Bachelor of Business Administration

Program
Academic Session: 2016-2017, 2017-2018 & 2018-2019

Department of Accounting & Information Systems

Faculty of Business Studies
Comilla University
Comilla-3506, Bangladesh
 Bachelor of Business Administration
BBA Program
Academic Session: 2016-2017, 2017-2018 & 2018-2019

Department of Accounting & Information Systems

Faculty of Business Studies
Comilla University
Comilla-3506, Bangladesh
 Published by

Department of Accounting & Information Systems

Faculty of Business Studies
Comilla University
Comilla, Bangladesh

Published
April, 2017

Printed by
New Fine Printers
Badurtala, Comilla

Price : Tk. 200.00

(Two Hundred Taka Only)
 Contents
Particulars Page No.
Chairmen 04
Faculty Members 05
Profile of the Department 08
Curriculum of BBA Program 09
Rules for BBA Program 10
Year, Semester, Course Code & Course Name 13

Year & Semester Course Code & Course Name Page No.
111 Basic Accounting 15
112 Introduction to Business 16
First Year 113 Basic Business Mathematics 18
First Semester 114 Business Communication 19
115 Bangladesh Studies 21
121 Intermediate Accounting 23
First Year 122 Micro Economics 24
Second Semester 123 Mathematics for Business Decisions 26
124 Principles of Management 27
125 Corporate Laws 29
211 Advanced Accounting-I 31
212 Macro Economics 32
Second Year 213 Business Finance 34
First Semester 214 Basic Business Statistics 35
215 Principles of Marketing 36
221 Advanced Accounting-II 39
222 Fundamentals of Taxation 40
Second Year 223 Business Environment and Entrepreneurship Development 42
Second Semester 224 Advanced Business Statistics 43
225 Theories and Practices of Insurance 45
311 Development Theory and Bangladesh Economy 47
312 Theories and Practices of Banking 48
Third Year
313 Financial Management 50
First Semester 314 Cost Accounting 52
315 Practices of Taxation 53
321 Cost Management and Applications 55
322 Introduction to Information Technology 56
Third Year
323 Fundamentals of Audit and Assurance 58
Second Semester 324 Human Behavior in Organizations 60
325 Operations Research 61
411 Accounting Programming Fundamentals 63
412 Practices of Audit and Assurance 64
Fourth Year 413 Managerial Accounting 66
First Semester 414 Corporate Financial Reporting 67
415 Accounting Information Systems 69
421 Accounting for Governmental and Non Profit Organizations 71
422 Research Methodology 72
Fourth Year 423 Strategic Management 74
Second Semester 424 Investment Analysis and Portfolio Management 75
425 Accounting Theory 77
 Comilla University
Department of Accounting & Information Systems
Established: 2006

Chairmen
Name From To

Dr. Mohammed Belal Uddin (Acting) 01.07. 2007 31.08. 2008

Prof. Dr. M. Zulfikar Ali (In-charge) 01.09. 2008 19.10. 2008

Prof. Dr. A.K.M. Zehadul Karim (In-charge) 20.10. 2008 18.04.2009

Dr. Bishawjit Chandra Deb (Acting) 19.04. 2009 02.08.2013

Dr. Bishawjit Chandra Deb 03.08.2013 02.08.2016

Dr. Mohammed Belal Uddin 03.08.2016 Till date

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Department of Accounting & Information Systems
FACULTY MEMBERS (APRIL, 2017)
Chairman

Dr. Mohammed Belal Uddin

Associate Professor
BBA (Dhaka), MBA (Dhaka)
Ph.D. (Xiamen, China)

Research Interest: Interfirm Relationship, Interfirm Cost

Management, Interfirm Relational Governance, Supply Chain
Management, Corporate Social Responsibility

Associate Professor

Dr. Bishawjit Chandra Deb

B.Com. (Hons.), M.Com. (Chittagong)
Ph.D. (Chittagong)

Research Interest: Financial Reporting, Corporate Governance

Assistant Professors

Md. Nazrul Islam

BBA (Rajshahi), MBA (Rajshahi)

Research Interest: Financial Management

Md. Tofael Hossain Majumder (On Study Leave)

BBA (Chittagong), MBA (Chittagong)

Research Interest: Corporate Governance, Corporate

Social Responsibility, Environmental Accounting,
Diagnosis of Firm's Risk and Performance Behavior

05
Department of Accounting & Information Systems
FACULTY MEMBERS (APRIL, 2017)
Assistant Professors

Mohammad Mizanour Rahman

B.Com. (Hons.), M.Com. (Dhaka)

Research Interest: Management Accounting

Practices, Management Accounting Control Systems
(MACS) and Employee Motivation, Accounting
Information and its Relevance to Stock Market

Tarik Hossain
BBA (Dhaka), MBA (Dhaka)

Research Interest: Environmental Accounting,

Corporate Tax Management, Corporate Financial
Reporting

Shamem Ara Mili

BBA (Rajshahi), MBA (Rajshahi)

Research Interest: Corporate Performance

Shuvabrata Saha
BBA (Chittagong), MBA (Chittagong)

Research Interest: Environmental Accounting,

Corporate Governance, Corporate Social
Responsibility, Tax Accounting

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Department of Accounting & Information Systems
FACULTY MEMBERS (APRIL, 2017)
Assistant Professors

Mohammed Mizanur Rahman (On Study Leave)

BBA (Chittagong), MBA (Chittagong)

Research Interest: Risk Management, Policy

Mechanism of Bank (Regulatory Capital Requirement,
Cost of Financial Intermediation, Efficiency and Banks'
Risk-taking)

Fahmida Begum
BBA (Dhaka), MBA (Dhaka)

Research Interest: Working Capital Management

Lecturers

Arupa Sarker
BBA (Comilla), MBA (Comilla)

Research Interest: Financial Performance, Risk

Management

Lamina Binta Jahan

BBA (Comilla), MBA (Comilla)

Research Interest: Financial Performance, Risk

Management

07
 PROFILE OF THE DEPARTMENT
Comilla University was established in 2006 as the 26th public university of Bangladesh. This University formally started its
journey on May 28, 2007 through orientation program of 2006 - 2007 academic year with 300 students & 15 teachers enrolled in
seven departments under four faculties. It provides undergraduate, and post-graduate education for meritorious students from all
corners of Bangladesh and abroad.
Faculty of Business Studies started as Faculty of Business Administration and Management Studies in 2006 – 2007 academic year
and functioning with three departments - Accounting & Information Systems, Management Studies, and Marketing. The
department of Accounting & Information Systems (AIS) commenced its academic pursuits with 2 teachers and 50 students in 2007
and has swelled to around 500 students and 10 teachers in the present time with the department upholding commitment to first rate
teaching quality and teaching staff. The department offers Undergraduate as well as Postgraduate programs in accounting with a
clear philosophy to develop in students the required knowledge and understanding of theoretical concepts and practical techniques
for the accounting profession and managerial discipline. The diversified academic backgrounds of the teachers, their research
activities, and the dynamic curriculum of the Department of Accounting & Information Systems have made it one of the foremost
departments in the Comilla University.
BBA Program
The four year Bachelor of Business Administration (BBA) program with major in Accounting & Information Systems is a
prestigious degree. The University has been offering this degree from its starting time i.e. 2006 – 2007 academic year. The program
comprises of 129 credit hours spread over eight semesters. It is an internationally recognized program for grooming professionals,
business executives, entrepreneurs and academics in the relevant area seeking to expand their intellectual horizon and improve
their management skills and competence. The program is rigorous, with an emphasis on practical applications and skills for
immediate use, which offers students a comprehensive education in all major facets of business.
MBA Program (Regular)
The Master of Business Administration (MBA) with major in Accounting & Information Systems is a full-time 36 credit hours
professional program. The program is designed to meet the need of the students who want to develop their career either as
professional executives or entrepreneurs in the fields of different business areas as well as academic and research position in
different institutions. Students of the program has to complete 10 courses, each carrying 3 credit hours and a three months
internship in recognized business organization weighing 3 credit hours to obtain the MBA degree. Only 4-year graduates in
Accounting & Information Systems of the Comilla University are eligible to get admission into this program in the Department of
Accounting & Information Systems.
MBA (Evening) Program
The importance of business education has accelerated at a remarkable speed in the recent decades following the global structural
adjustment programs coupled with many significant changes in business environment. Ever growing challenges in the business
sector in modern days have made it an utmost necessity for the existing entrepreneurs and executives to update their knowledge and
skill with latest developments in techniques and methods of business administration through a formal education to face and manage
these challenges. But all these working people are not in a position to avail the regular MBA program. With this realization of the
need for improving the knowledge and skill of business executives, the Department of Accounting & Information Systems has
created such opportunities through offering a new graduate program leading to the Degree of Master in Business Administration
(MBA) in the evening session Spring 2012. This is a program of 54-66 credit hours covering 16-20 courses of credit hours each and
a 3-months internship program carrying 6 credit hours. Any graduate in any discipline might appear for the admission test,
conducted centrally by the Faculty of Business Studies, for admission into the program. This program is a self-financed program
and administered by a Program Co-ordination Committee.
Internship Program/Project Paper
Internship for three months in private business organizations, government offices, public sector corporations, banks or other
financial institutions is an integral part of our academic programs. The objective of the program is to expose the students to the
organizational work situation. Each student is required to complete the program and prepare a report under the supervision of the
supervising teacher. This internship report is graded by an executive of the organization, who supervises the internees’ work there,
the supervising teacher of the Department and the defense committee formed by the departmental academic committee. The weight
assigned to the Internship Program is 3 credit hours.
Accounting Club
The department an association named as Accounting Club. This is an association for all current students (BBA and MBA) of the
department. Its office is situated at the Department of Accounting & Information Systems, Comilla University. The Accounting
Club consists of four different task specific clubs:
a) Accounting Debate Club
b) Accounting Sports Club
c) Accounting Cultural and Heritage Club
d) Accounting Language and Learning Club

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Accounting Debate Club arranges inter and intra department debate competition in different formats both in Bengali and in
English. Accounting Sports Club arranges inter and intra department sports competition on a regular basis. Accounting Cultural
and Heritage Club organizes cultural programs on the occasions like Fresher’s Reception, observation of National days and Festive
days. Accounting Language and Learning Club organizes technical sessions and workshops instructing about the method of
learning languages and about the career progression.

CURRICULUM OF BBA PROGRAM

Vision of the BBA Program
The vision of the Bachelor of Business Administration (BBA) Program is to ensure academic distinctions that meet the needs of
the accounting profession.
Mission of the BBA Program
In the current global context, we believe in developing the aspiring leaders and entrepreneurs who manage and create powerful
organizations in the emerging corporate landscape. We recognize our responsibility to provide high-quality undergraduate
education to students who desire to work in business, industry, and the not-for-profit sectors; to provide graduate accounting
education to students who desire to work in public accounting and to obtain professional certifications; to conduct applied and
instructional research benefiting accounting and business; and to render service to each of our constituencies. The BBA program
under the Department of Accounting & Information Systems (AIS) aims at creating highly intellect business mindset, promote
best business practices and innovative techniques to attain desired organization goal and contribute to nation’s economy at large.
BBA Program Objectives
The BBA program objectives specify the intellectual and behavioral competencies that graduates should possess and that provide
a foundation for their future professional and personal development and success. In the context of the globalization, the goal of the
bachelor of business administration (BBA) program is to prepare students for successful business careers in a global economy.
This is achieved by providing students with the knowledge, skills and experiences needed to meet the challenges and
opportunities of national and global business markets characterized by complexity, uncertainty, and diversity.
Learning Outcomes
After successfully completion of BBA, students will be able to:
1. Use analytical and reflective thinking techniques to identify and analyze problems, develop viable alternatives, and make
effective decisions. 2. Apply appropriate quantitative and qualitative techniques in solving business problems.
3. Write effective business documents. 4. Prepare and deliver effective oral business presentations using a variety of
appropriate technologies.
5. Identify and analyze ethical conflicts and social responsibility issues involving different stakeholders.
6. Develop viable alternatives and make effective decisions relating to business ethics and social responsibility.
7. Demonstrate competency in the underlying concepts, theory and tools taught in the core undergraduate curriculum.
8. Identify and analyze relevant domestic and global factors that influence decision-making. 9. Develop viable alternatives and
make effective decisions in the national and international business setting.
Curriculum Structure
Serial No. Course Components Credit
1 Departmental Core courses 39
2 Courses on Computer Applications 06
3 Courses on Mathematics and Statistics 15
4 Courses on Corporate Laws & Taxation 09
5 Courses on Economics, Finance & Banking 24
6 Courses on Management & Marketing 21
7 Courses on Research Methodology and others 06
8 Viva-Voce 06
9 Internship/Project Paper 03
Total credit requirements for BBA 129

09
 RULES FOR BBA PROGRAM
Admission
As per university rules, students from all disciplines are eligible to be admitted into the BBA program. After the
announcement of admission test date, intending students should apply through the prescribed application form. A
rigorous written test is conducted for the applicants. A combined score is developed based on marks in the written test,
SSC and HSC examinations. Selections are made based on the combined score. It should be noted that BBA is a
terminal degree.
Program Duration and Course Distribution
The duration of BBA program is four years divided into eight semesters. A total of 129 credit hours have to be
completed by the students in 40 taught courses, four viva-voce examinations and an internship program. Every
semester will be of nineteen weeks of which fourteen weeks for class teaching, two weeks break and three weeks for
holding the semester final examinations.
For each course unit, there will be two lectures of one and half hours each in every week and each course unit will be
given a weight of 3 credit hours. Students have to appear before viva-voce exams at the end of each class year (i.e.,
second semester, fourth semester, sixth semester and eighth semester). In addition, students have to undergo an
internship of three months at the end of eighth semester. The internship carries 3 credit hours and the viva-voce carries
6 credit hours. A total of 129 credit hours in the BBA program are distributed as follows:

Class Year Number of Courses Total Course Credit

First Semester Second Semester Units Hours
Course Works
First Year 5 5 10 30
Second Year 5 5 10 30
Third Year 5 5 10 30
Fourth Year 5 5 10 30
Viva-Voce and Internship
Viva-Voce 06
Internship/Project Paper 03
Total 129

The BBA program shall be evaluated on the basis of 4,300 total marks. Out of which 4,000 marks shall be for 40
teaching course units, 200 marks for viva-voce examination, and 100 marks for an intensive internship program. The
4-year BBA program has to be completed by maximum of six years from the date of original entry.
Evaluation and Grading
Performance of students in a course shall be evaluated as follows:

Mid-Term Examinations (at least two) 20 percent

Class Attendance 5 percent
Term Paper and Presentation 10 percent
Assignment and Quiz-test 5 percent
Final Examination 60 percent
Total 100 percent

Two mid-term examinations, one-hour duration each, shall be conducted and evaluated by the course teacher and the
semester final scripts will be evaluated by two examiners. The average of the marks given by two examiners is
considered as the final exam mark of a particular student. If the difference between the marks of two examiners is more
than 20%, the script is evaluated by a third examiner and the average mark of the nearest two is considered for grading.
In such cases, the arithmetic mean of the closer two marks should be taken. If the three marks are equally apart,
arithmetic mean of the higher two will be counted.

10
The third examiner for a course shall be appointed by the examination committee from the panel of examiners other
than a member of the examination committee or a tabulator, provided he/she was not an examiner of this course.
The total mark, average of marks awarded by the semester final examiners plus the marks awarded by the course
teacher, is converted into letter grade as follows:

Mark Range* Letter Grade Grade Point Interpretation

80+ A+ 4.00 Outstanding
75- 79 A 3.75 Excellent
70- 74 A- 3.50 Very Good
65-69 B+ 3.25 Good
60-64 B 3.00 Average
55-59 B- 2.75 Below Average
50-54 C+ 2.50 Fair
45-49 C 2.25 Poor
40-44 D 2.00 Minimum Pass
Below 40 F 0 Fail
................ I .................... Incomplete
................. W .................... Withdrawn

In the tabulation process, only the total marks (out of 100) of a course will be rounded-up and the published results of
the semester will show the grades earned and the grade point average (GPA).
At the end of second semester of each class year, the examination committee will hold a viva-voce examination of
50% weight, equivalent to 1.50 credit hours. For the viva-voce examination, a student will be awarded one grade at the
end of 4thyear. After the completion of the 4thyear second semester final examination, a student will undergo a three
months long internship. The internship program shall be guided and examined by the supervising teacher and the
Examination Committee.
Class Attendance
To be considered as a regular student, each student is required to attend 60 percent of classes held in a course. If
attendance falls within 40-59%, Non-Collegiate status will be attached and a student will only be allowed to sit for the
semester final examination after paying a fine as fixed by the authority/department. The chairman of the department
shall monitor class holding and attendance of students. A student will not be allowed to sit for semester final
examination and will be required to seek readmission in the program, if his/her attendance falls below 40% in any
course in any semester.
Promotion
For getting promotion from one semester to the next semester, a student is required to earn minimum 50% of the total
credit in the respective semester on condition that s/he has passed the viva-voce. Remaining credit hours have to be
earned within next two available batches. If anybody is absent from the viva-voce on any valid ground a viva-voce
may be arranged for her/him on condition that s/he will bear all expenses of the viva. In such case s/he has to apply to
the chairman of the department within 15 days after the viva-voce
Degree Requirements
a. For the BBA Degree
Each student is required to:
(i) Complete 129 credit hours including a viva-voce and internship;
(ii) Earn a minimum CGPA of 2.25; and
(iii) Complete the program in maximum of six consecutive academic years including the year of first admission into
the program.
b. Award of (Pass) Degree
A student who fails to secure a minimum CGPA of 2.25 after completing eighth semester final examination but
succeeds in securing a CGPAbetween 2.00 and 2.25 will be eligible for a Pass Degree

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Credit Transfer
No credit transfer from any other programs or institutions is allowed for the BBA degree.
Improvement of Grades
A student having earned ‘F’ grade in any course in any semester shall be required to remove the ‘F’ grade. Removal of
‘F’ grade in any course is permitted only for two times excluding the regular examination which has to be done with
subsequent available batches.
A student earning ‘B-‘(GP-2.75) or below ‘B-‘grade in any course in any year (except fourth year) can improve the
grade by appearing in the semester final examination with the next available batch. S/he can avail this opportunity
only once for a course. In such case the best GPA from the improvement or the regular examination of the concern
course shall be calculated for tabulation. Students who did not get the opportunity of removing ‘F’ in any course shall
be allowed to sit for a special semester examination. This will be allowed only for the courses in 7th and 8th semester.
In special cases this opportunity would be allowed for courses in semester 5th and 6th. In such cases student have to
apply to the Chairman of the department within one week after publication of the 8th semester result. The Chairman of
the department shall take necessary administrative measures for arranging the special semester examinations by the
respective 4th year examination committee. All the expenses relating to this examination have to be carried by the
candidate(s).
Re-Admission
A student failing to get the requisite grade points for promotion to the next semester may seek re-admission with the
following batch. A student should apply for re-admission within one month after the publication of result of the
concerned semester.
Dean’s Honor list, Dean's Merit list and Honor Society
Students who have earned GPA of 4.00 in any semester shall be included in the Dean’s Merit list of the semester.
Students securing a CGPA of at least 3.90 shall be included in the Dean’s Honor list of the year.

