CHAPTER- 1

1.1 INTRODUCTION OF INTERNSHIP:

Theoretical knowledge becomes fulfilled when it is applied in practical field. As such
to apply the theoretical knowledge in practical field the department of accounting of
Rajshahi University has introduced an internship program as a part of its MBA academic
curriculum for its concerned students. Under this program each student has to take
practical training in a specific organiation for one month starting from !
nd
"une to !#
th
"une so that they can know how the theoretical knowledge can be applied in practical
field.
After taking practical training he has to prepare a report. This report is a report that is
re$uired to fulfill my academic lessons. % shall be amply awarded if some one gets a little
advantage from my report.
1.2 DEFINITION OF INTERNSHIP :
The part &%nternship' indicates practical training in any area. (tated in other word
internship is practically training in any real field where theoretical knowledge is
practically applied. %n academic teaching student become aware of common rules and
principles that should be followed in the typical situations due to various reasonable
causes. The participants of practical training become ac$uainted with practical rules that
in follow in practical situation. They also become aware of how practical practice deviate
from theoretical principles. Thus internship program e)pands the knowledge and it fulfils
the theoretical knowledge of the participants.
Chapter - 1 Page No.
Therefore in single word it would be called that internship is a process by which the
ac$uired knowledge if the participant become e)panded by application of academic
knowledge in practical field.
1.3 THE OBJECTIVES OF INTERNSHIP :
To give training to a worker to perform a works practically is called the internship.
As a result the practical objectives of internship are reflected. The objectives of internship
are given below*
+. To make the theoretical knowledge fruitful and timely.
!. To help the development of the relation between management and workers and to
make it production oriented.
,. To know about the relation of owner and employees- the condition of
appointment- law and order situation growth of production and other facilities.
.. To know about the method of correction of errors- formulation of co/operatives
and control process.
0. %ts one of the main objectives to give him probe knowledge if any internee is
appointed in the administrational job he can perform the job with credit.
1. 2ith a view build up and internee as an able worker.
1.4 THE SIGNIFICANCE OF INTERNSHIP:
Modern period is the age of big and heavy industry. A comprehensive lesson is
available in internship. All industries try to ma)imie its production and profit so skill
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labour and employee is essential. (o to achieve the goal as a student of Accounting bound
to take internship*
+. To improve theoretical knowledge
!. To increase production and improve the $uality of production.
,. To identify the problem of the industry
.. To find out the techni$ue and method for solving the problem of industry.
0. %n order to enhance the relation between administration and labour.
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CHAPTER- 2
2.1 Histori!" B!#$ro%&' o( R!)s*!*i S%$!r +i""s ,t'. -RS+.
Rajshahi (ugar Mills 3td. was established during +#10/11 with a cane crushing
capacity of +4+1 MTs sugarcane per day. The project cost was Tk. .56.56 lac out of
which foreign currency was Tk ,#4.1# lacs and local currency was Tk #6. +5 lacs.
%n +#15/1# the cane crushing capacity was increased form +4+1 MTs cane per day
to +0!. MTs cane per day. 7onse$uently- The crushing was increased from +4+1 MTs
cane per day to +0!. MTs cane per day with a cost of Tk. !,4..1.
7onsidering the potentiality and availability of enough sugarcane in and around
mills one BMR8 scheme- in two component- namely agricultural component and mills
rehabilitation was taken up with an estimated cost of Tk. !0.+. ,. lacs out of which
foreign currency was +++!.4. lacs. BMR8 for agricultural component was started in
+#5, and compelled in +#56 under. %.9.A credit. The BMR8 of milling component was
started in +##+ with credit from bank through :roject 8$uipment 7orporation of %ndia.
Total e)penditure for this BMR8 till date is Tk !0+1.+!1 lacs.
Rajshahi (ugar Mills 3td. contributed national e)che$uer from the date of
liberation to date the tune of Tk. 60!4.1# lacs by way of direct and indirect ta)es vi.
income ta)- e)cise duty ;AT etc. on top it Tk. 10+.5! lacs was spent for development of
socio/ economic infrastructure of the mills area in the form of road development
construction of bridges and culverts- approach feeder road etc and also for economic
well/ being of the cane growers of the locality. (ince liberation- the mill has not far
earned a profit of Tk ,56!.1! lacs in +6 crushing seasons and incurred a loss of Tk
!1.5.4, lacs in 5 crushing seasons the mills was profitable up to +##4/+##+ year.
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Chapter - 1 Page No.
Unfortunately the mills thereafter has sustained loss for the consecutive three years of
+##+/#!- +##!/#, and +##,/#. mainly becomes the selling price of sugar was net
commensurate to the cost of production and cost of sugarcane. The BMR8 works had to
spread over a period of three years and the BMR8 works and crushing of sugarcane unit
on simultaneously as a result of which both BMR8 works as well as the rate of crushing
suffered. BMR8 works completed last year <!44!=!44,> and the mills produced
!,-44#.44 MTs of sugarcane with a marginal profit of Tk. +6.51 lacs.
2.2 ,OCATION:
Rajshahi (ugar Mills 3td. located at ?orian which is +4 kilo meters away from
Rajshahi town and left side of Rajshahi @atore ?igh way. %t is the eastern side of
Rajshahi University. %t is situated over ##..4 Acre of land.
2.3 AT A G,ANCE OF RAJSHAHI SUGAR +I,,S ,TD:
A unit of Bangladesh (ugar and Aood. %ndustries 7orporation <B(A%7>.
+> @ame of the %nstitution* Rajshahi (ugar Mills 3td.
!> 8stablishment :eriod* 7onstruction start/ +#1, Ainished/ +#10.
,> ?ead office B(A%7* Admaee court ++0/!4 Motijheel commercial area 9haka/
+444.
.> :ost Address* :ost* ?orian- Rajshahi.
0> 8)pansion* Airst time/ +#15 and (econd time/ +#6!.
1> 9aily crushing power* %nitially / +4#1 MTs later/ +0!. MTs present/ !444 MTs
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Chapter - 1 Page No.
6> Bearly production capacity* :resent !44444 MTs.
5> Machinery supplier institution*
a> %nitially- Marlin C 2atson 7o. 3td. (cotland.
b> 8)tension* :roject e$uipment co/ operation %ndia and Arature C 2atson 7o
3td.
!> %nvestment*
a> Driginal cost/ !06..+ lacs Taka.
b> 8)pansion/ !,4. .1 3acs Taka.
TotalE .56. 56 3acs Taka.
