PROJECT PROPOSAL

A Proposal Submitted for Partial Fulfilment of the Requirements for

the Award of the Degree of

BACHELOR OF BUSINESS ADMINISTRATION (BBA)

“A STUDY ON ACCOUNTING PRACTICES AND THE ROLE OF

THE ACCOUNTS DEPARTMENT IN OM INDUSTRIES”

SUBMITTED TO:

Vivekananda College of computer science & management

Affiliated to

Saurashtra University

SUBMITTED BY:

Agravat Priyanshu S.

Enrolment No. :

23BM001UG03302

SEM: 6

Year:2025-2026

GUIDED BY:

Prof. Surbhi Jobanputra I/C Principal – Parag Zala

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 GUIDE CERTIFICATE
This is to certify that Mr. Agravat Priyanshu S. bearing Enrollment
23BM001UG3302 is a student of BBA – 6th Semester(Finance Group) of
VIVEKANANANDA COLLAGE COMPUTER SCIENCE AND
MANAGEMENT.

He has successfully completed the internship-based project report titled:

“ A STUDY ON ACCOUNTING PRACTICES AND THE ROLE OF

THE ACCOUNTS DEPARTMENT”

under my guidance and supervision. This project work is based on the

internship undertaken at OM INDUSTRIES and is an original work
carried out for partial fulfilment of the requirements for the award of the
degree of Bachelor of Business Administration (BBA – Finance).

To the best of my knowledge, this project has not been submitted earlier
to any other university or institution for the award of any degree or
diploma. The work is found to be satisfactory and is recommended for
evaluation.

Name of the Project Guide:

SURBHI JOBANPUTRA
Designation:

PROFESSOR
College / Institute Name:

VIVEKANANANDA COLLAGE COMPUTER SCIENCE AND

MANAGEMENT

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Signature of the Guide:

Date:

College Seal

Company letter head

Issued on: ......................ID No.: ........................

Internshipcompletion certificate
This is to certify that Ms. / Mr.
______________________________________ D/o, W/o, S/o
________________________________________ has successfully
completed the job / internship/ Apprenticeship training course with grade
_______________________________ for ____________________
(Course name) conducted by ____________________ (Company name)
facilitated by _____________________________ (Institution name) from
____________________ (DD/MM/YY) to ____________________
(DD/MM/YY) at ____________________(Name of company, address).

Certified by:
(Company name)
Sign and seal
(Designation)

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Grading for performance is as follows:
Grade O- Outstanding
Grade A+ Excellent
Grade A- Very good
Grade B+ Good

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DECLARATION

I, Mr. Agravat Priyanshu S. bearing Enrollment No. 23BM001UG3302 a

student of BBA – 6th Semester (Finance Group) of VIVEKANANANDA
COLLAGE COMPUTER SCIENCE AND MANAGEMENT

hereby declare that the internship-based project report titled:

“ACCOUNTING PRACTICES AND THE ROLE OF THE

ACCOUNTS DEPARTMENT”

Is my original work carried out under the guidance of SURBHI

JOBANPUTRA
. This project is based on the internship undertaken at OM INDUSTRIES
and has been prepared for partial fulfilment of the requirements for the
award of the degree of Bachelor of Business Administration (BBA –
Finance).

I further declare that this project report has not been submitted previously,
either in part or full, to any other university or institution for the award of
any degree or diploma. All the information, data, and analysis presented
in this report are true to the best of my knowledge and are strictly for
academic purposes. Wherever the work of others has been referred to, it
has been duly acknowledged.

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 ACKNOWLEDGMENT

I express my sincere gratitude to VIVEKANANANDA COLLAGE

COMPUTER SCIENCE AND MANAGEMENT

for providing me the opportunity to undertake this internship-based

project as a part of the BBA – 6th Semester (Finance Group) curriculum.

