WAPDA System Fuctioning

There are very nearly 5,000 bank offices all through Pakistan that are occupied with the gathering of power bills from the purchaser. The records worked in these bank offices are titled WAPDA Electricity Bills Collection Account

Functions and Responsibilities of Financial Manager and CFO

• Create the goals of association;
• Make the approaches of the business;
• Sort the techniques;
• Style the procedure
• Established the projects

The role of CFO in company's sector in Pakistan above affixed jobs of CFO in the organization's part in Pakistan are:

• Make the specialists line of association
• Make money streams
• Keep an eye on the liabilities of organization
• Analyze the presentation of organization
• Regulation of all costs
• Built up the relationship with investors

Beneath recorded head of money the executives that are help to manage the business they do following:

1. Capitalize your idle cash in different ventures and win benefit
2. formulate plans and systems to boost the estimation of association and its benefits
3. Keep the low degree of stock in your business that aides in loss of stock.
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4. design the significant lot for record payables
5. formulate system of little period for money due

The various kinds of programming being utilized by association.

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The Information System Department of WAPDA generally called WAPDA Computer Center (WCC) is the inside purpose of IT development in WAPDA. As far back as the Computer Center was seen in l968, WCC has supported the execution of PC learning all through the affiliation and the Country. Using general characterizations of supercomputer, minis and scaled down scale PCs, running under a group working conditions WCC has likewise the refinement of making gifted workforce for the IT business.

The Authority is starting at now totally coupling the pay of data development (IT) and in for all intents and purposes all examines from clear observing of WAPDA's defaulters to Analysis of Electricity demands; PC focus has progressed toward getting the opportunity to be purpose of combination for passing on data major for connection procedure enumerating. WCC has been dynamic in executing the WAPDA/GOP headings. The motivation packs were sharp and reliably realized giving favorable assistance to the agriculturist and present day clients The imprudent utilization of these impetus bundles moreover upgraded power use and allowed WAPDA to sell its surplus control, in the interim, passing on the nation progressively like a green opposition. Equipped with VAX 4000 Computers from Digital Equipment Corporation (directly Compaq USA), IBM Servers, and WAPDA's Information System Department field appearances have been given under the authoritative control of individual DISCOs.

These headways stayed trying to give electronic power bills to in excess of 3.25 million power customers, dependably. This greatest PC application in Pakistan has guaranteed reliable utilization of power demand the nation over. The structure has helped in reduction of clients complaints and helped with streamlining compensation care process. To get partitions against bureaucratic and typical government divisions power duty, clearly from Federal Adjuster, an electronic connection has been successfully Operational zed. At WCC base camp in WAPDA House lahore, two Alpha 2l00 PCs outfitted with acclaimed Alpha processors have been presented. These PC are all around ideally used to support sensible assessment, making fundamental data for the Authority and to cook for the overseeing necessities of lESCO. WAPDA Computer Center has completed work on a far reaching year 2000 programming change plan and all in-house set up business composing PC projects was made year 2000 satisfying.

The distinctive programming including Employees lucky store, Assets bookkeeping, and so forth has in like manner been changed over and new reexamined programming groups are running effectively. So undeniably more than 32 In all of these groups field development has been done and dates used have been attracted out to join century.The focus of accomplishing year 2000 statement for the in-house made composition PC projects was refined by WCC authorities with no outside help and in the interim no additional cash related course of action scanned for this purpose.,000 WAPDA authorities and experts of different WAPDA appearances have been put on Y2K dependable modernized reserve framework. The application programming has been given to all DISCOs to guarantee its full scale use.

Entire exercises of l77,000 WAPDA Employees opportune Fund (EPF) people with their month to month posting, yearly bookkeeping report and up to finish of organization EPF unobtrusive components have been totally motorized. Store-wise issue, receipt and alter of all of the 6l0 stocked things have been put on PCs. In the wake of disagreements, an EPF Number based system has been set up to remove unlawful profiting of free units at more than one zone by any laborer. This system has totally ended wrong practice and the affirmation booked against WAPDA Employees has dropped by 20 %.A PC based structure to watching the execution status of Authority's decisions has moreover been operational zed to help Secretary WAPDA. Additionally, treatment of uncommon reports for Authority and distinctive WAPDA establishments is finished by the PC centers.

The division-wise mechanized receivable revealing and checking structure giving twenty undeniable unpaid commitments assessment reports have been reached out to give cost vigilant data. These reports have been progressively associated with help seeing at the sub division level. Execution information checking report reflecting different kinds of charging and clients estimations has in like way been pervasive. To help acquiring of worth equipment and programming things, WCC is rendering critical talented bearing to all WAPDA signs scanning for help. To bond the data from topographically scattered databases, the information correspondence office open by techniques for WAPDA's Administrative Traffic Network in being utilized. The free office is being utilized to transmit program and spread out information. The documented strategies are also being approached to utilize electronic mail office accessible through Internet. Utilizing fortify Fiber Optics and CISCO switches, in WAPDA House all floors of WAPDA House lahore have been between related permitting systematic sharing of equipment and data. An inside mail server and intranet site is made for Authority data. Intranet web application contains the parts like Inventory for NTDC and Distribution stores, MIS reports, News, Notices, Projects, Books and Quran-e-Pak..

