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 and Shamima Islam

International Journal of Science and Business, 2019, vol. 3, issue 6, 71-86

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.

Keywords: 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. (search for similar items in EconPapers)
Date: 2019
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