Managing accounts payable process of Siam City Cement Bangladesh

Abstract

Siam City Cement was first established in 1969 and began cement production after the completion of its cement plant in 1972. Siam City Cement with operations in different countries in South East Asian region has 47 years of experience in the industry. INSEE is a very well-known cement brand in Thailand and considered to be the premium quality product because of its high quality captive clinker. Siam City Cement (Bangladesh) Limited (INSEE Cement Bangladesh) is a subsidiary of Siam City Cement Group since the acquisition from CEMEX Cement (Bangladesh) Limited in July 2016. The Principal purpose of the report is to demonstrate my internship experience, which would enable me to understand the operations, functionally and overall efficiency of the department. The department I was assigned was Accounts Payable of Finance Division. This report is a case study based on the discussion of managing the accounts payable division of the finance department of Siam City Cement Bangladesh. The report broadly narrated how the payable system run through the ERP System and how the journal entries are recorded through the payment process. This report also encompasses SWOT analysis of the company as well as few recommendations and suggestions were also prescribed based on the observation and findings.