,> 3and* <Area>*
a> Aactory C 7olony/ 6+-.. Acre.
b> 7ane purchansing center/ !!..6 Acre
c> 8)perimental firm/ +!5.44 Acre
d> Total land of Mills/ !,+.#+ Acre
e> Area of (ugar cane cultivation !44 ($uire Mills.
.> Aactory time* !. hours worked in seasonal time.
0> (hift* %n the season workers and other employees work in ,
shifts.
1> (hift time* 5 hours ) , shiftsE !. hours
6> Method of Accounting* %ntegrated system of cost and
financial accounting.
5> Method of 9epreciation* (traight line.
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#> Audit (ystem* %nternal C 8)ternal audit.
+4> 7apital*
Authoried capital = Tk 044-44-444.44
%ssued capital/ Tk. +04-44-444.44
:aid up capital/ Tk. +,4- 44- 444.44
++> Trade Union* There is a labor organiation. This organiation was founded
on +4
th
Dctober- +#16 by the name of Rajshahi (ugar Mills 3td. :roduction trade
union law of +#10.
+!> 7ontrol* The mills operated and controlled by B.(.A.%.7 under the Ministry
of %ndustry.
+,> 8ducation Aacilities*
a> ?igh school/ +
b> @umber of total students/ 1,.
c> Total number of class/ ++
d> @o of total teacher/ +#
+.> Residential Area*
a> Fuesthouse/ +.
b> Bachelor officers hostel/ +.
S%11!r2:
Type Accommodation Accommodation ?ouseG Room
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8mployeeG
workers
Aamily ++.64H !!.
Bachelor +4.0!H ,,
Dfficers
Aamily ,,.44H .!
Bachelor 5.44H +!
+0> Medical Aacilities*
a> @umber of 9octor/
b> @umber of beds/
+1> 8njoyment Aacilities
a> Dne general club for workers
b> Dfficer/
+6> 7anteen/ +
+5> Training Aacilities of Rajshahi (ugar Mills 3td. has a training comple)-
where officer and cultivators are trained by mills authority.
+#> Bank* + <Agroni Bank>.
!4> 2arehouse* !
!+> Mos$ue* +
!!> :roduct*
a> Main product/ (ugar
b> By product
i> Molasses.
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ii> Baggage.
iii> :as/mud.
!,> @o. of Transport*
@ame of transport Iuantit
y
Users Unsure
Truck 5 5 /
Tractor ++. 1# .0
Troly ,#0 ,00 .4
"eep 5 0 ,
Ambulance ! + +
!.> (taff salary of production* !#.++.10
!0> @o. of sugarcane purchase center/ 0+
!1> Main Raw material = (ugarcane
!6> 7ost of installation Tk. +5.66# Millions.
!5> 7urrent ownership Fovernment of the peoples republic of Bangladesh.
!#> (ources of Monetary fund*
a> (ales of produced sugar
b> Ainancial Assistances by Fovernment of Bangladesh.
CHAPTER- 3
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3.1 +6!&i&$ o( +6t*o'o"o$2
2e can say easily that methodology is a way to systematically solve the research
problem. Broadly says that methodology is the undertaking and rules of organiation of a
philosophical system of in$uire procedure.
%dentify the relevant sources of data application of appropriate data collection
method and use of proper statistical test and techni$ues for analysis the collected data etc.
are concerning methodology of the study.
3.2 +6t*o' o( o""6ti&$ I&(or1!tio&
To make the papers of practical training one can collect the information in many
ways like sending the $uestion paper by the investigator- taking personal interviews-
review and survey etc. % have implied the following two sources to collect information
from Rajshahi (ugar Mills 3td.
Pri1!r2 so%r6s:
At first % made $uestionnaire and handed over supplied them to the senior
administrative officer- accounts officer- production officer of the Mills. Then % asked
them my $uestion and collected information in this regard.
S6o&'!r2 so%r6:
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Chapter - 1 Page No.
The secondary data were collected form various document of the Mills. The
document are as follows*
<i> 9aily summary statements
<ii> Monthly summary statements
<iii> (ample of ledger book
<iv> Trial balance
<v> :rofit C loss appropriation account
<vi> 7ash flow statement
<vii> Balance sheet etc.
3.3 OBJECTIVES OF THE STUD8
The main objectives of the study are as follows*
i. To study the accounting auditing and reporting practices followed by the
industry.
ii. To study the legal framework regarding accounts audits and report.
iii. To suggest the better way for improving e)isting accounting and reporting
practice of the sugar mills.
iv. To study the organiational set/up of the accounts department.
v. To evaluate the accounting and reporting practices followed by the mills.
3.4 ,I+ITATION OF THE STUD8
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The study suffers from some problems as below*
<i> Reluctance of Rajshahi (ugar Mills in providing data on the plea of secrecy
hampered concrete analysis of accounting system and reporting practices in
same cases.
<ii> There are needed enormous time to accomplish this internship program
successfully- but the allocated time one month.
<iii> :roblems for lack of may knowledge about research work.
<iv> 9ata selection was not sufficient
CHAPTER- 4
4.1 DEFINITION OF ACCOUNTING:
Accounting in a practical matter. Accounting is a process by which overall result
and financial condition are unidentified and reviewed through recording the financial
transaction of a company and provided data to its users. The main purpose of accounting
is to identify and review the result and impact of economic activities of an organiation.
There are many definition of accounting one of them A%7:A <American %nstitute
of 7ertified :ublic Accountants> definition is discussed bellow*
JAccounting is the art of recording- classifying and summariing in a significant
manner and in terms of money- transaction and events which are in part at least- of
financial character and interpreting the result thereof.K
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Chapter - 1 Page No.
..! ACCOUNTING S8STE+:
The accounting system is the major $uantitative in formation system in almost
every organiation.
%n other word- Accounting system- may be defined as the collection- compilation
and systematic record of business transaction in terms of money- the preparation of
financial reports- the analysis and interpretation of these reports and the use of these
reports for the information and guidance of management.
Accounting system is a principal means for facilitating the management process of
planning and controlling. Accounting system records activities as they occur and provides
the feedback that is so essential to any information system.
Mainly two types of accounting system*
+. (eparate Accounting system.
!. %ntegrated Accounting system.
.., OBJECTIVES OF ACCOUNTING S8STE+:
Accounting system means some rules and regulation of accounting. The optimal
accounting system has same objectives- which are mentioned bellow*
i> %nternal reporting to mangers- for use in planning and controlling
the current operations.
ii> %nternal reporting to managers- for use in strategic planning that is
the making of special decisions and in the formulating of over/all
policies and long range plans.
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iii> 8)ternal reporting to shareholders- government and other outside
parties.
iv> To publish report within a short time for the concern people.
v> To provide a high degree of accuracy.
vi> To ma)imie the possibility of risk.
