Dhaka University Affiliated Seven (7) Colleges

Subject: Accounting
Syllabus for Third Year BBA Honours Course
Effective from the Session: 2019-2020
Third Year
Acc. 253001 Advanced Financial Accounting
Acc. 253002 Audit & Assurance (in English)
Acc. 253003 Cost Accounting
Acc. 253004 Corporate Finance and Financial Management (in English)
Acc. 253005 Theory and Practice of Banking and Bank Accounting
Acc. 253006 Business & Commercial Laws
Acc. 253007 Research Methodology
Acc. 253008 Public Sector Accounting
Acc. 253001: Advanced Financial Accounting
Course Objectives:
The objectives of this course are:
(i) to introduce Partnership Accounting to students;
(ii) to give idea about issues of Corporate Accounting;
(iii) to give idea about advanced issues of Corporate Accounting;
(iv) to give elementary knowledge about Double Accounting, Insolvency
Accounting, etc.
1. Accounting for Partnership:
(a) Partnership Business and its Characteristics; Preparing Partnership
accounts; Form and
Contents of Financial Statements.
(b) Allocation of Earnings Among Partners – Treatment of Salaries –
Interest on Capital –
Drawings & Loans of Partners – Preparation of Financial statements.
(c) Admission of a Partner – Sale of a partnership interest – Investment
of an existing
partnership – Treatment of Goodwill – Revaluation of assets –
Preparation of Balance Sheet
after admission.
(d) Retirement and Death of a Partner: Determining and payment of the
amount due,
Treatment of Goodwill – Admission-cum-Retirement – Accounting
treatment for death of a
partner.
e) Dissolution of a Partnership firm – Accounting treatment of Gain on
Realization, Loss on
realization - in ' No capital deficiencies', & in 'capital deficiencies';
Piecemeal Distribution.
2. Accounting for Joint Venture:
Joint Venture Business and its Characteristics; Preparing accounts for
Joint Venture.
3. Accounting for Consignment Business:
Consignment Business and its Characteristics; Preparing accounts for
Consignment.
4. Accounting for Owner’s Equity / Corporate Capital Collection:
Equity in Non-Corporate Entities and in Corporate Entities; Variety of
Corporate Ownership
Interests; Corporate Capital; Issuance of Stock; Par Value stock; No-Par
stock; Stock sold on
a Subscription Basis; Stock Issued in Non cash Transactions; Cost of
Issuing Stock; Treasury
Stock; Purchase, Sale and Retiring Treasury Stock; Retained Earnings;
Dividends; Types of
Dividends; Stock Split; Statement of Changes in Stockholder’s Equity.
5. Preparation of Complete Set of Corporate Financial Statements:
Components of Financial Statement; Overall Consideration in
Preparation of Financial
Statement; Structure and Content of Financial Statement; Preparation
of Financial Statements
(Except cash flow statement) according to IAS 1; Cash and Cash
Equivalents; Statement of
Cash Flow; Benefits of Statement of Cash Flow; Presentation of a
Statement of Cash Flow;
Classification of the Activities Presented in the Statement of Cash Flow:
Operating,
Investing, and Financing activities; Foreign Currency Cash Flows;
Disclosures Requirements
as per IAS 7; Preparing a Statement of Cash Flow.
35
6. Ideas on Accounting for Operating Segments (Branch and
Departments).
7. Accounting for an Entity’s Interests in Other Entities–An
Introductory Idea:
(a) Interests in Subsidiaries (IFRS 3, IFRS 10 & IFRS 12); Interests in Joint
Arrangements
and Associates [IAS 28 (2011), IFRS 11 & IFRS 12]; Interests in
Structured Entities that are
not Controlled by the Entity (Unconsolidated Structured Entities) (IFRS
12); Interest in
another Entity Accounted for in accordance with IFRS 9 (Investment in
other Entity’s
Securities).
(b) Accounting for Interests in Subsidiaries (IFRS 3, IFRS 10 & IFRS 12):
(i) Group Accounts–Basic Principles: Context for Group Accounts; Single
Entity Concept;
Control and Ownership; Nature of Business Combinations (/
Amalgamation and Absorption);
Identifying the Acquirer; Measuring the Cost of a Business
Combination; Allocating the Cost
of Business Combination; Goodwill Calculation; Minority Interest;
Disclosure Requirements,
etc.
(ii) Group Accounts–Consolidated Balance Sheet: Goodwill Calculation;
Preparation of
Consolidated Balance Sheet; Mid-year Acquisitions; Intra-Group
Balances; Unrealized IntraGroup Profit; Fair Value Adjustments; Other
Consolidation Adjustments.
(iii) Group Accounts–Consolidated Statement of Financial Performance:
Preparation of
Consolidated Income Statement; Intra-Group Transactions and
Unrealized Profit; Mid-year
Acquisitions; Dividend; Other Consolidation Adjustments; Preparation
of Consolidated
Statement of Changes in Equity.
8. Accounting for Public Sector: Double Accounts, accounting for public
sector corporations.
9. Liquidation and bankruptcy: Individual; Partnership Firms and
Company; Bankruptcy Act
1997; Winding up in Insolvency and by the Court; Voluntary Winding
Up; Powers of the
Liquidators; Liquidator’s Accounts, Proof of Debts; Priority of Payment
of Debts;
Accounting for Liquidation and Bankruptcy.
Recommended Text Books:
1. Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus and Kenneth
Smith. Advanced Accounting (Prentice
Hall).
2. Donald E. Kieso, Jerry W. Weygandt and Terry D. Warfield.
Intermediate Accounting (IFRS Edition) (John
Wiley & Sons).
3. Ruth Picker, Ken Leo, Jennie Radford, Keith Alfredson, Paul Pactor
and Victoria Wise. Australian
Accounting Standards (John Wiley & Sons Australia, Ltd.).
4. Craig Deegan. Australian Financial Accounting (McGraw-Hill
Australia).
