Finanical Statement Analysis
“A STUDY ON FINANCIAL STATEMENT ANALYSIS with reference to UNITED INDIA INSURANCE Ltd., Chennai.”
CHAPTER - 1
INTRODUCTION
Finance is the study of how investors allocate their assets over time under conditions of certainty and uncertainty. A key point in finance, which affects decisions, is the time value of money, which states that a unit of currency today is worth more than the same unit of currency tomorrow. Finance measures the risks vs. profits and gives an indication of whether the investment is good or not. Different parties are interested in financial statement for different reasons. The management is keen on finding out the performance of the business and for the purpose of evaluating policies and plans for the future course of action. The project has been done in UNITED INDIA INSURANCE CO. Ltd and it is purely based on the financial statement of the company during the last three years. The process of financial analysis is widely employed to evaluate the past, present and likely performance of a business organization and identify the financial strengths and weakness of the enterprise by properly establishing relationship between the items of the balance sheet and profit & loss account. The study of this project is “FINANCIAL STATEMENT ANALYSIS OF UNITED INDIA INSURANCE CO. Ltd” and analyses the various financial statements and studies about the sources and application of funds. The project work is based on secondary data. The secondary data was collected from the annual report of the company
CHAPTER 2
INDUSTRY PROFILE
What is General Insurance?
Insurance other than ‘Life Insurance’ falls under the category of General Insurance. General Insurance comprises of insurance of property against fire, burglary etc, personal insurance such as Accident and Health Insurance, and liability insurance which covers legal liabilities. There are also other covers such as Errors
CHAPTER - 1
INTRODUCTION
Finance is the study of how investors allocate their assets over time under conditions of certainty and uncertainty. A key point in finance, which affects decisions, is the time value of money, which states that a unit of currency today is worth more than the same unit of currency tomorrow. Finance measures the risks vs. profits and gives an indication of whether the investment is good or not. Different parties are interested in financial statement for different reasons. The management is keen on finding out the performance of the business and for the purpose of evaluating policies and plans for the future course of action. The project has been done in UNITED INDIA INSURANCE CO. Ltd and it is purely based on the financial statement of the company during the last three years. The process of financial analysis is widely employed to evaluate the past, present and likely performance of a business organization and identify the financial strengths and weakness of the enterprise by properly establishing relationship between the items of the balance sheet and profit & loss account. The study of this project is “FINANCIAL STATEMENT ANALYSIS OF UNITED INDIA INSURANCE CO. Ltd” and analyses the various financial statements and studies about the sources and application of funds. The project work is based on secondary data. The secondary data was collected from the annual report of the company
CHAPTER 2
INDUSTRY PROFILE
What is General Insurance?
Insurance other than ‘Life Insurance’ falls under the category of General Insurance. General Insurance comprises of insurance of property against fire, burglary etc, personal insurance such as Accident and Health Insurance, and liability insurance which covers legal liabilities. There are also other covers such as Errors
Bibliography: * WWW.UIIC.CO.IN * ANNUAL REPORT OF UIIC, HEAD OFFICE * MANAGEMENT ACCOUNTING (T.S.REDDY & Y.HARI PRASAD REDDY)