acounting ... Brac bank financial year .

1. Institute
of
Disaster Management and Vulnerability Studies

2. Group Members
Names Roll No
Muhammad Awfa Islam 06
Muminur Rahman 20
MD. Moinuddin 22
Sajib Mitra 26
Afsana Kona 27

3. About Bata
 Bata shoe company is a public company limited
by shares. It was incorporated in Bangladesh in
1972 under the Companies Act 1913.
 The company is mainly engaged in manufacturing
and marketing of leather, rubber, plastic, canvas,
footwear, hosiery and accessories items as well as
finished leather.
 The financial year of the company covers one
year from 1st January to 31st December.
 The financial statement of the company includes
consolidated and separate financial statements.
 The following results in the next slides are
comprehended and concluded from the financial
statements provided by the company.

4. The Variables To Scale Accounting
Authority
Variables Yes No
1. Do accounting and professional auditing bodies exist in the country? 1
2. Are the bodies involved in developing national accounting and auditing
standards?
1
3. Are annual reports based on International Accounting Standards? 0
4. Should the annual reports be accompanied with auditor’s report? 1
5. Are the professional accounting and auditing bodies independent of their
governments?
1
6. Accounting and auditing regulations are not controlled or developed
predominantly by the State.
0
7. The base of the financial statement preparations is not restricted to the
statutory business laws.
0

5. The Variables To Scale Accounting
Disclosures
Variables Yes No
1. Firms’ willingness to be transparent to the people 1
2. Disclosures of general information about entity 1
3. Disclosures required for Balance Sheet. 1
4. Disclosures required for Profit and Loss Statement. 1
5. Disclosures required for Cash Flow Statement. 1
6. Disclosures required for accounting policies 1
7. Disclosures of notes to financial statements 1

6. Accounting Uniform Variables
Variables Yes No
1. No accounting changes within the firms during 2011-2013 1
2. Uniformity in using accounting policies across firms 1
3. Not using other statements instead of Cash Flow Statement
(CFS)
1
4. Uniformity in presenting Balance Sheet items 1
5. Uniformity in presenting Income Statement items 1
6. Uniformity in presenting CFS 1
7. Uniformity in presenting notes to financial information 1

7. Variables For Scaling Accounting
Measurement
Variables Yes No
1. Historical cost accounting used for the measurement of assets 1
2. Lower of cost or net realizable for inventories 1
3. Measuring fixed assets or property plant and equipment at cost less
depreciation
1
4. Receivables, net of provision for doubtful debts 1
5. Conditional or contingent loss disclosed in Income Statements 1
6. Other reserves in addition to general and statutory reserves 1
7. Intangible at net of amortization 1

8. Empirical Analysis
 Company ensures general information flow about entity,
balance sheet, profit and loss statements, cash flow
statements, accounting policy and financial statements.
 During 2010-2012 Bata shoes Bangladesh limited made
statements of :
 Financial position
 Statement of comprehensive income
 Statement of changes in equity
 Statement of cash flow for every year
 Company does not use other statements instead of cash
flow statements.

9. Empirical Analysis
 In presenting balance sheet and income statement items,
CFS and notes to the financial information uniformity is
maintained.
 These financial statements have been prepared on
historical cost basis.
 Inventories are measured at the lower of cost and neat
realizable value.
 The cost of inventories is based on the first in first out
(FIFO) method.
 Items of property, plant and equipment are depreciated
on a straight line basis.

10. Empirical Analysis
 For intangible assets with a finite useful life company
allocates it’s capitalized cost less any estimated residual
value to prior in which the asset is expected to contribute
to the company’s revenue generating activities.
 Company’s provision for debts is made based on the
company’s own policy. But debts are written off on
consideration of the status of the individual debtors.
 Company’s management is responsible for preparation of
financial statements that represents a true and fair view in
accordance with Bangladesh financial reporting
standards.