The document discusses the presentation of a financial statement for BRAC Bank based on its annual report. It provides an overview of BRAC Bank, including that it was established in 2001 to provide services to small and medium enterprises. It also outlines the bank's distribution network including 157 branches and over 350 ATMs. The document then analyzes BRAC Bank's financial reporting practices, finding that it discloses general information, adheres to accounting standards, and ensures uniformity in its financial statements and measurements. However, it does not disclose some contingent losses or use of reserves.

1. PRESENTATION ON
FINANCIAL STATEMENT ON
THE BASIS OF
ANNUAL REPORT

2. WE ARE
 NAYMUL ISLAM HEMEL-04
 GITANGSU SHEKHAR PAUL-11
 SHAMIM -23
 SANJOY KUMAR PAUL-30
 SHOPNA KHATUN -31
 SABINA AKHTER-36

3. BRAC BANK
BRAC bank was established on 4 July 2001 as a
private -commercial bank on small and medium
enterprises by the chairman Fazle hasan Abed.
The bank was founded to reach the large
number of unbanked people which were not
cover by traditional bank. The main concept of
the bank was to facilitate small & Medium
enterprises, since then the bank has become a
leading bank in Bangladesh.

4. Financial Services
 SME Banking
 Retails Banking
 Card Services(credit & debit)
 Foreign exchange & Related services
 Wholesale banking & custodial service
 probashi banking

5. Distribution network
 Branch: 157
 SME unit office : 400
 remittance delivery point : 400
 ATM Booth : 350+
 Apon somoy (financial kiosk): 16

6. Subsidiaries :
 BRAC EPL investment limited.
 BRAC EPL stock Brokerage limited.
 Bkash (mobil banking service) limited
 BRAC Saajan exchange limited.
 BRAC IT services limited(BITS)

7. Sl. No Particulars Answer
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 If not, are annual reports based on International
accounting standards? 0
4 Should the annual reports be accompanied with
the auditors’ reports?
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?
1
7 The base of financial statement preparation is
not restricted to the statutory business laws? 0
The variables to scale accounting
authority

8. S.
No
Particulars Answer
Yes No
1 Firms willingness to be transparent the
people 1
2 Disclosure of general information about
entity
1
3 Disclosure required for balance sheet 1
4 Disclosure required for profit and loss
statement
1
5 Disclosure required for cash flow statement 1
6 Disclosure required for accounting policies 1
7 Disclosures of notes to financial statement 0
The variables to scale accounting
disclosures

9. Accounting uniformity variables
S. No Particulars Answer
Yes No
1 No accounting changes within the firms
during 2010-11
1
2 Uniformity in using accounting policies
across firms
1
3 Not using other statement instead of
cash flows statement.
0
4 Uniformity on presenting balance sheet
items
1
5 Uniformity in presenting income
statement
1
6 Uniformity in presenting cash flow
statement
1
7 Uniformity in presenting notes to the
financial information
0

10. Variables for scaling accounting measurement
S. No Particulars Answer
Yes No
1 Historical coast accounting used for the
measurement of asset
1
2 Lower of cost or net realizable for
inventories
1
3 Measuring fixed assets or , 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 statement
0
6 Other reserves in addition to general and
statutory reserves
00
0
0000
7 Intangible at net of amortization 1

11. Analysis of report
 Company ensures general information flow about entity,
balance sheet, profit and loss statements, cash flow
statements, accounting policy and financial statements.
 During 2010-2012 BRAC bank Bangladesh limited made
statements of :
 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.

12. Analysis of report
 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.

13. Analysis of report
 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.

14. REFERENCES
 BRAC BANK ANNUAL REPORT 2011,2012,2013
 BRAC BANK OFFICIAL WEBSITE
 WIKIPEDIA (BRAC BANK)
 MANAGING DIRECTOR SELF WRITINGS