement of payments Reserve funds
Loan Others

10%
20%

70%

GRAPH NO 4.7

Interpretation: From the above chart it can be interpreted that most of the respondents
are agreed that reserve funds can manage company accounts payable when there is a delay
in receiving the payments. Hence it is observed that reserved fund will help the company to
manage the business problems which will occur unexpectedly.
 8) Do you think cash management has an impact on accounts payable and receivable
management?
PARTICULARS NO OF RESPONDENTS PERCENTAGE (%)

Agree 50 100%

Disagree 0 0%

TOTAL 50 100%

Analysis: From the above table it can be analysed that 100% of the respondents are agreed
that cash management has an impact on accounts payable and receivable management.
 NO OF RESPONDENTS
Agree Disagree

100%

GRAPH NO 4.8

Interpretation: From the above chart it can be interpreted that all respondents are agreed that
cash management has an impact on accounts payable and receivable management. Hence it
is observed that cash management is very important factor for accounts payable and
receivable management.
 9) Does accounts payable and receivable management assist the company in
budgeting for the future projects?

PARTICULARS NO OF RESPONDENTS PERCENTAGE (%)

Yes 50 100%

No 0 0%

TOTAL 50 100%

Analysis: From the above table it can be analysed that 100% of the respondents are aware
that the accounts payable and receivable management assist the company in budgeting for
the future projects.
 NO OF RESPONDENTS

50
45
40
35 NO OF RESPONDENTS
30
25
20
15
10
5
0
Yes No

GRAPH NO 4.9
Interpretation: From the above chart it can interpreted that almost all the respondents are
agreed that the accounts payable and receivable management assist the company in
budgeting for the future projects. Hence the accounts payable and receivable management
plays a crucial role in company’s budgeting .
 10) Does receiving advance payments and paying past-due bills affect the company's
performance?

PARTICULARS NO OF RESPONDENTS PERCENTAGE (%)

Positive impact 30 60%

Negative impact 20 40%

TOTAL 50 100%

Analysis: From the above table it can be analysed that 60% of respondents are agreed that
there is a positive impact and 40% of respondents are not agreed that there is positive
impact for receiving advance payments and paying past-due bills affect the company's
performance.
 NO OF RESPONDENTS
Positive impact Negative impact

40%

60%

GRAPH NO 4.10

Interpretation: From the above chart it can be analysed that most of the respondents are
agreed that there is a positive impact for receiving advance payments and paying past-due
bills affect the company's performance. Hence it is observed that receiving advance
payments and paying past-due bills will increase company’s goodwill.
 11) What strategy do you think should be used to reduce payables expenses and
increase payable efficiency?

PARTICULARS NO OF RESPONDENTS PERCENTAGE (%)

Payment discounts 5 10%
Integrate EPR system 15 30%
Increase payment terms 15 30%
Others 15 30%
TOTAL 50 100%

Analysis: From the above table it can be analysed that 30% of respondents agreed that
the integrated EPR system and 30% respondents agreed that increasing payment terms and
30% respondents are agreed other option and 10% respondents are agreed payment
discounts to reduce payables expenses and increase payable efficiency.
 NO OF RESPONDENTS
Payment discounts Integrate EPR system Increase payment terms Others

10%

30%

30%

30%

GRAPH NO 4.11

Interpretation: From the above chart it can interpreted that most of the respondents are
agreed that integrated EPR system and increasing payment terms and others will reduce
payables expenses and increase payable efficiency. Hence it is observed that implementing
effective strategies will reduce the payable expenses and increase payable efficiency.
 12) Do you believe that effective receivable management helps the company to
increase its financial performance because it helps the company to bring in money
consistently?