... NATURE OF ACCOUNTING S8STE+:
Accounting system is a form of an organiation which record report closely and
provide facilitated to the business management through determining some information.
i> A given period of profitGloss amount
ii> The assets C liabilities and net worth of the business at any time.
iii> %nformation which is must be provided to the government.
..0 +EANING OF INTEGRATED ACCOUNTING S8STE+ :
2hen cost and financial accounts are maintain separately- it is necessary to
reconcile the profit shown by one set of books with that show by other than. An
alternative accounting system which would avoiate the need for reconciling the financial
and cost accounts is known as integrated or integral accounting system.
%n the other word- a single book/keeping system which contains both financial and
cost accounts is knows as an integrated or integral accounting system.
..1 ADVANTAGES OF INTEGRATED ACCOUNTING S8STE+ :
An integrated accounting system has the following advantage*
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a> There is no problem of reconciliation as there will only be one profit amount.
b> This system is economical and easy to understand. 9uplication of work and labour
are avoided.
c> 7ost data can be presented promptly and regularly.
d> All cost data and accounts are automatically checked and thus cost figures are
accurate.
..6 INTEGRATED ACCOUNTING FOR RAJSHAHI SUGAR +I,,S:
%n "uly- +#16- the first integrated system for Rajshahi (ugar Mills was introduced
after a study of the then e)isting systems <i.e. separate system>. %t tried to correct four
basic options which were discovered in the old system namely non/ uniformity of
accounting methods and reports- absence of a reliable method to determine the unit cost
of sugar. The treatment of the seasonal nature of the industry - and the need for effective
budgetary control.
This latest revision of the original integrated system comes about because of the
development and e)tension of responsibility accounting and budgetary control. By
:lanning- :roduction and 7osts month by month for a financial year- by ascertaining the
responsibility for those costs and caling for e)planations of variance from plan- and by
employing a uniform code of accounts together with uniform monthly report forms- the
system outlined in the following pages is based firmly on the original integrated system.
@ew emphasis is placed on responsibility accounting. The role of cost centres in
controlling seasonal and non/ seasonal e)penditure is being underlined.
..5 ACCOUNTING C8C,E:
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Accounting cycle may be defined as the cycle that carries the complete se$uences of
accounting process which are repeated in the same order during each accounting period.
As soon as transactions take place they are recorded in journal and so the
Accounting cycle begins with the journaliing and concludes with the post closing trial
balance. %n its cyclic path it performs other accounting procedures such as classification
of business transactions- summariation of those transaction followed by the
interpretation and analysis of prepared statement. This periodic repetition of the
accounting process or system is referred to as accounting cycle.
Accounting cycle are shown below*
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Member <Ainance>
Ainance and Accounts
7hief finance and accounts officer
9eputy chief finance accounts officer
(enior finance officer
Ainance officer <+>
%nternal audit and inspection
(enior finance officer
Ainance officer <!>
Accounts officer salary- wages-
capital e)penditure etc. revenue etc.
Accounts officer
Budget- bill
receivable
revenue etc.
Chapter - 1 Page No.
3and Table
CHAPTER-/
ORGANI9ATIONA, SETUP OF THE FINANCE AND ACCOUNTING
DEPART+ENT
Ainance and accounts department is under the supervision of member <Ainance>
who is a $ualified person. The department is headed by a chief finance and accounts
officer is also a $ualified person.
0.+ DRFA@%LAT%D@ DA A%@A@78 A@9 A77DU@T( 98:ARTM8@T
The organiational structure of the fiancM and accounts department is given in the
following*
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/.2 FUNCTIONS OF FINANCE AND ACCOUNTS DEPART+ENT
The function of finance and account department are summaried below*
To maintain books of accounts and record therein by day to day transaction of the
mills.
:reparation of annual income and e)penditure statement and Balance sheet.
:reparation of periodical financial statement of industry.
To carry out pay fi)ation- prepare payroll and arrange payment of salaries and
wages.
To process bill for payment.
To furnish various data to management for financial control.
:reparation of budget and funds flow statement.
Maintenance of capital account and revenue account.
Maintenance of related accounts of fund of mills.
Maintenance of fi)ed and current assets and loans and related accounts.
:reparation of the accounts related to provident fund- gratuity- poor fund group
insurance and benevolent fund.
Maintenance of accounts related to collection of charges on accounts of electricity.
Maintenance of accounts related to granting loans and advance and its recovery or
payment to staffGworkers.
Assistance to %nternal and e)ternal auditor with supporting documents.
/.3 SECTION OF FINANCE AND ACCOUNTS DEPART+ENT :-
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Chapter - 1 Page No.
The finance and accounts department has seven sections such asN
Ainance and Budget section.
M.%.( (ection.
Bill (ection.
(ugar Account (ection.
(tore Account (ection.
(ales (ection.
Audit Account (ection.
/.4 ACTUA, +ANPO:ER OF FINANCE AND ACCOUNTING DEPART+ENT
OF RAJSHAHI SUGAR +I,,S ,TD.:
S,.No. N!16 o( O((ii!"s !&' St!(( N%1;6r
+. Member of finance +
!. 7hief finance and accounts officer +
,. 9eputy chief finance and accounts officer +
.. (enior account officer !
0. (enior finance officer +
1. Ainance officer +
6. Accounts officer +
5. Assistant account officer !
#. Accountant .
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Chapter - 1 Page No.
+4. (enior clark !
++. "unior clark !
+!. Bill che$uer !
+,. Typist !
+.. Bearer !
+0. :eon .
+1. Total !5
CHAPTER- 0
0.1 ACCOUNTING PRACTICE OF RAJSHAHI SUGAR +I,,S ,TD.
The industry is a product and service oriented organiation. ?ere accounting
practice is necessary not only for recording of transaction but also for managerial
planning and control. %t is also necessary for compliance with legal re$uirements. The
industry follows the double entry systems of recording transactions.
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0.2 +AINTENANCE OF NECESSAR8 BOO<S:
%t maintenance the following books for the purpose of recording transactions and
facilitating the preparation of financial statements*
<i> 7ash Book or Bank Book
<ii> "ournal
<iii> Feneral ledger
<iv> :ersonal 3edger
<v> 8)penditure ledger
<vi> %ncome ledger
<vii> Ai)ed Assets register
<viii> 7apital work in progress register.
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A ;ri6( 'is%ssio& o( =!rio%s ;oo# !r6 $i=6& ;6"o>-
-i. C!s* Boo# or B!&# Boo#:
%n the industry there is no cash transaction for receipts and e)penditure. All
receipts and e)penditure are made through Bank. (o it is one of the important books of
accounts and record of receipts and e)penditure.