Calculation of Cumulative Grade Point Average (CGPA)

Example:
First Year First Semester
Course (1) (2) (3) (4) = (1) × (3)
No. of Credits Grade Awarded Total Grade Points Grade Points Secured
1101 3 B 3.00 9.00
1102 3 A+ 4.00 12.00
1103 3 D 2.00 6.00
1104 3 A 3.75 11.25
1105 3 A- 3.50 10.50
Total 15 48.75
SGPA = Total Grade Points Secured ÷ Total Number of Credits = 48.75 ÷ 15 = 3.25
First Year Second Semester
Course (1) (2) (3) (4) = (1) × (3)
No. of Credits Grade Awarded Total Grade Points Grade Points Secured
1101 3 B 3.00 9.00
1102 3 A+ 2.50 7.50
1103 3 D 2.00 6.00
1104 3 A 3.75 11.25
1105 3 A- 4.00 12.00
Total 15 45.75
SGPA = Total Grade Points Secured ÷ Total Number of Credits = 45.75 ÷ 15 = 3.05
Cumulative Data
Total Credit = (15+ 15) = 30
Total Grade Points Secured = (48.75 + 45.75) = 94.50
Cumulative Grade Point Average (CGPA) = 94.50 ÷ 30 = 3.15

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 Course Schedule
Department of Accounting & Information Systems
Curriculum Lay-out for BBA Program
Academic Session: 2016-2017, 2017-2018, and 2018-2019
Particulars Credits
Courses – 40 Courses 40x3 120
Viva-Voce Exam (50 marks @ 4 times=200marks) 4x1.5 6
Internship/Project Paper 3
Total 129

Year & Semester Course Code & Course Name

111 Basic Accounting
112 Introduction to Business
First Year 113 Basic Business Mathematics
First Semester
114 Business Communication
115 Bangladesh Studies
121 Intermediate Accounting
First Year 122 Micro Economics
Second Semester 123 Mathematics for Business Decisions
124 Principles of Management
125 Corporate Laws
211 Advanced Accounting-I
212 Macro Economics
Second Year 213 Business Finance
First Semester 214 Basic Business Statistics
215 Principles of Marketing
221 Advanced Accounting-II
222 Fundamentals of Taxation
Second Year
223 Business Environment and Entrepreneurship Development
Second Semester
224 Advanced Business Statistics
225 Theories and Practices of Insurance
311 Development Theory and Bangladesh Economy
312 Theories and Practices of Banking
Third Year
313 Financial Management
First Semester
314 Cost Accounting
315 Practices of Taxation
321 Cost Management and Applications
322 Introduction to Information Technology
Third Year
323 Fundamentals of Audit and Assurance
Second Semester
324 Human Behavior in Organizations
325 Operations Research
411 Accounting Programming Fundamentals
412 Practices of Audit and Assurance
Fourth Year
413 Managerial Accounting
First Semester
414 Corporate Financial Reporting
415 Accounting Information Systems
421 Accounting for Governmental and Non Profit Organizations
422 Research Methodology
Fourth Year
423 Strategic Management
Second Semester
424 Investment Analysis and Portfolio Management
425 Accounting Theory
This course structure was approved in the meeting of the Committee of Courses of the Department, held on 13th
December, 2016 and Faculty Executive Committee, held on 10th February, 2017. This course structure was approved
and passed in the meeting of the Academic Council of the University on 12th February, 2017.

13
Teaching- Learning Strategy: Teaching learning strategy refers to the immediate performance of the learners in
relation to specific instruction under certain method and level of accuracy. The following teaching method used by the
course teacher:
Recommended text books including web based materials, lecture sheet, Class discussion, recitation oral question
answer session, case study, presentation each chapter in the course by the student, problem based learning and
solving, Group work, field visit, Individual work, assignment, multimedia projector used for lecture and example
cooperative learning, Debate on current issues.
Assessment Strategy: Students can also assess their own work in the class, midterm, assignment and their
assessment can be a portion of the final grade. This method has educational value as learning to assess one's own
progress contributes to the university's goal of preparing our students to be life-long learners.
Evaluation of the student in this course as follows:

Process of evaluation Marks

Class attendance 5
Assignment and Quiz-test 5
Term paper presentation 10
Two mid-term examination (10´2) 20
Final examination 60
Total 100

Grading policy of the total 100 marks on the above evaluation process awarded by the semester:

Mark Range* Letter Grade Grade Point Interpretation

80+ A+ 4.00 Outstanding
75- 79 A 3.75 Excellent
70- 74 A- 3.50 Very Good
65-69 B+ 3.25 Good
60-64 B 3.00 Average
55-59 B- 2.75 Below Average
50-54 C+ 2.50 Fair
45-49 C 2.25 Poor
40-44 D 2.00 Minimum Pass
Below 40 F 0 Fail
................ I .................... Incomplete
................. W .................... Withdrawn

14
 DETAILED CURRICULUM
FIRST YEAR
FIRST SEMESTER
Course Title: Basic Accounting
Course no.: 111 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: The knowledge of Accounting has become indispensable for recording and analyzing business
transactions, interpreting the business results thereof and initiating future action. Basic knowledge of accounting
regarding principles and practices of financial accounting; the preparation of financial statements under single and
double entry systems are crucial for beginners.
Objectives: The objective of this course is to develop students' understanding of basic concepts of accounting,
accounting process, and the application of the conceptual framework in such process in order to develop their
abilities to complete the accounting cycle ending with preparation and presentation of financial statements .This
course will also try to equip the students with the knowledge and ability to understand and analyze the information
communicated through the Financial Statements.
Learning Outcomes: In successfully completing this course, students will be able to:
a. Use accounting and business terminology, and understand the nature and purpose of generally accepted
accounting principles (GAAP).
b. Explain the objective of financial reporting, the elements of the financial statements, and the related key
accounting assumptions and principles.
c. Define and distinguish between cash basis and accrual basis accounting and the impact of each on the financial
statements.
d. Recognize the information conveyed in each of the four basic financial statements and the way it is used by
investors, creditors, regulators, and managers.
e. Understand control accounts and use of special purpose journals.
f. Determine method of functioning business activities under incomplete recoding system and the preparation of
financial statements under this method.
Course Content
1. Introduction to Accounting: Definition of Accounting; Purpose and Nature of Accounting information; Uses
and Users of Accounting information; Branches of Accounting; Nature of Business and Accounting; Role of
Accountancy Profession.
2. Accounting Process and Accounting Cycle: Accounting Equation; Effects of Transactions on the Accounting
equation; Double-Entry Accounting System; Accounting Cycle: Documentary Evidence and Identification,
Journalization, Posting to The Ledger, Preparation of Trial Balance, Limitations of Trial Balance, Errors and Their
Rectification, Adjustments, Need for Adjustments, Adjusted Trial Balance, Preparation of Financial Statements,
Closing Entries, Post-Closing Trial Balance; Preparation of Work Sheet and Reversing Entries.
Guideline for Processing in Accounting: The Conceptual Framework of Accounting, The Objective of General
Purpose Financial Reporting, The Reporting Entity, Qualitative Characteristics of Useful Financial Information,
Underlying assumption, The Elements of Financial Statements, Recognition of the Elements of Financial
Statements, Measurement of the Elements of Financial Statements, Concepts of Capital and Capital Maintenance.
3. Accounting for Merchandising Concern: Nature of the Inventories; Measurement of Inventories; Accounting
for Merchandizing operation; Using Mark-Up/Margin Percentages to Establish Costs; Writing off Inventories
and Inventory Drawings.
Preparation of Financial Statements: Statement of Comprehensive Income, Importance of Statement of
Comprehensive Income, Limitations of Statement of Comprehensive Income, Preparation of Statement of

15
 Comprehensive Income, Single-Step and Multiple-Step Statement of Financial Position, Usefulness of Statement
of Financial Position, Limitations of Statement of Financial Position, Preparation of Statement of Financial
Position, Statement of Changes in Equity.
4. Accounting System Design: Charts of Accounts; Coding of Accounts; Control Accounts; the Purposes of
Control Accounts; Special Journals: Advantages of Special Journals, Cash Receipt Journal, Cash Payment
Journal, Sales Journals, Purchase Journal, General Ledgers and Subsidiary Ledgers.
5. Financial statements from incomplete information: Single-Entry Systems; Records in Single-Entry Systems;
Preparation of Financial Statements from Single-Entry Records; Conversion of Single-Entry into Double-Entry;
Use of Single-Entry System.

Text Books
1. Jerry J.Weygandt, Paul D. Kimmel and Donald E. Kieso.Accounting Principles (John Wiley & Sons, Inc.).
2. Belverd E. Needles, Marian Powersand Susan V. Crosson.Principles of Accounting (Houghton Mifflin Company).

Reference Books
1. Needles & Anderson : Principles of Accounting
2. Pyle & Larson : Fundamentals of Accounting
3. Jay M Smith and K. Fred Skousen : Intermediate Accounting.
4. M.C. Shukla, T.S. Grewal and S.C. Gupta : Advanced Accounts.

Course Title: Introduction to Business

Course no.: 112 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: Introduction to Business is designed to expose the interested student to many functions of modern
business. The course shows the student how these functions exist in a changing society and the type of decisions which
must be made within that environment. The course is also designed to expose the student to the multitude of career
fields in the areas of business. The importance of business in the modern society is also stressed throughout the course.
Topics such as business environment, management, organization, marketing, finance, international business, and
trade and commerce are discussed in an introductory manner.
Objectives: This course is designed to provide a basic understanding of the different forms of businesses, industries
and services and the nature of business and its environment. Various forms of business ownership and the general
methods of financing, social responsibility and ethical issues will be discussed in this course. This course is also
designed develop the students' understanding of the governmental policies regulating business and various
institutions for furtherance of trade and commerce; and demonstrate global awareness by identifying and analyzing
international trade issues.
Learning Outcomes: In successfully completing this course, students will be able to:
a. Demonstrate an understanding of the forces that shape the business and economic structure.
b. Demonstrate an understanding of the major functions of business including Management, Accounting/Finance,
Marketing, Investments, and International Business.
c. Explain why business ethics is an integral part of every business organization.
d. Describe the government regulations and several policies of government.
e. Familiar with business related government and non-government institutions of Bangladesh.
Course Content
1. Foundation of Business and Economics: Meaning of Business, Reasons for Studying Business. People from the
core of business, Business objective, Foundation of business, Economic system, Business challenges for the
2000s, A path towards successful business model. Definition, Features, Importance and Scope of Business.
Industry Types of Industry. Commerce Branches of Commerce.

16
2. Business Ownerships: Ownership Forms Sole Proprietorships Partnerships Joint Stock Companies
Corporations-Trust, Cartel Co-operatives Joint Venture- Multinational Corporations- Holding Companies- State
Enterprises- Factors influencing the forms of ownership.
3. The Financial System: Definition of Financial System; Types of Financial Markets: Money Market vs Capital
Markets; Primary vs. Secondary Markets; Securities Traded in The Financial Markets: Money Market Securities,
Capital Market Securities, Derivative Securities; Financial Institutions: depository institutions, non-depository
institutions; Regulating Financial Markets: BSEC, DSE, CSE, Bangladesh Bank.
4. Entrepreneurship and Franchising: Meaning, Growth oriented Entrepreneur, Risks of Entrepreneurship,
Franchising- advantages & disadvantages.
5. Social Responsibility & Business Ethics: Social Responsibility- Responsibility to consumer, Responsibility to
Employees, Responsibility to the environment, Responsibility to investors, Business Ethics- Factors influencing
ethical behavior. Ethical aspects- the ethical dilemma-unethical activities- causes- Preventive and remedial
measures.
6. International Business: Basic Economics of International Trade; Scope, Concepts, and Barriers of International
Trade; Reasons for and Against Trade Restrictions; Reducing International Trade Barriers: International trade
agreements: GATT, WTO; International Economic Organizations Fostering Trade: The European Union,
European Economic Area, NAFTA, CAFTA, ASEAN, The Pacific Rim, CIS, CBI, MERCOSUR, OPEC, OECD,
SAFTA. Terms Used in International Trade: Invoice, L/C, Back to Back L/C, FOB, Clearing & Forwarding etc.
7. Business environment: Business Environment and its Components Social Cultural Economic Technological
Legal and Fiscal. The Role of government and buyers Consumerism The Economic System Capitalism
Communism Socialism Modern Economic System Market Economy Laissez faire Economy.
8. Government and Business: Importance of Government Regulation in Business; Process of Regulation of
Business by the Government; Government's Regulation of Business in Bangladesh: Bangladesh Government's
Monetary Policy, Fiscal Policy, Industrial Policy, Export Policy, Import Policy, Jute Policy, Tea Policy etc.;
Governmental or Public Sector Business in Bangladesh: BCIC, BSFIC, BSEC etc.
9. Location of Business: Factors to be considered in Selecting a Suitable Business Site Rural Vs Urban Location.
10. Institutions for Furtherance of Business, Trade and Commerce in Bangladesh: Commercial Policy Import
Procedure Export Procedure Formalities Problems and Measures to overcome them. Trade Associations,
Chambers of Commerce & Industry: Dhaka Chamber of Commerce & Industry (DCCI), Chittagong Chamber of
Commerce & Industry (CCCI), Federation of Bangladesh Chambers of Commerce and Industry (FBCCI),
Metropolitan Chambers of Commerce & Industry (MCCI); Trade Fairs & Exhibition; Export Promotion Bureau
(EPB); BGMEA; Trading Corporation of Bangladesh (TCB); Board of Investment ( BOI); Privatization Board
(PB); Bangladesh Small & Cottage Industries Corporation (BSCIC); Bangladesh Development Bank Ltd.
(BDBL); Bangladesh Shilpa Rin Sangstha; Export Processing Zones (EPZs) & BEPZA. Types Levels Internal
and External, Advantages and Disadvantages Growth of MNcs and EPZs in Bangladesh. Support Services of
Government Institutions Chamber of Commerce and Industry, Trade Associations Dhaka Stock Exchange,
Chittagong Stock Exchange and The Securities & Exchange Commission (SEC).

Text Books
1. Attner Straub, Raymond FAttnerand Joseph T Straub. Introduction to Business (Wadsworth Publishing Company).
2. Skinner & Ivancevich: Introduction to Business.

Reference Books
1. Koontz & Fulmer: A Practical Introduction to Business
2. F. T. Haner, Stephen K. Keiger: APractical Introduction to Business Concepts & Cases
3. M.C. Shukla: Business organization and Management.
4. Khan and A.A. Arif: Essentials of Business Organization and Management.
5. Richard Norman Ownes: Business Organization & Combination Velasquez, M. G.: Business Ethics Jeff Madura.
Introduction to Business (South-Western College Publishing).
6. W. M. Pride, J. R. Hughes and R. J. Kapoor. Foundations of Business (South-Western College Publishing).
7. L.E. Boone and D.L. Kurtz and. Contemporary Business (Wiley).

17
 Course Title: Basic Business Mathematics
Course no.: 113 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: Business mathematics provides techniques to understand among a number of key business courses as
well as to attain such as project management, operation research.
Objectives: This course objective is to develop understanding of basic concepts and principles of mathematics used
in the area of business and economics; equip students of accounting with mathematical tools used in the analysis of
business and accounting problems; develop an understanding of theories and practices of mathematical approach to
decision making; and stimulate interest of students in accounting and business regarding implications of
mathematics.
Learning Outcomes: Upon the successful completion of this course, a student should be able to:
a. Demonstrate the ability to solve financial problems involving calculation of present and future value, payments,
interest rate and compounding periods.
b. Solve equation , progression and inequalities
c. Apply financial mathematical techniques
d. Permutation and combination techniques uses in business problem.
Course Content
1. Introduction: Basic Algebraic Formulae and their Uses-Fractions, Percentages and Decimals-Exponents and
Radicals-Factoring-Simplification. Prime, Rational and Irrational Numbers, Even and Odd Numbers and Their
Properties. Imaginary and Complex Numbers.
2. Indices and Logarithms: Indices, Laws of Indices, Positive and Fractional Indices, Operation with Power
Functions. Introduction, Laws of Operations, Use of Logarithm Tables, Anti-Logarithm, Exponential Series,
Logarithmic Series.
3. Theory of Sets: Different Types of Sets, Union, Intersection, Cartesian Products, Venn Diagram, Application in
Business Problems.
4. Linear Equations and Inequalities: Solution of Linear equations, Solution of Simultaneous Linear Equations.
5. Inequalities and Their Solutions: Graphical Representation of Solution Sets. Determination of Break-Even
Point having Linear Relationship among the Variables.
6. Quadratic Equations: Relationship between Roots and Coefficients of a Quadratic Equation, Nature of Roots.
Solution of Quadratic Equations, Formation of Quadratic Equations with given Roots. Curve sketching of
different Linear and non Linear Equations.
7. Permutations and Combinations: Fundamental Principles of Permutations, Permutations of Things all different
and Things not all different, Repeated and Circular Permutations. Combinations, Relationship between
Permutation and Combinations.
8. Progression: Introduction, Sum of Series in AP and GP, Use of concept of progression to find the present value
and future value, Business problem solution.
9. Mathematics of Finance: Introduction, Annuities, Sinking Fund, Discount, Compound Interest, Simple Interest,
Amortization.
10. Graphs of Mathematical Functions and Their Uses in Models: Idea of a Mathematical Function-Ways of
Symbolizing Functional relationship-Cartesian Coordinate System-Graphical Representation of a Function-
Graphing Linear Equations and Inequalities in two Variables-Functions and Relations-Graphing Special
Functions-Exponential and Logarithmic Functions-Implicit, Explicit and Inverse Functions-Applications to
Business Problems.
11. Trigonometry: Introduction; measurement of angles; Circular functions; Trigonometric ratios; Relation
between trigonometric functions; Trigonometric functions of standard angles.

18
Text Books
1. Sanchetti, D. C. & V.K. Kapoor : Business Mathematics
2. Zameeruddin, Khanna: Business Mathematics

Reference Books
1. Ann. J. Hughes: Applied Mathematics For Business, Economics and the Social Sciences
2. R.L. Childers: Mathematics for Managerial Decision.
3. M.A.Taher: Business Mathematics.
4. Bowen. Earl K.: Mathematics with Applications in Management & Economics
5. Arya, J. C. & R. W. Lardner: Mathematical Analysis for Business and Economics
6. Arora, P. N. & P. C. Bogga: Business Mathematics for Commerce and Economics

Course Title: Business Communication

Course No. : 114 Course Credit: 03
Clock hours: 45 Total Marks: 100

Rationale: Communication is an important engine of the 21st century as daily life, including our work lives, is shaped
by the fact that we live in a smaller, more connected, more globalised world. Communication is at the core of this,
allowing us to explore and learn about other cultures, strengthen social ties, create business and personal
relationships, and facilitate exchange of information. Good communication is crucial at all levels of our lives.
Communication gives us a much broader understanding of the world around us, and of how we can influence it.
Effective communication is also an important driving force for innovation and progress, and is at the core of every
successful business.
Objectives: This course provides different aspects/mechanism of communication in the business world. This course
attempts to give students a comprehensive view of communication, its scope and importance in business, and the role
of communication and communication principles in establishing not only an effective internal communications
program, but also a favorable outside firm environment. The course covers various communication media. It also
focuses on the techniques of preparation of reports on business matters and the art of presenting it. It teaches the
fundamentals of good business writing, including protocols for business letters, memoranda, electronic mail, good
and bad messages, persuasive messages and formal reports and proposals. In addition, there will be instruction in
oral presentation and in depth practice on both an individual and a collaborative basis.
Learning Outcomes: In successfully completing this course, students will:
a. Have a comprehensive view of communication, its scope and importance in business, and the role of
communication and communication principles
b. Know use of written English competently, accurately and appropriately in variety of Managerial communication
Scenarios.
c. Familiar with the basic forms, formats and techniques of business writing so that they will be thoroughly prepared
to take part in real-world business fields.
d. Understand the principles of managerial communication and be able to use the most suitable medium in given
situations.
e. Understand and appreciate current developments in communications technology and the effect that they have on
Business.
f. Know what the most common barriers to successful Business communication are and how they can be overcome.
g. Communicate Effectively.

