Professional Documents
Culture Documents
Specialization:
Hina Ahmad ROLL # REG # H # .. St # . Shalimar Garden Baghban pura , LAHORE. MOB # Submission Date: 19-04-2012
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DEDICATION
This Report is dedicated to my loving parents. Without their knowledge, wisdom, and
guidance, I would not have the goals I have to strive and be the best to reach my dreams.
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I particularly appeal to our intelligentsia and Muslim students to come forward and rise to the occasion. You have performed wonders in the past. You are still capable of repeating the history. You are not lacking in the great qualities and virtues in comparison with the other nations. Only you have to be fully conscious of that fact and to act with courage, faith and unity. (Message to Pakistan Day, issued from Delhi March 23, 1943)
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Acknowledgements
In the name of Allah, the most Gracious, the most Merciful Writing an internship report appeared to be a great experience to me. It added a lot to my knowledge while I was working on this report. If I say that this report is one of my great experiences in student life, then it would not be wrong. Completion of internship report is not an easy task. It requires continuous hard work and zeal. Completion of this report would have not been possible without the support of all staff members at the bank, my respected teachers, my friends and my well wishers. I would like to mention that Mr. Khalid Javaid Mughal, who is working as BDO at the branch, has been very kind and supportive throughout my stay at the branch. I would like to pay my gratitude to my teacher Rashid CH, Punjab computer College Lahore. Who provided me guidance; with their guidance and assistance I completed my report. Last but not the least I would like to thank my parents who provided me love, support, patience & good knowledge. May Allah Showered His countless Blessings upon Us
Hina Ahmad
Executive Summary
Askaribank Limited is one of the leading bank of Pakistan. Total assets of Askaribank in 2010 is 314,780,129, profit after taxation 943 million. In addition to the convenience of over 235 branches serving its customers throughout the country. This report contains the information and learning about Askaribank Limited, which I learnt during the six weeks internship period in Askaribank limited. This report deals with History & Nature (Business) of the Askaribank Limited, its Products and Services, information about main offices and also the review of various departments of the Bank. This report also contains Finance & Accounting operations of the Askaribank Limited, role of Financial Manager (Branch Manager), Use of Electronic Data in core decision making and the Sources, Generation and Allocation of funds used in the banking operations of the Askaribank Limited. At the end of this report, on basis of my observation during internship, financial analysis of Askaribank Limited is provided. Recommendations are also given as per learning from analysis. This report will provide a better and brief learning about Askaribank Limited.
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Table of Contents
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III
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MANAGEMENT HIERARCHY
REPOTING LINE
1.4 EMPLOYEE CADRE 1.4.1 1.4.2 1.4.3 1.4.4 1.4.5 BOARD OF DIRECTORS COMPANY SECRETARY AUDIT COMMITTEE AUDITORS LEGAL ADVISOR
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1.5 PRODUCT LINES 1.5.1 1.5.2 1.5.3 1.5.4 2 DEPOSIT PRODUCTS CONSUMER FINANCING OFFSHORE BANKING SERVICES AGRICULTURAL PRODUCTS
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DEPARTMENTS OF ASKARIBANK
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STRUCTURE AND FUNCTION OF THE ACCOUNTS / FINANCE & AUDIT DEPARTMENT 3.1 3.2 ORGANIZATIONAL CHART (FINANCE DEPARTMENT) MY LEARNING AS AN INTERNEE viii 39 36 37
3.3 FINANCE & ACCOUNTING OPERATIONS 3.4 THE ROLE OF FINANCIAL MANGER 3.4.1 3.4.2 3.4.3 3.5 3.6 3.7 3.8 ACCOUNTS MANAGEMENT CASH MANAGEMENT CREDIT MANAGEMENT
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USE OF ELECTRONIC DATA IN DECISION MAKING SOURCES OF FUNDS GENERATION OF FUNDS ALLOCATION OF FUNDS
4 CRITICAL ANALYSIS OF THE THEORITCAL CONCEPT 4.1 FINANCIAL ANALYSIS 4.1.1 4.1.5 RATIO ANALYSIS HORIZONTAL ANALYSIS 4.1.2.1.1 BALANCE SHEET 4.1.2.1.2 PROFIT & LOSS ACCOUNT 4.1.3 VERTICAL ANALYSIS 4.1.3.1.1 BALANCE SHEET 4.1.3.1.2 PROFIT & LOSS ACCOUNT 4.2 4.3 ORGANIZATIONAL ANALYSIS FUTURE PROSPECTS OF THE ORGANIZATION
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