5. IASB, International Financial Reporting Standards.
References:
1. R. E. Baker, V. C. Lembke and T. E. King. Advanced Financial
Accounting (McGraw-Hill Irwin).
2. Ken J. Leo, John Hoggett and John Sweeting. Company Accounting
(Wiley & Sons Australia Ltd).
3. Prof. Shanti Narayan Ghosh et al. Advanced Accounting-I, Nadi
Publications, Dhaka, Bangladesh.
4. Prof. Shanti Narayan Ghosh et al. Advanced Accounting-II, Nadi
Publications, Dhaka, Bangladesh.

Acc. 253002: Audit and Assurance (in English)

Course Objectives:
The objectives of this course are:
(i) to introduce the concept of auditing and assurance services as a
demand driven discipline
necessitated by the economic imperative and guided by social
justification.
(ii) to give an idea use and process of Public Accounting, etc.
1. Introduction to Auditing:
The Historical Perspective; the ‘Why’ of Auditing; the Development of
Auditing; Audit Prior
to 1900s; 20th Century Audit Developments; Definitional Analysis of
Auditing; Purposes of
an Audit; Types of Audit; Economic and Social Roles for Auditing; the
Distinction between
Accounting and Auditing; the Assurance Framework; Demand for
Assurance; Applications
of the Assurance Function; Structure of Assurance Standards and
Pronouncements; the
Personal Qualities of an Assurance Provider.
2. Accounting Profession, Professional Ethics and Rules of Professional
Conduct:
Nature of the Environment; Self-Regulation by the Public Accounting
Profession; the
Organizations Involved; Definition of Ethics; Role of Ethical Codes and
its Importance for
Profession; Difference between Rules Based and Principles Based
Ethical Code; the Code of
Professional Conduct; IFAC Code of Ethics; Threats to Fundamental
Ethical Principles;
General and Technical Standards; Identify the Threats to the
Fundamental Ethical Principles:
Self-interest Threat; Self-review Threat; Management Threat; Advocacy
Threat; Familiarity
Threat; Intimidation Threat; Safeguards to Eliminate or Reduce Threats
to the Fundamental
Ethical Principles; Quality Controls within Audit Firms; Monitoring and
Enforcement;
Continuing Professional Education; Issues of Guidance on Professional
Matters; Issues
Threatening Auditor Integrity and Independence; Conflict of Interest;
Obtaining Professional
Work, Advertising and Publicity; Remuneration; Insider Dealing; Other
Matters.
3. Regulatory Framework for Auditing or Accounting Profession:
The Legal Environment; the Roles of IAASB and ICAB; Regulations as per
Companies Act
1994; Regulations as per Securities and Exchange Rules 1987;
Bangladesh Bank
Regulations; Self Regulatory Status of the Profession; Quality Assurance
Board; Civil
Liability; Liability to Clients; Liability to Third Parties; Criminal Liability;
Self Protection
against Liability; Notable Legal Cases.
4. Basic Auditing Concepts and Corporate Business Activity:
The Need for Corporate Audit Theory; Corporate Audit Theory and
Audit Issues; Corporate
Auditing Concepts; the Corporate Accounting Process and the Auditor;
Reality
and the Corporate Accounting Process; Economic Reality and the
Auditor; the Recognition
Problem and the Corporate Auditor; Users Decisions and the Corporate
Auditor; the
Corporate Auditor and the Informational Reliability; GAAP and the
Corporate Audit
Practice; the Meaning of Corporate Reporting Quality Overrides;
Corporate Reporting Labels
and Professional Power; Images and the Corporate Auditor.
5. The Elements of Auditing:
Auditing Procedures; Evidential Matter and its Relationship to
Procedures; Financial
Statement Assertions and Audit Objectives; Overview of the Audit Risk
Model; Types of
Audit Tests; Classification by Purpose of Tests; Types of Tests of
Control; Types of
Substantive Tests; Overview of an Audit of Financial Statements; the
Function of Working
Papers; the Contents and Requirements of Working Papers; Legal
Aspects of Working
Papers; Mechanics of Working Paper Preparation.
6. The Auditor and Errors & Fraud:
Introduction to the Concept; Definition of Error; Definition of Fraud;
Auditors’ and
Investigators’ Responsibilities; Conditions that Make Fraud Possible;
Fraud Prevention and
Fraud Detection; Schemes and Detection Procedures; Documents,
Sources and Extended
Procedures; Action to be taken on discovery of potential Errors and
Fraud; Reporting to
Stakeholders.
7. Understanding the Client and General Audit Planning:
Client Acceptance and Continuance; Quality Control Policies and
Procedures;
Communication with Previous Auditor; Engagement Letters;
Conferences with Client
Personnel; Knowledge of the Business; Organization Structure;
Operations of Legal
Structure; Industry and Economic Conditions; General Planning Decision
to be made;
Knowledge Obtained to Prepare Preliminary Audit Plan; Procedures in
Preparing Preliminary
Audit Plan; Audit Decisions in Preliminary Planning.
8. Understanding Internal Control and Assessing Control Risk:
The Internal Control Concepts and Components; Internal Control
Objectives; Elements of
Internal Control; Audit Strategy and the Internal Control Structure; Test
of Controls;
Existence, Effectiveness and Continuity of Controls; Reasons for Internal
Control Evaluation;
Phases of Internal Control Evaluation; Auditing Controls of Major
Activities; Revenues,
Receivables and Receipts; Expenditures, Payables and Disbursements;
Variations for other
Types of Transactions, including Contractual Transactions; Testing
Controls in Client
Computer Programmes; Assessing Control Risk; Documentation on the
Assessment of
Control Risk; Control Environment and Control Procedures; Considering
the Work of an
Internal Auditor; Internal Control in Specific Areas of Business;
Limitations of Internal
Control; Management vs. Auditor Responsibility.
9. The True and Fair View:
Introduction to the Concept; Accounting Propriety; Adequate
Disclosure; Audit Obligation;
Expectations of the Users; Relevance to the Informational Needs;
Objectivity; Freedom from
Bias; Beyond Simple Conformity; Least as Good.