PARTICULARS RESPONDENTS PERCENTAGE (%)

Strongly agree 5 10%

Disagree 5 10%

Agree 25 50%

Strongly disagree 15 30%

TOTAL 50 100%

Analysis: From the above table it can be analysed that 50% of the respondents are
agreeing and 10% of the respondents are strongly agreeing and 30% of the respondents are
strongly disagreeing and 10% of the respondents are disagreed that the effective
receivable management helps the company to increase its financial performance because it
helps the company to bring in money consistently.
 RESPONDENTS

25

20

15 RESPONDENTS

10

0
Strongly agree Disagree Agree Strongly disagree

GRAPH NO 4.12

Interpretation: From the above chart it can be interpreted that most of the respondents are
agree that the effective receivable management helps the company to increase its financial
performance because it helps the company to bring money consistently. Hence it is
observed that effective receivable management plays a very important role in financial
performance of the company.
 13) What is the primary cause of Nexus safety solutions' of improper accounts
payable management?
PARTICULARS NO OF RESPONDENTS PERCENTAGE (%)

Delay in payments 20 40%

Credit period 10 20%

Others 20 40%

TOTAL 50 100%

Analysis: From the above table it can be analysed that 40% of the respondents are agreed
that delay in payments and 20% of the respondents are agreeing that credit period and 40%
of the respondents are agreed that other option for the primary cause of Nexus safety
solutions' of improper accounts payable management.
 NO OF RESPONDENTS
25

20

15
NO OF RESPONDENTS

10

0
Delay in payments Credit period Others

GRAPH NO 4.13

Interpretation: From the above chart it can be interpreted that most of the respondents are
agreed for delay in payments and other option for the primary cause of Nexus safety
solutions' of improper accounts payable management. Hence it is observed that delay in
payments will effect the company’s performance .
 14) Do you think accounts payable and receivable effectively help in smooth
functioning of business?

PARTICULARS NO OF RESPONDENTS PERCENTAGE (%)

Strongly agree 45 90%

Strongly disagree 0 0%

Agree 5 10%

disagree 0 0%

TOTAL 50 100%

Analysis: From the above table it can be analysed that 90% of the respondents are strongly
agreeing and 10% of the respondents are disagreed that the accounts payable and
receivable effectively help in smooth functioning of business.
 NO OF RESPONDENTS
Strongly agree Strongly disagree Agree disagree

10%

90%

GRAPH NO 4.14

Interpretation: From the above chart it be can be interpreted that most of the respondents
are strongly agreeing that the accounts payable and receivable effectively help in smooth
functioning of business. Hence it is observed that accounts payable and receivable plays a
very importance role in smooth functioning of the business .
 15) From the perspective of accounts payable, what are the main issues that arise
between accounts payable and purchase?

PARTICULARS NO OF RESPONDENTS PERCENTAGE (%)

Missing information on purchase 10 20%

order

Missing information about 10 20%

discounts

Delays 10 20%

All of the above 20 40%

TOTAL 50 100%

Analysis: From the above table it can be analyzed that 100% of the respondents are
agreeing that Missing information on purchase order, Missing information about discounts
and delays are the main issues that arise between accounts payable and purchase.
 Missing information on purchase order Missing information about discounts
Delays All of the above

GRAPH NO 4.15
Interpretation: from the above chart it can be interpreted that all respondents are
agreeing that missing information on purchase and missing information about
discounts and delays are the main issues that arise between accounts payable and
purchase. Hence it is observed that the main issues in accounts payable and receivable
is missing information on purchase order.
 16) Does debt have an impact on the company financial performance?

PARTICULARS NO OF RESPONDENTS PERCENTAGE (%)

Yes 50 100

No 0 0%

TOTAL 50 100%

Analysis: From the above table it can be analysed that 100% respondents are agreed that
the debt have an impact on the company financial performance.
 NO OF RESPONDENTS
NO OF RESPONDENTS

50

Yes No

GRAPH NO 4.16

Interpretation: From the above chart it can be interpreted that almost all the respondents
are agreed that the debt have an impact on the company financial performance. Hence it is
observed that debts have negative impact on company’s financial performance .
 17) Does unearned revenue is classified as liability?

