Preview

Secondary School Certificate (SSC)

Powerful Essays
Open Document
Open Document
4574 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Secondary School Certificate (SSC)
ASSIGNMENT ON

ANNUAL REPORT-2011 (GRAMMENPHONE)

SUBMITTED TO:

BANGLADESH UNIVERSITY IN SCHOOL OF BUSINESS

SUBMITTED BY:

MD. RAKIBUL HASAN
MBA 28th BATCH
I D- 201213228004 SUBMITTED COURSE:

INTERNATIONAL ACCOUNTING STANDARD
COM-522

SEMESTER: SPRING

SUBMITTED DATE: 4/05/2012

In the name of Allah, the Beneficent, the Merciful.
May 4, 2012

To,
Course instructor
Master of Business Administration
Bangladesh University

Sub: Submission of the Assignment.

Dear Sir,
It is our pleasure to submit the Assignment on subject IAS (International Accounting Standards). This has arranged to one as the partial fulfillment of our accounting program. The financing and accounting program was valuable experience for us. We found our Assignment work challenging and interesting.

We have tried our level best to follow the guidelines of you. The whole experience of this Assignment enabled us to get an insight into the real life solution. We will be happy to provide further clarification regarding this Assignment whenever necessary.

Sincerely yours,

Student of MBA 28th Batch

Acknowledgements

First of all we would like to express my humble gratitude to the Almighty Allah who has helped us to complete the Assignment successfully. We are also grateful to the people who helped us to complete the Assignment. We must acknowledge our debt to our course instructor Department of Business Administration, University of Bangladesh for his valuable time, consideration and expert touch on the report. He has continuously helped, cooperated and advised us how to prevail over the problem; We have faced in preparing the Assignment. We are also thankful to him for his valuable suggestions regarding the Assignment.

We are grateful to the department of M. B. A. University of Bangladesh to give us such opportunity of the practical situation of financial reporting.

Thanks to all
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Powerful Essays

    Award In Education Training 6502

    • 31182 Words
    • 105 Pages

    Award In Education Training 6502

    Just a note about the structure of assignment answers. You will help; the assessor, the internal and external verifiers if you make it clear which question and part of the question you are addressing, by using headings and sub-heading where appropriate. This assignment construction kit should allow you to do this easily.…

    • 31182 Words
    • 105 Pages
    Powerful Essays
    Read More
  • Better Essays

    Relationship Between the Ifrs and the Fasb
    • 1230 Words
    • 5 Pages

    Relationship Between the Ifrs and the Fasb

    The principle of accounting dates backs thousands of years to a time where those in positions of governance wanted to make others aware of their growth and progress. Shift forward, and now the principles of accounting have moved towards an interest in investments and creating wealth for all those who hold stock within the company. This has led to the creation of standards and guidelines by which these accounting principles adhere to, producing financial statements which follow the four qualitative characteristics (reliable, relevant, comparable, and understandable). The Financial Accounting Standards Board (FASB), under the guidance of the Securities Exchange Commission (SEC) established the GAAP which governs US companies with their application of accounting principles to the presentation of their financial statements. The IASB has created the IFRS which serves the same purpose but for the global financial community. A convergence of these two entities began in 2002 with the IASB and FASB coordinating together to produce accounting standards in a world where accounting standards are often amended. With ever-increasing changes in the realm of accounting it becomes important to for those in the profession of accounting to be aware of these changes and the impact they have on the reporting of a company’s financial outlook. The Masters of Accountancy program is designed to provide a comprehensive background of the creation of the FASB and the IASB, the relationship between their accounting standards, and how their standards measure up to one another.…

    • 1230 Words
    • 5 Pages
    Better Essays
    Read More
  • Powerful Essays

    IASB & FASB Revenue Recognition
    • 1797 Words
    • 8 Pages

    IASB & FASB Revenue Recognition

    The following research assignment discusses; the status of the overall International Financial Reporting Standards project, what some of the major changes in Generally Accepted Accounting Principals will be, and how theses changes will effect the preparation of the financial statements. It will then provide positive and negative reviews from users, ending with an overall opinion on the usefulness of the proposed changes.…

    • 1797 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Managerial Finance Paper
    • 799 Words
    • 4 Pages