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Course Content
1. The Basics of Business Communication: Definition of communication; Elements of communication process;
Importance and Benefits of Effective Communication; Components of Communication, Steps in communication
process; Communication functions and settings; Goals of Business Communication; Factors affecting
Communication, Potential communication barriers and ways to remove them.
2. Classification and Methods of Communication: Two Ways, External, Internal, Formal, Informal, Oral, Written
Communication , Visual, Audiovisual and Computer based communication, Mass Communication,
Communication Patterns, Downward Communication: Objectives, Media, Limitations, and essentials of
effective Downward communication; Upward Communication: Importance, methods, Limitations, and
Essentials of effective upward communication, Horizontal communication, Grapevine: How the grapevine
operates, Importance and limitations of grapevine, How to use the grapevine effectively; Consensus: the
consensus process, Advantages and Limitations of consensus.
3. Media of Communication: Written Communication: Purpose, Merits and Limitations; Oral Communication:
Importance, Uses, Preparation, Delivery, Style of Delivery, Speech, Face-to-face conversation, Interviews,
Meetings, Telephonic Conversation, limitations, Do's and Don'ts in Oral Communication; Audio-Visual
Communication: Merits and Limitations; Non-verbal Communication: Merits and Limitations Symbols,
Gestures, Nods, Body Language, Visual Aids in Communication, How to Make Audio-Visual Communication
Effective.
4. Principles of Effective Communication: The Seven C's of Effective Communication: Completeness,
Conciseness, Consideration, Concreteness, Clarity, Courtesy, and Correctness.
5. Effective Meeting: Preparation, Conduction, Strategy and Follow-up-Agenda and Minutes-Effective versus
Ineffective groups, Small Group Communication.
6. Communication across Cultures: Concept of Culture; How Culture Affects Business Communication; Cultural
Barriers to Communication; Guidelines for effective multicultural communication; Intercultural Communication
Model; National Cultural Variables; Individual Cultural Variables.
7. Office Memos: Memorandum-Meaning, Functions, Importance, uses, Procedures of writing memorandum,
Notice.
8. Written Communication: Fundamentals of Business Writing , Adaptation and The Selection of Words ,The
Planning of Letters, Selecting Formats, Characteristics of Business Letter, Classification of Business Letter,
Purpose of Various Letter, Functions of First , Middle and Last Paragraph, Inquiry Letter and reply to inquiry
letter, Order placement, Acknowledgement And decline Letter, Persuasive Letter, Complaint Letter, Collection
letter, Claim Letter, Sales Letter ,Congratulation Letter, Regret Letter, etc. Writing CV or Resume, Application for
job/ Cover letter, Joining letter, Resignation Letter, Winning interview.
9. Fundamentals of Report Writing: Definition; Characteristics and Types of Reports; Determining The Report
Purpose, Determining The Factors, Gathering The Information Needed, Interpreting The Findings, Organizing
The Report Information, Writing The Report, Collaborative Report Writing. An overview of Report structure;
Characteristics of The Shorter Reports; Forms of Shorter Reports; Special Reports Forms; Organization and
Content of The longer ReportsThe Prefatory Parts, The Report Proper, Structural Coherence Helpers, The Long
Analytical Report, Planning The Graphics, Placing The Graphics in The Report.
10. Non-Verbal Communication: Nature of Non-Verbal Communication; Types of Non-Verbal Communication:
Body language, Space, Time, Paralanguage, and Other Types of Non-Verbal Communication.
11. Technology-Enabled Communication: Tools for Constructing Messages, Tools for Presenting Messages, Tools
for Transmitting Messages, Tools for Collaboration.
12. Handling of Mail, Filing and Indexing: Handling of Inward and Outward Mail, Filing and Indexing Systems:
Essentials, Classification, Methods, Horizontal vs. Vertical Filing, centralized vs. Decentralized Filing, Indexing:
Types,Advantages and Disadvantages.

20
Text Books
1. Raymond V. Lesikar, John D. Pettit, Jr. and Marie E. Flatley. Basic Business Communication (Irwin and McGraw-
Hill).
2. Rajendra Pal and J.S. Korlahalli. Essentials of Business Communication (Sultan Chand & Sons).

Reference Books
1. Herta A. Murphy, Herbert W.Hildebrant and Jane P. Thomas. Effective Business Communication (Tata McGraw-
Hill).
2. Kitty O. Locker and Stephen KyoKaczmarek. Business Communication-Building Critical Skills (Tata McGraw-
Hill).
3. John V. Thill and Courtland L. Bovee. Excellence in Business Communication (McGraw-Hill).
4. Courtland L. Bovee and John V. Thill. Business Communication Today (Prentice Hall)
5. Krizan, A.C. “Buddy”, Petricia Merrier, Joyce Logan and Karen Williams. Business Communication (Thomson
South-Western).
6. Betty and Kay : Business Communication System and Application.

Course Title: Bangladesh Studies

Course no.: 115 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: All the citizens should know about the socio-economic context of Bangladesh like historical, ecological,
Social, Economic, Political, governmental, Financial end development aspects. Especially business student mast has
knowledge about the country. Having socio-economic factors of the country will help individuals make effective
business decisions.
Objectives: This course introduces the students of business Administration with the socio-economic context of
Bangladesh like historical, ecological, Social, Economic, Political, governmental, Financial end development
aspects. The knowledge will help them to know about Bangladesh, its people, area, history, constitution,
administration, Policies and economy.
Learning Outcomes: In successfully completing this course, students will:
a. Recognize and comprehend the organization's cultural goals and objectives.
b. Apply historical and cultural factors to business decision making.
c. Understand the changing pattern of the economy of the country.
d. Understand the climate and business environment of Bangladesh.
e. Determine methods of financing business activities.
f. Effectively utilize the natural resources properly.
g. Explain the importance of the historical, cultural, natural and environment aspects and its impact on the firm's
mission, strategies and decision making.

Course Content
Part-A : History and culture of Bangladesh.
1. The culture and Heritage of Bangladesh: Influences of major cultural figures (Alaool, Mir Mosharraf Hossain,
Kazi Nazrul Islam, Jasimuddin, Begum Rokeya, Lalon Shah, Rabindranath Tagore, Zainul Abedin) Culture,
National Culture, Characteristics of Culture, Model of Culture, Level of culture, Elements of Culture, Heritage,
Importance of studying National culture & Heritage for business students, Language, Religion, Festival, Dress,
Profession.
th
2. Pre-Mughal Bengal (4th century B.C-16 century AD): Ancient Bengal, Early Kingdoms in Bengal, The
establishment and consolidation of Muslim Rule in Bengal 1204-1342, The rule of the independent Sultans.

21
3. The Mughal Period (c.1526-1757): The Establishment of the Mughal Empire in India and its expansion into
Bengal, Reasons for the decline of the Mughal Empire, The decline of the Mughals in Bengal and the growth of the
Nawabs.
4. The British Period(c. 1757-1947): The Arrival of the British, Opposition to the British, British government in
the subcontinent and events leading to independence in 1947.
5. From Pakistan to Bangladesh (1947-1971): Problems facing the new nation of Pakistan, Problems of national
integration between East and West Pakistan, Political mobilization and events leading to independence. Language
movement, 6 points of demand, movement of 1969.
6. Constitution of Bangladesh:

Part-B : Environment and Development of Bangladesh

1. Physical features: Natural topography, drainage systems, names and locations of the main rivers.
2. Climate: Characteristics of tropical monsoon climate- temperature, rainfall, seasonal Variation, Factors Which
contribute to monsoon, depression and thunderstorm rainfall, Cyclones, Climate Change-global
warming/greenhouse effect, impact of environmental degradation, Deforestation, Pollution - Water and air.
3. Natural Resource: Forests and biomass, Fish, Water, minerals.
4. Structure and change in the economy since 1971: The changing share of primary, secondary and tertiary
sectors, Economic growth in Bangladesh and comparisons with other countries, Trends in human development
indicators (e.g. health, literacy, life expectancy, poverty, per capita incomes), Trends in urbanization, migration
and landlessness. Trends in birth rate, death rate and population growth.
5. Agriculture-The importance of Agriculture to Bangladesh: Factors affecting Agricultural production,
subsistence/ food crops, Cash/ Commercial crops, The impact of new technology in agricultures- the green
revolution.
6. Industry: The importance of industrialization to Bangladesh's development. The obstacles to overcome and
Bangladesh's success as a rapidly growing economy. The role of the State, the private sector and Multinational
Corporations/Companies (MNCs). The impact of policy changes (e.g. the changing role of the public sector,
infant industry protection and privatization). Types of industries cottage industry (e.g. handicrafts), small-scale
industry (e.g. garment making) and large-scale industry (e.g. jute). The characteristics of each type and their
importance for employment (e.g. gender, age), trade, income and productivity growth.
7. The service sector: The informal sector (e.g. includes domestic servants, rickshaw drivers, shop workers) and its
importance in the Bangladesh economy. The importance and challenges of moving to high-value added services
(e.g. IT related industries).
(b) Non-governmental Organizations (NGOs) as service delivery organizations (e.g. BRAC, Proshika).
8. Population structure and growth : Population growth of Bangladesh, Rural-Urban and international migration.
9. Health and Education: The Health care delivery systems, the provision and delivery of Education.

Text Books
1. The Cambridge publication about Bangladesh Studies, 7094
2. Bangle Pedia: National Encyclopedia of Bangladesh, Edited by professor sirajul Islam-2006
3. History of Bangladesh and Ancient world civilizations (second Edition)-2002, National Curriculum and
Textbook Board, Dhaka.

22
 DETAILED CURRICULUM
FIRST YEAR
SECOND SEMESTER
Course Title: Intermediate Accounting
Course no.: 121 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: Business and enterprise are at the heart of national growth and development and this is reflected in the
important place of business education in the curriculum. This provision offers opportunities for individuals to develop
the crucial skills and knowledge, which allow them to access, understand and contribute to the dynamic and complex
business and information environment. The study of accounting at Intermediate level develops the candidates' ability
to identify, accurately record and communicate financial and other relevant information to allow judgments and
decisions to be made.
Objectives: This course has been designed with an objective to get the students familiar with the accounting
treatments and presentation procedures of the items appearing on the asset side of the Balance Sheet/Statement of
Financial Position. This will also provide guidelines for the treatments in case of changes in accounting policies,
estimates and errors.
Learning Outcomes: In successfully completing this course, students will be able to:
a. Explain the nature of current assets including the measuring and reporting of items such as short-term
investments, receivables and bad debts, inventory and costs of goods sold, and prepaid expenses.
b. Define and distinguish between current and non-current asset and the impact of each on the financial statements.
c. Recognize the information conveyed in depreciation of plant, property & equipment; retirement and disposal of
non-current assets; and impairment of intangible assets.
d. Understand the measurement and recognition of non-current and intangible assets.
e. Identify the accounting and disclosure requirements of lease and accounting policies, changes and errors.
Course Content
1. Accounting for Current Assets
Accounting for Cash and Cash at Bank: Cash and cash equivalent; Restricted cash; Reporting of cash; Cash
Control systems; Cash Book and Bank Statement; The Bank Reconciliation Statement.
Receivables: Introduction to Accounts Receivables and Notes Receivables; Valuation of Accounts Receivable;
Uncollectible Accounts Receivables; Methods of Determining Uncollectible Accounts Receivable: Direct Write-
off method, and Allowances Method; Accounting for previously written off uncollectible; Discounting Notes
Receivables: Interest Bearing and Non-Interest Bearing Notes Receivables; Dishonored Notes Receivables.
Inventory: Definition of inventory; General basis of inventory measurement; Inventory cost flow assumption;
Inventory valuation methods: Net Realizable Value (NRV) calculation, and Disclosure requirements as per IAS 2.
2. Accounting for Noncurrent Assets:
Property, Plant and Equipment (PPE): Initial recognition and measurement of PPE; Subsequent measurement
of PPE; Cost and revaluation model; Nature of Depreciation; Depreciation Methods; Recording of depreciation;
Disposition of Plant assets; Disclosure requirements as per IAS 16; Definition, Recognition and Disclosures of
Borrowing costs as per IAS 23.
Intangible assets: Nature of intangible assets; Initial Recognition and measurement; Measurement subsequent to
initial recognition; Retirement and disposals; Disclosure requirements as per IAS 38.
Impairment of Noncurrent Assets: Definition of Impairment; Identifying an asset that are under impairment
test; Measuring recoverable amount; Recognizing and measuring an Impairment loss; Cash generating unit and
goodwill; Reversing an impairment loss and Disclosures as per IAS 36.

23
3. Accounting Policies, Changes and Errors: Definition; Introduction to Accounting policies; Changes in
accounting policies and estimates; Errors; Disclosure requirements as per IAS 8.
4. Accounting for Lease: Definition and Classification of leases; Classification guidance; Accounting for Finance
lease; Accounting for Operating lease; Sale and Sales leaseback transaction and disclosure requirements as per
IAS 17.

Text Books
1. Donald E. Kieso, Jerry W. Waygandt and Terry D. Warfield. Intermediate Accounting (IFRS Edition) (John
Wiley & Sons).
2. Smith & Skousen : Intermediate Accounting

Reference Books
1. Ruth Picker, Ken Leo, Jennie Radford, Keith Alfredson, Paul Pactor and Victoria Wise. Australian Accounting
Standards (JohnWiley & Sons Australia, Ltd.).
2. Craig Deegan. Australian Financial Accounting (McGraw-Hill Australia).
3. Pyle & Larson : Fundamentals of Accounting Principles.
4. Jain, S. P. & K. L. Narang : Advanced Accounting
5. Basu & Das : Principles and practices of Accountancy.

Course Title: Micro Economics

Course no.: 122 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: The study of economics deals with the choices and decisions that have to be made in order to manage
scarce resources available to us. Microeconomics is the branch of economics that pertains to decisions made at the
individual level, i.e. by individual consumers or individual firms, after evaluating resources, costs, and tradeoffs.
When we talk about “the economy,” then, we are referring to the marketplace or system in which these choices
interact with one another. In this course, we will learn how and why these decisions are made and how they affect one
another in the economy.
Objectives: The purpose of this course is to give students a thorough understanding the basic concepts of micro
economics that apply to the decisions of individuals- both consumers and producers-within the larger economic
system. The main focus of the course is on the concept of scarcity and choice, determinants of demand, supply,
production function, short run and long run cost / revenue structure, nature and functions of product markets, the
study of factor markets and the role of Government in promoting greater efficiency and equity in the economy.
Learning Outcomes: Upon successful completion of the course, students will be able to:
a) Understand that economics is about the allocation of scarce resources, that scarcity forces choice, tradeoffs exist
and that every choice has an opportunity cost. Demonstrate these concepts using a production possibility frontier
diagram.
b) Understand how comparative advantage provides the basis for gains through trade.
c) List the determinants of the demand and supply for a good in a competitive market and explain how that demand
and supply together determine equilibrium price.
d) Understand the role of prices in allocating scarce resources in market economies and explain the consequences of
price controls.
e) Understand the costs of production and how profit-maximizing firms determine how much to produce. Be able to
distinguish between long-run decisions and short-run decisions.
f) Distinguish between perfect competition and imperfect competition and be able to explain the welfare loss in non-
competitive markets.

24
Course Content
1. Basic Concepts and Ideas: Definition and Relevance; Positive and Normative Economics; Choice, Scarcity,
Opportunity Cost, Production Possibility Frontier, Preliminary introduction to Great School of Economic
Thoughts Classical, Neo classical, Keynesian, Marxist; the Difference between Micro and Macro Economics.
2. The Central Problems of Economic Society: How the Economic problems are solved under Alternative
economic systems: Market economics-Socialist economics-Mixed economics-The price system-Value and Price.
3. Theory of Demand and Supply: The Demand function-Determinants of Demand for a commodity market-
Demand curve-Shifts vs. Movement in the Demand curve-Supply function-Determinants of Supply-Shifts vs.
Movement in the Supply Curve-Competitive Market, Equilibrium Demand and Supply-Its Implications-
Consumer Surplus-Producer Surplus.
4. Elasticity of Demand and Supply: Price elasticity of Demand-Point elasticity of Demand-Arc elasticity of
Demand-Income elasticity of Demand-Cross elasticity of Demand. Total Revenue-Marginal Revenue-
Relationship between Marginal Revenue, Price and Elasticity of Demand. Elasticity of Supply-Concepts-
Application in Business.
5. Theory of Consumer Behavior: Utility Analysis-Cardinal vs. Ordinal Utility-Cardinalist Approach-Marginal
Utility and Law of Diminishing Marginal Utility-Ordinalist Approach-Indifference curve Analysis-Budget line
and its properties-Consumer equilibrium-Effects of price and income change on consumer equilibrium-
Derivation of Demand and Engel curve-Definition of Engel curve-Elasticity measurement along the Engel curve-
Its Application-Classifying Normal goods, Inferior goods and Superior goods-Income effect and Substitution
effect-Normal goods, Inferior goods and Giffen goods paradox.
6. Theory of Production: Short-run Production function-Total product curve-Law of Variable Proportions-
Average product and Marginal product relationship-Long-run production function-Isoquants and its properties-
Returns to scale-Cost function-Iso cost and its properties. Producer equilibrium through Isoquant and Iso cost
curve-Output maximization vs. Cost minimization-Economic efficiency-Efficiency in production-Derivation of
Production possibility Frontier-Cobb-Douglas production function and its properties-Elasticity of Substitution.
7. Theory of Cost: Short-run Cost-Fixed Cost, Variable Cost, Total Cost, Marginal Cost-Average Cost,
Relationship between Marginal Cost and Average Cost. Long-run cost-Derivation of Long-run cost from Short-
run cost-Applications of Business problems.
8. Product Market Equilibrium:
A. Concept of a Market and Different types of Market: Market Structure-Competitive and Non-Competitive
Market-Perfect Competition vs. Imperfect Competition.
B. Pricing under Perfect Competition: Short-run and Long-run Equilibrium of Firms and Industry under
Perfect Competition-Derivation of Firms Supply curve-Economies and Diseconomies of Scale.
C. Pricing under Monopoly: Short-run and Long-run Equilibrium nunder Monopoly-Monopoly and Price
Discrimination.
D. Comparison between Perfect Competition and Monopoly with respect to Price, Output and profit.
E. Equilibrium in Monopolistic Competition and Concepts of Oligopoly.
9. Theory of Distribution: Factors of Production and Factor Pricing: Wage, Rent, Interest, Profit-theories of
Factor Pricing: Classical and Modern theories; Critique of Classical and Modern theories; Role of Trade Unions
in Wage Determination.

Text Books
1. Koutsoyiannis : Modern Micro Economics.
2. Dewett, K.K. : Modern Economic Theory.

Reference Books
1. R.G.Lipsey : An Introduction to positive Economics.
2. P. Krugman & R. Wells : Microeconomics (worth publishers)
3. Samuleoson and W. Nordhause : Economics (Latest Edition)
4. Baumo and Blinder : Economic Principles and Policy
5. H. L. Ahuja : Modern Economic Theory.

25
 Course Title: Mathematics for Business Decisions
Course no.: 123 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: Business ownership requires skill people in creating a product or talent at providing a service.
Understanding business mathematical logic is necessary for profitable operations and accurate record keeping. If
math is not your strength, partner with someone who can take over that role of minimization product cost, competitive
price determine and maximize profit measure.
Objectives: This course objective is equip the students of accounting with mathematical tools used in the analysis of
business and accounting problems; develop an understanding of theory and practices of mathematical approach to
decision making; stimulate interest of students of accounting and business regarding implications of mathematics;
give elementary ideas of calculus; and train how to use calculus to solve business problems.
Learning Outcomes: The student will be able to:
a. Demonstrate the ability to algebraically derive and solve equations in functional and general form for
problems in business.
b. Demonstrate the ability to solve financial problems involving calculation of present and future value,
payments, interest rate and compounding periods.
c. Prepare and give oral presentations from research literature in mathematics.
d. Calculate price determination, cost minimization and marginal cost by use of Calculus.
e. Do output model analysis by using matrix.

