This day-long workshop is tailored for a wide range of participants; accountants, finance manager, business executives, people working in capital market, and those who are engaged in a role in the business world, are a few to focus, though anyone will benefit from participating. End of the workshop day will let you feel the pleasure that you experienced.
Bangladesh is moving forward, albeit the ongoing global economic turmoil, to join the league of the “Middle Income Countries” in tandem with the target to achieve Millennium Development Goal within the shortest possible time. These targets have been manifested in global forum; investors from both the developed and the developing countries find interest in Bangladesh for its growth potential. They are calling for globalized standards under the auspices of the development partners—bilateral and multilateral— and international organizations. In time, if not sooner, stakeholders will demand standardized reporting of financial information for their use.
Therefore, knowledge on the Financial Reporting and their implementation technique is likely to be prioritized though not topping the list of the requirements to foster our economic growth.
“Financial Reporting”, that underpins accountability, is a process to provide information about the financial position, financial performance, and cash flows of an entity through a set of general purpose Financial Statements that is useful to a wide of users in making economic decisions.
Financial Statements are prepared in accordance with an applicable Financial Reporting Framework, which consist of a set of Regulations that emanate from local statute, and international standards. The range of regulatory activities can include setting minimum standards and requirements for corporate reporting (the Framework), requiring submission of the financial reports to the oversight body for its review, making regular inspections, and investigating and prosecuting misconduct by the corporate entities for breaching and abusing reporting framework.
In sum, we can confidently assure that all we logically foresee is a demand of Accountants with adequate Knowledge on Financial Reporting techniques.
- Learn and/or re-learn the underlying concepts of Double Entry Book-keeping system
- Familiarize yourselves with the Financial Reporting Framework in Bangladesh
- Understand the necessity of standardized Financial Reporting
- Be able to single-handedly prepare a set of general purpose Financial Statements
- Feel upbeat about your knowledge on the Bangladesh Financial Reporting Standards (BFRS)
09:30 AM-11:00 AM
- Quick rundown on double-Entry Bookkeeping system
- Financial Reporting Framework (cont.)
11:00 AM-11:15 AM
- Tea and Snacks Break
11:15 AM-12:30 PM
- Financial Reporting Framework
- BFRS Framework,
- List of BFRS applicable in Bangladesh,
- The Companies Act 1994 requirements as to financial reporting
- Local regulations including SEC, Bangladesh Bank etc.
12:30PM - 01:00 PM
- Presentation of Financial Statements
01:00 PM - 02:15PM
- Jumma And Lunch Break
02:15 PM - 03:30 PM
- Applying the applicable BFRS and overriding local requirements to the presentation of the Financial Statements
03:30 PM - 03:45 PM
- Tea and Snacks Break
03:45 PM - 04:45PM
- Analysis of a publicly available Financial Statements in a crisscross pattern.
04:45 PM - 05:45PM
- Floor discussion and Q&A session.
05:45 PM - 06:30PM
- Recapping the day and conclude the session.
- Group Photo Session.