PARTICULARS NO OF RESPONDENTS PERCENTAGE (%)

Agree 35 70%

Disagree 15 30%

TOTAL 50 100%

Analysis: From the above table it can be analysed that 70% of the respondents are
agreeing and 30% of the respondents are disagreed that the unearned revenue is classified as
liability.
 NO OF RESPONDENTS
NO OF RESPONDENTS

15
Disagree

35
Agree

GRAPH NO 4.17

Interpretation: From the above chart it can be analysed that most of the respondents are
agreeing that the unearned revenue is classified as liability. Hence it is observed that revenue
plays a very important role in the organization.
 18) The payable system will have positive impact on company annual turnover?
PARTICULARS NO OF RESPONDENTS PERCENTAGE (%)

Strongly agree 15 30%

Strongly disagree 5 10%

Agree 25 50%

disagree 5 10%

TOTAL 50 100%

Analysis: from the above table it can be analysed that 50% of the respondents are agreeing
and 30% of the respondents are strongly agreeing and 10% of the respondents are disagreeing
and 10% of the respondents are strongly disagreed that the payable system will have positive
impact on company annual turnover.
 NO OF RESPONDENTS
NO OF RESPONDENTS

25

15

5 5

Strongly agree Strongly disagree Agree disagree

GRAPH NO 4.18

Interpretation: From the above chart it can be interpreted that most of the respondents are
agreeing and some of the respondents are disagreed that the payable system will have
positive impact on company annual turnover.
 19) Is a Credit Policy Beneficial to company's Receivables Management?

PARTICULARS NO OF RESPONDENTS PERCENTAGE (%)

Yes 40 80%

No 10 %20

TOTAL 50 100%

Analysis: From the above table it can be analysed that 80% of the respondents are aware and
20% of the respondents are not aware that the Credit Policy Beneficial to
company's Receivables Management.
 NO OF RESPONDENTS
Yes No

20%

80%

GRAPH NO 4.19

Interpretation: From the above chart it can be interpreted that the most of the respondents
are aware that the Credit Policy Beneficial to company's Receivables Management. Hence it is
observed that credit policy plays a very important role in the organization.
 20) Is it the goal of receivable management is to maximize the value of the firm by
achieving a trade-off between risk and profitability?

PARTICULARS NO OF RESPONDENTS PERCENTAGE (%)

Strongly agree 5 10%

Strongly disagree 0 0%

Agree 35 70%

disagree 10 20%

TOTAL 50 100%

Analysis: From the above table it can be analysed that 70% of the respondents are agreeing
and 10% of the respondents are strongly agreeing and 20% of the respondents are disagreed
that the goal of receivable management is to maximize the value of the firm by achieving a
trade-off between risk and profitability.
 NO OF RESPONDENTS
Strongly agree Strongly disagree Agree disagree

20%
10%

70%

GRAPH NO 4.20

Interpretation: From the above chart it can be interpreted that most of the respondents are
agreed and some of the employees are disagreed that the goal of receivable management is
to maximize the value of the firm by achieving a trade-off between risk and profitability.
It is observed that receivable management plays a important role for risk and profitability.
 21) Does the cash discount may also be offered for the early payment of dues?

PARTICULARS NO OF RESPONDENTS PERCENTAGE (%)

Yes 45 90%

No 5 10%

TOTAL 50 100%

Analysis: From the above table it can be analysed that 90% of the respondents are aware
and 10% of the respondents are not aware that the cash discount may also be offered for the
early payment of dues.
 NO OF RESPONDENTS
50
45
40
35
30
NO OF RESPONDENTS
25
20
15
10
5
0
Yes No

GRAPH NO 4.21

Interpretation: From the above chart it can be interpreted that the most of the respondents
are agreed that the cash discount may also be offered for the early payment of dues.

Hence it is observed that company is giving offers for the early payment of dues.
 22) Does the main purpose of factoring accounts receivable is to meet immediate cash
needs?

