INDUSTRIAL TRAINING AT EMERSON GLOBAL TECHNOLOGY

INTERNSHIP REPORT

Submitted in partial fulfilment of the requirements for the award of the degree of
BACHALOR OF COMMERCE

At the Bharathiar University

By
R.PRAVIN KUMAR

(Reg. S.No.: 221CO138)

Under the Guidance of

Dr.M.R.CHANDRASEKAR
M.Com., MBA., M.Phil., P.G.D.C.A.,Ph.D.

Assistant Professor
DEPARTMENT OF COMMERCE

Dr. N.G.P. ARTS AND SCIENCE COLLEGE

(An Autonomous Institution, Affiliated to Bharathiar University, Coimbatore)
Approved by Government of Tamil Nadu &Accredited by NAAC with A++ Grade (3rd Cycle -3.64 CGPA)
Dr. N.G.P.-Kalapatti Road, Coimbatore-641 048, Tamil Nadu, India.
Website: www.drngpasc.ac.in | Email: info@drngpasc.ac.in. | Phone: +91-422-2369100

NOVEMBER - 2024
DECLARATION
 DECLARATION

M r. R. P RA V IN K UM AR ( R eg. NO. 2 21 CO 138 ) her e b y de c la r e t hat t he

industrial training report entitled " INDUSTRIAL TRAINING AT EMERSON"

submit t ed in part ial fulfilment of t he requirement for t he award of t he degree of

B a c h e l o r o f Co m m e rc e a t B h a ra t h i a r U n i v e rs i t y is a r e c o r d o f o r ig i na l

work done during the period of industrial training under the supervision and guidance

o f D r . M . R. CH AN DR AS EK A R M . Com . , M B A. , M . P hi l . , P. G. D. C. A. , Ph. D .

Assistant Professor, Depart ment of Commerce, Dr. N. G. P. Arts and Science

College,Coimbatore-48, and it has not formed on the basis of award of any Degree/

Diplo ma/Associate/ Fellowship or other similar title to any candidate of any university.

Mr.R.PRAVIN KUMAR
(Reg.No. 221CO138)

Place: Coimbatore
Date:
CERTIFICATE
 CERTIFICATE

This is to certify that the internship report entitled "INTERNSHIP TRAINING

A T E M E RS O N " s u b mit t e d i n p a r t ia l fu l f i l l me nt o f t he r e q u i r e me nt fo r t he

award of the degree of Bachelor of Commerce at Bharathiar University is a record of

original work done by Mr. R. PRAVIN KUMAR ( Reg. No. 211CO138) during the

period (2021-2024) of his study in Department of Commerce, Dr. N.G. P. Arts and

S ci en ce Col lege, Coi mbat ore - 48 und e r my super vis io n a nd gu ida nce, and t he

internshipreport hasnot formedt hebasisfort heawardofan y

Degree/Diploma/Associate/ Fellowship or other similar t it le to any candidate of any

university.

(Dr.M.R.CHANDRASEKAR) (Dr.D.PARASAKTHI) (Dr.K.RAMAMURTHI)

Project Guide Professor and Head Principal

Place: Coimbatore
Date:

Viva-Voce Examination held on ………………….

Internal Examiner External Examiner

ACKNOWLEDGMENT
 ACKNOWLEDGEMENT
This industrial training report was the most significant accomplishment in my life and it would not
have been possible without the blessing of God almighty and those who supported and believed in my
caliber.

I record my deep sense of gratitude and sincere thanks to Dr. NALLA. G. PALANISWAMI,
M.D., AB (USA), Chairman, Dr. N.G.P Research and Educational Trust (DRNGPRET) and Dr.
THAVAMANI D. PALANISWAMI, ML.D., AB (USA) FAAP., Secretary, Dr. N.G.P. Arts and
Science College, Coimbatore for providing mean opportunity to carry out industrial training
successfully.

I record my sincere thanks to Prof. Dr. K. RAMAMURTHI, M.COM. B.L, M.B.A., Ph.D.
Principal, Dr. N.G.P. Arts and Science College, Coimbatore, for every help he rendered before and
during the period of industrial.

I express my sincere thanks to Dr. D. PARASAKTHI, M.Com. M.Phil., PGDCA., M.C.A..

LL.B., Ph.D., Professor and Head, Department of Commerce. Dr. N.G.P. Arts and Science College,
Coimbatore for showing sustained interest and providing help throughout the period of this work.

I would like to extend the sincere thanks to my guide Dr.M.R.CHANDRASEKAR M.Com.,

MBA., M.Phil., P.G.D.C.A.,Ph.D.Assistant Professor, Department of Commerce, Dr. N.G.P. Arts and
Science College.Coimbatore for his exemplary guidance and encouragement I owe my sincere thanks to
all members of staff, Department of Commerce for their constant inspiration, assistance and resourceful
guidance for the completion of this industrial training successfully.