10. Auditing Standards and Guidelines:
Bangladesh Auditing and Assurance Standards; Accounting Standards
and the Auditor; the
Standard Setting Process; the Financial Reporting Council; the Financial
Reporting Review
Panel; Audit and Assurance Council; Financial Reporting Standards;
Relevance of
Accounting Standards to Auditing.
Recommended Text Books:
1. A. Arens and J. K. Loebbecke. Auditing: An Integrated Approach
(Prentice Hall).
2. D. R. Carmichael, J. J. Willingham; C. A. Schaller. Auditing Concepts &
Methods
(McGraw-Hill).
3. Grant Gay and R. Simnet. Auditing and Assurance Services (McGraw-
Hill Irwin).
4. Iain Gray and S. Manson. The Audit Process (Chapman & Hall).
5. T. Lee. Corporate Audit Theory (Chapman & Hall).
6. A. H. Millichamp. Auditing (DP Publications).
7. C. Robertson. Auditing (Irwin).
8. E. Woolf. Auditing Today (Prentice Hall).
9. Shah Alam & Kazi Zahidul Haque. Auditing. The Angel Publications.
Dhaka.

Acc. 253003: Cost Accounting

Course Objectives:
The objectives of this course are:
(i) to introduce cost accounting as a separate branch of accounting;
(ii) to give an idea about measurement, analysis, accumulation and
control of various
elements of cost;
(iii) to give an elementary knowledge about preparation of cost sheet;
and
(iv) to give sufficient knowledge about preparation of financial
statements of a manufacturing
entity under both integral and non-integral system.
1. Introduction:
Manufacturing Concerns; Definitions; Characteristics; Manufacturing
Activity;
Manufacturing vs. Nonmanufacturing Concerns; Organization Structure;
Producing
Departments and Service Departments; Chart of Accounts; Financial
Statements of a
Manufacturing Concern.
2. Cost Accounting as a Discipline:
Definition and Objectives of Cost Accounting; Limitations of Financial
Accounting;
Importance of Cost Accounting; Cost Accounting vs. Financial
Accounting; Cost Accounting
vs. Management Accounting; Evolution of Cost Accounting;
Relationship of Cost
Accounting with Mathematics, Economics and Statistics; Methods and
Techniques of Cost
Accounting; Characteristics of an Ideal Cost Accounting System;
Installation of a Cost
Accounting System; Modern Trends in Cost Accounting.
3. Cost Concepts, Classification and Preparation of Cost Sheets:
Concepts of Asset, Cost, Expense, and Loss; Classification of Costs; Cost
Centre and Cost
Unit; Cost Object; Cost Accounting Cycle; Factory Cost Flow; Statement
of Cost of Goods
Manufactured and Sold; Income Statement.
4. Costing and Control of Materials:
a) Purchasing and Storing Materials: Classification of Materials;
Accounting for Materials;
Inventory Planning and Controlling: EOQ, Safety Stock and Reorder
Point; Material Control
Methods; Impact of JIT on Inventory Accounting; Materials
Requirement Planning System
(MRP); Materials Requisition, Materials Requisition Journal; Issuing
Materials to
Production.
b) IAS 2: Inventories: Objectives; Scope and Definitions; Measurement:
Cost of Inventories,
Cost Formulae (Specific Identification Methods: FIFO, Weighted
Average, Retail Method),
Net Realizable Value (NRV); Recognition as an Expense; Disclosure.
5. Costing and Control of Labor:
Productivity and Labor Cost; Classification of Labor; Labor Cost Records;
Accounting for
Labor: Incentive Wage Plan (Straight Piece Work Plan, 100 Percent
Bonus Plan and Group
Bonus Plan) and Other Methods (Taylor’s Differential Piece Rate,
Merrick Differential Piece
Rate, Gantt Task Bonus System, Emersion Efficiency System, Premium
Bonus Plans, Halsey
Scheme, Halsey Weir Scheme, Rowan Scheme, Barth Scheme,
Accelerating Premium Bonus
etc.); Computation of Total Payroll and Allocation of Payroll Costs;
Special Problems
Relating to Accounting for Labor: Idle Time, Overtime and Fringe
Benefit; Labor Turnover
and Control of Labor Turnover; Learning Curve Theory.
6. Costing, Allocation, Planning and Control of Manufacturing
Overhead:
Definition; Classification of Overheads; Actual and Predetermined
Factory Overhead; Actual
vs. Normal Costing; Predetermined Overhead Rates; Departmental vs.
Plant Wide Overhead
Rates; Production Capacity; Analysis and Disposition of Under Applied
and Over Applied
Overhead; Spending and Idle Capacity Variance; Allocation of Service
Department Cost;
Need for Cost Allocation; Guidelines for Cost Allocation; Cost Allocation
Methods: Direct
Method, Step Method, Reciprocal Method, Single and Dual Rate
Methods.
7. Job Order and Batch Costing:
Job Order Costing: Introduction, Main Features, Advantage and
Disadvantages; Job Costing
Procedure; Completing a Job Cost Sheet; Cost Control in Job Order
System; Spoiled Goods;
Defective Goods; Scrap Materials and Waste Materials in a Job Order
Cost System; Batch
Costing; Economic Batch Quantity.
8. Process Costing:
Nature of Process Costing; Similarities and Dissimilarities between Job
Order Costing and
Process Costing; Physical Flow; Flow of Costs; Elements of Process Costs
(Material, Labor,
Factory Overhead, and Transferred-in Costs); Methods of Determining
and Accounting for
Cost Flows (Weighted Average vs. FIFO); Equivalent Units of Production;
Cost of
Production Report; Journal Entries Using Process Costing; Accounting
for Normal Loss,
Abnormal Loss, Abnormal Gain and Scrap.
