Financial condition and audit procedure - Square Toiletries Ltd. (STL)

Abstract

Square Toiletries Ltd. (STL) is one of the largest and leading "Fast Moving Consumer Goods" company in Bangladesh. This report provides an in-depth analysis and interpretation of "Financial Condition and Audit Procedure - Square Toiletries Ltd. (STL)". It consists of the job responsibilities I was given during my internship in the Finance and Accounts department of STL. A detail about my critical observation is given about the way they record their daily transactions with their third parties, the way they analyze and verify their every small to huge monetary transactions by auditing, the way they measure their production workers performance, and also how they maintain good relationship with their retailers through winter gift promotional campaign and etc., Then I also gave a description about my critical observation about the activities of STL including my recommendation to change some of their monitoring processes to increase revenue. Also, a detailed explanation of the profitability, liquidity and financial stability of STL over the last five years and its financial performance is compared to that of its competitor, Kohinoor Chemical Limited (KCL). This is done through liquidity, debt-management and profitability ratios. All these calculations were done with the help of balance sheet and income statement of STL for the last five years. For KCL, the calculations of ratios were done for the year of 2013 and 2014. Results of ratios are also discussed to evaluate STL's overall performance and remedial actions are also given to overcome any major area of weaknesses. I have also explained a brief explanation about Internal Audit and Internal Control of Square Toiletries Ltd. in my report.