-ii. Jo%r&!":
"ournal is used for recording transaction with different users and principals. 8ntries
relating to dealings with them are passed on the basis of accounts submitted by them
<user>. Besides opening- closing adjustment and rectifying entries are passed though
journal.
-iii. G6&6r!" ,6'$6r:
%t contains the accounts of assets and liabilities other than fi)ed assets capital
work/ in process and those of personal ledger. The chart of account for general ledger
contains as many one hundred and thirty eight account. Under this head investments
stores- trade debtors- sundry debtors advances deposit- prepayments- cash in hand- cash at
bank- capital accounts- capital reserve- revenue reserve- long term loans- government
loan- creditors advance and deposits received- collection on agent- accrued interest due-
other accrued e)penses and provision and sundry credit balance and the like.
-i=. P6rso&!" "6'$6r:
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%t contains the personal accounts in respect of (ugar cane purchases- handling
labour- revenue and capital e)penditure.
-=. E?@6&'it%r6 "6'$6r:
%t records revenue e)penditure analyed by cost centers/
E?!1@"6: Dver :rofit Bonus- leave pay and gratuity- employee contribution to provident
found etc.
-=i. I&o16 "6'$6r:
%t contains all accounts of income of the mills.
E?!1@"6: (ales of sugar- sales of bagasse and molasses.
-=ii. Fi?6' Ass6ts R6$ist6r:
This register is maintained for recording control and subsidiary accounts of all
fi)ed assets owned by the mill- control accounts are maintained for trial balance
preparation.
-=iii. C!@it!" :or# I& Pro6ss R6$ist6r:
The register is maintained for recording e)penditure incurred in respect of going
projects. 7ontrol Accounts are maintained for keeping projectwise accounts while
subsidiary accounts are kept for detailed regarding of individual assets.
Besides the above principal book the mills maintains a good number of subsidiary
books for facilitating their preparation.
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0.3 PREPARATION OF TRAI, BA,ANCE
After the preparation of above journal and ledger books the mill prepare trial
balance at the end of accounting year.
0.4 PREPARATION OF FINANCIA, STATE+ENTS
2hen trial Balance is prepared then the mill prepare the following financial
statement*
-!. +!&%(!t%ri&$ Tr!'i&$ Ao%&t !&' Pro(it A ,oss Ao%&t:
This account is prepared with the balances of the income ledger and e)penditure
ledger. %ncome are classified according to the chart of accounts while the e)penditures
are classified by cost centers. The Manufacturing Trading and :rofit C 3oss Account
shows the net surplus or deficit during the accounting period.
-;. B!"!&6 S*66t:
The balance sheet is prepared with the balance of general ledger- personal ledger-
Ai)ed assets register- capital- work/in/process resister and cash book classification of
investment. 7urrent assets and current liabilities are made in accordance with the chart of
accounts for general ledger. The balance sheet shown fi)ed assets- @et current Assets-
assets employed and the mode of financing the assets i.e. financing by long term loan by
capital and other funds.
0./ CODING S8STE+ USED:
Aor the purpose of the manual system the mills have to establish the following
code for different ?ead of Accounts- which is shown below*
The Rajshahi (ugar Mills 3td.
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Chapter - 1 Page No.
7oding plant for 7ontrol Accounts
7lass and Accounts title 7ode <Aive digit code>
Balance (heet*
(hare capital and reserves +!-444 to +0- #44
3oan capital +1-444 to +1- #44
7urrent liabilities +5-444 to !1- 444
Balance sheet items
Ai)ed Assets and 9epreciation !4-444 to ,0- 144
7urrent Assets ,0-444 to .0- 044
%ncome Accounts .1-444 to 04- 044
7ost of production Accounts 0+-444 to 05- 144
8)penditure 0#-444 to #5- 044
0.0 COST CENTER CODE
The new cost centre code is designed to place greater emphasis on responsibility
accounting. Upto ,4
th
"une +#6.- ten cost centre were is use. These have now been
e)tended to thirteen and reordered so that their se$uence corresponds to the production
process The code numbers given to each cost centre conform to a pattern which- it is
hoped- will eventually apply uniformly throughout the nationalied industries of
Bangladesh. Broadly- the :attern isN
Manufacturing- :acking and (toring take the digits 44/,#.
Ancillary (ervices to the mills take the digits/ 64/65.
Administration takes the digits/ 6#/##.
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Applying this broad pattern to the (ugar industry given the following cost centers
and code should be used from the +5 "uly +#1.*
Cost C6&tr6 Co'6
7ane procurement 4+
Transport 4!
7rushing and Mechanical maintenance 40
(ugar processing and chemical control 41
(ales and 9istribution ,0
(team Feneration .4
:ower Feneration .+
8lectrical Maintenance ..
7ivil Maintenance .0
7ane 9evelopment 1,
8)perimental farm 1.
Machine 7ultivate 11
Accounts 1#
Administration 5!

0.0 ACCOUNTING PRINCIP,ES
The structure of accounting system has developed over the countries through a set
of principles- which is preparing convention. %n the accounting process the mills follows
the following Feneral Accepted Accounting :rinciples- <FAA:>*
a> 8ntity principle
b> 9ouble entry principle
c> Money Measurement principle
d> Dbjective evidence principle
e> ?istorical cost principle
f> Foing concern principle
g> Accounting period principle
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Chapter - 1 Page No.
h> Accrual principle
i> Matching principle
j> 7onsistency convention
k> 7onservatism convention.
l> Materiality convention.
m> 9isclosure convention

0.4. ACCOUNTING STANDARD
Accounting standard may be defined as the method of accounting- their
applications in practice and their disclosures in the financial statement set by professional
or governmental bodies as recommendations or regulation after appropriate studies-
consultation and tests.
The %nstitute of 7ost and Management Accounts of Bangladesh <%7MAB> and the
%nstitute of 7harted Accounts of Bangladesh <%7AB> the two wings of accountancy
profession in Bangladesh. Both %7MAB and %7AB are member of the %nternational
Accounting (tandards 7ommittee <%A(7> and has adopted +1 %.A.( which is named once
as Accounting (tandard in Bangladesh.
Rajshahi (ugar Mills 3td. follows the following standards*
A(/ +* 9isclosure of accounting principle = %A(/%
A(/ !* %nformation to be disclosed in financial statement =%A(/0
A(/ ,* Accounting for property plant and e$uipment/ %A(/ +1
A(/ .* 9epreciation Accounting = %A(/.
A(/ 1* (tatement of charges in financial position = %A(/1
A(/ +!* Revenue Recognition =%A(/+!