9. Cost Allocation: Joint Products and By-Products:
Basic Concepts: Joint Products and By Products, Common Costs and
Joint Costs, Split Off
Point and Separable Costs; Allocation of Joint Costs; Assignment of
Costs to Joint
Products: Market Based Approach and Physical Measurement;
Irrelevance of Joint Costs for
Decision Making; Accounting for By-Products: Production Method and
Sales Method;
Journal Entries for By-Products.
10. Standard Costing and Variance Analysis:
Meaning; Purposes of Standard Costs; Advantages of Standard Cost
System; Fixation of
Standards; Consideration in Establishing Standard; Types of Standards;
Calculation of
Variances: Material Price and Usage Variances, Labor Rate and
Efficiency Variances,
Overhead Volume and Spending Variances; Recording Journal Entries
Under the Standard
Costing System; Performance Report.
11. Service Costing (Operational Costing):
Meaning of Service Costing; Basic Principles; Accounting Records;
Transport Costing;
Canteen Costing; Hotel Costing; Power House Costing; Hospital or Clinic
Costing;
Educational Institute Costing.
12. Variable Costing and Absorption Costing:
Meaning; Comparison; Variable Costing and Absorption Costing Income
Statement;
Reconciliation of Absorption Costing Income with Variable Costing
Income; Uses and
Limitations of Absorption Costing and Variable Costing.
13. Accounting for a Construction Company (Contract Costing):
Basic Features; Costing Procedure: Materials, Labor, Overhead;
Contract Account,
Profit/Loss on Incomplete Contracts; Escalation Clause; IAS 11:
Construction Contracts:
Combining and Segmenting Construction Contracts; Contract Revenue;
Contract Costs;
Recognition of Contract Revenue and Expenses; Recognition of
Expected Losses; Changes in
Estimates; Disclosure.
14. Quality Costing:
Definition of Quality; Costs of Quality: Prevention Costs, Appraisal
Costs, Internal Failure
Costs and External Failure Costs; Measuring and Controlling Quality
Cost; Distribution of
Quality Costs; Quality Cost Reports; Uses of Quality Cost Information;
International Aspects
of Quality: the ISO Standards.
15. Integral Accounting System:
Definition; Features; Advantages of Integration; Journal Entries; WIP
Account; Finished
Goods Account; Cost of Goods Sold Account; Cost of Sales Account;
Preparation of
Financial Statements; Reconciliation of Cost Accounting and Financial
Accounting Records.
Recommended Text Books:
1. Milton F. Usry and Lawrence H. Hammer. Cost Accounting: Planning
& Control
(South - Western Publishing Co.).
2. C. T. Horngren, G. Foster and S. M. Datar. Cost Accounting: A
Managerial Emphasis
(Prentice Hall).
References:
1. J. T. Barfield, C. A. Raiborn and M. R. Kinney. Cost Accounting:
Traditions and Innovations
(South-Western Publishing Co.).
2. D. R. Hansen and M. M. Mowen. Cost Management: Accounting &
Control (South-Western Publishing Co.).
3. S. P. Iyengar. Cost Accounting: Principles and Practice (Sultan Chand
& Sons).
4. Jawahar Lal. Cost Accounting (Tata McGraw-Hill).
5. Ralph S. Polimeni, Frank J. Fabozzi and Arthur H. Adelberg.
Cost Accounting: Concepts and Applications for Managerial Decision
Making (McGraw-Hill Inc.).
6. Prof. Shanti Narayan Ghosh et al. Cost Accounting, Nadi Publications,
Dhaka, Bangladesh.
Acc. 253004: Corporate Finance & Financial Management (in
English)
Course Objectives:
The objectives of this course are:
(i) to make the students conversant with capital budgeting/investment
decisions;
(ii) to provide students with sound theoretical and practical knowledge
on capital structure
theories, dividend policies, and the concept of financial derivatives; and
(iii) to give the students sound idea about financial management in an
international
perspective.
1. Introduction:
Definition; the Balance Sheet Model of the Firm; Capital Structure and
the Financial
Manager; Goals of the Corporate Firm; Agency Costs and Setoff;
Contracts Perspectives;
Managerial Goals; Separation of Ownership and Control; Financial
Markets.
2. Financial Planning and Growth:
Financial Planning, Financial Planning Model; Ingredients; the
Percentage of Sales Method;
Determinants of Growth; External Financing and Growth; Some Caveats
of Financial
Planning Models.
3. Making Capital Investment Decision:
Incremental Cash Flows; Inflation and Capital Budgeting; Investments of
Unequal Lives; Replacement Decisions; Equivalent Annual Cost Method;
Investment Decision under Capital Rationing.
4. Risk Analysis, Real Options and Capital Budgeting:
Sensitivity Analysis; Scenario Analysis and Break Even Analysis; Monte
Carlo Simulation; Real Options; Decision Trees; Direct Risk
Measurement; Adjusted Discount Rate vs. Certainty Equivalent.
5. Capital Structure Theory & Policy:
Pie Theory; Can an Optimum Capital Structure be determined? MM
Proposition I & II; Firm
Value and Financial Leverage; Taxes; Corporate Taxes; Expected
Returns and Leverage;
Capital Structure and Cost of Capital; Capital Structure; Limits to the use
of Debt; Cost of
Financial Distress, Personal & Corporate Taxes; Debt Signalling; Pecking
Order Theory
Explaining Financial Choices; Option Pricing Implications; the
Bondholder Wealth
Expropriation Hypothesis; Agency Theory and its Effects on Capital
Structure; Checklist.
6. Dividend Policy and Other Payouts:
Types of Dividend; Methods of Dividend Payment; Dividend vs. Capital
Gains; Dividend
and Firm Value; Dividend Irrelevance Argument; Homemade Dividend;
Bird-in-the Hand Fallacy; Market Imperfection & Taxes; Real World
Factors Favouring a High Dividend Policy; a Resolution of Real World
Factors; Linter Model; Information Content of Dividend (Dividend
Signalling); Clientele Effects; Ex-Dividend Stock Price Behaviour,
Common
Stock Repurchase; Stock Dividend and Stock Split; What We Know and
Do Not Know about Dividend Policy.