PARTICULARS NO OF RESPONDENTS PERCENTAGE (%)

Yes 45 90%

No 5 10%

TOTAL 50 100%

Analysis: From the above table it can be analysed that 90% of the respondents are agreed
and 10% of the respondents are disagreed that the main purpose of factoring accounts
receivable is to meet immediate cash needs.
 NO OF RESPONDENTS

45
40
35
30 NO OF RESPONDENTS

25
20
15
10
5
0
Yes No

GRAPH NO 4.21

Interpretation: From the above chart it can be interpreted that the most of the respondents
are agreed that the main purpose of factoring accounts receivable is to meet immediate cash
needs. Hence it is observed that accounts receivable will help the organization to improve
the financial performance.
 23) Do you think liabilities are decreased by losses and increased by profits ?

PARTICULARS NO OF RESPONDENTS PERCENTAGE (%)

Strongly agree 0 0%

Strongly disagree 5 10%

Agree 20 40%

Disagree 25 50%

TOTAL 50 100%

Analysis: From the above table it can be analysed that 50% of the respondents are
disagreeing and 40% of the respondents are agreeing and 10% of the respondents are strongly
disagreed that the liabilities are decreased by losses and increased by profits.
 NO OF RESPONDENTS

25

20

15 NO OF RESPONDENTS

10

0
Strongly agree Strongly Agree disagree
disagree

GRAPH NO 4.23
Interpretation: From the above chart it can be interpreted that the most of the
respondents are disagreed that the liabilities are decreased by losses and increased by
profits. Hence liabilities decreases profits and increases losses.
 24) Is it beneficial to have a Digital platform for receivable and payable?

PARTICULARS NO OF RESPONDENTS PERCENTAGE (%)

Yes 50 100%

No 0 0%

TOTAL 50 100%

Analysis: From the above table it can be analysed that 100% of the respondents are strongly
agreed that beneficial to have a Digital platform for accounts receivable and payable.
 NO OF RESPONDENTS

No

NO OF RESPONDENTS

Yes

0 10 20 30 40 50 60

GRAPH NO 4.24
Interpretation: From the above chart it can be interpreted that all respondents strongly
agree that beneficial to have a Digital platform for accounts receivable and payable. Hence
it observed that the digital platform is very beneficial for the organizations.
 25) Is it necessary for the credit policy system to be effective in terms of receivable
management?

PARTICULARS NO OF RESPONDENTS PERCENTAGE (%)

Yes 45 90%

No 5 10%

TOTAL 50 100%

Analysis: From the above table it can be analysed that 90% of the respondents are aware and
10% of the respondents are not aware of the necessary for the credit policy system to be
effective in terms of receivable management.
 NO OF RESPONDENTS
Yes No

10%

90%

GRAPH NO 4.25

Interpretation: From the above chart it can be interpreted that the most of the respondents
are aware that the necessary for the credit policy system to be effective in terms of
receivable management. Hence it is observed that credit policy plays a very important role
in receivable management.
 26) Which is the best option for accounts payable and receivable?

PARTICULARS

NO OF RESPONDENTS PERCENTAGE (%)

Online platform 50 100%

Offline platform 0 0

TOTAL 50 100

Analysis: From the above table it can be analysed that 100% of the respondents are agreed
that online platform is the best option for accounts payable and receivable.
 NO OF RESPONDENTS
Online platform Offline platform

100%

GRAPH NO 4.26

Interpretation: From the above chart it can be interpreted that all respondents agree that
online platform is the best option for accounts payable and receivable. Hence it is observed
that most of the organization managing the accounts in digital platform.
 27) If the finance department does not place a high priority on receivable management
it will have an impact on the company’s turnover?