    Managerial Finance Paper

    For this term paper the main sources of information are the annual reports of the firm’s. We collected the annual reports of these firms from the Dhaka Stock Exchange Library.…

    • 799 Words
    • 4 Pages
    Powerful Essays
    Read More
  • Better Essays

    Accounting Criteria
    • 1083 Words
    • 5 Pages

    Accounting Criteria

    International Accounting Standards Board. (2008). iasb.org. Retrieved April 11, 2008, from http://www.iasb.org/Home.htmLibby, P., Libby, R., & Phillips, F. (2006). Fundamentals of Financial Accounting. [University of Phoenix Custom Edition e-Text]. New York: McGraw-Hill Irwin.…

    • 1083 Words
    • 5 Pages
    Better Essays
    Read More
  • Powerful Essays

    Negative Effects of Adoption of International Financial Reporting Standards
    • 3612 Words
    • 15 Pages

    Negative Effects of Adoption of International Financial Reporting Standards

    The international accounting standards board (IASB) has replaced the international accounting standards committee (IASC) in 2001 and at the same time many standards of IFRS come from the International Accounting Standards which issued by IASC. After the new standards announce, the uptrend of globalisation has pushed more and more countries on their ways of adopting the international accounting standards. The drive for IASB is a British initiative and London is the headquarters for the IASB. Natural expectation would be that at least the British business will support a British initiative. The adoption of international accounting standards required GAAP used by the UK to ensure the consistency with the IASB’s IFRS. However, a concern is that there are substantial differences among different countries in implementation of IFRS and the notion that uniform standards will produce uniform financial reporting will cause some problems in the practical operation of accounting. As stated in the case the IASB is facing serious challenges from its home front. This essay focuses on the discussion of impacts of the adoption of IFRS, such as effects of fair value accounting, which will be analyzed and clarified.…

    • 3612 Words
    • 15 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    A Report in Defence or Favour for the Advocate of an International Standard of Accounting Practice.
    • 1345 Words
    • 6 Pages

    A Report in Defence or Favour for the Advocate of an International Standard of Accounting Practice.

    To bridge the gap between accounting standards among countries, the International Accounting Standards Committee (IASC) was founded in 1973 by a group of professional accounting practitioners with an attempt to formulate a uniform and global accounting standards that would aim at reducing the discrepancies in international accounting principles and reporting practices. In this light, the International Accounting Standard (IAS) was proposed which has actively been championing the uniformity and standardization of accounting principles over two decades now. Meanwhile, in April 2001, the International Accounting Standards…

    • 1345 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Good Essays

    Summary for The FASB’s Conceptual Framework for Financial Reporting: A Critical Analysis
    • 380 Words
    • 2 Pages

    Summary for The FASB’s Conceptual Framework for Financial Reporting: A Critical Analysis

    FASB organizes the discussion of these conditions: users of financial reports, primary use of financial statements- management and investment decisions, cash flow as the objective of financial reporting, limitations of external financial reporting, relevance and trustworthiness, auditing and trustworthy numbers, conservatism bias, balance-sheet and income-statement approach, and the function of the FASB/ IASB. For example, the use of financial statements, which is for investment decisions, is primary use of information in financial reports and stewardship is mentioned, but almost in passing. However, management is not only important, but also more essential for most companies than investment. Another example is cash flow as objective of financial reporting. FASB’s Conceptual Framework states: “The objective for financial reporting could have been stated as CASH or cash equivalents.” And cash flow information provides a perspective on the entity’s economic activates that is largely free from the measurement and related issues inherent in accrual accounting. However, it is more useful for investors if there is more unwieldy use in formulating the financial reporting’s objectives.…

    • 380 Words
    • 2 Pages
    Good Essays
    Read More
  • Better Essays

    Essay on Supply and Demand Model (Standard and Aggregate)
    • 3306 Words
    • 14 Pages

    Essay on Supply and Demand Model (Standard and Aggregate)

    I express my heartiest gratitude to our course instructor Dr. Shuddhasattwa Rafiq, Associate Professor, Institute of Business Administration, Jahangirnagar University for his valuable guidance, scholarly direction and unconditional support during the preparation of the essay. I have learned a great deal from him.…