7. Valuation and Capital Budgeting for the Levered Firm:
APV Approach; Free Cash Flow to Equity (FCFE) Approach; WACC
Method; Beta and Leverage.
8. Corporate Restructuring and Financial Distress:
Corporate Restructuring and Control; Asset Engineering and Financial
Structuring; Assets Sales; Spin Off; Divestitures; Equity Carve-Out.
9. International Financial Management:
Why Companies go for being Global; Multinational vs. Domestic
Financial Management;
Exchange Rates; the International Monetary System; Trading in Foreign
Exchange; Interest
Rate Parity; Purchasing Power Parity; Inflation, Interest Rates and
Exchange Rates;
International Money and Capital Markets; Multinational Capital
Budgeting;
International Capital Structures; Multinational Working Capital
Management.
Recommended Text Books:
1. Stephen A. Ross, Randolph Westerfield and Jeffrey Jaffe. Corporate
Finance (McGraw-Hill).
2. Richard A. Brealey and Stewart C. Myers. Principle of Corporate
Finance (McGraw-Hill).
3. Prof. Shanti Narayan Ghosh et al. Financial Management, Nadi
Publications, Dhaka, Bangladesh.
4. Bhuiyan, Md. Nazim Uddin & Shabbir Ahmad. Corporate Finance and
Financial Management
(NaSyPeC Publications).

Acc. 253005: Theory and Practice of Banking and Bank

Accounting
Course Objectives:
The objectives of this course are:
(i) to make the students conversant with Theory and Concepts of
Banking;
(ii) to provide students with sound practical knowledge on Practice of
Banking;
(iii) to give the students sound idea about Bank Accounting.
1. Evolution, Importance and Classification of Banks:
Bank and Banking- Evolution of Bank and Banking Institutions;
Importance of Banking;
Classification of Banks-Commercial banks - Investment banks-Industrial
banks- Exchange
banks- Co-operative banks- Land Mortgage banks- Savings banks-
Branch Banking versus
Mixed banking; Central Bank and its activities.
2. Theories of Commercial Banking:
Doctrine of Real Bills- The Shiftability Theory – the Anticipated Income
Theory.
3. Functions of Commercial Banks and the Services rendered:
Current deposits- Saving Deposits- Fixed deposits- Agency Service –
Agency Service –
general ability service- Overseas trading services -Information and
other services-Bank and Economic Development.
4. General Structure and Methods of Commercial Banking:
Certain sound commercial banking principles – Employment of fund by
commercial bankers,
Carrying assets of a bank, self-liquidating paper theory versus
Anticipated income theory.
5. Credit Management Policies:
Demand deposits as money-Primary and derivative deposits – The
process of multiple credit
expansion: Monopoly bank, The banking system as a whole – Practical
limits of deposit
expansion. Do banks really create credit? Recent theoretical
development.
6. Banking Structure and Bank Management:
Introduction-Group Banking and Chain Banking; Unit Banking and
Branch Banking;
Investment Banking and Mixed Banking, Merchant Banking structure in
BangladeshDevelopment, Commercial and Specialised banks. Bank
Management - Bank Management in
Bangladesh in the Public and Private sectors.
7. Management of Bank Portfolio:
Investment analysis- Fund management- Banks Profitability Analysis-
Competition among
Banks.
8. Central Banking Theory:
Nature and functions: Characteristics of a Central Bank. Nature of
Central Banking,
Comparison between central banking and commercial banking. Growth
of Growth of central banking.
Functions of a central bank. The Clearing House System for inter-bank
transactions.
The Universal Necessity of Central Bank.
9. Credit Control by Central Bank:
Credit control and its significance, Methods of General credit control –
Quantitative and
Qualitative methods; Quantitative Methods - Bank rate, Reserve ratio,
Open Market
Operation (OMO); Qualitative Methods – Rationing of credit,
Regulation of consumer's
credit, Direct action, Publicity, Moral persuasion, Change of Margin
Requirement of Letter of
Credit, etc.; Effectiveness of the methods.
10. Bank Accounting:
Provisions of Bank Companies Act, 1991 relating to Accounts and Audit-
Book-Keeping:
Principal and subsidiary Books-Ledgers: General and Subsidiary-
Internal Control and
Check- Designing a system of Accounting for a Bank-Important items of
Balance Sheet-Full
Particulars of Book Debts-Auditors Reports- prescribed Forms of profit
& loss Account and
Balance sheet of a Bank-Financial powers of the managing Director&
Directors –Reserve
Fund and Cash Reserve – Restrictions on loans and Advances –
Maintenance of Liquid Assets
– assets and Liabilities of Banks in Bangladesh – Reporting and Financial
Statements of
Banks – Specimen of the statement of the Statement of Assets &
Liabilities; IAS –30.
Recommended Text Books:
1. Shekhar Banking Theory and Practice;
2. Radhaswami A Textbook on Banking (Law, Practice and Theory);
3. Sethi Money, Banking and International Trade;
4. Cross, H. D. & G. H. Hempt Management Policies for Commercial
Banks;
5. Robinson, Ronald I. The Management of Bank Funds;
6. Khan, Md. Muinuddin Advanced Accounting- Vol. II.

Acc. 253006: Business and Commercial Laws

Course objectives:
The objective of this course is to ensure that students become familiar
with the different
aspects and provisions of various business and commercial laws.
(A) Corporate Laws (40%)
This section would ensure students’ familiarity with the different
aspects and provisions of
Company Act, 1994, Bank Company Act, 1991 and Insurance Act, 2010
and other relevant
laws of corporate bodies.
(a) The Company Act, 1994:
1. Introduction: Background and Evolution of Company Law in
Bangladesh;
Statutory Definitions under the Companies Act 1994.
2. Constitution and Incorporation: Memorandum of Association (MoA);
Articles of
Association (AoA); Companies Limited by Guarantee.