I am extremely thankful to SURBHI JOBANPUTRA for his/her valuable

guidance, constant support, and encouragement throughout the
completion of this project. Her constructive suggestions and academic
inputs helped me in successfully completing this project work.

I would like to express my deep sense of gratitude to OM INDUSTRIES

for giving me the opportunity to undergo my internship and for providing
the necessary support, guidance, and learning environment during the
internship period.

I am also thankful to all the faculty members of the Department of

Management for their guidance and cooperation. I would like to
acknowledge my sincere thanks to my friends and classmates for their
support and motivation.

Finally, I express my heartfelt gratitude to my parents and family

members for their continuous encouragement and moral support
throughout my academic journey.

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 PREFACE

The project report is an integral part of the Bachelor of Business

Administration (BBA) – 6th Semester (Finance Group) curriculum and is
aimed at providing practical exposure to students through internship-
based learning. This project has been undertaken as a partial fulfilment of
the requirements of the BBA programme.

The present project report is based on the internship completed at OM

INDUSTRIES, a organization, where the emphasis was on understanding
the practical aspects of finance and accounting functions within an
industrial environment. The project has been designed to bridge the gap
between theoretical concepts studied in the classroom and their practical
application in the organization.

Through this project, an attempt has been made to gain insights into the
working of the finance department, including areas such as basic
accounting practices, documentation, cost-related processes, inventory
management, and financial procedures followed in the organization. Due
to confidentiality policies of the organization, actual financial data has
not been disclosed, and assumed data has been used wherever necessary
strictly for academic purposes.

This project report is prepared in a systematic manner as per university

guidelines and is expected to serve as a learning experience that enhances
practical knowledge, analytical ability, and professional understanding of
finance-related activities in asetup.

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 INDEX
[Link] PARTICULARS PG.
NO.

Chapter 1: Introduction
1.1 Introduction to the Study
1.2 Objectives of the Study
1.3 Scope of the Study
1.4 Importance of the Study

Chapter 2: Industry & Organization Profile

2.1 Industry Overview

2.2 Profile of the Organization
2.3 Organizational Structure

2.4 Finance & Accounts Department Overview

2.5 Functions of the Finance Department

Chapter 3: Internship Details & Work Profile

3.1 Duration and Place of Internship

3.2 Department Allotted during Internship

3.3 Nature of Work Assigned

3.4 Finance-Related Activities Performed

3.5 Learning Experience during Internship

Chapter 4: Review of Literature

4.1 Conceptual Framework of the Study

4.2 Review of Related Studies

Chapter 5: Research Methodology

5.1 Statement of the Problem

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5.2 Research Design
5.3 Sources of Data
5.4 Data Collection Methods
5.5 Tools & Techniques of Analysis
5.6 Limitations of the Study

Chapter 6: Statistical Analysis &Data

Interpretation

6.1 Introduction to Analysis

6.2 Analysis of Data (Process-based / Assumed Data)

Chapter 7: Findings, Suggestions & Conclusion

7.1 Major Findings

7.2 Suggestions / Recommendations
7.3 Conclusion

Bibliography
Appendix

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 Chapter 1: Introduction

1.1 Introduction to the Study

1.2 Objectives of the Study

1.3 Scope of the Study

1.4 Importance of the Study

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UNIT – 1
INTRODUCTION OF THE STUDY

1.1 Introduction to the Study

Accounting is one of the most important functions of any business

organization. It helps in recording financial transactions and provides
useful financial information to management for proper planning, control,
and decision-making. In manufacturing organizations, accounting plays a
very important role because of large-scale production activities, inventory
handling, cost control, and legal compliance.

OM Industries is a manufacturing company engaged in the production of

fire appliances and fire safety equipment. The company performs
various activities such as purchase of raw materials, manufacturing of fire
appliances, quality checking, storage, sales, and distribution. All these
activities involve financial transactions that need to be recorded
accurately and systematically.