PARTICULARS NO OF RESPONDENTS PERCENTAGE (%)

Strongly agree 25 50%

Strongly disagree 0 0%

Agree 20 40%

disagree 5 10%

TOTAL 50 100%

Analysis: From the above table it can be analysed that 50% of the respondents strongly
agreeing and 40% of the respondents are just agreeing and 10% of the respondents are
disagreed that the finance department does not place a high priority on receivable
management it will have an impact on the company’s turnover.
 NO OF RESPONDENTS

25

20

15 NO OF RESPONDENTS

10

0
Strongly agree Strongly Agree disagree
disagree

GRAPH NO 4.27

Interpretation: From the above chart it can be interpreted that most of the respondents
strongly agree that if the finance department does not place a high priority on receivable
management it will have an impact on the company’s turnover. Hence the company should
give priority to receivable management.
 28) Is financial accounting governed by both national and international standards?

PARTICULARS NO OF RESPONDENTS PERCENTAGE (%)

Yes 45 90%

No 5 10%

TOTAL 50 100%

Analysis: From the above table it can be analysed that 90% of the respondents are aware and 10%
of the respondents are not aware that the financial accounting governed by both national and
international standards.
 NO OF RESPONDENTS

45
40
35
30 NO OF RESPONDENTS
25
20
15
10
5
0
Yes No

GRAPH NO 4.28

Interpretation: From the above chart it can be analysed that most of the respondents are
aware that the financial accounting governed by both national and international standards.
Hence it is observed that accounting system plays a very important role in the organization.
 CHAPTER-05

FINDINGS:

 It is found that 80% of the respondents belong to age group of 18-30 and 20% of the
respondents belong to age group of 30-40.
 It is found that 70% of the respondents are male and 30% of the respondents are
female .

 It is found that 90% of the respondents have done graduation and 10% of the
respondents have done the post-graduation .
 It is found that 60% of the respondents are strongly agreeing and 40% of the
respondents are just agreeing that accounts payable and receivable management have
an impact on the firm’s liquidity.

 It is found that 100% of the respondents are aware that the effective credit policies
play an important role in receivable management.

 It is found that 20% of respondents are agreeing that EMI option will be reduce the
bad debt losses of the company and 20% of respondents are agreed that sending
invoices promptly will reduce the bad debt losses and 60% of respondents said that
other tools will reduce bad debt losses of nexus safety solutions private limited .
 It is found that 70% of respondents are agreed that reserve funds can manage
company accounts payable when there is a delay in receiving the payments and 10%
respondents are agreed that postponement of payments and 20% of respondent are
agreed in that others options .

 It is found that 100% of the respondents are agreed that cash management has an
impact on accounts payable and receivable management.
 It is found that 100% of the respondents are aware that the accounts payable and
receivable management assist the company in budgeting for the future projects.

 It is found that 60% of respondents are agreed that there is a positive impact and 40%
of respondents are not agreed that there is positive impact for receiving advance
payments and paying past-due bills affect the company's performance.

 It is found that 30% of respondents agreed that the integrated EPR system and 30%
respondents agreed that increasing payment terms and 30% respondents are agreed
other option and 10% respondents are agreed payment discounts to reduce payables
expenses and increase payable efficiency.

 It is found that 50% of the respondents are agreeing and 10% of the respondents are
strongly agreeing and 30% of the respondents are strongly disagreeing and 10% of
the respondents are disagreed that the effective receivable management helps the
company to increase its financial performance because it helps the company to bring
in money consistently.

 It is found that 40% of the respondents are agreed that delay in payments and 20% of
the respondents are agreeing that credit period and 40% of the respondents are agreed
that other option for the primary cause of Nexus safety solutions' of
improper accounts payable management.

 It is found that 90% of the respondents are strongly agreeing and 10% of the
respondents are disagreed that the accounts payable and receivable effectively help in
smooth functioning of business.

 It is found that 100% of the respondents are agreeing that Missing information on
purchase order, Missing information about discounts and delays are the main issues
that arise between accounts payable and purchase.
 It is found that 100% respondents are agreed that the debt have an impact on the
company financial performance.

 It is found that 70% of the respondents are agreeing and 30% of the respondents are
disagreed that the unearned revenue is classified as liability.
 It is found that 50% of the respondents are agreeing and 30% of the respondents are
strongly agreeing and 10% of the respondents are disagreeing and 10% of the
respondents are strongly disagreed that the payable system will have positive impact
on company annual turnover.