Course Content
1. Geometry of Two Dimensions: Cartesian Co-ordinate System- Distance between two given Points
Identification of Figures using distance Formula Locus of given Points Business application. Rectangular
coordinate system Distance between two points Gradient Equations of straight lines Slope and intercept from two
points Parallel & perpendicular lines, Equation & graphical representation of circle, Parabola & hyperbola.
2. The Straight Lines: Different Forms of Equations Parallel and Perpendicular form of Equations Point of
Intersection of Lines Interpretation of Slope of Different Business Problems and Marginal Concept Analysis.
3. Menstruation: Concepts, Determination of Perimeter and Area of Plane two Dimensional Figures. Properties of
Different Figures. Determination of Different Parts of a Circle & Circular Disc. Surface Area and Volume of
Solids. Use of Menstruation Concept in Business Problems.
4. Determinants and Vectors: Introduction, Properties of Determinants. Operations on Determinants. Expansions
of Determinants. Sarrus Diagram and Crammers Rule and Use in Business. Introduction to Vectors, Types of
Vectors, Properties, Scalar and Vector Product of vectors.
5. Matrices: Introduction, Types of Matrices, Operation on Matrices. Solution of Simultaneous Linear Equations.
Leon-tiff Input- Output Model Analysis,Application to Business Problems.
6. Function, Limit and Continuity of a Function: Introduction, Types of Functions, Operation on Functions.
Determination and Derivation of Different Business Function. Definition of Limit. Determination of Limit of
Different types of Functions- Determination of Continuity of Different Functions.
7. Differential Equations: Introduction, Order and Degree of Differential Equations Solution of Differential
Equations of First Order and First Degree. Verification of the Solutions of Differential Equations Differential
Equations of the Second Order with Constant Coefficients Application of Differential Equation in the Problems
of Business and Economics. Determination of Maxima and Minima of Different Functions using Differentiation
Rules. Business Problem Solution. Conditions of Maxima and Minima. Test for Maxima and Minima. Point of
Inflexion.
8. Integration and Use in Business Problems: Introduction, Different Rules of Integration, Indefinite and Definite
Integral. Calculation of Area of Irregular Curves and Figures- Analysis of Total Concept by Integration.

26
9. Multivariate Calculus: Functions of several Variables, Partial Derivatives, Second-order Partial Derivatives,
Higher order Partial Derivatives, Implicit Partial Derivatives, Extreme for Multivariate Functions, Constraint
Optimization and Lagrange Multipliers-Production and Inventory Models-Business Application.

Text Books
1. Sanchetti D.C. and V.K. Kapoor: Business Mathematics.
2. Zameeruddin, Khanna, Bhandari: Business Mathematics.
3. Bowen Earl K: Mathematics with Applications in Management &Econ.

Reference Books
1. Ann. J. Hughes: Applied Mathematics for Business, Economics, and Social Sciences
2. Zima Brown: Mathematics for Finance
3. Richard Anderson & Cecil L. Smith: Calculus for Business
4. John Hegarty: Calculus for the Management and Social Science.
5. Betlinger & Crowy: Calculus for Business, Life Sciences and Social Sciences.
6. Ronald J. Harshbarger and James J. Reynolds. Mathematical Applications for the Management, Life, and Social
Sciences (Brooks/Cole Ceenage Learning).

Course Title: Principles of Management

Course no.: 124 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: Business requires good organization and coordination of work to produce a desired result. A manager is a
person who practices management by working with and through people in order to accomplish his or her
organization's goals. When you think of the term manager, you may be imagining your supervisor as he or she hires
and terminates employees and makes major decisions above your authority. However, although you may not view
yourself in this way, you yourself may also be a manager. In fact, many of us practice management skills in the
workplace very day. You may have a team of employees that you manage, or lead a project that requires management
strategy, or demonstrate leadership qualities among your peers. These are all scenarios that require you to apply the
principles of management.
Objectives: Management is often recognized as the fifth factor of production. The purpose of this course is to give the
students a basic understanding of the role and functions of a manager and to explain the principles, concepts, and
techniques used by managers in carrying out their work. It also aims at getting the students acquainted with the
complexity and wide variety of issues managers face in today's business firms.
Learning Outcomes: Upon successful completion of the course, students will be able to:
a. Discuss and communicate the management evolution and how it will affect future managers.
b. Observe and evaluate the influence of historical forces on the current practice of management.
c. Identify and evaluate social responsibility and ethical issues involved in business situations and logically
articulate own position on such issues.
d. Explain how organizations adapt to an uncertain environment and identify techniques managers use to influence
and control the internal environment.
e. Practice the process of management's four functions: planning, organizing, leading, and controlling.
f. Identify and properly use vocabularies within the field of management to articulate one's own position on a
specific management issue and communicate effectively with varied audiences.
g. Evaluate leadership styles to anticipate the consequences of each leadership style.
h. Gather and analyze both qualitative and quantitative information to isolate issues and formulate best control
methods.

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Course Content
1. Introduction: Definition of Management Nature - Levels of Management - Managerial Roles- Managerial
Skills - Organizational Hierarchy - Managerial Functions The Science & Art of Management System Approach
of Management Scientific Management Principles of Management.
2. Traditional and Contemporary Issues and Challenges: Environmental forces affecting management thought;
Schools of Management Thought: the Classical Management Perspective, the Behavioral Management
Perspective, the Quantitative Management Perspective, the Systems Management Perspective, the contingency
perspective; Contemporary Management Challenges.
3. Planning: Meaning Nature Types Steps Time frame for Planning Objectives and Goals Purposes of Goals -
Kinds of Goals and Objectives - Barriers to Goal Setting and Planning Overcoming the Barriers Management by
Objectives (MBO).
4. Organizing: Meaning Organizational Structure Departmentalization Work Specialization Chain of Command
Span of Control Centralization Vs Decentralization Formalization Common Organizational Design Simple
Structure Bureaucracy Matrix Structure New Design Options Team Structure Virtual Organization Boundary
less organization.
5. Staffing: Meaning HRM Planning Job Analysis Management Inventory Chart - Recruitment Selection
Selection Process Selection Techniques Employee Training & Development Performance Appraisal.
6. Leading: Meaning Importance - Leadership Leadership Style Leadership Theories Trait Theory Behavioral
Theories Managerial Grid Contingency Theories of Leadership The Fiedler Model The Path-goal Theory
Contemporary issues in Leadership Team Leadership Charismatic Leadership Visionary Leadership.
7. Motivating: Meaning Why Motivation Theories of Motivation Maslow's Need Hierarchy Theory McGregor's
Theory X and Theory Y Hergberg's Two factor Theory Equity Theory ERG Theory Expectancy Theory
Reinforcement Theory.
8. Controlling: Meaning and Significance Features of good control System Setting control Standards- Reporting
and feedback Budgetary control System Budget as Motivation tool Management By Objective(MBO)-
Management By Exceptions(MBE)-Behavioral Aspects of Control Management Information System(MIS)-
Production and Operation Control.
9. Managing Organization Change and Innovation: Nature of organization change; Forces for change; Steps in
the change process; Resistance to change; Overcoming resistance to change; Areas of organization change;
Approaches to implement change; The innovation process; Forms of innovation; Promoting innovation in
organizations.
10. Management & Society: External Environment, Social Responsibility & Ethics and Management Challenges in
st
21 century.
11. External Environment Technological Social Economic Legal Social Responsibility Argument for and
st
argument against Social Responsibility Defining Ethics Institutionalizing Ethics Management in 21 century
Globalization Ethics Workforce Diversity TQM Improving people Skill Managing in E Business.
12. Decision Making: Decision Making Process-Problem and opportunity Findings-Nature of Managerial Decision
Making-Other factors in Decision Making-Decision Support System.
13. Productivity and Operations management: Problems and Measurement- Production and Operations
Management- Operations Management Systems- Operation Research for Planning, Controlling and Improving
Productivity- Direct Control Vs. Preventive Control- Total Quality Management.
14. Global Controlling and Global Challenges: Controlling Practices in Japan, The United States, and China-
Controlling Practice in Bangladesh.
15. Organizational Development: Necessity of Management Development; Training and Organization
Development; Benefits on the job training; Benefits off the job training; Evaluation and relevance of training
program.

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Text Books
1. Koontz, O Donnel and Weilrich: Management
2. Ricky W. Griffin: Management.

Reference Books
1. Newman: Administrative Action
2. Earnest Dale: Management principles & practices
3. Gary Dessler: Organization & Management-A ContingencyApproach.
4. Richard L. Daft. Management (Thomson South-Western).
5. Goodman Lewis and Michlitsch Fandt. Management: Challenges for Tomorrow's Leaders (Thomson South-
Western).
6. Robert Kreitner. Management (Hougton Mifflin Company).
7. Harold Koontz and Heinz Weilrich. Essentials of Management (Tata McGraw-Hill).

Course Title: Corporate Laws

Course no.: 125 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: Industries going for business has to face issues like the creation of new businesses and the issues that
arise as existing businesses interact with the public, other companies, and the government. This area of the law
draws on a variety of legal disciplines, including tax law, intellectual property, real estate, sales, employment law,
bankruptcy, and others. The students should know the rules and regulations regarding business formation,
operations and transactions with related people, government and other economic entities.
Objectives: The objective of this course is to ensure that students become familiar with the different aspects and
provisions of various business and company laws.
Learning Outcomes: Upon successful completion of the course, students will be able to:
a. Create a valid contract and to enforce the mutual obligation regarding agency, bailment of pledges, sales of
goods, carriage, etc.
b. Understand the law relating to international commercial arbitration, recognition and enforcement of foreign
arbitral award and other arbitrations
c. Know the registration procedures and duration, effects of registration, sse of trademark
d. Develop awareness on the essential regulatory issues in dealing with workforce in the industrial scenario.
e. Understand the legal procedures to create a company and able to know how shareholders, directors, employees,
creditors, and other stakeholders such as consumers, the community and the environment must interact with one
another within the framework of laws.
Course Content
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 Law relating to Carriage: Carriage by Land, Carriage by Sea, Carriage by Air.
4. The Arbitration Act, 2001: Arbitration agreement; Subject matter of arbitration; Different methods of
arbitration; Arbitration tribunal; Arbitral proceedings; Arbitral award; Appeals.

29
5. The Trade Marks Act, 2009: Registration procedures and duration, Effects of registration, Use of trademark.
6. The Bangladesh Labor Act, 2006: Employment of young persons; Health, hygiene, welfare; Safety; Working
hours, leave and holidays; Wages board; Trade union and industrial relations; Dispute resolution; Labor court;
Labor appellate tribunal; Workers' profit participation; Provident fund; Offence and penalty.
Company Law
1. Introduction: Background and Evaluation of company law in the sub-continent- the company: its nature and
kinds-formation and incorporation of a company law and procedure.
2. The Company Secretary: Appointment Legal position Duties of company secretary- Rights- Liabilities and
qualifications.
3. a) Memorandum of Association: Definitions Importance-Form-Content- Procedure of Alteration.
b) Articles of Association: Definition-Content-Procedure of Alteration.
c) Prospectus: Issue- listing of companies- Content- Statement in lieu of prospectus- Remedies.
4. Company Management and Administration: Directors- Qualification Appointment- Removal of managing
Agent- Duration- Investigation- Remuneration.
5. Meetings: Board's Meeting Frequency -Notice-Agenda Quorum Resolution General Meeting- Types- Law
and procedure- Resolution and Minutes.
6. Accounts, Statutory Books and Audit: Appointment Remuneration and Removal of Auditors.
7. Winding up of companies: Meaning Modes- Consequences, etc.

Text Books
1. A. Khan. Labour and Industrial Law (M/S. Alam Book House).
2. A. K. Sen and J. K. Mitra. Commercial & Industrial Law (World Press)
3. Ashok K. Bagrial: Company Law
4. K.M. Hasan. A Company Act (Liton Publication)
5. Mahbubur Rahman. Company Act 1994( Shamas Publication)

References Books
1. Companies Act 1994
2. Charls worth & Chain : Company Law
6. Tophan E. : Company Law
7. Kuchhal M.C : Secretarial Practices, Vikas Publishing House Ptv. Ltd.
8. Arbitration Act, 2001
9. Bankruptcy Act, 1997
10. Bangladesh Labor Act, 2006
11. Bank Company Act, 1991
12. Contract Act, 1872
13. Financial Institutions Act 1993
14. Insurance Act, 2010
15. Sale of Goods Act, 1930
16. Securities and Exchange Commission Ordinance, 1969
17. Securities and Exchange Rules, 1987
18. Trade Marks Act, 2009

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 SECOND YEAR
FIRST SEMESTER
Course Title: Advanced Accounting I
Course no.: 211 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: Building on technical skills and knowledge covered in earlier accounting courses, Advanced Accounting
focuses on complex accounting topics. Its primary focus is on recognition, measurement and disclosures of various
types of liabilities, equities, revenues and expenses that are presented in the Financial Statements. This course gives
learners a deeper understanding of the dynamic world of business by developing skills in communicating essential
financial information, in a variety of presentation formats, to the various stakeholders of an organization.
Objectives: This course has been designed with an objective to develop students' understanding of the recognition,
measurement and disclosures of various types of liabilities, equities, revenues and expenses that are presented in the
Financial Statements.
Learning Outcomes: Upon successful completion of the course, students will be able to:
a. Recognize measurement of revenue and expense under joint venture and consignment business.
b. Explain the valuation and reporting of current liabilities, estimated liabilities, and contingencies.
c. Identify and illustrate issues relating to the valuation, issuance, and retirement of long-term liabilities.
d. Be able to account for long-term investments and international business activities.
e. Identify and illustrate issues relating to stockholders' equity including the issuance of stock, repurchase of stock,
and dividends.
f. Explain the importance of operating, investing, and financing activities reported in the statement of cash flows
when evaluating firm performance and solvency.
g. Identify the ethical implications inherent in financial reporting and be able to apply strategies for addressing
them.
Course Content
1. Revenue and Expense Recognition and Measurement: Definition of revenue and expense;Measurement of
revenue and Expense; Identification of the transaction; Sale of goods; Rendering of services; Interest;
Royalties/Franchise and Dividends and Disclosures requirements as per IAS 18; Basic Issues in Revenue and
Expense Recognition for Construction Contract; Installment sale; Hire purchase; Consignment.
2. Consignment Account: Difference between sales and Consignment, Account sales Accounting treatment in
Consignor's books- Valuation of unsold stock, treatment of commission , bad debts and Del-Credere
Commission- treatment of loss of goods on Consignment stock deficiencies- Insured and uninsured stock losses-
Goods on Consignment at selling price- treatment of discount on bill of exchange Accounting treatment in
Consignee's book.
3. Joint Venture Accounts (IAS 31): Difference between joint Venture and Consignment- Accounting for Joint
Ventures including multinational ventures; Separate set of Books and No Separate set of Books.
4. Accounting for current Liabilities : Definition; Identification of major types of current liabilities; Accounting
for Accounts payable and Notes payables; Accounting for other liabilities; Presentations of current liabilities in
Financial Statements and Disclosure requirements.
5. Provisions, Contingent liabilities and Contingent Assets: Definition and recognition; Measurement and
subsequent treatment; Specific application; Disclosures requirements as per IAS 37.
6. Accounting for non-current Liabilities: Types of Bonds; Valuation of bonds payable-Discount and premium;
Cost of issuing bonds; Notes payables; Notes issued at face value; Notes Not Issued at Face Value; Zero Interest
Bearing Notes/Bonds; Interest Bearing Note; Notes Issued for Property, Goods and Services.

31
7. Owner's Equity: 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.
8. Accounting for Partnership: Partnership Business and its characteristics; Preparing Partnership accounts; Form
and contents of Financial Statements; Accounting for changes in a Partnership Structure: issues of valuation of
goodwill and Adjustment of Capital as per new proportion, Liquidation of Partnership Business, Conversion or
sale of a partnership to a company.
9. 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.
10. Ideas on Accounting for Operating Segments.

Text Books
1. J. J. Weygandt, D.E. Kieso and T. D. Warfield. Intermediate Accounting (John Wiley & Sons, Inc).
2. Mukherjee, Amitabha & Hanif : Modern Accountancy Vol. I & II

Reference Books
1. Leo Picker, Radford Alfredson and Wise Pacter. Australian Accounting Standards (Willy & Sons Australia Ltd).
2. Craig Deegan and Grant Samkin. Fianancial Accounting (McGraw-Hill Irwin).
3. Weygandt, Kieso & Kimme : Accounting Principles.
4. Simon and Smith Karrenbrock : Intermediate Accounting.

Course Title: Macro Economics

Course no.: 212 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: Macroeconomics is concerned with the behavior of the economy as a whole. In particular it addresses the
big issues which affect us on a day to day basis. As macroeconomists we want to know why some countries grow more
quickly than others, why some experience high inflation while others have stable prices and why all countries
experience recessions and booms. Furthermore, we want to know if government policy can have an impact on these
factors. This course provides these tools and gives a general understanding of these issues.
Objectives: The goal of the course is to provide students a coherent theoretical framework about the determination of
macroeconomic variables such as national income, consumption, savings, investment, inflation, unemployment,
interest rates, monetary policy, fiscal policy, trade policy etc. and to understand for formulating and assessing
macroeconomic policy suggestions.
Learning Outcomes: Upon successful completion of the course a student will be able to:
a. Understand why household, business, government and global behavior determine the aggregate demand for
goods and services
b. Understand why the behavior of businesses and the rest of the world determine the aggregate supply of goods
and services
c. Understand how aggregate demand and aggregate supply interact to drive a free market economy

32
d. Understand the implications of interference in a market economy, including government policy
e. Understand the basics of national income accounting
f. Understand the causes and consequences of business cycles
g. Understand the roles of fiscal and monetary policy in fighting recessions and inflation
h. Understand factors that contribute to and detract from long-term economic growth
i. Apply economic reasoning to understand the operation of an economy
j. Understand the interaction between the domestic economy and the rest of the world
k. Be able to apply basic international trade and finance concepts to global pricing issues, including working with
exchange rates
Course Content
1. Introduction to Macro Economics: Definition of Macro Economics-Macro Economics Vs Micro Economics-
Subject matter of Macro Economics-Major Macro Economics Problems-Tools of Macro Economic Policy-
Importance and Relevance of Macro-Economics for Business Students- Importance of Macro-Economic
Management for a Developing Country like Bangladesh.
2. The Model of the Circular Flow of Income: Goods and Money flow between Households and Firms-Savings-
Investment-Foreign trade and Government Activity.
3. National Income: National Income (NI) Concepts-GNP, GDP, NNP, NI, PI, Real NI & Nominal NI, NI deflator;
Methods of NI Measurement, NI estimation in Bangladesh: Salient features, Difficulties in estimation.
4. Determination of National Income: Keynesian Theory: Aggregate Demand-Aggregate Supply-Determination
of the Equilibrium level of National Income-Determination of National Income: Three Sector Model-
Determination of National Income: Four Sector Model-Concepts of Inflationary and Deflationary Gaps.
5. Theories of Consumption, Savings and Investments-Keynesian Development: Consumption Function:
Linear and Non-Linear Consumption Functions; Constant and Variable Consumption-MPC and APC and their
Relationship-Factors impacting on MPC; Economic Implications on MPC being less than one and greater than
zero; Savings Function-Paradox of Savings; Investment-Autonomous and Induced-Multiplier and Equilibrium
levels of output; Marginal Efficiency of Capital(MEC)-Interest rate and Equilibrium level of Investment
6. Goods and Money Market: Goods market equilibrium-The derivation of the IS curve-Money market
equilibrium-The derivation of the LM curve-Simultaneous equilibrium of the goods and Money Market-
Monetary and Fiscal policies of Stabilization purposes.
7. Theory of Money: Evolution of Barter system into Monetary system-Standards and their comparative
advantage-Metallic standard and paper standard, Principles of Currency issue; Narrow money and Broad Money;
Value of Money-Internal and External; Quantity theories of money-Cash Transactions-Cash Balance Approach;
Keynesian Approach to Demand for money-Transitions-Precautionary and Speculative Demand for money,
Exchange rate, Determination of exchange rate in the short-run; Floating rate; Full Convertibility and Partial
Convertibility of a currency-Convertibility of Capital Account and Convertibility of current Account.
8. Monetary Policy: Importance of Monetary Policy, The Instrument of Monetary Policy, Monetary Policy during
Inflation, Deflation, Stagflation and Different phases of Business Cycle; Causes and types of Inflation.
9. Unemployment: Meaning and Measurement-Cost and causes-Alternative policy measures-Unemployment in
Bangladesh.
10. Theory of Public Finance: Role and Objectives of Public Finance; Public goods and Private goods; Externalities
(Positive and Negative) and Market failures; Fiscal policy; Role; Instruments and Implications; Principles of
taxation-Classification of taxes; Public revenue and Public expenditure-Public debt serving and burden.
11. Theory of International Trade: Theory of Absolute advantage and Theory of Comparative advantage; Modern
trade theories: Free trade and Protectionism; Instrument of Protectionism-Tariff and Non-tariff barriers-GATT
and UNCTAD; Customs Union and Free trade areas-NAFTA, EU, SAFTA, LAFTA, AFTA etc.

