Disclosure of Financial Statements: A Study on Mobile Telecommunication Companies in Bangladesh

Taposh Kumar Neogy
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Taposh Kumar Neogy: Assistant Professor (Accounting), Institute of Business Administration (National University), Rajshahi, BANGLADESH

American Journal of Trade and Policy, 2016, vol. 3, issue 1, 29-38

Abstract: Accounting information produced by AIS through preparing the different financial statements of the selected mobile telecommunication companies is used to meet the needs of interested stakeholders for effective decisions to serve additional purposes. The chosen mobile telecommunication companies follow the provision of IASs/BASs and IFRSs/BFRSs for preparing and presenting separate financial statements. Mobile telecommunication companies follow the Companies Act, 1994, the Securities and Exchange Rules 1987, and other applicable laws in Bangladesh. Accounting Information Systems of the selected mobile telecommunication companies collect, store, and disseminate data to provide meaningful information to the interested users that assist in planning, controlling, coordinating, analyzing, and taking effective decisions. The general purpose of preparing the different financial statements of the selected mobile telecommunication companies is to provide accounting information to the interested users for every effective decision-making process. Accurate judgments are impossible unless financial statements are clear and understandable by the interested parties. The study focuses on the disclosure scores of the selected mobile telecommunication companies' income statements and balance sheet items over five years, from 2008 to 2012. The results show that the average disclosure scores of income statement and balance sheet items are satisfactory. There is a significant difference in disclosure scores of income statement and balance sheet items of the selected mobile telecommunication companies during the period under study. The results also show that most of the respondents reveal that the accounting information produced by AIS of the chosen mobile telecommunication companies is moderately adequate and informative, and there was a significant and nonsignificant difference of opinions among the respondents regarding the adequacy and informativeness of accounting information produced by AIS of the selected mobile telecommunication companies.

Keywords: Disclosure; Financial Statements; Mobile Telecom Companies; Bangladesh (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2016
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