Corporate Financial Reporting Practices in manufacturing companies of Bangladesh in the light of International Accounting Standards (IAS): Study on Advanced Chemical Industries ltd. Rakibul Islam, Md. Azmir Sharif & Shamima Islam

Corporate Financial Reporting Practices in manufacturing companies of Bangladesh in the light of International Accounting Standards (IAS): Study on Advanced Chemical Industries ltd.

Author (s)

Rakibul Islam, Md. Azmir Sharif & Shamima Islam

Abstract

International Accounting Standards (IAS) is adopted in Bangladesh by the named Bangladesh Accounting Standards (BAS). Most of the BAS are being vastly using in manufacturing sectors of Bangladesh. This study attempts to find out the application of IAS and how much was it complied according to the standards. By analyzing the annual reports of the sample manufacturing company, it was found that the company was complied and acknowledged in the financial statements. It also disclosed detailed information in the notes. To prepare this analytical report only secondary data were used. Among the sources, data mainly collected from the published annual report and web site of selected company, review text book and internet.

Key words: International Accounting Standards (IAS), International Financial Reporting Standards (IFRS), Bangladesh accounting standards (BAS), Corporate reporting, Financial statements, Bangladesh Financial Reporting Standards (BFRS), Advanced Chemical Industries (ACI) ltd.

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Title: Corporate Financial Reporting Practices in manufacturing companies of Bangladesh in the light of International Accounting Standards (IAS): Study on Advanced Chemical Industries ltd.
Author: Rakibul Islam, Md. Azmir Sharif & Shamima Islam
Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.5281/zenodo.3514281
Media: Online
Volume: 3
Issue: 6
Acceptance Date: 18/10/2019
Date of Publication: 20/10/2019
PDF URL: http://ijsab.com/wp-content/uploads/407.pdf
Free download: Available
Page: 71-86
First Page: 71
Last Page: 86
Paper Type: Research Paper
Current Status: Published

Cite This Article:

Rakibul Islam, Md. Azmir Sharif & Shamima Islam (2019). Corporate Financial Reporting Practices in manufacturing companies of Bangladesh in the light of International Accounting Standards (IAS): Study on Advanced Chemical Industries ltd., International Journal of Science and Business, 3(6), 71-86. doi: https://doi.org/10.5281/zenodo.3514281

Retrieved from http://ijsab.com/wp-content/uploads/407.pdf

 

About Author (s)

Rakibul Islam, (Corresponding Author)  Lecturer in Accounting, Department of Business Administration, Bangladesh Army University of Science and Technology (BAUST), Saidpur Cantonment, Nilphamari, Bangladesh.

Md. Azmir Sharif, Lecturer in Accounting, Department of Mechanical Engineering, City University, Savar,  Dhaka, Bangladesh.

Shamima Islam, Lecturer in Finance, Department of Business Administration, Bangladesh Army University of Science and Technology (BAUST), Saidpur Cantonment, Nilphamari, Bangladesh.

 

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DOI: https://doi.org/10.5281/zenodo.3514281

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