3. Share Capital, Registration of Unlimited Company as Limited and
Unlimited
Liability of Directors; Distribution of Share Capital; Reduction of Share
Capital;
Variation of Shareholders’ Rights; Registration of Unlimited Company as
Limited;
Reserve Capital of Limited Company; Unlimited Liability of Directors.
4. Management and Administration: Office and Name; Meeting and
Proceeding;
Directors; Compensation for Loss of Office; Managing Agent; Contracts:
Prospectus
and Statement in Lieu of Prospectus; Payment of Interest Out of
Capital; Certificates
of Shares etc.; Information as to Mortgages, Charges, etc.; Debenture
and Floating
Charges; Balance Sheet; Statements; Books; Board’s Report etc.; Right
of Members
to Copies of Account and Report; Statement to be Published by Banking
and Certain
other Companies; Investigation by the Registrar; Service and
Authentication of
Documents; Arbitration and Compromise; Conversion of Private
Company into
Public Company and Vice-Versa; Protection of Minority Interest.
5. Winding Up: Mode of Winding Up; Contributories; Winding Up by
Court;
Voluntary Winding Up; Winding Up Subject to Supervision of Court;
Supplemental
Provisions.
6. Certain Prohibitions: Prohibition on the Alteration of AoA which
Restricts Foreign
Interests in Certain Companies; Prohibition on the Registration of
Companies for
Carrying on Business for Certain Undesirable Purposes and for
Dissolution of Such
Companies.
7. Corporate Governance: Frameworks and Mechanisms: Definition of
CG;
Importance of CG; Theoretical Frameworks: Agency Theory,
Stewardship Theory,
Transaction Cost Economics, Stakeholder Theory, Resource
Dependence Theory,
Theory of Managerial Hegemony; CG Systems: Insider System, Outsider
System; CG
Elements: Internal Mechanisms, External Mechanisms.
(b) The Bank Company Act, 1991:
Business of and Licensing of Bank Companies; Paid up Capital and
Reserves; Appointment
and Removal of Directors and Chief Executive Officer; Illegal Bank
Transactions by
Companies etc.; Acquisition of the Undertaking of Banking Companies;
Suspension of
Business and Winding up of Bank Companies; Restriction on Loans and
Advances; Issuance
of Policy Directions; Remission of Loans; Operation and Management;
Inspection and
Investigation.
(c). The Insurance Act, 2010:
Evolution of Insurance Laws in Bangladesh; Statutory Definitions;
Classification of Business
and Policies; Registration and Renewals; Determination of Premium
Rates; Capital and
Deposits; Margin of Safety; Insurable Interests; Investment of Assets;
Solvency Margin;
Loans and Management; Investigation and Power of Regulatory
Authority; Assignment and
Transfer of Policies; Licensing of Agents; Survey and Surveyors.
(B) Commercial Laws (60%)
1. The Contract Act, 1872:
Definition of Contract; Essentials of Contract; Communication,
Acceptance and Revocation
of Proposals and Contracts; Voidable Contracts and Void Agreements;
Consignment
Contracts; Contracts which must be performed; Time and Place of
Performance; Contracts
which need not be performed; Breach of Contract; Indemnity and
Guarantee; Bailment;
Bailment of Pledges; Agency: Appointment and Authority of Agents,
Sub-Agents,
Revocation of Authority, Agent’s Duty to Principal, Principal’s Duty to
Agent.
2. The Sale of Goods Act, 1930:
Formation of the Contract; Effects of the Contract; Performance of the
Contract; Rights of
Unpaid Seller against the Goods; Suits for Breach of the Contract.
3. The Negotiable Instruments Act, 1881:
Promissory Notes, Bills of Exchange and Cheques; Negotiations;
Payment and Interest;
Discharge from Liability on Notes, Bills and Cheques; Notice of
Dishonour; Special
Provisions Relating to Cheques; Special Provisions Relating to Bills of
Exchange; Penalties
in Case of Dishonour of Certain Cheques for Insufficiency of Funds in
the Accounts.
4. The Arbitration Act, 2001:
Arbitration Agreement; Subject Matter of Arbitration; Different
Methods of Arbitration;
Arbitration Tribunal; Arbitral Proceedings; Arbitral Award; Appeals.
5. The Trade Marks Act, 2009:
Registration Procedures and Duration; Effects of Registration; Use of
Trademark.
6. The Competition Act, 2012:
Definitions; Formation of Bangladesh Competition Commission; Anti-
Competition Contract;
Grievances; Enquiry and Order; Re-Consideration, Penalty and Appeal;
Financial Aspects of
the Commission.
7. The Partnership Act, 1932:
The Nature of Partnership; Relations of Partners to One Another;
Relations of Partners to
Third Parties; Incoming and Outgoing Partners; Dissolution of a Firm;
Registration of Firms.
8. The Bangladesh Labour Act, 2006:
Employment of Young Persons; Health, Hygiene, Welfare; Safety;
Working Hours, Leave
and Holidays; Wages Board; Trade Union and Industrial Relations;
Dispute Resolution;
Labour Court; Labour Appellate Tribunal; Workers’ Profit Participation;
Provident Fund;
Offence and Penalty.
09. The Financial Institutions Act, 1993:
Licensing of Financial Institutions; Minimum Capital, Reserve Fund and
Liquid Assets;
Restriction on Credit Facilities; Investment.
10. The Securities and Exchange Commission Ordinance, 1969:
Issue of Capital; Registration and Regulation of Stock Exchanges;
Regulation of Issuers
Prohibitions and Restrictions; Enquiries, Penalties, Orders and Appeals;
Miscellaneous.
11. The Securities and Exchange Rules, 1987:
Qualification, etc., of Members of Stock Exchange; Maintenance of
Accounts and Audit;
Maintenance of Books of Account, etc. by Members; Listing of a
Security; Submission of
Annual Report by Issuers; Risk-based Capital Adequacy Requirements.
12. The Exchanges Demutualisation Act, 2013:
Process of Converting a Mutualized Exchange into a Demutualized One;
Issuance of TREC
(Trading Right Entitlement Certificate); Operations and Management of
a Demutualized
Exchange.