33
Text Books
1) H.L.Ahuja : Modern Economics.
2) N. Gregory Mankiw : Macroeconomics (Worth Publishers)
3) Dewett, K.K. : Modern Economic Theory.

Reference Books
1) R. Dornbush and S. Fischer : Macroeconomics.
2) Samuelson P. and W. Nordhaus : Economics
3) M.C. Vaish : Macro Economic Theory.

Course Title: Business Finance

Course no.: 213 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: All business functions deal with finance because they need to able to make the financial argument for the
funding of their projects and to manage their budgets. Like companies, individuals are faced with investment and
financing decisions. Having a firm grasp finance will help individuals make those decisions.
Objectives: This course provides an overview of business finance. Emphasis is on finance goal and agency problem,
source of financing, time value of money, cost of capital, capital budgeting, risk and return, working capital, and
financial decision.
Learning Outcomes: In successfully completing this course, students will:
a. Apply problem-solving techniques applicable to business decision making.
b. Recognize and comprehend the organization's goals and objectives.
c. Apply the principles of business finance which support the overall financial strategy of the organization.
d. Apply the standard and accepted accounting principles when reporting, recording, and projecting financial
information/
e. Understand the structure of financial statements.
f. Determine methods of financing business activities.
g. Effectively utilize the time value of money, and financial return and risk concepts to conduct professional financial
analyzes.
h. Explain the importance of the capital budgeting process and its impact on the firm's mission, strategies and
decision making.

Course Content
1. Introduction: Definition-Concept and Importance-Functions of Finance-The Goal of Financial Management-
Value maximization as a goal-The Agency Problem-Financial Decision.
2. The Time Value of Money: Future Value-Present Value-Future Value Vs Present value Future Value of Annuity-
Present value of Annuity-installment payment for Accumulation of a future sum.
3. Cost of Capital: Definition-Cost of Debt-Cost of Preference Capital-Cost of retained earnings-Cost of newly
issued common share of External EquityWeighted Average Cost of Capital (WACC)-Composite cost of Capital-
Marginal Cost of Capital (MCC)-Combining MCC and Investment opportunity Schedule-Capital rationing.
4. Risk and Return: Definition and Measurement of Risk- Adjusted rate of Return-Portfolio Risk-The relationship
between Risk and Rate of return -Uncertainty and Return- Probability distribution and Expected return-Total risk
Analysis for assets in isolation-Variance, standard Deviation and Coefficient of variation and Capital Asset
Pricing Model (CAPM) to analyze risk.

34
5. Source of Financing
a) Short-Term Financing: Sources of Short-term Financing-Accruals-Trade Credit short - term Bank Loans-
Accounts Receivable Inventory Financing.
b) Long-Term Financing: Types of Long term Debt Instruments: How much should a firm borrow-Debt
Financing-Kinds of Debt-Heading Financial Risk-Bond and Their features-Retirement of Bonds-Preferred
Stock-Common Stock-Right of Common Share Holders-Issuing Securities to the public.
6. Working Capital Management: Working Capital Terminology-The Requirements for external Working Capital
Finance-The Cash Conversion Cycle-Working Capital Investment and Financing Policy-Advantage and
Disadvantage of Short-Term Financing Cash, Credit and Inventory Management.
7. Lease Financing: Types of Leases-Factor affecting the lease decision-Evaluation by the lessee-Evaluation by the
lessor, Lease Vs Hire purchases, Arguments for and against Leasing.
8. Introduction to Capital Budgeting : Estimation of cash flow-Project evaluation and selection-Payback Period
(PBP)-Accounting Rate of Return (ARR)-Net Present Value(NPV)-Internal Rate of Return(IRR)-Comparison
between IRR and NPV-Profitability Index-Evaluating Projects with unequal Lives-Capital Rationing-Effects of
Taxation and Inflation.
9. Valuation: Fundamentals, Valuation of Bond, Valuation of Common Stock, Preferred Stock, Right Issue.

Text Books
1. Gitman, R.R. : Principles of Managerial Finance
2. Van Horne, Jams C and Wachowicz Jr.: Fundamental of financial Management.
3. Eugene F. Brigham: Fundamental of Financial Management.

Reference Books
1. S, B. Bloke & G.A. Hirt: Foundation of Financial Management.
2. I.M. Panday: Financial Management.
3. S. Besly& E.F. Brigham: Essential of Managerial Finance.
4. Schall& Haley: Introduction to Financial Management
5. Weston and Brigham: Managerial Finance
6. Khan and Jain : Financial Management

Course Title: Basic Business Statistics

Course no.: 214 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: Now a day's empirical research in any real life field cannot be undertaken without application of
statistical tools. Knowledge of statistics is particularly very helpful for taking decision in the area of business under
uncertainty.
Objectives: The objective of this course is to focus on the main notions and methods of statistics and to show how to
use the methods to interpret data in business.
Learning Outcomes: Upon the successful completion of this course, a student should be able to:
a. Broad comprehensive of terms, concepts and theories to solve various statistical problems.
b. Identify the appropriate statistical technique for analysis of data and demonstrate
c. Use the application of statistical methods in various decision making situations in business.
d. Apply survey data in the area of business.
e. Use the probability where risk and uncertainty exist.

35
Course Content
1. Introduction: Definition-Concepts-Nature-Scope-Functions-Uses of Statistics in Business-Limitations of
Statistics-Nature of Statistical Data-Classification-Tabulation-Frequency Distribution-Graphical Presentation of
Data.
2. Measures of Central Tendency: Introduction-Arithmetic mean-Geometric Mean-Harmonic Mean-Weighted
Arithmetic Mean-Median-Quartile, Percentile and Deciles-Mode-Properties of good average-Empirical
Relation Among the Average.
3. Measures of Dispersion: Significance of Measuring Dispersion-Properties of a Good Measures of Dispersion-
Range-Inter-Quartile range and Quartile Deviation-Mean Deviation-Standard Deviation-Co-efficient of
Variation and their Uses.
4. Moments, Skewness and Kurtosis: Moment from Arbitrary Value-Moment from Mean-Relation between
Moments and Mean-Measures of Skewness and its Uses-Measures of Kurtosis and its Uses.
5. Correlation Analysis: Significance of the Study of Correlation and Causation-Types of correlation-Scatter
Diagram method-Karl Pearson's Coefficient of Correlation. Use of Probable error in interpretation of correlation-
co-efficient-Rank Correlation-Multiple Correlation-Partial Correlation.
6. Regression Analysis: Difference Between Correlation and Regression Analysis-Simple regression Lines-
Regression Equation- Regression Co-efficient.
7. Interpolation and Extrapolation: Concepts-Assumptions-Graphic Methods-Algebraic Methods-Newton's
Forward and backward formulae-Lagrange's formula of Interpolation and its Uses.
8. Probability: Concepts-Meaning-Classical and Frequency definitions-Use of Set and Combination in Probability
Calculations-Total and Multiplication Theorams-Marginal and Joint Probability- Independent-Dependent-
mutually Exclusive events-Conditional Probability-Baye's Theorem and Its uses.
9. Sampling: Sampling and Census-Advantages and Disadvantages of Sampling over Complete Counting-
Different types of Sampling- Social Surveys-Planning of Surveys-Different Methods of securing information-
Organizational, personnel, Construction of Schedule and Questionnaire.
10. Official Statistics of Bangladesh: Source, Characteristics, Limitations, Publishing Agencies, Statistical
Publication, Their Context and Their Reliability Accuracy and Uses.

Text Books
1. S.P. Gupta & M.P. Gupta : Business Statistics (Latest edition)
2. Richard Levin & David S. Rubin : Statistics for Management.

Reference Books
1. Howard L. Balsley : Basic Statistics for Business and Economics.
2. Donald l. Harnett : Statistics Method.

Course Title: Principles of Marketing

Course no.: 215 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: Marketers undergoes fundamental social processes which evolve within a society to facilitate the effective
and efficient resolution of society's needs for exchange of consumption values. Simply put it is the science or art of
understanding what a group of consumers want and how to get it to them that carries a great importance to the
business students.
Objectives: The main aim of offering this course is to expose the students of accounting to the concepts, principles,
and fundamentals of marketing. Marketing being the most important aspect of business management, an insight into

36
the various aspects of marketing is essential for students of accounting.
Learning Outcomes: Upon successful completion of the course, students will be able to:
a. Understand about the marketing process and examine the range of marketing decisions that an organization must
make in order to sell its products and services.
b. Know how to think like a marketer, discovering that the focus of marketing has always been on the consumer.
c. Know "What is the consumer of goods and services?” What does the consumer need? What does the consumer
want? Marketing is an understanding of how to communicate with the consumer, and is characterized by four
activities:
o Creating products and services that serve consumers
o Communicating a clear value proposition
o Delivering products and services in a way that optimizes value
o Exchanging, or trading, value for those offerings

Course Content
1. Understanding Marketing and the Marketing Process
a) Assessing Marketing's Critical Role in Organisational Performance: What is marketing; Core concepts;
Marketing management; Marketing orientations.
b) Building Customer Satisfaction through Quality, Service and Value: Define customer value & satisfaction;
Customer relationship management (CRM); Delivering customer value & satisfaction; Attracting &
retaining customers.
c) Winning Markets through Market Oriented Strategic Planning: Corporate and division planning; Business
strategic planning; The marketing process.
2. Analysing Marketing Opportunities
a) Scanning the Marketing Environment: Analyzing the macro and micro environment; Responding to the
marketing environment.
b) Analyzing Consumer Markets and Buying Behaviour: Model of consumer behaviour; Characteristics
affecting consumer; Types of buying decision behaviour; The buyer decision process; The buyer decision
process for new products.
3. Designing a Customer Driven Strategy and Mix
a) Market Segmentation: Segmenting consumer markets; Requirements for effective segmentation.
b) Market Targeting: Evaluating market segments; Selecting target market segments.
c) Differentiating and Positioning the Market Offering: Tools for competitive differentiation; Developing a
positioning strategy; Communicating the chosen position.
d) Building Customer Value: Products, Services and Brands: Products, services and experiences: Levels of a
product; Product classifications; Individual product and service decisions; Product line decisions; Product
mix decisions; Brands: brand equity; building strong brands; managing brands.
e) Services Marketing: Nature and characteristics of services and their marketing implications; Marketing
strategies for service firms.
f) Developing New Products: Process of new product development.
g) Managing Life Cycle Strategies: The product life cycle (PLC); Marketing strategies throughout the PLC.
h) Capturing Customer Value: Pricing and Its Strategies: What is price; factors to consider when setting prices;
Pricing approaches; New product pricing strategies; Product mix pricing strategies; Price adjustment pricing
strategies; Initiating & responding to price changes.

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 i) Delivering Customer Value: Marketing Channels: What are marketing channels; Channel functions; How
channels add value; Channel levels; Channel design decisions.
j) Managing Retailing and Wholesaling: Retailing-Wholesaling.
k) Designing and Managing Integrated Marketing Communications: Role of marketing communications;
Marketing communication/promotion mix; Identify the target audience-Determine the communication
objective; Designing the message; Selecting the communication channel; Establishing the total promotional
budget; Deciding on the promotion mix; characteristics of marketing communication mix; Factors in setting
the marketing communication mix.
l) Managing Advertising, Sales Promotion and Public Relations: Developing and managing an advertising
program; Purpose of sales promotion; Major decisions in sales promotion-Major decisions in marketing PR.
m) Managing the Sales Force: Designing the sales force; Managing the sales force-Principles of personal selling.
n) Managing Direct and Online Marketing: Growth and benefits of direct marketing-Major channels for direct
marketing-Marketing in the 21st century.

Text Books
1. Philip Kotler and Gary Armstrong. Principles of Marketing (Prentice Hall).
2. Philip Kotler. Marketing Management: Analysis, Planning, Implementation and Control (Prentice Hall).

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 SECOND YEAR
SECOND SEMESTER
Course Title: Advanced Accounting II
Course no.: 221 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: Advanced financial accounting covers the issues that have not been discussed in introductory and
intermediate financial accounting. Specifically, this course focuses on the equity method of accounting for
investments, consolidation of financial information, consolidated financial statements, and institutional background
for financial reporting. The course provides students with the necessary tools to understand and address the
important and complicated problems facing preparers of financial reports today. Advanced financial accounting
demonstrates advanced knowledge and skills related to the technical and theoretical aspects of strategic and
competitive analysis, decision analysis, business policy, marketing, organizational behavior.
Objectives: The objective of this course is to make the students acquainted with the preparation of various financial
statements like Separate financial statements, Consolidated financial statements. This course also deals with the
accounting aspects of business combination, company liquidation and post balance sheet events. Accounting for
branch and department; hire purchase and installments; royalties the issues that are dealt in this course.
Learning Outcomes: At the end of this course students should be able to:
a. Explain various consolidation theories, current issues of consolidation, the consolidation standards in GAAP and
IFRS and BFRS.
b. Prepare consolidated financial statements properly for domestic or multinational companies.
c. Apply the liquidation and bankruptcy procedure for individual and firms as well.
d. Recognize the concepts of branch and department and prepare financial statements.
e. Understand the accounting treatment for hire purchase and installments.
f. Explain the concept of Royalty and related accounting entries and issues.
Course Content
1. Financial Instruments-Basic Issues: Meaning of 'financial instrument'; Categories of financial assets;
Classification of financial instruments as liability or equity; Compound financial instrument; Recognition and
Derecognition of financial assets and liabilities; Measurement of financial assets and liabilities; Considerations
on fair value measurement; Impairment of financial assets; Presentation and disclosure requirements as per IFRS
9/IAS 39, IAS 32 and IFRS 7.
2. Accounting for an Entity's Interests in Other EntitiesAn Introductory Idea: 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).
3. Accounting for Interests in Subsidiaries (IFRS 3, IFRS 10 & IFRS 12):
Group AccountsBasic Principles: Context for Group accounts; Single entity concept; Control and ownership;
Nature of Business Combinations; Identifying the acquirer;Measuring the cost of a business combination;
Allocating the cost of business combination; Goodwill calculation; Disclosure requirements.
Group AccountsConsolidated Balance Sheet: Goodwill calculation; Preparation of Consolidated
Balance Sheet; Mid-year acquisitions; Intra-group balances;Unrealized intra-group profit; Fair value
adjustments; Other consolidation adjustments.
Group AccountsConsolidated 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.

39
4. 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.
5. Branch and Departmental Accounts: Benefits of Branches, Pricing of goods sent to Branches by Head Office,
Accounting when Head Office Keeps Branch books within its own accounting system, Stock and Debtors
Systems, Wholesale Branch System, Branch keeping separate records, Incorporation of Trial Balance into Head
Office book and preparation of Final Accounts.Accounting Procedure for Departments or Divisions.
6. Accounting for Hire Purchase and Installments: Definition, Accounting treatment in the books of buyer and
seller, Treatment of Re-possession. Installment: Hire purchase vs. Installment, Determination of Installments,
Accounting treatment of installment in the books of purchaser and seller.
7. Accounting for Royalties: Minimum rent, Short workings, redeemable debt rent, Excess workings, Ground rent,
recoupment of short workings, Accounting entries in the books of users, a)where a minimum rent exists with a
writ to recoup short workings b) Where no minimum rent exist , Accounting entries in the books of land
lord/lessor. Sub-lease.

Text Books
1. R. E. Baker, V. C. Lembke and T. E. King. Advanced Financial Accounting (McGraw-Hill Irwin).
2. E. J. Larson: Modern Advanced Accounting
3. Hanif & Mukharjee: Modern Accounting Vol. II

Reference Books
1. Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus and Kenneth Smith. Advanced Accounting (Prentice
Hall).
2. Donald E. Kieso, Jerry J. Weygandt and Terry D. Warfield.Intermediate Accounting (John Wiley & Sons, Inc.).
3. IASB, International Financial Reporting Standards (Latest edition).
4. Ken J. Leo, John Hoggettand John Sweeting. Company Accounting (Willy & Sons Australia Ltd).

Course Title: Fundamentals of Taxation

Course no.: 222 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: The main sources of Government revenues are taxes and other receives. Government collects the revenues
from the citizens and makes expenditures for the development purpose. Like companies, individuals must pay taxes to
the government according to their ability. Having knowledge about public finance and taxes will help to take tax
related decisions and make aware of them.
Objectives: The objective of the first part of this course is to give an idea about concepts and principles of public
finance. It will be helpful to understand the nature of public and private finance and its sources along with the areas of
public income and expenditure with the practical exposure. From second part, Learners will be able to explain the
provisions of various tax statues.
Learning Outcomes: In successfully completing this course, students will:
a. Apply problem-solving techniques applicable to individual and business decision making.
b. Apply the principles of public and private finance which support the overall financial strategy of the organization.
c. Apply the fundamental concepts of taxation in individual and business decision making.
d. Understand the tax structure of Bangladesh.
e. Understand the different heads of income.

40
f. Determine process of submitting income tax return.
g. Effectively utilize the taxation concepts to conduct professional taxation practices.
h. Explain the importance of the taxation process and its impact on the firm's mission, strategies and decision
making.