Department of Accounting, University of Rajshahi.
23
Chapter - 1 Page No.
A(/ +1* Related party disclosure/ %A(/!.
CHAPTER- 3
3.1 REPORTING PRACTICES OF RAJSHAHI SUGAR +I,,S ,TD
The reporting practices of Rajshahi (ugar Mills 3td. is of two kinds. i.e. %nternal
and Annual reporting- they are described below*

3.2 INTERNA, REPORT
%nternal reporting is very much important for managerial decision. Aor the purpose
of managerial decision accounting data and information are supplied on monthly and
$uarterly basis to the officials.
a> Monthly M%( statement
b> Monthly operating result statement
c> Monthly statement showing budget and cost center.
d> Monthly sales.

3.3 ANNUA, REPORT
The mills authority is under legal obligation to submit an annual report to the
corporation offer the end of every financial year.
A scamming of the annual report of the mills shows that it contains the following*
a> A report on the performance of the mills
b> Auditors reports
c> Balance sheet
Department of Accounting, University of Rajshahi.
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Chapter - 1 Page No.
d> Manufacturing and profit C loss account
e> 7ash flow statement
f> M%( report
g> (tatement showing budget and actual e)penditure with variance.
h> Monitoring scale.
A. No. o( @6r(or1!&6 r6@ort:
The performance report contains a description of the activities of the mills during
the financial year the following head*
a> Iuantity of the product during the year
b> (ales performance
c> 3abour force
d> Fross profit and e)penditure
e> :rofit performance
f> 3i$uidity ratios
g> 7apital structure
B. A%'itors r6@ort:
The annual report of the mills contains auditors report. %t is prepared in accordance with
the sugar mills corporation ordinance/ +#6!. The auditors submitted an un$ualified report
which is shown below*
Auditors Report to the (hare holders of
Rajshahi (ugar Mills 3td.
2e have audited the accompanying balance sheet of the RA"(?A?% (UFAR
M%33( 3T9. as of ,4 "une !44+ and the related profit C loss account and cash flows for
the year ended. The preparation of these financial statement is the responsibility of the
Department of Accounting, University of Rajshahi.
25
Chapter - 1 Page No.
company's management. Dur responsibility is to e)press and independent opinion on
these financial statement based on our audit.
2e conducted our auditor in accordance with Bangladesh Accounting (tandard.
Those standards re$uired that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of misstatement. An audit
includes e)amining- on a test basis- evidence supporting the amounts and disclosures the
financial statement made by presentation. 2e believe that our audit provides a reasonable
basis for our opinion.
%n our opinion- these financial statements- prepared in accordance with Bangladesh
Accounting (tandard given a true and fair view of the state of the company's affairs as of
,4 "une !44+ and of the results of its operations and its cash flow for the year then ended
and comply with the company's act +##. and other applicable laws and regulations.
:6 !"so r6@ort t*!t:
a> 2e have obtained all the information and e)planations which to the best of our
knowledge and belief were necessary for the purpose of our audit made due
verification thereof*
b> %n our opinion- proper books of accounts as re$uired by law have been kept by
the company so for as it appeared from our e)amination of those books.
c> The company's balance sheet and profit and loss accounts dealt with the report
are in agreement with the books of account.
Toha Ohan Laman C 7ompany Toha Ohan Laman C 7ompany
7hartered Accounts 7hartered Accounts
9ated/ 9haka 9ated/ 9haka
"une- ,4- !44! "une- ,4- !44!
C. BA,ANCE SHEET:
Department of Accounting, University of Rajshahi.
37
Chapter - 1 Page No.
Balance sheet of the mills is drown up in vertical form shows the figure of the
current year and previous year.
The Balance sheet is presented is the following :attern*
RAJSHAHI SUGAR +I,,S ,TD. HARIAN RAJSHAHI.
BA,ANCE SHEET A ON 37B JUNE 2772
P!rti%"!r C%rr6&t
86!r
Pr6=io%s
86!r
Ai)ed Assets P P P P P P P P
7urrent Assets P P P P P P P P
%nventories P P P P P P P P
(undry debtors P P P P P P P P
3oans- Advances 9eposits C :re/ payment P P P P P P P P
%nter project 7urrent Account P P P P P P P P
7urrent Account with B8A%7 P P P P P P P P
3oans to (etabgonj (ugar Mills 3td. P P P P P P P P
Advance payment of ta) P P P P P P P P
7ash CBank balance P P P P P P P P
Total 7urrent Asset. P P P P P P P P
C%rr6&t ,i!;i"it2 C C C C C C C C
Trade creditors P P P P P P P P
3iabilities for goods C supplied P P P P P P P P
3iabilities for other finance P P P P P P P P
%nter project 7urrent Account P P P P P P P P
7urrent Account with B(A%7 P P P P P P P P
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Chapter - 1 Page No.
:rovision for %ncome Ta) P P P P P P P P
3oans from R"(M provident fund P P P P P P P P
3eave pay Fratuity P P P P P P P P
7ash 7redit P P P P P P P P
Tot!" C%rr6&t "i!;i"iti6s P P P P P P P P
@et 7urrent liabilities P P P P P P P P
@et AssetsG 3iabilities P P P P P P P P
9iffered 8)penditure P P P P P P P P
Ainance By* P P P P P P P P
Authories capital*
authorie capital* 0-444-444 ordinary shareQTk.+4
P P P P P P P P
%ssued capital*
+0-44-444 ordinary shareQTk.+4 P P P P P P P P
(ubscrib C :aid up capital*
+,-44-444 ordinary shareQTk.+4 P P P P P P P P
Fovernment e$uity fund* P P P P P P P P
Reserve C (urplus* P P P P P P P P
Fovernment Frant* P P P P P P P P
Accumulated losses P P P P P P P P
3oan 7apital* P P P P P P P P
P P P P P P P P
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Chapter - 1 Page No.
'. +!&%(!t%ri&$ tr!'i&$ !o%&t !&' @ro(it A "oss Ao%&t:
The manufacturing trading and profit C loss account figures of the current is also
prepared in the vertical form and shows the figures of the current year. The previous year.
The manufacturing trading account and profit and loss account is prepared in the
following manner.
P!rti%"!r C%rr6&t 86!r Pr6=io%s 86!r
(ales* (ugar
Molasses
7ost of goods sold* P P P P P P P P
7ost of production P P P P P P P P
9irect e)penses P P P P P P P P
7ost of cane P P P P P P P P
7ane incidental P P P P P P P P
Dther product materials P P P P P P P P
Aactory salaries and wages P P P P P P P P
%nsurance P P P P P P P P
Repair and maintenance P P P P P P P P
:ower and fuel P P P P P P P P
9eprecation C C C C C C C C
Dther factory of overhead P P P P P P P P
(ugar cane e)penses P P P P P P P P
Dpening work/ in/ process P P P P P P P P
7losing work/ in process P P P P P P P P
7ost of production P P P P P P P P
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Chapter - 1 Page No.
