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