Course Content
1. Introduction: Public Finance: Definition, Public revenue & Expenditure, Public Revenue-Revenue Receipts
and Capital Receipts; Tax Revenue and Non-tax Revenue; Tax-Base Difference between Public Finance and
Private Finance; Public Finance and the Economic Systems, Definition of Tax -Characteristics of Tax-Objectives
of Tax-Taxation Principles-Kinds of Taxes.-Role of Taxes in the Economic Development of Bangladesh- Effects
of Taxation , Tax Structure in Bangladesh.
2. Income Tax and Its Classifications: Definition of Income, Characteristics of Income, Capital and Revenue
Receipts and Expenditure, Total Income and World Income, Classification of Income-on the basis of Assessment,
Casual and Non-Recurring Income, Heads of Income.
3. Basic Elements of Income Tax: Income Year and Assessment Year-Assesses Residential Status-Tax Rate-Tax
payer's Identification Number (TIN)-Tax CollectionAccount Number. E-TIN, Universal self assessment.
4. Income Tax Authorities in Bangladesh: Administrative and Judicial Authority-Appeal-Revision-Penalties.
5. Tax Assessment and Collection: Definition of Assessment Procedure- Types of assessment Rules for Payment
and Collection of Taxes-Advance payments of Tax-Tax Deducted at Source.
6. Tax Return: Heads of Income Salaries, Interest on Securities, Income from house property, Income from
business or profession, Agricultural Income, Capital gain and Income from other sources. Methods of Computing
Income and Allowable Deductions under each Head. Preparation of Accounts and Tax Return Assessment of
Individual under different heads of Income.
7. Tax Evasion & Avoidance: Methods-Techniques-Preventive Measures.
8. Value Added Tax (VAT): Introduction; Statutory Definitions as per the VAT Act; Evolution and Economic
Rationality of VAT; VAT Registration; Imposition of VAT; Application of Tax Rate; Determination of Cost for
Calculation of VAT; Method and Time of Payment of VAT; Books and Documents Required to be Maintained for
VAT Purpose; Truncated Value (Truncated Rate of VAT, VAT on certain services on Estimated Value Addition);
VAT Deduction/Collection at Sources; VAT Authorities.
9. Gift Tax: Charge of Gift Tax-Gift to include certain transfer-Exemptions from Gift Tax-Determination of the
value of gifts-Return of gifts-Gift-tax payable- Penalty- Prosecution-Assessment procedures- Rates- Authorities.
10. Wealth Tax & Custom Duty

Text Books
1. Income Tax Ordinance 1984, the Income Tax Rules 1984 and FinanceActs
2. Mahmud, Purahit & Bhattacharjee : Income Tax
3. Nikhil and Others: Income Tax

Reference Books
1. R. A. Musgrave and P. B. Musgrave. Public Finance in Theory and Practice (McGraw-Hill Book Company).
2. H.L. Bhatia: Public Finance,
3. Wealth TaxAct 1963, Gift TaxAct 1990, Customs Act 1969, NBR VAT Bulletin.
4. Value Added Tax Act and Rules 1991.
5. M. A. Baree: Law & Practice of Bangladesh Taxation
6. Circulars and Orders Issued by NBR.

41
 Course Title: Business Environment and Entrepreneurship Development
Course No. : 223 Course Credit: 03
Clock hours: 45 Total Marks: 100

Rationale: An analysis of business environment tells the entrepreneurs of opportunities and threats and strengths and
weaknesses a precursor to designing right kind of strategies. Studying entrepreneurship can help students in
establishing their own business or creating their own products. Entrepreneurship Development would equip them
with the necessary skills to make a meaningful contribution towards their personal and professional growth in future.
To accelerate the pace of development of our economy, we need more entrepreneurs who generate wealth and job
opportunities for the country. In fact the entire world needs 'job providers'.
Objectives: The course aims at providing the basic concepts and practical aspects of entrepreneurship and Business
Environment, thereby equipping the students with entrepreneurial values, attitudes, motivation and competencies so
that they can pursue a career that also calls for creativity and innovation. Entrepreneurship education also seeks to
provide students with the knowledge, skills and motivation to encourage entrepreneurial success in a variety of
settings.
Learning Outcomes: In successfully completing this course, students will:
a. Understand the nature of environment
b. Understand Environment influences on different industries
c. Be able to identify what is critical in environment
d. Identify the concept of Entrepreneurship
e. Explain the meaning, importance and functions of Entrepreneur
f. Identify the features, myths and challenges of Entrepreneurship
g. Identify the social responsibility connected with business
h. Develop positive thinking and attitude
i. Explain the concept of women entrepreneurship, social entrepreneurship
j. Identify the concept of innovations in the field entrepreneurship
k. Explain Entrepreneurship Development Program

Course Content
Part A: BUSINESS ENVIRONMENT
1. Business Environment:
Definition, Importance, Components, Affects of Environment on organization, organizations response to
environmental change, Stakeholders.
2. Elements of Business Environment:
A. Task environment: Impact, components.
B. Internal environment: Impact, components
C. General Environment: Impact, components
a) Natural Factors: Natural Environment Factors Affecting Sectors: Form and Scale of Business and
Economy.
b) Economic Factor: Different Economic Polices and Their Influence on Sectoral Development Forms of
Business Organization and Scale of Business.
c) Technological Factors: Technological Advancement and Growth of Business, Capital Oriented Technology
vs., Labor Oriented Technology.

42
 d) Socio-Cultural Factors: Socio-Cultural Tradition and Growth of Business, Their forms etc. Social
Responsibility of Business and Influence of Business on Socio-Cultural Change, Business Ethics.
e) Legal and political Factors: Legal Framework and Growth of business.
f) International Factors Affecting Business Development.

Part B: ENTREPRENEURSHIP DEVELOPMENT

1. Concept and Meaning of Entrepreneurship, Types of Entrepreneur, Qualities, Characteristics, Role of
entrepreneur, Entrepreneur Vs Manager and Leader, Entrepreneurship and Management, Entrepreneur and
Entrepreneurship as a factor of Economic Development problems of entrepreneurship development, , Dark
side of Entrepreneurship development, Intrapreneur.
2. Theories of Entrepreneurship, Psychological, Socio-Psychological, Cultural, background factors theories of
Entrepreneurship Development.
3. Entrepreneurship development Process, Environment for Entrepreneurship Development.
4. History of Entrepreneurship Development-Japan, USA, UK, India, Pakistan and Bangladesh.
5. Entrepreneurship and small Business, Supporting Organizations.
6. Preparation of Business Plan: Definition, uses, Importance, Elements, Steps, pitfalls to avoid in making
Business Plan by Entrepreneurs.
8. Growth and Development Of entrepreneurial Ventures, Franchising, Licensing, Joint Venture.
9. Inside the entrepreneurial Mind, Form ideas to Reality, Women entrepreneurship.
10. Case Studies of Entrepreneurs.

Text Books
1. Kuratko and R.M. Hodgetts : Entrepreneurship-A contemporary Approach.
2. A. R. Khan : Entrepreneurship and Small Business Development and live of
Successful Entrepreneur.
Reference Books
1. W. Copulsky And H.W.Mcnult : Entrepreneurship and Corporation.
2. Tandan : Theories of Entrepreneurship Development.
3. Nicholas Siropolis : Entrepreneurship and Small Business Management.
4. Najrul Islam and others : Entrepreneurship Development an operational approach

Course Title: Advanced Business Statistics

Course no.: 224 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: To characterize statistical inference at work, it makes sense to make a brief comparison between business
school education and workplace settings, which give rise to different spaces of reasons. At business education,
contexts are often used to learn about statistics, whereas in the workplace, statistics is more likely to be used to learn
about the context.
Objectives: The field of statistics provides the business leaders with some of the most useful techniques for evaluating
ideas, testing theory, and discovering the truth of business activities and research.
Learning outcomes: Upon the successful completion of this course, a student should be able to:
a. Apply the theories and practices of statistical approaches in business decisions.
b. Demonstrate techniques used for forecasting and drawing inference.
c. Demonstrate techniques used for measuring inflation by use of index number.

43
d. Understand the formulation of hypothesis in the area of business and to take decision by using hypothesis results
analysis.
e. Demonstrate techniques used for controlling quality.
f. Conduct research, and evaluate journal articles, to further develop critical thinking and analytic skills, to act an
informed consumer.
Course Content
1. Random Variables and Probability Distribution: Concept of a Random Variable- Probability distribution of a
Random Variable- Random Variable in business situations. Discrete Probability Functions- Continuous
probability function- Probability density function- Cumulative density function- Mathematical expectation of a
Random variable and is properties- Variance & Standard Deviation. Binomial Distribution- Mean and Variance of
Binomial Distribution- Business problems related to Binomial Distribution- Poisson Probability Distribution; its
characteristics, mean, variance-Use of Poisson Distribution- Fitting of Discrete distributions. Normal
distribution, its properties, tests of normality of a distribution-Computation of probability of Random Variable by
use of area under Normal Curve-Solution of problems by use of normal distribution function.
2. Sampling Distribution: Concepts of Universe distribution- Population & Sample- Sampling distribution-
Theory of large numbers- Concepts of Standard Error-Sampling distribution of mean, Proportion-Central Limit
theorem and its uses.
3. Estimation of Parameters: Concepts of Point and interval estimation-Properties of good estimator: Unbiased
ness, consistency, efficiency and Sufficiency-Confidence limits of mean and proportions-Determination of
Sample size for estimation of mean, proportion and percentage.
4. Tests of Hypothesis: Concepts of Hypothesis-Procedures of resting hypothesis, one-tailed, two-tailed tests,
Type-I, Type-II Errors & risk, Beta-risk, tests for mean, proportion, test of equality of two population means and
two population proportions. Tests of hypothesis about population mean in case of small sample (T-test) Test of
equality of two means in cases of independent and dependent samples-Test of Xerox Correlation Test of specific
value of Correlation co-efficient-Test of Equality of two Correlation co-efficient by use of Fisher's Z-
transformation- Test of Equality of two variances (F-test).
5. Chi-Square Test: Test of independence- Test of goodness of fit-Test of homogeneity and Test of specific Value of
variance.
6. Analysis of Variance: Assumptions for Analysis of Variance- Computation for Analysis of Variance, one-way
classification, preparation of ANOVA Table-Two-way classification- Test of hypothesis for more than two
population means by use of Analysis of Variance.
7. Index Number: Definition-Problems for construction- Types of indices: Price, Value, Quantity index- Methods
of Computation- Shifting of base- Time Reversal and Factor Reversal tests- Cost of living index numbers and
their computation Deflating income- Computation of Real income.
8. Business Forecasting and Time Series Analysis: Forecasting techniques-Components of Time Series-Additive
and Multiplicative Models for Times Series Analysis- Methods for measurement of trends, seasonal variation-
Cyclical fluctuations, Irregular variation- Fitting of Log-linear function and Curvilinear Parabolic functions to
Time Series-Accuracy and Reliability of estimates.
9. Statistical Quality Control: Introduction concepts of quality, quality characteristics- Causes of variation-
Process control-Control charts-X-Chart, R-Chart, S-Chart, P-Chart, C-Chart-Setting up to control procedure-
Single Sampling-Acceptance plan-Double Sampling plan and their interpretations.

Text Books
1. S.P. Gupta & M.P. Gupta : Business Statistics (Latest edition)
2. Richard Levin & David S. Rubin : Statistics for Management.

Reference Books
1. Howard L. Balsley : Basic Statistics for Business and Economics.
2. Donald l. Harnett : Statistics Method.

44
 Course Title: Theories and Practice of Insurance
Course No. : 225 Course Credit: 03
Clock hours: 45 Total Marks: 100

Rationale: Every day we face uncertainty and risk. Insurance offers individuals and organizations protection from
potential losses as well as peace of mind. Insurance is the lifeblood of our capitalist society; without it commerce
cannot function. A vibrant insurance industry requires skilled and trained knowledgeable workers who can
understand the broad aspects of risk in a changing dynamic. The past decade has presented enormous challenges.
Major companies have disappeared entirely. Our world is evolving and changing with amazing speed. As we look to a
future with much uncertainty, even more unknown challenges will appear. So insurance education is a critical in this
changing risk dynamic. Moreover knowledge of insurance will help students to get a career in the massive field of
insurance.
Objectives: This course introduces the concept of insurance and techniques of identifying, measuring and managing
different types of insurances. It also provides with references the role, functions and basic principles as applicable to
different classes of insurance. The course aims to provide the students with a broad understanding of risk and
insurance as a means to manage it. This forms the foundation to facilitate the students in their further studies on
insurance. Students will understand how insurance companies are organized, their goals, how success is measured,
and their functions.
Learning Outcomes: In successfully completing this course, students will:
a. Know about the business environment of insurance companies in Bangladesh;
b. Understand various types of insurances and identifying, measuring and managing different types of insurances.
c. Recognize about the financial reporting environment of insurance companies in Bangladesh;
d. Demonstrate knowledge of insurance contracts and provisions, and the features of property-liability insurance,
life and health insurance, and employee benefit plans.
e. Demonstrate knowledge of the operation and management of insurance entities, and the economic implications
of organizational design and structure.
f. Get familiar with the compliance requirement to prepare the financial statements of insurance companies;
and
g. know the Insurance company operations
h. Understand Government regulation of insurance.

Course Content
1. Insurance Contracts: Essentials-Principles-Insurance and Wagering-Insurance Contingencies-Reinsurance-
Types of Reinsurance- Application of Reinsurance to various Branches of Insurance- Double Insurance- Brief
History of Insurance Business- Development of Insurance in Bangladesh-Contribution of Insurance to National
Development-Causes of Nationalization, Privatization of Insurance Companies-Formation of Contracts-Agent-
Agency-Law of Contract.
2. Life Assurance: Life Assurance Contract-Types of Policies-Certain Aspects of Life Assurance-Life Table and
Actuarial Calculation-Premium-Valuation and Surplus Calculation-Surrender Value-Settlement of Claims-
Creation and Management of Life Fund-Management Problems of Life Insurance Business in Bangladesh-
Methods of Spreading Insurance in Rural Areas-Policy Assignments-Loan against Life Policy-Policy Lapsation-
Policy Renewal & Accounts.
3. Fire Insurance Contract: Material Loss Insurance-Consequential Loss Insurance-Settlement of Claims-Extent
of Loss by Fire in Bangladesh- Moral Hazard-Management Problems of Fire Insurance & Accounts.
4. Marine Insurance: Marine Insurance Contract-Types of Policies-Maritime Perils-Marine Losses-Settlement of
Claims-Act of Good & Accounts

45
6. Islamic Sharih based Insurance: Socio-Economic Objectives Of An Islamic Society, Historical Perspective Of
Conventional And Islamic Insurance, Distinguishing Features Of Islamic Insurance, Investment Of Premium
Under Islamic Insurance
7. Other Insurance: Crop Insurance-Cattle Insurance-Civil Aviation Insurance- Export Credit Guarantee
Insurance-Bank Deposit Insurance. Postal Life Insurance in Bangladesh: Features and Service Quality,
Engineering Insurance: Meaning-Significance-Types, Health Insurance-Accident Insurance-Workmen's
Compensation Insurance-Sickness Insurance.
8. Insurance Company in Bangladesh: Development of insurance company in Bangladesh and present status;
Role of insurance; Functions of Insurance; Principles of insurance; Classification of Insurance Business and
Policies; Insurance Development and Regulatory Authority (IDRA); Accounts, audit, actuary report and
statements (IFRS 4, IAS 19, and IAS 26); Actuary and Actuary Valuation; Commissions, rebates, and
management expenses; Distribution of dividend; Bonus and profit; Registers; Submission of Returns; Re-
insurance business in Bangladesh; Role of Insurance Academy. Role of Bangladesh Insurance Academy
Insurance Salesmanship Art of Selling Insurance Policy The InsuranceAct, 2008.
9. Financial Statements of Insurance Companies: Computation of Insurance Claims; Preparation of Financial
Statements of Insurance Companies as per Guidelines of the IDRA.
10. Development of Insurance Manpower: Role of Bangladesh Insurance Academy Companies Act, 1938.
11. 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.

Text Books
1. Mishra, M.N.: Insurance: Principles and Practices
2. Choudhury,A.H.: Elements of Insurance

Reference Books
1. Bhuiyan, Abu Taher: Guide to Insurance
2. Habibullah & Ghosh: Risk Management, BBR.
3. Khan, Md. Muinuddin: Advanced Accounting Vol. II
4. Mukherjee, Amitabh & Hanif, M.: Modern Accountancy Vo. II
5. Ahmed S. U.: Insurance Business in Bangladesh
6. Government of Bangladesh: The Insurance Act 2008.
7. Insurance Development & Regulatory Authority Act 2010.

46
 THIRD YEAR
FIRST SEMESTER
Course Title: Development Theory and Bangladesh Economy
Course No. : 311 Course Credit: 03
Clock hours: 45 Total Marks: 100

Rationale: Bangladesh is a developing country. Still we are behind from our neighbor country. There are various
reasons for this situation. It is not possible to make change Bangladesh over night. But if we can take and do some
pragmatic job step by step than it will possible to transform Bangladesh into a progressive country. By studying this
course, students will understand the basic concepts related to economic growth and development and also enable
them to differentiate among the various approaches to development followed by different nations. The students also
get an idea about structure of Bangladesh economy and its present condition as well as how to improve these
economic indicators to develop Bangladesh.
Objectives: The objective of this course is to enable students to understand the basic concepts related to economic
growth and development and enable them to differentiate among the various approaches to development followed by
different nations. This course will also provide students with an understanding of the structure of Bangladesh
economy, the changes undergone by the economy over time and the way policies have influenced macro-management
of Bangladesh economy. Finally, the course is designed to enable the students to analyze the changing dynamics of
Bangladesh economy under the different policy regimes including fiscal, financial trade policy regimes with special
focus on the role of plan and market in macroeconomic management of Bangladesh.
Learning Outcomes: In successfully completing this course, students will:
a. Apply the basic concepts related to economic growth and development
b. Able to differentiate among the various approaches to development followed by different nations
c. Understand the structure of Bangladesh economy
d. Analyze the changing dynamics of Bangladesh economy
e. Role of plan and market in macroeconomic management of Bangladesh.
f. Know various sectors of Bangladesh economy.
Course Content
1. Development and Underdevelopment: Concepts of Development and Underdevelopment; Traditional
Economic Measures; The New Economic View of Development; the Three Objectives of Development;
Common Characteristics of Underdevelopment; Indicators of Development.
2. Theories of Development: Two Major Approaches to the Study of Economic Development: the Linear Stages
Model, Rostow's Stages of Growth, Harrod-Domar Growth Model; Obstacles and Conditions; Some Criticism of
the Stage Model; the Marxist Models: Growth and Collapse; Summary and Synthesis of General Theory of
Development.
3. Structure of Bangladesh Economy: Characteristics and Salient Features of Bangladesh Economy; Change in
the Economic Structure over Time; the Nexus between the Different Elements of Business Environment Existing
in Bangladesh and Her Economic Performances; Changes in Business Environment in the Light of Recent Policy
Changes.
4. Agriculture and Rural Development: The Imperative of Agricultural Progress and Rural Development; the
Structure of Bangladesh Agrarian System; Subsistence Agriculture and Extensive Cultivation in Bangladesh;
Cropping Practices and Cropping Intensity; HYV and its Implication; Rural Development Institutions & Strategy
of GOB and NGO; Toward a Strategy of Agricultural and Rural Development: Some Main Requirements.
5. Industrial Sector: Role of the Industrial Sector for Economic Development of Bangladesh; Relative Importance
of Small, Medium and Large Scale Manufacturing Industries; Nationalization Vs Privatization; Role of
Development Finance Institutions; Credit Policy; Debt Default; Sick Industries; Evaluation of the Industrial
Policies; 1972 Nationalization Act, 1982 NIP and 1986 NIP; Recent Policy Changes.