Dpening stock of finished goods P P P P P P P P
7losing stock of finished goods P P P P P P P P
7ost of Foods sold P P P P P P P P
Fross profitGlosses C C C C C C C C
(ale of imported (ugar by B(A%7 P P P P P P P P
Misscellaneous %ncome
8)penditure* P P P P P P P P
Administrative e)penses P P P P P P P P
Ainancial changes P P P P P P P P
%nsurance P P P P P P P P
9epreciation P P P P P P P P
(elling e)penses 7ost of %mported sugar by
B(A%7
P P P P P P P P
@et 3osses of e)perimental farm C C C C C C C C
@et profitG losses P P P P P P P P
Accumulated <3osses> Brought P P P P P P P P
:revious years adjustment P P P P P P P P
Accumulated <3osses> carried forward. P P P P P P P P
Department of Accounting, University of Rajshahi.
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Chapter - 1 Page No.
7. Rajshahi (ugar Mills 3td.
7ash flow statement
Aor the year ended ,4 "une !44!
P!rti%"!r C%rr6&t
86!r
Pr6=io%s
86!r
(ources of 7ash* TO TO
9epreciation P P P P P P P P
9ecrease in sundry debtors P P P P P P P P
9ecrease in lone of ((M 3td. P P P P P P P P
%ncrease in liabilities for goods supplied P P P P P P P P
%ncrease in 3iabilities for other finance P P P P P P P P
%ncrease in inter project current account P P P P P P P P
%ncrease in loan from R"(M:.A Aund P P P P P P P P
9ecrease in stock and stores P P P P P P P P
9ecrease in inter project current AGc P P P P P P P P
%ncrease in level pay gratuity P P P P P P P P
%ncrease in cash credit C C C C C C C C
A::3%7AT%D@ DA 7A(?*
@et losses P P P P P P P P
:rior year Adjustments P P P P P P P P
9ecrease in Fovt. Frant P P P P P P P P
9ecrease in loan capital P P P P P P P P
Addition to fi)ed Assets P P P P P P P P
%ncrease in loan and advance P P P P P P P P
%ncrease in %nvestors P P P P P P P P
%ncrease in Advance :ayment of Ta) P P P P P P P P
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Chapter - 1 Page No.
%ncrease in inter project current AGconsumers P P P P P P P P
%ncrease in current Account with B(A%7 P P P P P P P P
9ecrease in Trade creditors P P P P P P P P
9ecrease in liabilities for e)pression P P P P P P P P
%ncreaseG9ecrease in cash C Bank Balance P P P P P P P P
3.4 Us6rs !&' %s6s o( (i&!&i!" r6@orti&$ o( R!)s*!*i S%$!r +i""s ,t'.
%n Bangladesh no other organiation- so much demand of so many bodies lies as on
seventeen sugar mills is one. Being an autonomous product oriented organiation. The
user and uses of financial reporting of the mills are very wide. The users and uses of
financial reporting of Rajshahi (ugar Mills are summaried in the following*
C*!ir1!& o( t*6 BSFIC: 7hairman of the corporation uses the financial reporting
for the purpose of major decision likeN asset build up- replacement of assets- ac$uisition-
evaluation of performance and the like.
+61;6r (i&!&6: Ainance and accounting department is under the control of member
finance financial reporting of the authority is mostly used by the member finance for
performance evaluation and managerial decision.
C*i6( A%'itor: 7hief auditor is responsible for the audit programme of the authority.
?e used report future course of action.
C*i6( (i&!&6 !&' !o%&ts o((i6r: 7hief finance and accounts officer used the
financial report for performance evaluation and decision making
Go=6r&16&t -+i&istr2 o( i&'%str2.: Fovernment is the e)ternal user of financial
reports. Ministry of Bangladesh government uses the financial reports of the mills for the
purpose of development budget- loan sanctioning and other decisions.
Department of Accounting, University of Rajshahi.
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Chapter - 1 Page No.
Tr!'6 %&io&: Aor the purpose of salary. 2ages increment and other benefits trade
union uses financial reports.
3./ RECO++ENDATION
Aorm the preceding discussion it is clear that accounting system has over the years
and has now taken a concert shape. The authority has put in efforts to modernies the
accounting the accounting system.
At the moment the annual reports are prepare in Bengali. But 8nglish should be
included with Bengali. (o that the interested parties can have a better understanding
about the activities of the mills and its financial position. The Bengali rendering of the
report will increase its usefulness.
To make the reporting more comprehensives a statement of cost analysis should be
attached with the financial statement showing the constituent element of e)penditure of
each unit.
A@@6&'i? D B
7omparative cash flow statement of Rajshahi (ugar Mills 3td.
9uring the period of +##6/#5 to !44+/4!
A. So%r6 o( !s* 1553-54 T#. 1554-55
T#.
1555-2777 T#.
7ash at bank balance <opening>
Department of Accounting, University of Rajshahi.
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Chapter - 1 Page No.
:rior year adjustment
9epreciation +5##..46 +6!,.+11 +#506!,#
9ecrease in sundry debtors 1!!.+!5 145,0, +,4,#5#
9ecrease in loan to (etabgong (ugar Mills 3td. +554444 ++444444
%ncrease in liabilities for gods supplied .#4505 10#60.
%ncrease in liabilities in for other finance !#+11,,. !!5##544
%ncrease in inter project current account <9r> +++65#1 1+,45+
%ncrease in loan from R"(M :.A fund !.!44444 #144444
9ecrease in (tock C stores 06,,541 .00!4,.6
9ecrease in inter project current account <7r.> !#10!0
%ncrease in leave pay Fraruity .!4!+6! ##6,#!64 1,50+..
%ncrease in cash credit +65..,54 !05166##
%ncrease in reserve and surplus !1.!+,#
%ncrease in sales adjustment of fi)ed assets +!+#464
%ncrease in current account with B(A%7 +064,61.#
9ecrease in current account with B(A%7 .4+4,0.0
3iabilities for e)penses
(ales of fi)ed assets
Total (ources of cash ++4+04046 +55!!!!!, !6.41#+!!
Department of Accounting, University of Rajshahi.
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Chapter - 1 Page No.
A@@6&'i? D C
7ash flow statement of Rajshahi (ugar Mills 3td.
Rajshahi (ugar Mills 3td.
