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In Bangladesh, the profession of accountancy was developed during the British colonial period. The basic requirements for financial reporting by all companies in Bangladesh were provided by the Companies Act of 1994. [1] Today, it is represented by two professional bodies, the Institute of Cost & Management Accountants of Bangladesh (ICMAB) and ...
The Financial Reporting Act 2015 (known as FRA 2015) is an act created by the Bangladesh National Assembly. The act was passed on September 6, 2015, in order to follow the accountability and transparency of the financial reporting procedures in the country. On September 9, 2015, the act was officially published by the Government of Bangladesh.
t. e. In accounting, adjusting entries are journal entries usually made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred. The revenue recognition principle is the basis of making adjusting entries that pertain to unearned and accrued revenues under accrual-basis accounting.
OCAG Bangladesh, the supreme audit institution of the country, is an active member of Asian Organization of Supreme Audit Institutions (ASOSAI) and International Organization of Supreme Audit Institutions (INTOSAI) for a long period now. SAI Bangladesh is fully committed to the goals of these organisations and has recognised the necessity of ...
Website. www .icab .org .bd. The Institute of Chartered Accountants of Bangladesh ( ICAB) is the national professional accountancy body and research institute in Bangladesh. [ 2][ 3] It is the sole organisation in Bangladesh with the right to award the Associate Chartered Accountant designation. It has 2,005 members.
Bangladesh, [ a] officially the People's Republic of Bangladesh, [ b] is a country in South Asia. It is the eighth-most populous country in the world and is among the most densely populated countries with a population of nearly 170 million in an area of 148,460 square kilometres (57,320 sq mi). Bangladesh shares land borders with India to the ...
Accounting. A trial balance is an internal financial statement that lists the adjusted closing balances of all the general ledger accounts (both revenue and capital) contained in the ledger of a business as at a specific date. This list will contain the name of each nominal ledger account in the order of liquidity and the value of that nominal ...
t. e. Special journals (in the field of accounting) are specialized lists of financial transaction records which accountants call journal entries. In contrast to a general journal, each special journal records transactions of a specific type, such as sales or purchases. For example, when a company purchases merchandise from a vendor, and then ...