47
6. Infrastructure and Trade: Role of Infrastructure for the Economy of Bangladesh; Structure of Imports to and
Exports from Bangladesh; Terms of Trade; Trends in Balance of Payments Position; Export Incentives;
Liberalization, Decontrol and Deregulation of Trade-Impacts and Consequences.
7. Nationalization and Privatization: Definition; Objectives of Nationalization and Privatization in Bangladesh;
Problems of Nationalization and Privatization; Steps taken to overcome the problems; Nationalization Vs
Privatization.
8. Entrepreneurship and Economic Development: Role of Entrepreneurship in Economic Development of
Bangladesh; Constraints of Entrepreneurial Development in Bangladesh; Probable Solutions to Entrepreneurial
Development in Bangladesh.
9. Planning Experiences in Bangladesh: Objectives of Planning; Types of Planning; Five-Year Development
Plans and Annual Development Plans; Allocation of Resources; Perspective Plan; Problems of Implementation of
Plans in Bangladesh; Sustainable Development; Conservation of Energy; Environmental Protection.
10. Poverty Alleviation and Human Resource Development: Definition of Poverty; Absolute and Relative; Trend
and Magnitude of Poverty; Programs for Alleviating Poverty; Government and Non-Government Organizations
and their Effectiveness; Human Resource Development; Meaning of the Concept; Importance; Resource
Allocation for HRD and its Effectiveness.
11. Major Donors of Bangladesh: Magnitude and Nature of Aid Dependence; International Debt and Debt
Servicing-Aid Conditionalities; Demand Conditionalities and Supply Conditionalities; Macro Conditionalities
and Cross Conditionalities; Nature of Bangladesh's Relationship with International Financial Institutions;
Structural Adjustment Facilities (SAF) and Extended SAF (ESAF)

Text Books
1. M. P. Todaro. Economic Development in the Third World (Addison-Wesley Longman).
2. Bangladesh Economic Review (Ministry of Finance, GOB).

Reference Books
1. A. R. Khan and M. Hossain. Strategy of Development in Bangladesh (Macmillan Press).
2. Nurul Islam. Development Planning in Bangladesh (University Press Ltd.).
3. H. Koontz and H. Weihrich. Essentials of Management (Mcgraw-Hill College).
4. A. P. Thirwall. Growth and Development (With Special Reference to Developing Economics) (Palgrave
Macmillan).
5. Statistical Yearbook for Bangladesh (Bangladesh Bureau of Statistics).
6. Plan Documents - Five-Year, Annual and Perspective Plans.
7. Journals - Part C and D.U. Journal of Business Studies, Bangladesh Development Studies (BIDS) and Journal of
Business Administration (IBA).

Course Title: Theories and Practice of Banking

Course No. : 312 Course Credit: 03
Clock hours: 45 Total Marks: 100

Rationale: Banks are the central actors in the modern economic system. Our economy couldn't function without
banks. By attracting savings and granting credit, banks are the oil for the wheels that keep the economy turning.
Everyone needs banks, but not everyone understands how banks work, or the role they play in the world's economy.
Having a firm grasp of banking will help individuals to understand how bank works and which role it played. Study of
banking theories and practices will also help students to build a career as a banker.
Objectives: The objective of this course is to present and discuss issues related to the operation and behavior of
banks, their specific characteristics, and the special intermediation role they have in the financial system and the
economy as a whole. Emphasis is further placed on the evolution and globalization of the banking system, banking
theories, modern financial instruments, regulations and the interdependence between banks and business.

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Learning Outcomes: The course will enable students to:
a. evaluate the theories relating to the role of banks as financial intermediaries.
b. Know the functions of different types of banks.
c. Describe and analyze the various bank performance measures.
d. Discuss the main types of risk that banks face and explain their relevance to the stability of the financial system.
e. Explain why banks need regulation, and illustrate the main reasons for and against bank regulation.
f. Identify key issues and problems arising in banking
Course Content
1. Evolution of Banking Institutions: History, Recent Developments,.
2. Classification of Banks: Commercial banks-Investment or Industrial banks-Exchange banks- Co-operative
banks-Land Mortgage banks-Saving banks-Central Banking versus Mixed Banking.
3. Functions of Commercial Banks and the Service Rendered by Them: Origin and Types of Commercial
Banks, functions of commercial banks, Commercial Banking Principles; Sources and Uses of Commercial Banks'
Fund. Types of Bank Deposit and Different Form of Loans and Advances. Industrial Financing by Commercial
Banks- Various Forms Finance. Lending Risk Analysis. Principles of Sound Lending Policy: Safety, Liquidity,
Security, Profitability, Purpose, Dispersal/Spread, National Priority, Commercial Banks and Economic
Development
4. Theories and of Credit Management of Commercial Banking: Doctrine of Real bills- The shift ability theory-
self-liquidating paper theory versus anticipated income theory. 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, Credit Creation of Commercial Banks, Limiting Factors of Credit Creation
Do banks really create credit? Credit Policy- Credit Analysis- Distressed Loans- Pricing of Bank Loan- CRG.
5. Management of Bank Portfolio: Investment analysis- Fund management- Banks Profitability Analysis, BASEL
and other techniques.
6. Banking Structure: Introduction- Banking structure in Bangladesh- Development, Group Banking and Chain
Banking; Unit Banking and Branch Banking; Investment Banking and Mixed Banking, Merchant Banking, ,
Commercial and Specialized banks.
7. Central Banking: Nature and Functions: Characteristics of a Central Bank, Nature of Central Banking,
Comparison between central banking and commercial banking, Growth of central banking, Functions of a central
bank, The Universal Necessity of Central Bank, Clearing House System.
8. Instrument of Credit Control: Task of credit control. Methods of General credit control. Bank rate: The
operation of bank rate policy, Modus operandi of bank rate policy: Decline and revival of bank rate policy;
Limitations of bank rate policy; Open market operations; Mechanism of open market operations; Limitations of
open market operation; Usefulness of open market operations; Variable reserve ratios in comparison to open
market operations; Limitations. Secondary Reserve Requirements Co-ordination of general credit control
measures. Selective credit control; Types of selective credit control; Significance of selective Limitations of
selective control.
9. Electronic Banking: Concepts, Development, Problems and Prospect of Electronic Banking, Basic Components
of Electronic Banking, Types of Electronic Banking, Internet Banking, Forms of Internet Banking. Present State
of Electronic Banking in Bangladesh, Suggestions for Improvement of Electronic Banking in Bangladesh.
10. Green Banking: Definition of Green Banking, Benefits of Green Banking, Necessity to launch Green Banking,
The Sources/Causes of environmental pollution, Green Banking Concept in Bangladesh, Regulatory Perspective,
Objectives of the Policy, Implementation of Green Banking.
11. Islamic Banking: Concept, Terms and Conditions of Islamic Banking, Formation of an Islamic Banking
Division, Control and segregation of Islamic Banking Fund, Maintenance of Accounts and Financial Statements,
Conversion of a Conventional Bank to an Islamic Bank, Responsibility for Shariah Compliance, Principles of
Deposit, Investment Principles & Investment Products.

49
12. 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.
13. Accounting for Banks (IAS-1, 30): Designing a system of accounting for a Bank, full particulars of book debts,
prescribed forms of profit and loss Account and Balance Sheet, statutory requirements and limitations;
preparation of financial statements of banks and non-bank financial institutions and compliance of disclosure
requirements.

Text Books
Recommended Books and periodicals
1. Shekhar: Banking
2. Radhaswami: A Text Book on Banking (Law, Practice and Theory)

Reference Books
1. Sethi: Money, Banking and International Trade
2. Cross, H.d. & G. H. Hempt: Management Policies for Commercial Bank
3. Robinson, Ronald I.: The management of Bank Funds
4. Khan, Md. Muin uddin: Advanced Accounting Vol. II
5. A. R. Khan: Bank Management: A Fund Approach
6. Ali, Sayed Ashraf & Howlader, R. A.: Banking law and Practice
7. Debnath, R. M.: Business of Banking
8. Debnath, R. M.: Banks and Legal Environment
9. Banking companies Act 1991

Course Title: Financial Management

Course no.: 313 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: The field of finance is broad and dynamic. It directly related not only the every organization but also life of
every person. Financial management perform varied financial tasks such planning, extending credit to customers,
evaluating proposed large expenditures, raising money to fund the firms operations. Today's financial manager
actively involved developing and implementing corporate aim 'growing the firm' and improving its competitive
position.
Objectives: The objectives of this course are to make the students conversant with capital budgeting/investing
decisions, to give the students sound idea about financial management in an international perspective and to provide
sound theoretical knowledge on risk and risk management.
Learning Outcomes: In successfully completing this course, students will able:
a. To ensure regular and adequate supply of funds to the concern.
b. To adequate returns to the shareholders which will depend upon the earning capacity, market price of the share,
expectations of the shareholders?
c. To optimum funds utilization. Once the funds are procured and retained earnings of dividend, they should be
utilized in maximum possible way at least cost.
d. To safety on investment, i.e, funds should be invested in safe ventures so that adequate rate of return can be
achieved.
e. To measure the investment risk, financial ratios for fund management.
f. To plan a sound capital structure and leverage-There should be sound and fair composition of capital so that a
balance is maintained between debt and equity capital.

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Course Content
1. Introduction: Meaning of Financial Management-Principles-Goals-Profit Maximization-Wealth
Maximization-Cost Minimization- Risk Minimization-Maximization EPS- Finance and Other Functions.
2. Capital Budgeting under Uncertainty: Measurement of Risk, Mathematical Analysis: Perfectly, Moderately
and Uncorrelated Cash Flows, Risk Adjusted Discount Rate Method and Certainty Equivalent Method, Statistical
Tools.
3. Capital Structure and Leverage: Capital Structure Vs. Financial Structure, Theories of Capital Structure: Net
Operating Income (NOI) Approach, Net Income (NI) Approach, Traditional Approach, Modigliani and Miller
(MM) Approach: with or without Tax, The Effect of Bankruptcy Cost on MM Approach, Factors Influencing the
Capital Structure in Practice. Degrees of Leverage
4. Dividend Policy: Factors influencing Dividend Policy, Dividend Stability, and Rationale for Low and High pay
Out Ratio. Dividend vs. Capital Gains: What do investors prefer? Residual Theory of Dividends and Dividend
Irrelevance.
5. Financial Analysis and Control: Cash Flow Statement-Fund Flow Statement-Ratio Analysis-Performance
Evaluation. Need for financial analysis Objectives of financial statement analysis Limitations of financial
statement analysis; Types of analysis: Ratio analysis- techniques Percentage analysis Horizontal analysis Bench
Marking Vertical analysis Trend analysis Common size statements - Profitability analysis Ratios to analyze
operational performance ROI, ROA, EPS, Dupont Chart - Liquidity analysis Ratios to analyze short-term
solvency - Efficiency ratios Turnover ratios, activity ratios - Solvency analysis- Uses of Case Studies.
6. Options, Warrants, Convertibles, Forwards and Financial Futures: Options; Put and Call Options;
Implications of Option Pricing for Corporate Financial Policy; Warrants vs. Convertibles; Financial Futures.
7. Venture Capital Financing: Notion of Venture Capital; Business Plan; the Process of Venture Capital
Financing; Methods of Venture Financing.
8. Private Equity: Concepts; Strategies; History and Development; Investment in Private Equity; Private Equity
Firms; Hedged Funds; Recording Private Equity.
9. SME Financing: Problems and Sources of Financing Small and Medium Enterprises, and Micro Industries; Role
of Banks and Non-Banking Institutions for Development of SMEs in Bangladesh.
10. Mergers: Rationale for Mergers; Types of Merger; Basic Guidelines for Mergers; Methods of Payment for
Mergers; Financial Evaluation of the Methods of Payments; Demergers; Reasons for Demergers.

Text Books
1. Van, Horne, James C: Financial Management and Policy, Prentice Hall.
2. Brearley, R.A. & S.C. Myers: Principles of Corporate Finance, McGraw-Hill Book Company.
3. J.F. Weston & E.F. Brigham: Essentials of Managerial Finance.

Reference Books
1. Madura, Jeff: International Financial Management.
2. Brigham, Dugene E and Louis C. Gapenski: Intermediate Financial Management.
3. Davenport: Problems of Financing Small Factor Development
4. Khan and Jain: Financial Management
5. Hampton, J.: Financial Decision Making
6. F. Roster: Financial Statement analysis
7. B. Lev : Financial Statement analysis- ANew approach

51
 Course Title: Cost Accounting
Course no.: 314 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: Cost accounting helps to perform services involving the costing, pricing of goods and services or carries
out the preparation, verification or certification of cost accounting and related statements. The role and importance
of cost accounting has increased manifold on account of growing competition in the corporate sector. Its job broadly
stating essentially comprises of closely analyzing costs and devising ways to reduce it as far as possible. Cost
accounting assists in planning, monitoring and controlling the cost and price of a product or a service. The process
involves critical monitoring of relevant costs like material, labor, overhead and capital costs etc., involved in making
a product or providing a service. It analyzes the sales trend to strike a balance between the demand and supply, to
prevent over production.
Objectives: The objectives of this course are to introduce cost accounting as a separate branch of accounting; to give
an idea about measurement, analysis, accumulation and control of various elements of cost. This course will also
provide an elementary knowledge about preparation of cost sheet; and preparation of accounting reports under job
order and contract costing.
Learning Outcomes: At the end of this course students should be able to:
a. Define and illustrate various cost terms and concepts and evaluate their relevancy for different decision-making
purposes.
b. Distinguish between product and period cost; prepare a schedule of Cost of Goods Manufactured, schedule of
Cost of Goods Sold, and Income Statement.
c. Apply accounting principles to the accounting for materials.
d. Explain the procedures used to control labor cost.
e. Apply accounting rules for actual and applied factory overhead and distribute service department costs.
f. Describe the nature of and purposes of job order and batch costing
g. Apply accounting principles to the accounting for Construction Company.
Course Content
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. 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.
2. Cost Concepts, Classification and Preparation of Cost Sheets: Concept of Cost, Expense, Loss and Assets;
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.
3. 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.

52
4. 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.
5. Costing 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.
6. Allocation of Service Department Cost: 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. 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.

Text Books
1. Milton F. Usry and Lawrence H. Hammer. Cost Accounting: Planning & Control (South-Western Publishing
Co.).
2. C. T.Horngren, G. Fosterand S. M. Datar. Cost Accounting: A Managerial Emphasis(Prentice Hall).

Reference Books
1. J. T. Barfield, C. A. Raibornand M. R. Kinney. Cost Accounting: Traditions and Innovations (South-Western
Publishing Co.).
2. D. R. Hansenand M. M. Mowen. Cost Management: Accounting and Control (South-Western Publishing Co.).
3. S.P. Iyengar.Cost Accounting: Principles and Practice (Sultan Chand& Sons).
4. Jawahar Lal.Cost Accounting (TataMcGraw-Hill).
5. Ralph S. Polimeni, Frank J. Fabozziand Arthur H. Adelberg.Cost Accounting: Concepts and Applications for
Managerial Decision Making (McGraw-Hill Inc.).

Course Title: Practices of Taxation

Course no.: 315 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: The main sources of Government revenues are taxes and other receives. Government collects the revenues
from not only citizens but also companies and different forms of business organizations and makes expenditures for
the development purpose. Like individuals, business organizations must pay taxes to the government according to the
rules. Having knowledge about taxes will help to take tax related decisions and make aware of them.
Objectives: This course will provide students a comprehensive knowledge of tax from a managerial perspective, with
emphasis on the identification of tax problems and potential tax opportunities. This course will also be helpful in
assessing total income and tax liability of corporate and other types of assesses.

53
Learning Outcomes: In successfully completing this course, students will:
a. Apply taxation problem-solving techniques applicable to business decision making.
b. Recognize and comprehend the organization's taxation goals and objectives.
c. Apply the principles of corporate taxation which support the overall taxation strategy of the organization.
d. Apply the standard and accepted accounting principles when reporting, recording, and projecting financial
information/
e. Understand set off and carry forwarded system of loses.
f. Determine process of submitting income tax return of business organization.
g. Effectively utilize the corporate taxation concepts to conduct professional taxation practices.
h. Explain the importance of the corporate taxation process and its impact on the firm's mission, strategies and
decision making.
Course Content
1. Treatment of Depreciation and Business Loss: Depreciation, Provisions on Set-off of Losses in the Year of First
Incurrence and Its Procedure; Carry-forward and Set-off of Losses under specific Heads: Business Loss, Loss in
Speculation Business, Loss under the Head “Capital Gains”, Loss under the Head “Agricultural Income”; Carry-
forward of Loss of Firm and Partner; Carry-forward of Loss of Succeeded Business or Profession; Carry-forward
of Loss of Unabsorbed Depreciation; Carry-forward of Loss of Tax Holiday Units.
2. Assessment of Partnership Firms: Computation of Total Income of a Firm; Procedure of Assessment (Firm vs.
Partners); Computation of Partners' Share in the Firm's Income; Liability of a Firm for Unrecoverable tax due
from Partners; Assessment of Firm in Special Cases.
3. Assessment of Companies and Corporation including Banks and Insurance Business:
Definition of Company and Types of Companies; Computation of Total Income and Tax Payable; Tax Rebate on
Higher Productivity, Higher Dividend, CSR (Corporate Social Responsibility) and others; Procedure of
Assessment; Assessment of Banks and other financial institutions; Liability of Directors for Unrecoverable Tax of
Private Companies, Liability of Liquidators for Tax of Private Companies under Liquidation, Liability to Tax in
case of Shipping and Air Transport Business of Non-residents.
4. Assessment of non residents - Double Taxation Relief: Special Provisions relating to Avoidance of Tax through
Transactions with Non-residents, through Transfer of Assets and by Transactions in Securities; Transfer Pricing
Provisions for International Transactions; Double Taxation, DTAA(Double TaxAvoidanceAgreement), Relief in
respect of Income Arising Outside Bangladesh, Methods of Avoiding Double Taxation.
5. Tax Planning: Tax PlanningTax Compliance vs. Tax PlanningTax Formula and Tax Planning VariablesTax
Planning Techniques.
6. Investment Tax Credit and Recovery, Payment, Refund and Recovery: Notice of Demand, Procedures and
Modes of Recovery of Tax, Claim of Refund, Refund on the basis of Appeal Orders, Interest on Delayed Refund,
Adjustment of Refund against Tax.
7. Cases relating to Taxation.

Text Books
1. Income Tax Ordinance 1984, the Income Tax Rules 1984 and Finance Acts
2. M. A. Baree: Law & Practice of Bangladesh Taxation

Reference Books
3. Mahmud, Purahit, Bhattacharjee : Income Tax
4. Nikhil and Others: Income Tax
5. Circulars and Orders Issued by NBR.

54
 THIRD YEAR
SECOND SEMESTER
Course Title: Cost Management and Applications
Course no.: 321 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: Nowadays with multi-product ventures taking place, it has become important to know and understand the
exact cost of production every of product and service at different stages, to minimize the expenditure incurred on them
and to ensure optimum utilization of resources. This is where the role of cost accounting comes. It is also expected to
evaluate the operating efficiency and effectiveness of production and service management by collecting, compiling,
organizing, verifying, comparing and analyzing information from different departments of the organization.
Objectives: The objectives of this course are to provide the students with an in-depth knowledge of approaches of cost
accounting to enable them to apply costing methods and techniques to assist management for taking appropriate
decisions. This course will demonstrate various costing methods and techniques and maintenance of cost accounting
record to a variety of different businesses; acquaint them with techniques of preparation of cost of production
statements under different costing system. This course will also help to acquire sufficient knowledge about
preparation of financial statements of a manufacturing firm under both integral and non-integral system; impart
know how of Cost Control and Cost Reduction tools.
Learning Outcomes: At the end of this course students should be able to:
a. Define and illustrate various automation and cost management concepts and evaluate their relevancy for
different decision-making purposes.
b. Distinguish between both integral and non-integral system; prepare a financial statements of a manufacturing
firm under both systems.
c. Apply accounting rules to a process cost system and prepare cost of production summaries.
d. Explain the development and use of standard costs, prepare and interpret variance analysis reports
e. Compare and contrast absorption costing and variable costing, prepare income statements using both methods.
e. Apply accounting rules for actual uniform costing techniques.
f. Describe the nature of and purposes quality costing.
Course Content
1. Cost Accounting: Traditions and Innovations: Cost Accounting; Its Definition; Historical Development of
Cost Accounting; Cost Management Systems; Role of Controller and Cost Accountant; Ethics in Business;
Automation and Cost Management Concepts: Flexible Manufacturing Systems, Total Quality Management,
Value; Added Activities, Just-in-Time Concept, Pull rather than Push System, Activity Based Management, Life-
Cycle Costing, Target Costing; Change in Performance Evaluation; Professional Organizations.
2. 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 FinancialAccounting Records.
3. 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.
4. 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.