The Accounts Department of OM Industries is responsible for

maintaining proper financial records and ensuring financial discipline in
the organization. The department provides necessary financial
information to management for effective planning, budgeting, and
performance evaluation.

This study has been carried out as a part of the BBA internship
program. The main purpose of the study is to understand the accounting
practices followed at OM Industries and to study the role of the
Accounts Department in a fire appliance manufacturing organization.
The study also helps the student to gain practical knowledge of
accounting procedures and understand how theoretical concepts learned
in the classroom are applied in actual business situations.

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Diagram 1: Major Activities of OM Industries

Purchase of Raw Material

↓
Manufacturing
↓
Quality Checking
↓
Storage
↓
Sales
↓
Distribution

1.2 Objectives of the Study

The objectives of the study explain the purpose for which the internship
project has been undertaken. The present study aims to understand the
accounting practices and the functioning of the Accounts Department in
OM Industries.

The main objectives of the study are as follows:

1. To study the accounting practices followed at OM Industries.

2. To understand the functioning of the Accounts Department in a fire
appliance manufacturing company.
3. To analyze the role of the Accounts Department in maintaining
financial records and internal control.
4. To gain practical exposure to day-to-day accounting activities such
as voucher preparation, ledger posting, and billing.
5. To understand accounting procedures related to purchase,
production, and sales of fire appliances.
6. To study the role of accounting in cost control and inventory
management.
7. To understand how accounting information helps management in
decision-making.
8. To relate theoretical knowledge gained during the BBA course
with practical accounting work.

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Diagram 2: Objectives of the Study
Study of Accounting Practices
↓
Understanding Accounts Department
↓
Practical Accounting Exposure
↓
Support to Management Decisions

1.3 Scope of the Study

The scope of the study defines the area and coverage of the internship
project. The present study is limited to the Accounts Department of OM
Industries, which is engaged in the manufacturing of fire appliances and
fire safety equipment.

The scope of the study includes the following points:

1. The study covers accounting practices followed in OM Industries.

2. It focuses on the structure and functions of the Accounts
Department.
3. The study includes observation of accounting procedures related to
purchase, sales, and expenses.
4. It covers basic aspects of cost accounting and inventory accounting
related to manufacturing activities.
5. The study includes an overview of GST and statutory compliance
handled by the Accounts Department.
6. The study is based on information and records available during the
internship period.
7. The scope of the study is limited to internal accounting activities
and does not include external audit or confidential financial data.

Diagram 3: Scope of the Study

Accounts Department
↓
Accounting Practices
↓
Cost & Inventory Accounting
↓
GST & Statutory Compliance

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1.4 Importance of the Study

The importance of the study explains how the internship project is useful
for students, the organization, and academic learning. The study on
accounting practices and the role of the Accounts Department in OM
Industries is important for the following reasons:

1. Practical Exposure:
The study provides real-life exposure to accounting practices
followed in a fire appliance manufacturing organization and helps
in understanding practical accounting work.
2. Understanding of Industrial Accounting:
It helps in understanding accounting procedures related to purchase
of raw materials, production costs, inventory management, and
sales of fire appliances.
3. Knowledge of Accounts Department Functions:
The study gives clear knowledge about the responsibilities and
working of the Accounts Department.
4. Managerial Decision-Making:
The study shows how accounting information is used by
management for planning, cost control, and decision-making.
5. Awareness of Statutory Compliance:
It helps in understanding GST, taxation, and other legal
requirements handled by the Accounts Department.
6. Skill Development:
The study helps in developing accounting, analytical, and
documentation skills of a management student.
7. Academic Importance:
The study fulfills the academic requirement of the BBA internship
program and supports future learning.
8. Benefit to Organization:
The study may help the organization in identifying areas for
improvement in accounting practices and internal control.

Diagram 4: Importance of the Study

Student Learning
↓
Practical Accounting Knowledge
↓
Better Management Understanding
↓
Academic & Organizational Benefit

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