    • 3306 Words
    • 14 Pages
    Better Essays
    Read More
  • Powerful Essays

    Accounting Standards in the USA
    • 1726 Words
    • 7 Pages

    Accounting Standards in the USA

    The following report will describe and discuss the major elements of accounting in the USA. It will show that the US Generally Accepted Accounting Principles (GAAP) are set by the Financial Accounting Standards Board (FASB), where as the International Accounting Standards (IAS) are set by the International Financial Reporting Standards (IFRS). This report will also state the similarities and differences between these standards. In addition, the following report will use relevant examples to evaluate current accounting problems and issues in the USA related to international convergence of accounting standards.…

    • 1726 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Good Essays

    Evaluating Services by a Customer Service Department
    • 746 Words
    • 3 Pages

    Evaluating Services by a Customer Service Department

    Bangladesh has come a long way since its independence. It has improved key social indicators and the wellbeing of its people. Developments & Holdings business is integral part of this progress. Today Bangladesh real Estate Company provides us some different opportunities to build future .Developer business is the largest private sector business conglomerate of Bangladesh Developer business is the one of the popular business in the Bangladesh. Here I’m focusing on the Customers satisfaction of the business.…

    • 746 Words
    • 3 Pages
    Good Essays
    Read More
  • Better Essays

    Socio-Economic Conditions of Tribal Female Workers in Bangladeshi Beauty Parlors
    • 6423 Words
    • 26 Pages

    Socio-Economic Conditions of Tribal Female Workers in Bangladeshi Beauty Parlors

    Abstract: The study highlights the socio-economic conditions of tribal female workers of the beauty parlors…

    • 6423 Words
    • 26 Pages
    Better Essays
    Read More
  • Good Essays

    Hul - Fmcg Customer Preference and Brand Relationship
    • 18084 Words
    • 73 Pages

    Hul - Fmcg Customer Preference and Brand Relationship

    The success of any business entity solely depends on how effectively does it utilizes its optimum resources and how soon does it make arrangements for the removal of the customer’s grievances. Moreover, the company should always be ready to make necessary changes according to the requirement in order to attract more customers so as to maintain a substantial growth in the market. The topic given to me was:…

    • 18084 Words
    • 73 Pages
    Good Essays
    Read More
  • Better Essays

    Bangladesh Studies
    • 1120 Words
    • 5 Pages

    Bangladesh Studies

    Market Failure: Market Failure is an economic situation that occurs in free market economy. When in any given market, the quantity of a product demanded by consumers does not equate to the quantity supplied by suppliers, market failure occurs. This is a direct result of a lack of certain economically ideal factors, which prevents equilibrium. Due to market failure, the social costs of producing the good or service are not minimized, and this results in a waste of some resources. It can also occur when personal needs are met at the cost of social well-being. One of the reasons of market failure is Negative externalities: for e.g. the effects of environmental pollution causing the social cost of production to exceed the private cost. Market failure of Dyeing Industry in Bangladesh: There is free market economy in the dyeing Industry of Bangladesh. The textile dyeing and washing industry play an important role in the economic growth as well as the environmental sectors of Bangladesh. The textile dyeing industries has been condemned as being one of the world’s most offenders in terms of pollution. There are many dyeing industries in Bangladesh which are mainly located at Gazipur and Narayanganj industrial area. Almost all Readymade Garment (RMG) factories require textile and garment washing-dyeing-finishing (WDF) services. There are about 1,700 washing dyeing units in Bangladesh. The liquid and solid pollutants that are being generated by the WDF units are negatively affecting the lives of people living around these facilities. The known negative impacts include long term damage to arable lands; aquatic ecosystem of the low lying wet lands and inland…

    • 1120 Words
    • 5 Pages
    Better Essays
    Read More
  • Good Essays

    Context Analysis
    • 3669 Words
    • 11 Pages

    Context Analysis

    Scenario (1): Your CEO is concerned about sexual harassment in the workforce. The present course is outdated due to court rulings. As a result, a consultant is engaged to revise the existing harassment awareness program for all the employees.…

    • 3669 Words
    • 11 Pages
    Good Essays
    Read More

Related Topics