I record my deep sense of gratitude to EMERSON, for providing me an opportunity to carry out
industrial training in their organization and helped me to gain practical exposure towards the industry.

I express our sincere thanks to our family and friends for their encouragement, love, prayer, moral
support, advice and sacrifice without which we would not have been able to pursue the course of this
study.

Mr. R. PRAVIN KUMAR

(Reg.No.221CO138)
CONTENT
 CONTENT

CHAPTER CHAPTER PAGE NO

NO

1 INTRODUCTION 1

2 COMPANY PROFILE 3

3 ORGANISATION CHART 4

4 DEPARTMENTS AND ITS FUNCTIONS 5

5 CONCLUSION 10
INTRODUCTION
 CHAPTER - 1

INTRODUCTION:
"Emerson is a global technology and engineering leader that designs and
manufactures innovative solutions for the world's most critical industries. With a history dating back to
1890, Emerson has evolved into a $15 billion company with over 300 manufacturing locations
worldwide. Their expertise spans across various sectors, including:

 Automation Solutions
 Commercial & Residential Solutions
 Industrial Solutions
 Power & Water Solutions

Emerson's commitment to innovation, customer satisfaction, and sustainability has

earned them numerous awards and recognition. Their solutions empower industries to optimize
performance, reduce energy consumption, and improve overall efficiency.

VISION:

A well-defined and forward-thinking outlook for any department plays a crucial role in
driving its success. It serves as a guiding framework, outlining a commitment to excellence, efficiency,
and innovation. This perspective focuses on long-term value creation, ensuring that every action taken
aligns with broader organizational goals. It emphasizes not only financial leadership but also the
optimization of processes, risk management, and regulatory compliance. By leveraging advanced
technologies and data-driven strategies, the department can make informed decisions that benefit all
stakeholders. Additionally, this vision nurtures a culture of continuous growth and adaptability, fostering
an environment where team members are empowered to evolve and contribute meaningfully to both
operational success and future advancements.

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 MISSION:

A clear and aspirational perspective serves as a fundamental driver for success,

shaping the direction and purpose of a department. It embodies a long-term commitment to excellence,
aiming to balance strategic leadership with operational efficiency. This outlook emphasizes the
importance of aligning with broader objectives, ensuring that actions contribute to sustainable growth
and value creation. It also highlights the need for robust risk management, fostering resilience in the face
of challenges. By embracing innovation and leveraging cutting-edge tools, the department is equipped to
make informed, data-driven decisions. Additionally, it nurtures a culture of continuous learning and
development, empowering individuals to grow professionally while contributing to the overall mission.
This dynamic vision ensures adaptability in a constantly evolving environment, maintaining a focus on
future success and integrity.

OBJECTIVES:

 Ensure accurate and timely financial reporting while adhering to regulatory and legal
standards.
 Incorporate sustainability into financial strategies and foster the use of innovative technologies.
 Enhance value for stakeholders by maintaining financial health and driving long-term growth.
 Promote continuous professional development to build a skilled, adaptable finance team. 
 Optimize resource allocation and manage costs to maximize profitability and operational
efficiency.
 Identify, assess, and mitigate financial risks to protect the company’s assets and financial
stability.
 Provide data-driven insights and analysis to support strategic decision-making and business
growth.

2
COMPANY PROFILE
 CHAPTER-2
COMPANY PROFILE:

Company name EMERSON

Year of establishment 1890

Fisher Chennai Engineering Center , Unit No. 2,3 & 5, Sixth

Address floor, International Technology Park, CSIR Road,
Taramani, Chennai - 600113.

Phone number 9940036343

GSTIN 33AAACF0483F1Z3

CITY Chennai

Country India

Pin Code 600113

Wheather listed or not Listed

Year of Incorporation 1890

3
ORGANISATIONAL CHART
 CHAPTER- 3

ORGANISATIONAL CHART:

4
DEPARTMENT
 CHAPTER- 4

DEPARTMENTS AND ITS FUNCTIONS

Finance :

1. Financial Planning & Analysis (FP&A):

 Responsible for creating financial models and forecasts to drive business decisions
 Develops and manages budgets, financial reports, and analysis
 Collaborates with business leaders to identify areas for cost optimization and revenue
growth.

