I delightedly extend my heartfelt to God pertaining to giving me personally health and capacity to prepare this kind of report, writers of accounting and auditing books. And gratitude to all whose practical contribution. Furthermore I remarkably acknowledge Mature Financial Accountant Mr. Kifanga and Local Financial Official Mr John Makotwe for their moral, materials support and advice various other employees in Tanzania Electric powered Supply Firm Limited (TANESCO) especially in economic and organization department. I wish to extend a whole lot of due to financial and business section of Tanzania Electric Source Company Limited for their excellent role that they played since instructors in all of the matters pertaining the economic management and control, accounting and auditing profession. As well my heartfelt thanks can go to my family for creating a conducive environment for me and encouraging me to make this valuable operate. Lastly I would like to extend lots of thank to any or all individuals in whose valuable contribution has developed this operate and it is challenging to mention every one of them. May changeless God bless them.
I Mulabwa Prosper D. I state that this survey is my and unique work and it has hardly ever been submitted to any higher learning institution intended for similar aim. Student Brand: MULABWA GROW L. Boss Name: вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦.. Student Personal unsecured: Supervisor's Unsecured personal: вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦.. Day: November 2011Date: вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦.
I would like to dedicate this work to my much loved family: My mother Mrs MULABWA ATUSUKILE; brothers and Sisters because of their encouragements right up until where We am at this point. Also to my much loved classmates, professors and classes who have been promoting me since my jar. This function is also focused on everyone whom in one approach or another, all their contribution provides resulted to the successful completion of this field report.
The study done at Tanzania Electric Source Company Limited (TANESCO) coming from 13July2012 for the financial control and managing in Tanesco according about what observed in the field throughout the study it had been conclude that Tanzania Electric powered Supply Business Limited possess procedures and regulations to become followed to assure effective monetary control and management on both Finance, Revenue and Store. This is certainly to ensure that those funds recived from distinct sources happen to be properly been able and costs incurred are very well control such that payments performed are examined authorized after which recorded and lastly those ventures are accurately recorded in respective accounting books. It is recommended that the government should train its staffs and motivate these people so that they will probably be encouraged to fulfill their commitments effectively. Also competent accountancy firm should be utilized for proper repair of Tanesco cash are control of expenditure. And lastly the staff must be supplies with adequate doing work tools for timely and accurate charge of financial deal and data.
CHAPTER A SINGLE
1 . 1INTODUCTION
This really is an ten weeks field practical training report from 13th September to 30th September 2011 at Tanzania Electric Supply Limited (TANESCO) Head office Ceder es Salaam where I had developed attached. Resulting from an task issued simply by Institute of Finance supervision (IFM) demanding all initial year students to attend the particular company to get field useful training after which submitting the report within the December 2011. 1 . 2Historical Background
Tanzania Electric supply Limited (TANESCO) goes to 1908 when Germany established the first flow of electricity in Tanganyika by Dar fue Salaam. Can be described as parastatal organization under the ministry of Energy and Minerals. The business generates, buys transmits, redirects and sell electrical power to Tanzania Main terrain and markets bulk power to the Zanzibar Electricity Firm (ZECO) which often sells it to the community in tropical isle Unguja and Pemba. The German...