Recommended Text Books:
1. A. A. Khan. Labour and Industrial Law (M/S. Alam Book House).
2. A. K. Sen and J. K. Mitra. Commercial & Industrial Law (World Press).
References:
1. The Companies Act, 1994 (Act No. 14 of 1994).
2. The Companies (Foreign Interest) Act, 1918 (Act No. XX of 1918).
3. The Undesirable Companies Act, 1958 (Act No. X of 1958).
4. Thomas Clarke. International Corporate Governance: A Comparative
Approach
(Routledge).
5. Erik Banks. Corporate Governance: Financial Responsibility, Controls
and Ethics
(Palgrave Macmillan).
48
6. Jill Solomon and Eris Solomon. Corporate Governance and
Accountability (John Wiley &
Sons Ltd).
7. Arbitration Act, 2001
8. Bankruptcy Act, 1997
9. Bangladesh Labour Act, 2006
10. The Bank Companies Act, 1991
11. Contract Act, 1872
12. Financial Institutions Act 1993
13. Negotiable Instruments Act, 1881
14. Partnership Act, 1932
15. Sale of Goods Act, 1930
16. Stamp Act, 1899.
17. Securities and Exchange Commission Ordinance, 1969
18. Securities and Exchange Rules, 1987
19. Trade Marks Act, 2009
20. Exchanges Demutualisation Act, 2013
http://bdlaws.minlaw.gov.bd/

Acc. 253007: Research Methodology

Course Objectives:
This course is designed to achieve the following objectives:
(i) to build the foundation of scientific thinking;
(ii) to understand the framework of the business research process;
(iii) to develop an understanding of research design and techniques;
(iv) to conduct basic qualitative and quantitative research; and
(v) to equip the students for scholarly writing and evaluate the report.
1. The Role of Business Research:
Definition of Business Research; Nature of Business Research; Basic and
Applied Business Research; the Scientific Method; Managerial Value of
Business Research; Identifying Problems and Opportunities; Selecting
and Implementing a Course of Action; Evaluating the Course of Action.
2. Theory Building:
Theory Building; Definition of Theory; Goals of Theory; Research
Concepts, Constructs,
Propositions, Variables, and Hypotheses; Tactical Value of Theories;
Deductive and
Inductive Reasoning.
3. The Business Research Process: An Overview:
Decision Making in Certainty; Uncertainty and Ambiguity; Types of
Business Research:
Descriptive, Exploratory, and Casual Research; Stages in the Research
Process; Alternatives
in the Research Process; Defining the Research Objectives; Sampling;
Gathering Data;
Processing and Analysing Data; Drawing Conclusion and Preparing a
Report.
4. Organizational and Ethical Issues in Business Research:
Sources of Conflict between Management and Researchers; Ethical
issues in Business
Research; General Rights and Obligations of Concerned Parties; Rights
and Obligations of
the Researcher to Participant; Rights and Obligations of the Client;
Sponsor Privacy.
5. Problem Definition: The Foundation of Business Research:
Importance of Starting with a Good Research Problem; Definition of
Research Problem;
Selecting the Problem; Techniques in Defining a Problem; the Research
Proposal; Types of Research Proposal; Contents of Research Proposal.
6. Research Design:
Meaning of Research Design; Need for Research Design; Features of a
Good Design;
Concepts relating to Research Design.
7. Qualitative and Quantitative Research:
Definition of Qualitative Research; Uses of Qualitative Research;
Qualitative vs. Quantitative
Research; Contrasting Qualitative and Quantitative Methods;
Contrasting Exploratory and
Confirmatory Research; Categories of Qualitative Research.
8. Overview of Research Methods:
Survey Research: Advantages, Potential Errors, Classifying Survey
Research Methods;
Observation Methods: Observation in Business Research, Observation
of Human Behaviour,
Complementary Evidence, Direct Observation, Ethical Issues in the
Observation of Humans;
Experimental Research: Creating an Experiment, Designing an
Experiment to Minimize
Experimental Error, Classification of Experimental Design, Ethical Issues
in Experimentation, Practical Experimental Design Issues; Secondary
Data Research:
Advantages and Disadvantages, Objective for Secondary Data Research
Design, Internal and External Sources of Secondary Data.
9. Measurement and Scaling Techniques:
Concepts; Operational Definitions; Levels of Scale Measurement;
Criteria for Good
Measurement; Importance of Measuring Attitudes; Techniques for
Measuring Attitudes;
Attitude Rating Scales: Simple Attitude Scales and Category Scales;
Method of Summated
Ratings: the Likert Scale, Semantic Differential; Measuring Behavioral
Intention; Behavioral
Differential, Ranking, Paired Comparisons and Sorting.
10. Questionnaire Design:
Questionnaire Quality and Design: Basic Considerations, Questionnaire
Relevancy,
Questionnaire Accuracy, Wording Questions, Guidelines for
Constructing Questions.
11. Sampling Design:
Census and Sample Survey; Process of Identifying a Target Population
and Selecting a
Sampling Frame; Sampling Techniques: Probability Sampling, Non-
Probability Sampling;
Categories of Probability and Non-Probability Sampling; Comparing
Random Sampling and
Systematic (non sampling) Errors; Choosing an Appropriate Sample
Design; Major Issues in
Specifying Sample Size.
12. Field Work:
Role and Job Requirements of Fieldworkers; Skills to Cover when
Training Inexperienced
Interviewers; Principles of Good Interviewing; Management of
Fieldworkers; Minimizing
Errors in the Field.
13. Hypothesis Testing and Analysis of Data:
Basic Concepts of Hypothesis Testing; Procedure for Hypotheses
Testing; Flow Diagram for
Hypotheses Testing; Tests of Hypotheses: t-test, Chi Square Test, Z–
Test, F-Test etc.; Editing
and Coding: Transforming Raw Data into Information; Basic Data
Analysis: Descriptive
Statistics, Univariate Statistical Analysis; Bivariate Statistical Analysis:
Differences between
Two Variables, Measures of Association; Multivariate Statistical
Analysis.