 It is found that 80% of the respondents are aware and 20% of the respondents are not
aware that the Credit Policy Beneficial to company's Receivables Management.
 It is found that 70% of the respondents are agreeing and 10% of the respondents are
strongly agreeing and 20% of the respondents are disagreed that the goal of receivable
management is to maximize the value of the firm by achieving a trade-off between
risk and profitability.

 It is found that 90% of the respondents are aware and 10% of the respondents are not
aware that the cash discount may also be offered for the early payment of dues.
 It is found that 90% of the respondents are agreed and 10% of the respondents are
disagreed that the main purpose of factoring accounts receivable is to meet
immediate cash needs.
 It is found that 50% of the respondents are disagreeing and 40% of the respondents
are agreeing and 10% of the respondents are strongly disagreed that the liabilities are
decreased by losses and increased by profits.

 It is found that 100% of the respondents are strongly agreed that beneficial to have a
Digital platform for accounts receivable and payable.

 It is found that 90% of the respondents are aware and 10% of the respondents are not
aware of the necessary for the credit policy system to be effective in terms of
 receivable management.
 It is found that 100% of the respondents are agreed that online platform is the best
option for accounts payable and receivable.

 It is found that 50% of the respondents strongly agreeing and 40% of the respondents
are just agreeing and 10% of the respondents are disagreed that the finance
department does not place a high priority on receivable management it will have an
impact on the company’s turnover.

 It is found that 90% of the respondents are aware and 10% of the respondents are not
aware that the financial accounting governed by both national and international
standards.
 SUGGESTIONS:
As the company is operating in very active manner but I would like to provide with few
suggestions for the further improvement of the performances which is as follows:

 As IFRS are conversed with Indian GAAP , the company should focus on the
development of the accounting department particularly receivables and payables
which is the core concept of the study.
 To recruit the accounting and finance staff according to the requirement of accounting
and finance department for excellent and effective services in maintaining the books
of accounts for further operations of the company to assist the top management to take
up the managerial and functional decisions for the financial year for smooth operation
of the business.
 The company should focus on implementing new accounting strategies for effective
and systematic applications of IFRS with Accounting standards of India
 To educate their staff about the new standards of accounting for upgrading the
preparation and presentation of the financial statements for the top level management
for taking decisions for future business of the company
 To correct the loopholes and weaknesses of the process of maintaining accounts
receivables and payables of the company
 To detect the errors and misappropriation of the entries in the books of accounts
 The company should observe the performance of account receivables and payable on
time to avoid unnecessary risk involved in the maintenance of improper preparation of
the financial statements
 The company should adopt proper strategies for collection of loans and maintaining
the proper account of repayment of the loan for transparency of the business position
in the market
 The company should acquire on time information regarding accounts receivables and
payables of the entity to avoid unnecessary over entering the entries in the books of
accounts
 The company if dealing with international business should also focus on collecting
 proper business information regarding the position, performance of the business in the
international market, should also maintain the separate books of accounts for knowing
the operations of the company in the international market.
 The company should also provide proper training and development programs for their
employees to develop their skills and utilizes the talents of the creative and innovative
knowledge of the employees for the betterment of both company as well as
employees.
 Firstly the company should set up some restrictive credit standards, credit terms and credit
policy regarding the credit to its any type of customer.
 The company has to first analyze the credit worthiness of its customers before giving credit
facilities.
CONCLUSIONS:

As observed above, the company is actively involved in maintaining preparing and

presenting the financial statements for their top level management time to time and
has also focused on applying accounting standards in their maintaining of books of
accounts which is very beneficial for the entity to take decisions on time which is very
vital for the development and growth of every business. It has also implementing new
process and strategies to assist the accountants to improve their services towards
entity for the betterment of the business.
Thus, it is studied that NEXUS SAFETY SOLUTIONS are doing excellent services
towards the overall development of the business in the market.