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ACCOUNTS PAYABLE AT
TATA CUMMINS PRIVATE LIMITED
Presented by :
ANKUR MITRA
BBA+MBA 4th Year
BBD University
INTRODUCTION
Overdue :
Overdue is loans, bills of exchange, and other
obligations remaining unpaid past their due (or
maturity) date. All financial arrangements
become overdue one business day after
their due date.
Account Payable :
Account Payable is money owed by a business
to its suppliers shown as a liability on a
company's balancesheet. It is distinct
from notes payable liabilities, which are debts
created by formal legal instrument documents.
COMPANY PROFILE
Tata Cummins Private Limited is a 50-50 joint venture between Tata motors limited,
INDIA and Cummins inc., USA.
The entity manufactures high performance, reliable and durable mid-range (B&L)
engines in the 75 to 400 HP range
Established in the year 1994, the company started its operations with its state-of-
the-art facility at the steel city of Jamshedpur
CONTINUE…
The plant has 828 employees consisting of 152 staffs at managerial levels and 626
at associate’s level.
Functional Units of company are : Shop Operation
Human Resource
Information Technology
Finance
Product Engineering
Customer Engineering
Materials
Engineering
Quality
After Market
CONTINUE..
OVERVIEW OF ENGINE’S
L series
REVIEW OF LITERATURE
Accounts Payable Survey: The Impact of
Invoice Automation on Financial
Performance of ‘ PROACTIS : The spend
control company’.
Pvt Ltd
To ascertain the different hold reasons for which the payments have
Overdue can also help in earning in the form of interest. Like, Sometimes vendor need to pay
high amount, then company delay in payment and on due amount company can earn interest
from bank.
At the time of contract, vendor should provide complete bank details with documents, which
helps accounts departments for payment on time. And if there some changes in vendor banks
accounts then it’s must be updated.
For the payment procedure the account department must have original and duplicate of
invoice. And if it’s not there, then they must inform to the respective department.
Overdue in accounts payable should not exceed the time limit because it will create negative
impact on vendor of company.
REFERENCES
BOOKS
By C R Kothari, Research Methodology Modules & Technique (Second Revised Edition),New age
international publisher.
Maheshwari S.N & Maheshwari S.K, an Introduction to Accountancy, Vikas Publication.
Pandey IM, Financial Management, Vikas Publishing house, Revised ED.,2003.
Naresh Malhotra, Market Research, Pearson Education.
WEBSITES:
www.accountingcoach.com
www.cumminsindia.com
https://www.enotes.com/research-starters/accounts-receivable-inventories article retrieved on
20 june 2018.
Onwumere, J. U. J., Ibe, I. G., & Ugbam, O. C. (2012). The impact of working capital management
on profitability of Nigerian firms: A preliminary investigation. European Journal of Business and
management, 4(15), 192-201.
Motwani, J., Subramanian, R., & Gopalakrishna, P. (2005). Critical factors for successful ERP
implementation: Exploratory findings from four case studies. Computers in Industry, 56(6), 529-
544.
Strategies for optimizing your accounts payable delloite article retrived on 24 june 2018