Professional Documents
Culture Documents
Synopsis
Synopsis
SYNOPSIS
ON
SUBMITTED TO
Rashtrasant Tukdoji Maharaj Nagpur University,
Nagpur
1 Introduction 1
2 Introduction of Company 2
3 Objective of study 3
5 Hypothesis 5
6 Problem Definition 6
7 Research Methodology 7
8 Expected Contribution 8
9 Chapterization 9
INTRODUCTION OF THE TOPIC
Financial management is about preparing directing and managing the money activities
of a company such as buying, selling and using money to its best results to maximise
wealth or produce best value for money. It is basically applying general management
concepts to cash of the company. Financial management of the finances of a business in
order to achieve financial objectives.
There are three key elements of the process of Financial Management:-
Financial Planning
Financial Control
Financial Decision-making
RATIO ANALYSIS
The term “ratio analysis” refers to the analysis of the financial statements in
conjunction with the interpretations of financial results of a particulars period of
operations, derived with the help of ‘ratio’. Ratio analysis is used to determine the
financial soundness of a business concern.
A “ratio analysis” is a quantitative analysis of information contained in a company’s
financial statements. Ratio analysis is used to evaluate various aspects of a company’s
operating and financial performance such as its efficiency, liquidity, profitability and
solvency.
INTRODUCTION OF THE COMPANY
As of 2019, Life Insurance Corporation of India had total life fund of 28.3 trillion.The
total value of sold policies in the year 2018-19 is 21.4 million. Life Insurance Corporation of
India settled 26 million claims in 2018-19. It has 290 million policy holders.
The Parliament of India passed the Life Insurance of India Act on 19 June 1956
creating the Life Insurance Corporation of India, which started operating in September of that
year. It consolidated the business of 245 private life insurers and other entities offering life
insurance services; this consisted of 154 life insurance companies, 16 foreign companies and
75 provident companies. The nationalisation of the life insurance business in India was a
result of the Industrial Policy Resolution of 1956, which had created a policy framework for
extending state control over at least 17 sectors of the economy, including life insurance.
OBJECTIVE OF THE STUDY
The project report covers the analytical study of financial statements. Financial
statement of the firm helps in assessing the financial positions of the firm. It also help in
process of budgeting i.e. in estimating the income which in turn helps in planning future
expenses of the firm such as investment, expansion plan and other day to day expenses. It
helps the management in decision making process at various levels; strategic, tactical and
operational level decision making.
HYPOTHESIS
The main purpose of the study is to analyze the financial statements of “LIC of India.” for the
year 2015-2019.
Financial management is one the most important on integral part of in any company.
Understanding the financial of the company is necessary for the stack holders. Financial
position deals with knowing the liquidity, profitability, solvency and leverage that is risk
involved in the company. The terms and financial jargons are least understood by layman.
The project will try to solve the problem of understanding the financial problem in easy and
presentable form in better way to help the shareholders for their decision making process.
RESEARCH METHODOLOGY
Research is the process of systematic and in depth study or search of any particular topic,
subject by the collection, presentation and interpretation of relevant detail or data. It is a
careful search or injury into any subject or subject matter, which is an endeavour to discover
or to find out valuable facts which would be useful for future application or utilization.
Primary data is information that you collect specifically for the purpose of your research
project. An advantage of primary data is that it is specifically tailored to your research needs.
A disadvantage is that it is expensive to obtain..
Secondary data is such numerical information, which have been already collected by
some agency for specific purpose and subsequently complied from that source for
application in different collection.
The study requires secondary source of data for the study purpose. Hence secondary
source of data is taken under consideration for research.
The secondary data required for the study includes:-
Information gathered through surfing the internet.
Private circulation from consultants.
The source of secondary data has been from the 2015-2019 balance sheet and profit
and loss account of LIC of India.
EXPECTED CONTRIBUTION
The study will help to know the company the detailed information of the negative and
positive aspect and even about the suggestions related to the financial wellbeing of the
company to overcome the necessary change.
Based on the study, the researcher will be making analysis to help to improve financial
condition of LIC of India to overcome the weaker areas and the help in its decision making
process which may results in financial gain of the company.
CHAPTERIZATION
Introduction
Company profile
Research study
Problem definition
Theoretical perspectives
Research methodology
Data collection
Conclusion
Bibliography
Annexures
Synopsis
Financial statement