7omparative cash flow statement
9uring the period of +##6/#5 to !44+/4!
B. A@@"i!tio& o( !s* 1553-54
T#.
1554-55
T#.
1555-2777
T#.
@et losses 5041#+.. 1!,+#!.6 +.+,.#46#
:rior year adjustment !!.5!4 .06,6014 +0!+#46
9ecrease in Fovt. grant .!.4! .!.4! .!.4!
9ecrease in loan capital ,55!1.4 +0541445 ,!!+.!,#
Addition to fi)ed !46!!1! 05001. ,11#605
%ncrease in loan advance 1#0+#,6 ,50.140 +#011
%ncrease in inventories ..,51+!0
%ncrease in advance payment of ta) #5,,#! 1!11+5 ,4+6+1
9ecrease in inter project current account 6,6505 6!+,#5
9ecrease in current account with B(A%7 <7r.> 1!5+,.5 +0,,.61#
%ncrease in trade creditors +4#05600 61014, ++0#1.!
9ecrease in liabilities for e)penses ,..165, +5+5565 +.5,!#
9ecrease in liabilities for e)penses 1.40.
9ecrease in liabilities for goods and supplies !6,1!1.5
9ecrease in liabilities for other finance 14+,5051
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Chapter - 1 Page No.
9ecrease in cash credit !,654#1
%ncrease in inter project current account
3oan from R"(M provident fund
7urrent account with B(A%7 <9r>
Revenue paid to government
:rofit on sales of fi)ed assets
Total Application of cash ++##+,.5, +#!4+0,,6 !6+4##.64
7ash and Bank balance ,4
th
"une !44+
Dpening cash balance = closing cash balance
%ncreaseGdecrease in cash and Bank Balance <#61!#60> <,6#,++.> !#1#10!
Department of Accounting, University of Rajshahi.
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Chapter - 1 Page No.
A@@6&'i? D D
7omparative Manufacturing- Trading and :rofit C 3oss Account of Rajshahi (ugar Mills
3td.
?orian- Rajshahi
7omparative Manufacturing- trading and :rofit C 3oss Account
Aor the year ended +##6/#5 to !44+/4!
P!rti%"!rs 1553-54
T#.
15554-55
T#.
1555-2777 T#.
(ales (ugar ,,,+.,004.#4 !1,0!#415.+4 !+4,5,!16.66
Molasses +610!++5.,+ +.#504#,.1, 5+#6,+5.+#
@et (ales ,046#011#.+ !650+.+1+.6, !+5054050.#1
7ost of goods sold
7ost of :roduction*
9irect e)penses*
7ost of cane
+5.414,45.+5 +#54#!+5+.6,
#4+,!!5#.!,
7ane incidental #.1#.1#.1, ++!!,561.+0 06.#.+!.50
Dther production
materials
546!!!!.,5 150+05!., ,06!615.0#
Aactory salaries C
wages
##+#+64#.#, ##!!610#.+! 505.+416..5
%nsurance !.41!,.#+ ,6.6,5.1! !0+00,.5#
Repair C
maintenance
+#4+!0#+.6! +#.544,4... !++.451..+#
:ower C fuel ++0.4!6..+5 +!6.#!64.14 +4546,#,..!
9epreciation +6+65066.5+ +0.!0!01.!, +56.45#..4,
Department of Accounting, University of Rajshahi.
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Chapter - 1 Page No.
Dther factory
overhead
!0,6005..6 ,..4#,+.4+ !1+0.41..#
(ugar cane e)penses ..5!#4..4 64004!.05 .!,0#1.1+
Dpening working
process
7losing working
process
,0+60+1!1.1+
!6!6#..46
<!640++.4!>
,160645!5.15
!640++.4!
<,46,!0.##>
!,#!60!.1.65
,46,!0.##
<!66+,1.0,>
7ost of production
Dpening stock of
finished goods
7losing stock of
finished goods
,0+60,#4#.11
!#5#!54#
<!14#04#,.,!>
,160,.4+,.5#
!14#04#,.,!
<0++5+006.!0>
!,#!#0.,1.!.
06+5+006.!0
<+46!..!4.40>
7ost of goods sold ,0000+1!0.,. ,,1..60.#.#1 !5060!06,...
Fross profitGloss
(ales of imported
sugar by B(A%7
Miscellaneous
%ncome
<.600#01.+,>
!5.44.4.##
<06#,,,55.!,>
..#455#!5.01
,,.1!,4.0+
<16+6+#56..5>
,,#1,66.6
<+#+0#+0.+.> ,#.04+664.5. <1,66104#.65>
8)penditure *
Administrative
e)penses
Repair and
maintenance
+444!611.01
64+51.55
.45#4+11
+.16#5!#.+,
60.##..,
.!#64,,+..1
11!##5..+0
+4#!04.51
,55,5..!.!6
Department of Accounting, University of Rajshahi.
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Chapter - 1 Page No.
Ainancial charges
%nsurance
9epreciation
(alary and wages
(elling e)penses
7ost of imported
sugar by B(A%7
@et loss of
e)perimental firm
#+4664.00
+61016,.4#
!6#.+406.05
15#650.!4
55!5!,..1
+.1456,.5,
+601444.5+
,4+4.,64.5#
+11+01..#
,1.00604,.!6
+40400!.11
+00.,!5.5.
+405,1,.,0
!6556#!0.46
+4!5,1.16
+,#!,,6.1
Audit fees 5,+0,!!#.,! .015!+++6.#6 6606,.15.5+
@et profit or losses <5041#+....1> <1!,+#,.6.+,> <+.+,.#465.0#>
Accumulated
<3osses>
:orvious year's
Adjustment
Revenue paid to
Fovt. *
Refund in respect of
e)cess
Ainancial e)penses
Accunulated
<3osses> carried
forward
<,6,6+!,+#.#4>
<!!.5!4.44>
<.0#441!5..,1>
<.0#441!5..,1>
<.06,600#.!5>
<01641,+#4.66>
<01641,+#4.66>
<+.16444.44>
<0.#46.,!>
<64##,.+61.15>
Department of Accounting, University of Rajshahi.
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Chapter - 1 Page No.
A@@6&'i? D E
7omparative Balance of Rajshahi (ugar Mills 3td.
?orian- Rajshahi
7omparative Balance (heet
Aor the year ended +##6/#5 to !44+/4!
P!rti%"!rs 1553-54
T#.
1554-55
T#.
1555-2777
T#.
2777-2771 T#.
Ai)ed assets !!.5,,0,4.60 !45+5.#!5..+ +#4656,66.4
5
+651,05!!
