Accounting practice is an important aspect for the success of any entity especially in today’s competitive business world. Standard accounting practice is one of the most important factors for any organization. It is much more important for public limited compny as the interest of the stakeholders are directly involved with transparent accounting practice.
Though we acquire the theoretical knowledge of accounting practice elaborately from our instructor in accounting class, but knowing the practical implementation of accounting theory is much more important. We choose SQUARE Pharmaceuticals limited as our field of experiment to know how the practical implementation of accounting practice takes place in the real business world.
This term paper present the existing accounting practices in SQUARE Pharmaceuticals Limited. Efforts were invested to analyze and explain the different aspects of accounting practice of the concerned firm. SQUARE Pharmaceuticals Limited is the largest pharmaceutical company in Bangladesh and it has been holding the first position among all national and multinational companies since 1985. It was established in 1958 and converted into a public limited company in 1991. The registered office (48, Moakhali Commercial area Dhaka 1212) of SQUARE Pharmaceuticals Limited centrally controls Accounting procedure under accounting department.
1.1 ORIGIN OF THE REPORT:
After completion of maximum syllabus of Principles of Accounting (A-501) course under the direct supervision of Major Khondaker Saifuzzaman, Faculty member, Faculty of Business studies, Bangladesh University of Professionals, we make this report. Major Zaman asked us to make a report for the particular fulfillment of our Principles of Accounting (A-501) course and we select SQUARE Pharmaceuticals Limited to complete our task. The submission date of this report is May 24, 2009. Here one additional thing we would like to mention that we all, the...