14. Interpretation and Report Writing:
Meaning of Interpretation; Why Interpretation; Techniques of
Interpretation; Precautions in
Interpretation; Significance of Report Writing; Different steps in Writing
Report; Layout of
the Research Report; Types of Reports; Oral Presentations; Mechanics
of Writing Reports;
Precautions for Writing a Research Reports.
Recommended Text Books:
1. William G. Zikmund. Business Research Methods (Thomson/South-
Western).
2. C. R. Kothari. Research Methodology: Methods and Techniques (New
Age Publications).
3. B. N. Gosh. Scientific Method and Social Research (APT Books).
4. Uma Sekaran and Roger Bougie. Methods for Business: A Skill
Building Approach (John
Wiley & Sons).
References:
1. T. S. Wilkinson and P. L. Bhandarkar. Methodology and Techniques of
Social Research
(Himalaya Publishing House).
2. Fred N. Kerlinger and Howard B. Lee. Foundations of Behavioral
Research
(Cengage Learning).
3. C. William Emory and Donald R. Cooper. Business Research Methods
(IRWIN).
4. N. K. Malhotra. Marketing Research (Prentice Hall).

Acc. 253008: Public Sector Accounting

Course Objective: This course would capable the students to interpret
financial reports as
well as design and operation of accounting systems & statements of
governmental units,
autonomous and semi-autonomous bodies, Public-sector corporations
& other non-profit
entities and Non-governmental organizations: interpret the application
of GAAP in Fund
Accounting, etc. Specifically, they would be able:
(i) to understand the concepts of Governmental Accounting;
(ii) to develop design and good control over governmental expenditure;
(iii) to interpret, analyse, design and control accounts, reports and
expenditures of Publicsector corporation, NGOs and other
governmental and semi-governmental organizations.
1. Introduction to Governmental Accounting: Accounting- its branches,
Financial & Management Accounting, Governmental accounting, etc.
Government's financial activities & accounting necessity of those;
Purposes and Objectives of Governmental Accounting and Reporting;
Economy and Efficiency of Fund-Spending by Government, etc.
2. Principles of Governmental Accounting and Reporting:
Governmental Accounting - Basic
Principles, Legal Compliance and Financial Operation - Conflicts
between Accounting
Principles and Legal provisions - The Budget and Budgetary Accounting -
Fund Accounting;
Types of Funds, Basis of Accounting Classification and Financial
reporting in Governmental
Accounting arena.
3. Governmental Funds and their Operational Frameworks:
Accounting for General Fund -
Special Revenue Fund - Capital Project Fund – Debt Service Fund &
Special Assessment
Fund.
4. Proprietary Funds & Fiduciary Funds: Operations and Accounting for
Enterprise Funds;
Internal Service Funds; Trust and Agency Funds.
5. Accounting System for Fixed Assets: Accounting System for General
Fixed Assets and
General Long-term Group of Accounts, Valuation of Fixed Assets &
Charging Depreciation.
6. Standardization of Governmental Accounting Practices:
Governmental Accounting
Standard Board (GASB) in the USA & Standards & Statements of GASs
[1-25] [26-50] [51-
75] [76-87]; Concepts Statement [1-6]; GASB Interpretations [1-6];
GASB Technical
Bulletins [1999 – 1; 2008 - 1]; GASB Implementations Guides [2015 – 1;
2017 - 2].
7. Accounting System of the Government of Bangladesh:
Departmentalized System of
Accounting, Accounting Practices in Districts and Ministries, Finance
Accounts,
Appropriations and Pro-forma Accounts - Monthly and Yearly Financial
Reports - Principal
Accounting Office -Financial Control System-Delegation of Financial
Power and Use of
Control Account.
8. Accounting in the Ministries: Ministries’ Annual Reports vs.
Corporate Annual Reports,
Secretary’s Reports vs. CEO’s Reports, Ministries’ Cooperation with the
Parliamentary
Committees, Ministries’ Cooperation with the C & AG, Role of
independent outside experts,
etc.
9. Budgeting Practices in Bangladesh: Budgeting Procedure;
Formulation of Estimates;
Approval of Budget Appropriations; Budget Implementation;
Supplementary Budget.
10. Audit of Governmental Accounting and its Position in Bangladesh
Functions of the Comptroller and Auditor General (CAG); Audit
objections and Settlement of Audit objections, Role of Public Accounts
Committee (PAC), etc.
11. Accounting for Debt Servicing of the Government of Bangladesh:
Foreign aids – Food,
Commodity & Project aids; Loan aids; Debt use and repayment;
Accounting for Debt
Servicing.
12. Accounting Systems of Public Sector (PS) Corporations: Public
Sector & State-owned
Enterprises (SOEs) in Bangladesh; Socialism Implementation Effort,
Nationalization Order &
Creation of PS firms in 1972, by 36 Corporations like BTMC, BCIC, BSEC,
etc., PS
companies like Sonali Bank Ltd., NWPGCL, APSCL, etc. Reporting
Systems of PS firms.
WB's Guidelines for PS firms, Overview of International Public Sector
Accounting Standards
(IPSAS) of 01-27 Issues.
13. Accounting Systems and Process of Not-for-Profit Organizations:
Dhaka Municipal Corporation, Dhaka University & Dhaka Medical
College & Other Non-Profit organizations.
Books Recommended:
Wilson, E., Jacqueline Reck, & Susan Kattelus. 2009. Accounting for
Governmental and
Non- Profit Entities; 15th Ed., McGraw-Hill Book, USA. (formerly Hay,
Leon E.:
Accounting for Governmental and Non-Profit Entities).
Harry D. Kerrigan: Fund Accounting, McGraw-Hill Book, USA.
Bangladesh Government, Ministry of Finance: Introduction to
Government Accounting.
Patwary, S. U.: Financial Administration in Bangladesh.
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