If the quick ratio is lower than 1:1 then it means company is dependent on its assets and inventory to pay its liabilities over short term. In 2015 and 2017 it is increased and decreased in 2014 and 2016. It means wapda can meet its short term liabilities efficiently.

An absolute liquidity ratio shows decreasing trend. From onward it is going upward which shows positive results that company have enough liquid assets to pay its current liabilities.1:2 is considered the favorable absolute liquidity ratio it shows the 50% capability of worth absolute liquid assets it helps in calculating cash at hand cash at bank and marketable securities.

It is increased in year 2014 and after that it has slight decreasing trend. In year 2017, it shows increasing trend which indicates that company has strong financial position.

This fixed asset turnover ratio means that company is efficiently utilizes its fixed assets to increase sales interprets how a company is utilizing the fixed assets to increase the revenue above graph typically showing that it was higher in 2014 then declined.

This above graph interprets that WAPDA was capable of generating sales from the assets. The graph represents that in 2015 the assets turnover ratio was 0.37 which was calculated the highest till now.

This ratio indicates that how many times the stock has been sold while time of a period. Inventory turnover ratio decreased till 2015. After that it has increased to a low level which shows company's sales are increasing with respect to its inventory.

It has increasing trend from 2013 to 2015 and in 2016 it decreased. In 2017 it is increased which shows company efficiently collecting its receivables from debtors.

This ratio indicated that in 2015 WAPDA had grown its highest current capital investment level.

By relating the total sales over total assets the graph indicates that WAPDA was competent in 2015 for generating its revenue over assets more than any other year in previous 5 years.

Net working capital ratio shows increasing trend in the past 1st 3 years which shows financial progress of the company.

The lower the operating ratio is the higher its net profit ratio will be indicated as we can see in the above graph in 2015 highest net profit ratio calculated as the operating ratio was lower.

Operating profit ratio has an increasing trend in the 1st 3 years which shows company's efficiency to make profits.

This ratio counters that how much a company can pay off its assets for all the liabilities. It is a solvency ratio.

This ratio basically helps in evaluation of company's financial leverage. Debt equity ratio has increased in the last 3 years which indicates company have more total liabilities than its shareholder's equity which is a risky situation. which can be seen in 2016 to 2017 in above graph.

Debt to total assets also have an increasing trend which indicates that more assets of the company are financed by the creditors It shows the greater financial leverage and the greater risk which can be noted in the graph from recent 2 years.

Wapda Swot Analysis

Strengths

• Support of Government
• Consistency and Regulatory of Staff
• Dependency on the Power production and Distribution
• Increase In Day by Day
• Industry Reputation
• Uniqueness of wapda

(Wapda is the only organization that is providing electricity to entire country)

• Technologies used by wapda
• Employees Benefits

Weakness

• Decision making incapabilities
• Higher payments of IPPC
• Low Profit
• Tariff Rates
• Privatization
• Lack of technology upgradation
• Deficiency of skilled management
• The burden of debts
• Weak supply chain that delays the arrival of products to WAPDA's customers, as a result customers cancels the orders
• Political influence in recruitment and promotion
• Work inefficiencies
• Too much documentation
• Lack of loyalty

Opportunities:

• WAPDA is able to produce more than 80000 MGW Electricity Through Different Dams
• WAPDA has Opportunity rises dam height Mangilla and remove mud in Trabilla Dam Which can Increase Electricity Generation Capacity
• Gomal Zam Dam Project
• Marian Dam Project
• Mangla Dam Project
• Canal System
• Time Execution of Development Projects
• Construction of new Dams would be a greater opportunity to enhance the production as needed more by following
• 1. Gomal Zam Dam project
• 2. Mangla Dam rising project
• 3. Diameeer Basha Dam project
• 4. WAPDA can produce 80,000 MW electricity

Threats:

• Politics in Employee and Labor Unions
• Political Instability can effect to Development Projects
• Slow Development Process
• Change In Government Policies
• Terrorism in Our country is biggest threat to Authority
• Uncertain Economic Condition
• Electricity demand is increasing day by day Due to main grid goes to Trip
• Terrorism is bigger threat to authority

Learning as a Student Intern

(Preferably in Accounting and Finance Department)

Duties

1st Week Learning by Director Accounts (Fund) 1st July to 7 July

In the first week I learned about

• Provident Fund (PF)
• Govt. Provident Fund (GPF)
• Employee Provident Fund (EPF)

These funds have three types

1. Refundable
2.  Non-refundable 80% (If employee's age above 45)
3. Non-refundable 100% ( If employee's age above 50)

Annual Statement

1. Allotment of account to employee
2. Contribution
3. Opens account
4. When he takes advance then debt is open.

• It is compulsory to open Govt. Employee Provident Account (GEPA).
• There is deduction from GEPF in the form of instalment.

Maximum instalment amount 30000

Minimum instalment amount 12000

Borrowing and deduction

Maximum instalment no. 36 Minimum instalment no. 20

There is deduction on 1 Lac.

• GP Fund ( Non-taxable)
• At the age of 45, employee can take the amount of 80%, Deduction of Zakat 2.5%
• At the age of 50, employee can take the lump sum amount.
• If you give declaration, then Zakat will not be deducted.

When he did not take any amount at the age of 45 and 50, he will take amount.