Company Profile and Financial Statement

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Prepared for:
Dr. M.H. Mosharaf Hossain
Associate Professor
Department of Finance
University of Dhaka

Prepared by:

GROUP-16

Serial No.| Name| Roll No.|
01.| Nafisa Khanum Tabassum| 15-162|
02.| Md. Al-amin| 15-164|
03.| | 15-166|
04.| Sabrina Hossain| 15-170|
05.| Sumaiya Hafsa| 15-176|
06.| Gazi Afsana| 14-252|

Letter of Transmittal

May 11, 2010
Dr. M.H. Mosharaf Hossain
Professor
Department of Finance
University of Dhaka
Subject: Submission of Term Paper on “Company Profile & Financial Statements” of “Sonar Bangla Insurance Limited” Dear Sir,
With profound reference towards the dignity of yours, we are very happy that we have been able to submit the report you have assigned to us. The assignment was to prepare a term report on the course named “FINANCIAL ACCOUNTING-02(F-201)” as part of our academic activities. Here is the report on “Company Profile & Financial Statements of Sonar Bangla Insurance Limited“ The topic that you have given us is really an important & interesting fact for us with the textual studies acquiring practical orientation of how a company prepares their financial statement and make a report by using them.

WE THANK YOU FOR CHOOSING US FOR WORKING ON THIS TOPIC.

Sincerely yours,

Sumaiya Hafsa (15 – 176)
On behalf of group-17
Department of Finance
University of Dhaka

Acknowledgement

It is our refreshment stand to thank Dr. M.H. Mosharaf Hossain, the adhering Associate Professor of the Department of Finance, in University of Dhaka for rendering us his expertise knowledge and giving us the opportunity of practical exposure through this report. In this regard, we would also like to thank ourselves as our good teamwork and successful team spirit. Without cooperation and the support from each other, it would not be possible to prepare such a resourceful report.

Practical knowledge is deep-seated for the application of conjectural intelligence. Bearing this in mind, the course teacher introduced a program for the students of the course “FINANCIAL ACCOUNTING (F-201)” to prepare a report as a compulsory course requirement. As we are students of business school, so it’s very much important for us to have deep knowledge about accounting. Under this course we learnt how an insurance company do their Financial Statements and by doing this report we have got practical idea about accounting procedure of Insurance company. There are always some differences between theories and practical. This report bridges the gaps between them. By doing this report we would be able to prepare a Financial Statements of an Insurance company more efficiently.

So, lastly we would again like to express our heartfelt thanks to our honorable teacher for providing us the opportunity to apply classroom learning in a practical situation.

Executive summary ……………………………………….. 5 Preface ………………………………………………………… 6 Mathematics …………………………………………………. 8 Inverse Matrix …………………………..........................,..11 Linear Equation……………………………………...……..17 Conclusion……………………………………………………22 Bibliography………………………………………………...23

Executive Summary
Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the insurance; an insured or policyholder is the person or entity buying the insurance policy. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice. Sonar Bangla Insurance Limited is one of the re-known insurance company’s in Bangladesh....
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