7urrent assets /////////////
%nventories 0.0.#!+#.5. #5#,0,...05 .!46.6,,.0. 1566!#,0
(undry debtors !6.#4.+.#1 !+.415#.+5 5,1644.!! !64.++0
3oan and advance .0.1,##!.!1 .#,+50#6.46 .#,,5+1,..4 1014!.61
%nter project current
account
616!+1#.5# 5.+44!5.++ +4655+!..06 5#0,16
7urrent account with
B(A%7
!.615661.1! .4+4,,0.0.!1 6+50,4+6
3oan to setabjong
(ugar Mills 3td.
,,,!4444.44 +!,!4444.44 +!,!4444.44 +!,!4444
Advance payment of
ta)
++.!0006..0, ++.55!0#!.0, ++0+#,,45.4
,
++0!++66+
7ash and bank
balance
...664!.,5 10.0554.!5 ,1!.!.+.+. +1+5#0!
Aertilier and
chemicals
++,.4!1,.,6 51#41.+
Department of Accounting, University of Rajshahi.
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Chapter - 1 Page No.
Trade debtors 1!.56
Dther current assets ////
Total current assets !66!!1566..5 ,!1610,50.4+ !.00+00,..!
6
,006#4+1+
7urrent liabilities *
Trade creditors !+456#..44 +,.,+#+.+0 +5,0.#.44 +.,+!+
3iabilities for goods
and supplies
!40,+10.44 !6+!#+#... !1.5510.4! .5,4!.+
3iabilities for
e)penses
+406+!6..!6 560!,#0.50 514.411.0! +!061#01
3iabilities for other
finance
+!5!4..+,..6 +0++4.!+,.+0 +!,6.!01..#
4
+,#006#6.
%nter project current
account
+0+!!#.6..+ +06,14!5.!. +04+.1,4.1+ +051!6!+
:rovision for income
ta)
+,!.+65+4 +,!.+65+4 +,!.+65+4 +,!.+65+4
3oan from R"(M
provident fund
!.!44444 ,,544444 ,,544444 !554444
3eave pay gratuity +!1.04!60.#4 !!1+5#0.0.0# !,!06.15#.1
#
!,#+.6#5+
7ash credit !45005,5#.+! !,..!1+55.+! +6.!5614!.+
!
!.+0##.64
7urrent account with
B(%A7
+064,61.#.+
#
///
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Chapter - 1 Page No.
7urrent liabilities an
provision
/
Total current
liabilities
1.#15641#.+6 541.5!!#+.0. 554,++.!6.4
0
5+.#,1!6.
@et current assets <,6!.14+#+.1#> <.6#6+1#41.0,
>
<1,.6#05#!.
56>
<.0#+.1++,>
@et assets <+.61!1114.#.> <!6+0,+#65.+!
>
<...4+60+0.
64>
<!540+4!#+>
9eterred e)penditure +145461.+. +145461..6 +145461.+. +145461
<+.14+505..54> <!1##!,#4+.10
>
..!.4#.,#.0
1>
<!65#4!!+0>
Ainanced by*
(hare capital
Authoried capital
0444444 ordinary
share Q of Tk. +4
each
04444444 04444444 04444444 04444444
%ssued capital*
+044444
+0444444 +0444444 +0444444 +0444444
Drdinary share Q of
Tk. +4 each
(ubscribed and paid
up capital
++44444 ordinary
share Q of Tk. +4
each fully paid up
++444444 ++444444 ++444444 ++444444
Department of Accounting, University of Rajshahi.
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Chapter - 1 Page No.
!44444 ordinary share
Q of Tk. +4 each paid
up consideration then
cash
!444444 !444444 !444444 !444444
Fovt. e$uity fund +65411, +65411, +65411, +65411,
Reserve and surplus !#.0001.6, !#.0001.6, 00561#0... 00561#0
Frants !44!!4#.0, +#0#546.0, +#+6.40.04 +56044.
Accumulated losses <.0#441!5..,1> <01641,+#4.6,
>
64##,.+61.1
5>
<0,55!6004>
<.,#!66500.40> <0.6,66+1,.0+
>
<1561.5.+!.
6.>
<0+105.+55>
3oan capital !#,!0#!64.!0 !66.0,!1+.51 !.0!,5#6,.+
5
!,615+#6,
<+.14+505..54> <!1##!,#4+.10
>
<..!.4#.,#.
01>
<!65#4!!+0>
Appendi) / A
<3ist of Abbreviations of this Report>

+. MT / Metric Ton.
!. A%7:A / American %nstitute of 7ertified :ublic Accounting.
,. %9A / %nternational 9evelopment Association.
Department of Accounting, University of Rajshahi.
43
Chapter - 1 Page No.
.. R(M / Rajshahi (ugar Mills.
0. B(A%7 / Bangladesh (ugar C Aood %ndustries 7orporation.
1. M%( / Management %nformation (ystem.
6. BA( / Bangladesh Accounting (tandard.
5. FAA: / Fenerally Accepted Accounting :rinciples.
#. %7MAB / The %nstitute of 7ost and Management Accounts of Bangladesh.
+4.%7AB / The %nstitute of 7harted Accounts of Bangladesh.
++.%A(7 / %nternational Accounting (tandards 7ommittee.
+!.%A( / %nternational Accounting (tandard.
+,.A( / Accounting (tandard.
BIB,IOGRAPH8

+. A.O.M (habub Alam- Application of Accounting standard in Bangladesh- %7MA
"ournal session "une/"uly/ +##,- :/0,.
!. Accounting system for management control by Arancis 8- more C ?oward A-
(tettler.
,. Advance Accounting <;olume/+> By- M.M. Ohan.
.. Advanced Accounting <;olume/+> by Moafor Ahmad and (hahidul Alam.
Department of Accounting, University of Rajshahi.
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Chapter - 1 Page No.
0. Annual performance report of Rajshahi (ugar Mills 3td. = +##6/+##5 to
!44+/!44!.
1. At a glance of Rajshahi (ugar Mills 3td. !44+/!44!.
6. Australian 9evelopment Assistance Agency- 9evelopment of the Bangladesh
(ugar industry- 9haka/ "uly- +#61.
5. Bangladesh (ugar C Aood %ndustries 7orporation/(ugar %ndustry in Bangladesh.
#. 7ost Accounting by / Bhobatosh Banerjee.
+4. 7ost Accounting by / "awahar 3al.
++. %ntegrated Accounting (ystem for (ugar Mills 3td. +
st
"uly/+#6..
+!. Rajshahi (ugar Mills 3td. = Annual reports +##6/+##5 to !44+/!44!.
Department of Accounting, University of Rajshahi.
45