2. Accounting:
 Manages general ledger maintenance, accounts payable, and accounts receivable
 Ensures accurate financial statement preparation and compliance with accounting standards
 Responsible for account reconciliations and financial data analysis

3. Treasury:
 Oversees cash management, funding, and risk management strategies
 Manages relationships with banks and financial institutions
 Ensures optimal liquidity and mitigates financial risks

4. Tax:
 Handles tax planning, compliance, and reporting for the company
 Ensures adherence to tax laws and regulations
 Identifies opportunities for tax savings and optimization

5. Audit:
 Coordinates internal and external audits to ensure financial accuracy and compliance
 Collaborates with auditors to address findings and implement recommendations
 Develops and implements internal controls and process improvements

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6. Financial Systems:
 Supports financial software and systems, such as ERP (Enterprise Resource Planning) and
financial planning tools
 Ensures data integrity and system security
 Collaborates with IT to develop and implement financial system enhancements

7. Procurement:
 Manages purchasing, sourcing, and supply chain activities
 Develops and implements procurement strategies to optimize costs and efficiency
 Ensures compliance with company policies and regulatory requirements

8. Administrative Services:
 Provides support for human resources, facilities, and general administrative tasks
 Ensures efficient operation of administrative functions
 Collaborates with other departments to support business needs

6
ADMINISTRATION:
1. Coordination and Support:
 Administration serves as the central hub for communication among different
departments, such as finance, human resources, and operations.
 By facilitating inter-departmental collaboration, administration helps ensure that all
teams are aligned with corporate objectives and that information flows smoothly across
the organization.
 This coordination is vital for responding to market changes, implementing new
initiatives, and fostering a unified company culture.

1. Policy Implementation:
 Administration is responsible for the development and enforcement of company
policies and procedures.
 This includes ensuring compliance with local, national, and international regulations,
which is particularly important for a global company like Emerson.
 By establishing clear guidelines and protocols, administration helps minimize risks and
maintain operational integrity, thereby supporting the company's reputation and
sustainability.

2. Resource Management:
 Efficient resource allocation is a key function of administration.
 This includes managing office supplies, technological tools, and human capital to
optimize productivity. The administration conducts regular assessments of resource
needs, forecasts future requirements, and ensures that all departments have the
necessary tools to operate effectively.

3. Facilities Management:
 The administration oversees the maintenance and management of office spaces and
infrastructure.
 This includes ensuring that work environments are safe, functional, and conducive to
productivity. Administration is also responsible for implementing safety protocols,
maintaining equipment, and managing contracts with service providers for facility
maintenance.
7
4. Executive Support:
 Providing administrative support to executives and leadership teams is another critical
role.
 This may involve organizing meetings, preparing reports, and managing schedules to
facilitate strategic decision-making.
 By ensuring that leaders have access to the information and resources they need,
administration plays a vital role in driving the company's strategic initiatives forward.

5. Risk and Compliance:

 The administration is tasked with identifying potential risks that may affect the
organization and ensuring that compliance measures are in place.
 This includes monitoring changes in regulations, conducting audits, and implementing
best practices to safeguard the company’s assets and reputation.
 A strong compliance framework helps protect Emerson from legal issues and enhances
stakeholder trust.

6. Process Improvement:
 Continuous improvement is a core principle of effective administration.
 The team regularly evaluates existing processes to identify inefficiencies and
implement enhancements.
 This may involve adopting new technologies, streamlining workflows, and fostering a
culture of innovation.
 By focusing on process improvement, administration contributes to greater operational
efficiency and helps the company adapt to changing market conditions.

8
Some specific roles within the F&A department at Emerson Company might include:

 Financial Analyst: Supports financial planning, analysis, and reporting.

 Accountant: Responsible for accounting operations, financial statement preparation, and

compliance.

 FP&A Analyst: Develops financial models and forecasts to drive business decisions.

 Treasury Analyst: Manages cash management, funding, and risk management strategies.

 Tax Accountant: Handles tax planning, compliance, and reporting.

 Auditor: Coordinates internal and external audits and develops internal controls.

 Financial Systems Analyst: Supports financial software and systems.

 Procurement Specialist: Manages purchasing, sourcing, and supply chain activities.

 Administrative Assistant: Provides administrative support to the F&A team.

9
CONCLUSION
Conclusion:

Upon completing my 30-day internship in the Finance and Administration department at

Emerson Company, I gained invaluable insights and hands-on experience in the financial and
administrative operations of a global technology leader. Through my internship, I had the opportunity
to work closely with the F&A team and contribute to various projects, including financial planning,
accounting, and procurement.Throughout my internship, I developed a deeper understanding of
Emerson's financial management practices, including budgeting, forecasting, and financial reporting. I
also gained experience with financial software and systems, such as ERP and financial planning tools.
Additionally, I had the chance to observe and learn from experienced professionals in the field,
expanding my knowledge of financial analysis, tax planning, and audit procedures.

Overall, my internship experience at Emerson Company was incredibly rewarding and

provided me with a solid foundation in finance and administration. I am grateful for the opportunity to
have worked with such a talented and dedicated team and look forward to applying the skills and
knowledge I gained in my future career.

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