I was assigned to do my internship at Bangladesh Small Industries and Commerce Bank Limited popularly known as BASIC Bank Limited for the period of three months starting from December 20‚ 2006 to March 20‚ 2007 as an intern by the Internship Placement Committee of Department of Accounting & Information Systems‚ University of Dhaka. Here at BASIC Bank‚ I was assigned to work at Loans and advances Division of BASIC Bank‚ Moulvibazar Branch‚ Dhaka‚ Mr.Khan Iqbal Hasan‚ Assistant General Manager and
Premium Interest Bank Credit
types of accounting that practically all businesses have to face and a number of key terms which are equally important. These are management accounting and financial accounting. 1. THE DIFFERENCE BETWEEN MANAGEMENT & FINANCIAL ACCOUNTING: Management accounting is concerned with decision making‚ cost apportionment‚ planning and control. It is based within the organisation and is solely for the use of the managers to conduct their business dealings. The process of management accounting is proactive
Premium Variable cost Costs Marginal cost
PROJECT REPORT “Cash Management and Fund transfers in Banks with the IT logistics” Table of Contents Chapter 1 2 1.0 Introduction 2 Chapter 2 3 2.0 Objectives‚ Scope and Methodology 3 2.1 Objectives 3 2.2 Scope 3 2.3 Methodology 4 Chapter 3 5 3.0 BANKING WITH TECHNOLOGY 5 Chapter 4 9 4.0 Different aspects of IT based funds transfer in banks 9 4.1 Electronic Funds Transfer: 9 4.2 National Electronic Fund Transfer (NEFT) 11 4.3 Real Time Gross Settlement
Premium Bank
Maritime Greenwich Business Accounting & Finance ACCO1116 Financial & Management Accounting (MAIB) M TWO HOURS August 2008 Course co-ordinator: Dr Agnieszka Herdan INSTRUCTIONS TO CANDIDATES Answer TWO questions only. All questions carry equal marks. This is a CLOSED book examination Students are permitted to use non-programmable calculators. THIS PAPER MUST NOT BE REMOVED FROM THE EXAMINATION ROOM August 2008 - RESIT Course Title Financial & Management Accounting (MAIB) Course Code ACCO1116
Premium Cost Cash flow Activity-based costing
result of overemphasis on achieving objectives. Answer: 7) False 8) Horizontal consistency is more important than vertical consistency in developing annual objectives. Answer: 6) False 7) Annual objectives are key components in the strategic-management process because they dictate how resources will be allocated. Answer: 5) False 6) A bottom-up flow of communication is essential for developing top-down support. Answer: 4) False 5) Unlike strategy formulation‚ strategy implementation varies
Premium Organizational structure Organization
APPLICATION OF COMPUTERS Computer technology has made several important impacts on our society. Today computer is playing very important role in every field of life. Many activities in daily life can be performed very easily and quickly. A lot of time is saved and overall cost is reduced to solve a particular problem. Many fields where computer are widely used 1- Business Today‚ in global markets‚ it is impossible to run the business without the use of computer technology. Many business
Premium Computer Personal computer Computing
CHAPTER 1 FINANCIAL ACCOUNTING AND ACCOUNTING STANDARDS IFRS questions are available at the end of this chapter. TRUE-FALSE—Conceptual Answer No. Description F 1. Definition of financial accounting. T 2. Purpose of financial statements. T 3. Definition of financial accounting. T 4. Capital allocation process. F 5. Financial reports. F 6. Fair value information. F 7. Objectives of financial reporting. F 8. Accrual accounting. T 9. Generally accepted accounting principles. T 10. Users
Premium Financial Accounting Standards Board International Financial Reporting Standards Financial statements
control system 1) To combine the ideas of all levels of management in the preparation of a budget. 2) To coordinate all the activities of the business so that each is part of an integral total. 3) To centralized control for example to control each function so that the best possible results may b obtained. 4) To decentralizes (delegate) responsibility to each manager involved. 5) To act as a guide for management decision when unforeseeable conditions affect the budget.
Premium Budget Budgets
Chapter 1—Introduction to Cost Management LEARNING OBJECTIVES |LO 1 |What are the relationships among financial‚ management‚ and cost accounting? | |LO 2 |What are two common organizational strategies? | |LO 3 |What is a value chain‚ and what are the major value chain functions? | |LO 4
Premium
Section – DAY and TIME /100 Section I: 7 Multiple Choice Questions (3 marks each‚ 21 marks in total) : Please circle the single best answer for the multiple-choice questions. 1. Which of the following terms is NOT an objective of a management accounting system? a. identify the cost of resources consumed in performing significant activities of the firm b. determine the efficiency and effectiveness of the activities performed. c. Identify and evaluate new activities that can improve the future
Premium Management accounting Variable cost Costs