55
5. Service Costing (Operating 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.
6. 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.
7. 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.
8. Uniform Costing: Development and Requirements, British Master Printers Uniform Costing System.
9. Cost Control & Cost Reduction.
10. Productivity and Profitability.

Text Books
1. L. G. Rayburn. Cost Accounting: Using a Cost Management Approach (IRWIN).
2. C. T.Horngren, G. Fosterand S. M. Datar. Cost Accounting: A Managerial Emphasis(Prentice Hall).

Reference Books
1. J. T. Barfield, C. A. RaibornandM. R. Kinney. Cost Accounting: Traditions and Innovations (South- Western
Publishing Co.).
2. D. R. Hansenand M. M. Mowen. Cost Management: Accounting and Control (South-Western Publishing Co.).
3. S.P. Iyengar.Cost Accounting: Principles and Practice (Sultan Chand& Sons).
4. Ralph S. Polimeni, Frank J. Fabozziand Arthur H. Adelberg.Cost Accounting: Concepts and Applications for
Managerial Decision Making (McGraw-Hill Inc.).
5. Milton F. Usry andLawrence H. Hammer.Cost Accounting: Planning & Control (South-Western Publishing Co.).

Course Title: Introduction to Information Technology

Course no.: 322 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: All business functions deal with information technology. Now a day's information technology becomes the
integral part of modern business for managing, coordinating, communicating and crafting. Having knowledge about
information technology will help individuals make those decisions.
Objectives: The objective of this course is to introduce the basic concepts of computer and information systems. It will
introduce the students with operating systems and most commonly used office software. It will also cover the
fundamental concepts, theories, practices, and management of information system in organizations.
Learning Outcomes: In successfully completing this course, students will:
a. Apply problem-solving techniques applicable to business decision making.
b. Recognize and comprehend the organization's goals and objectives.
c. Apply the principles of information technology which support the overall strategy of the organization.
d. Understand computer, software, operating systems and computer networks.
e. Understand the use of computer, software, operating systems and computer networks.
f. Explain the importance of the information technology and its impact on the firm's mission, strategies and decision
making.

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Course Content
1. Introduction to Computer: Historical evolution, History of the computer, computer generations, Classification
of computers, Architecture: Components of a computer system, the central processing units, input-Device,
Output Device, and Memory Organization- Keyboard summary. Computer codes and Arithmetic: Binary- Octal-
Hexadecimal-number systems-conversion of number systems-binary fractions- Octal fractions-Fixed and
floating point numbers- BCD-EBCDIC-ASCII codes. Packed and joined Decimal. Software components: Typ0es
of software-System software-High level language- Assemblers- Compilers- Interpreters- System utilities-
Application Package.
2. Office Software: Word Processing using MS Word, Editing, Formatting, Colors and Styles, Drawing, Tables
Spreadsheet Analysis using MS Excel. Recalculation Formula Graph & Chart, Table, Reports, Query, Form,
Macro, Database Design. Presentation Software usage using MS Power Point: Slide presentation, colors, Style,
Theme, Transition, Sound and video linking.
3. Introduction to Computer Network: Network Topologies, Different types of Networks, Internet, Intranet,
Telnet, FTP, Web Server, IP Address. Introduction to Internet, HTML: Font, Color, Hyper Link, Tables, Graphics,
Form, Frames: E-mail using MS Outlook Express, and Web Browsing by Internet Explorer.
4. Database Management Systems: Understanding Database Management: Database Concept, Building a
Database, Searching the Database, Sorting database, Editing and Modifying database, Creating and printing
Reports, Designing and Developing Programs: Outline the general idea, Design the database structure, Develop
pseudo Code, Writing the programs Run and Test Program, Debugging techniques, Creating and management
database files: Sales Data Base, Accounts Receivables, Inventory, etc.
5. Introduction to Operating System: Types of operating system, Introduction to MS-DOS: Disk operating
system (DOS), operating system basics The system ROM BIOS the I/O system and system Files- DOS History-
The BOOT Process- How DOS loads and stars- File Management DOS file space allocation- Interfacing to disk
drives. Basic DOS Commands, Internal and External Commands, DOS files: Understanding of Batch files.
Customizing DOS: Configuration system file.
6. Information system in Business: Definition, concept, importance, system approach to problem solving, system
design and development, business information system, transaction processing system, decision support system,
artificial intelligence system, security and control issues in information system, ethical and social challenges of
information system, global information technology management . Electronic, Mobile Commerce and Enterprise
Systems: Introduction to Electronic & Mobile Commerce, Threads of Electronic & Mobile Commerce, and
Strategies for Successful E-Commerce, Technology Infrastructure required to Support E-Commerce and M-
Commerce.

Text Books
1. Mahesh K. Goel : Introduction to computer science
2. Alan Simpson : Understanding dBase III+
3. Nelson T Dinerstein : d Base III+ for the Programmer

Reference Books
1. E. Balayurusamy : Programming in BASIC
2. Byron S. Gottfried : Programming with BASIC
3. Official manual of MS Word
4. Stephen L. Nelso & Julia Kelly: Office XP-The complete reference (Osborne/McGraw Hill, 2001)

57
 Course Title: Fundamentals of Audit and Assurance
Course No. : 323 Course Credit: 03
Clock hours: 45 Total Marks: 100

Rationale: This course includes principles and practices used by public accountants and internal auditors in
examining financial statements and supporting data and Assurance services provided by them. Students will learn the
standards and apply this knowledge to a variety of practical scenarios. This would pave the way to a more meaningful
approach to understanding the audit process as a whole.
Objectives: This course is designed to introduce the concept of auditing and assurance services as a demand driven
discipline necessitated by the economic imperative and guided by social justification. This syllabus includes the
process of auditing and underlying audit concepts. It is practical in nature. An attempt has been made to establish the
logical order of this highly practice oriented exercise. The students are encouraged to internalize the theoretical
underpinnings through qualitative analysis and academic discussions.
Learning Outcomes: In successfully completing this course, students will:
a. Understand the nature of the function of auditing and other assurance services and the principles of the related
processes.
b. Learn the techniques available for gathering, summarizing, analyzing and interpreting the data presented in
financial statements and procedures used in verifying the fairness of the information.
c. Identify the stages of an audit from planning to conclusion
d. Understand ethical and legal aspects and considerations.
e. Understand the nature of auditing and assurance services including the impact of various statutes and
regulations.
f. Learn the standards and apply this knowledge to a variety of practical scenarios.
Course Content
1. Introduction to Auditing: The Historical Perspective; The 'Why' of Auditing; the Development of Auditing
Independent; 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 Regulatory Framework of 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. Professional Ethics and the 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; Matters
Threatening Auditor Integrity and Independence; Conflict of Interest; Obtaining Professional Work, Advertising
and Publicity; Remuneration; Insider Dealing; Other Matters.
3. 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.

58
4. Regulatory Framework of Auditing 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.
5. Auditing Standards and Guidelines And Rules of Professional Conduct: Bangladesh Auditing and Assurance
Standards; Accounting Standards and theAuditor; the Standard Setting Process; the Financial Reporting Council;
the Financial Reporting Review Panel; Audit and Assurance Council; Financial Reporting Standards; Relevance
of Accounting Standards toAuditing.
6. 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.
7. The Auditor and Errors and 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.
8. 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.
9. Understanding the Client and General 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 Decisions to be Made; Knowledge Obtained to Prepare Preliminary
Audit Plan; Procedures in Preparing Preliminary Audit Plan; Audit Decisions in Preliminary Planning.
10. 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.

Text Books
1. A. Arens and J. K. Loebbecke. Auditing: An Integrated Approach (Prentice Hall).
2. D. R. Carmichael, J. J. Willingham and C. A. Schaller. Auditing Concepts and Methods (McGraw-Hill).
3. B. N Tandon ,A hand book of practical Auditing ( S Chand Publishing)

Reference Books
1. Grant Gay and R. Simnet. Auditing and Assurance Services (McGraw-Hill Irwin).
2. Iain Gray and S. Manson. The Audit Process (Chapman & Hall).
3. T. Lee. Corporate Audit Theory (Chapman & Hall).
4. S. K Basu, Auditing:Principles and Techniques (Pearson)
5. A. H. Millichamp. Auditing (DP Publications).
6. C. Robertson. Auditing (Irwin).
7. E. Woolf. Auditing Today (Prentice Hall).

59
 Course Title: Human Behaviour in Organizations
Course no.: 324 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: An organization has to deal with the behavior of individuals, groups that are influenced by each other and
by the structure of the organization. The knowledge acquired through this study is utilized for the smooth functioning
of the organization as a whole. The main focus of organizational behavior is to reduce absenteeism, enhance
productivity & turnover, and enhance the citizenship of employees & their job satisfaction.
Objectives: The main objective of this course is to introduce various human and organizational behavioural issues.
The contents have been meticulously designed to stress the importance and relevance of organizational behavior
theory, research and application in improving the socio-economic order of the society. This introductory course on
behaviour will help students to understand that human and organization are not only functional and quantitative
subjects but also behavioural and qualitative ones.
Learning Outcomes:Upon successful completion of the course, students will be able:
a To know basic concepts for understanding individual, group, and organizational behavior through the critical
analysis of important works in the field
b. To apply theories to explain, predict, and influence behavior.
c. To be able to explain why employees engage in some behaviors rather than others, predict how employees will
respond to various actions and decisions, and influence how employees behave.
d. To know what factors will influence the efficiency and effectiveness of employees.
e. To apply the theories of motivation and ensure employee job satisfaction.
f. To avail the skill of mitigating employee conflicts and ensure proper team work.
Course content
1. Organizational Behaviour (OB) Today: Definition of OB; Shifting Paradigms of OB; Scientific Foundation of
OB; OB and Management; Ethics and OB; Levels and OB; Challenges of OB.
2. Individuals in Organization: Personality; Nature and Determinants of Personality; the Big Five Model of
Personality: Extraversion, Neuroticism, Agreeableness, Conscientiousness, Openness to Experience; Other
Organizationally Relevant Personality Traits: Locus of Control, Self-Monitoring, Self-Esteem, Type A And Type
B Personalities, Needs for Achievement, Affiliation and Power; the Nature of Ability, Management of Ability in
an Organization.
3. Values, Attitudes, Moods, and Emotions: The Nature of Vales, Work Attitudes, Moods, and Emotions;
Relationship between Values, Attitudes, Moods, and Emotions; Job Satisfaction: Determinants, Theories,
Consequences; Organizational Commitment: Determinants and Consequences of Affective Commitment.
4. Perception, Attribution, and Management of Diversity: Perception: Nature, Characteristics of the Receiver;
Characteristics of the Target and Situation; Biases and Problems in Person Perception.
5. The Nature of Work Motivation: Key Elements of Work Motivation; Motivation and Performance; Intrinsic
and Extrinsic Motivation; Theories of Work Motivation: Need Theory, Expectancy Theory, Equity Theory,
Organizational Justice Theory.
6. Managing Stress And Work Life Balance: Key Aspects of Stress, Individual Differences and Stress,
Consequences of Stress, Sources of Stress, Strategies to Cope With Stress.
7. The Nature of Work Groups and Teams: Types of Work Groups; Group Development Over Time: the Five
Stage Model, Characteristics of Work Groups, How Groups Control their Members: Roles, Rules, and Norms;
Process Losses, Process Gains, and Group Effectiveness, Social Loafing, How Task Characteristics Affect Group
Performance; Group Cohesiveness and Performance.

60
8. Power, Politics, Conflict And Negotiation: Nature of Power and Politics; Sources of Individual, Functional and
Divisional Power; Organizational Politics: the Use of Power; Tactics for Increasing Individual Power, Managing
Organizational Politics; Organizational Conflict: Sources, Pondy's Model of Organizational Conflict,
Negotiation: Individual Level Conflict Management, Group Level Conflict Management, Promoting
Compromise.
9. Organizational Culture And Ethical Behaviour: Definition; Ways of Transmitting Organizational Culture;
Factors Shaping Organizational Culture; Values from the National Culture; Creating on Ethical Culture.
10. Organizational Change and Development: Forces for and Resistance to Organizational Change; Managing
Change: Action Research; Organization Development: OD Techniques to Deal With Resistance to Change, OD
Techniques to Promote Change.

Text Books
1. K. Davis. Organization Behavior: Human behavior at work (McGraw-Hill).
2. S. D. Robbins and T. A. Judge. Organizational Behavior (Prentice Hall).

Reference Books
1. Laurie J. Mullins. Essential of Organizational Behaviour (Prentice Hall).
2. D. Hellriegel, J. W. Slocum and R.W. Woodman. Organizational Behavior (South-Western College Publishing).
3. Fred Luthans. Organizational Behavior (McGraw-Hill).
4. Jennifer M. George and Gareth R. Jones. Understanding and Managing Organizational Behviour (Prentice Hall).
5. Laurie J. Mullins. Essentials of Organizational Behaviour (Prentice Hall).

Course Title: Operations Research

Course no.: 325 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: Operational research deals with the application of advanced analytical methods to help make better
decisions by employing techniques from other mathematical sciences, such as mathematical modeling, statistical
analysis, and mathematical optimization, operations research arrives at optimal or near-optimal solutions to
complex decision-making problems.
Objectives: The goal of this course is to develop problem modeling and solving skills and learn how to make
intelligent business decisions from the point of view of optimization.
Learning Outcomes: Upon successful completion of the course, students will be able:
a. To apply LP model to determine the "best" production levels for maximal profits under conditions of the
limitations of materials and labor.
b. To find out the optimal solutions to choose between alternative courses of actions on the basis of multiple and
conflicting criteria by applying duality theorem.
c. To be able to conduct the network analysis to determine the shortest route and duration and maximum flow of
matters
d. To build the transportation and assignment models for minimizing cost and accelerating managerial effort
e. To know how to minimize inventory cost through EOQ model.
f. To be able to apply queing theory to ensure better service to the customers within expected time
g. To know how to formulate business strategy, labor policy by understanding game theory.
g. To find expected value under uncertain situations and choose the best alternative by decision theory analysis

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Course content
1. Introduction: Origin of Operations Research (OR)-Definition of OR-Characteristics of OR-Modeling in OR-
Phases of OR Study-OR Techniques-Advantages and Disadvantages of OR- Area of Application of OR in
Business.
2. Linear Programming: Nature of LP- Formulation of the Problems- Graphical Method of solution-Feasible
solution-Optimal solution-Algebraic solution-Simplex method-Maximization and Minimization Problems.
3. Duality and Sensitivity Analysis: Duality in LP Dual from of Problem-Primal-Dual relationship-Dual Simplex
method-Simplex based Sensitivity analysis-Changes in objective functions and constrains.
4. Network Analysis: Introduction-Problems in network Analysis: Shortest Route Problem-Minimal Spanning
Tree Problem-Maximal Flow Problem.
5. Project Scheduling by PERT and CPM: Introduction Program Evaluation and Review Technique (PERT)-
Advantages and Limitations of PERT- Critical Path Method (CPM)-Advantages and Limitations of
CPMDistinction between PERT and CPM-Project Network-Project Scheduling with known activity times-
Project Scheduling with uncertain activity times-Considering time-cost trade-offs.
6. Inventory Management
Introduction-Concept of inventory Control-Objectives of Inventory Control-Types of Inventory Models:
Economic Order Quantity (EOQ) Model-Economic Production Lot Size Model-Inventory Model with Planned
Shortage-Quantity Discounts for the EOQ Model-Single Period Inventory Model with Probabilistic Demand-
Order Quantity, Re-order Point Model with Probabilistic Demand, Periodic Review Model with Probabilistic
Demand.
7. Transportation Model : Overview of transportation model, formulating the model, finding an initial feasible
solution: North West Corner Rule, Least Cost Method, Vogel's Approximation Method, Evaluating a solution for
optimality: Stepping Stone Method, Modified Distribution Method, Developing an improved solution.
8. Assignment Model: Introduction, The assignment method, Procedure, requirements for use of the assignment
method, special issues.
9. Queuing Theory: Introduction, Basic Definitions and Notations, Properties of Queuing Model, Limitations of
Queuing Model, Queuing Models: Basic single-channel model, Multiple channel models.
10. Theory of Games: Introduction, Pay off Matrix, Two-person Zero-sum Game, Pure Strategy, Mixed Strategy:
Swap-Difference Method, Linear Equation Method, Probability Distribution Method, Matrix Algebra Method;
Rule of Dominance: General Rule of Dominance, Modified Dominance Property.
11: Decision Theory: Introduction, Characteristics of Decision Model, Decision Theory Approaches. Decision
Making Conditions: Decision Making Under Certainty, Under Complete Uncertainty and Decision Making
Under Risk; Value of Perfect information, Decision Tree Analysis.
12. Simulation: Introduction-Advantages and Limitations-Simulation Application.

Text Books
1. David R. Anderson, Dennis J. Sweeney & Thomas A. Williams,: An Introduction to Management Science.
2. V.K. Kapoor: Operations Research-Problems and Solutions, Fourth Edition.

Reference Books
1. William J. Stevenson: Introduction to Management Science.
2. K. Roscoe Davis, Patrick G. McKeown & Terry R. Rakes: Management Science An Introduction.
3. Handy A. Taha, :Operations Research An Introduction.
4. Gupta, P.K. & Hira, D.S., Operations Research, Millennium Edition.

62
 FORTH YEAR
FIRST SEMESTER
Course Title: Accounting Programming Fundamentals
Course no.: 411 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: All business functions have to adopt information technology. Business Background people need to know
accounting related software and its application and the process of development. Having knowledge about accounting
programming will help individuals make those decisions.
Objectives: The objective of the course is to introduce accounting programming and its application so that the
student can develop their own software. Moreover, students will be familiar with the common and contemporary
accounting related software along with their applications in real life situation.
Learning Outcomes: In successfully completing this course, students will:
a. Apply problem-solving techniques applicable to business decision making.
b. Apply the principles of accounting programming which support the overall information technological strategy of
the organization.
c. Apply the standard and accepted accounting programming when reporting, recording, and projecting financial
information.
d. Understand the accounting programming and software.
e. Explain the importance of the accounting programming process and its impact on the firm's mission, strategies
and decision making.
Course Content
1. Information & System: Data and information-Quality of information Application of information system to
information system design Types of system Software and communication technology for information system.
2. Software: Definition-Basic Classification and software-System Software-Application Software.
3. Spreadsheet Analysis using Excel: Worksheet-Definition getting started with Excel-Making a working copy of
the original program diskettes-Understanding Column-rowCell-Range-Level-Value-Point-Entering data into
worksheet-Fundamentals of Excel-Commands-Formatting cell contents in Excel function Managing files in
Excel-Creating shading exporting & Printing files and graphs. Customizing Excel data base and macros-Project
work using excel.
4. AccPac Plus-General Ledger : Defining General Ledger accounts- Adding accounts- Modifying
AccountsDeleting accounts- Displaying accounts- Defining accounts groups-Financial system Formats-Setting
up for current yearHistorical and Budget, Data, Data in Processing Transactions-Creating Batches Reporting
General Ledger Data-Consolidating Posted Transactions-Closing General ledger year end Changing the fiscal
year-Doing period and Procedures-Consolidating General Ledger.

Text Books
1. Davis, Gorden B : Management Information Systems: Conceptual Foundat and Development.
2. Stephen I. Nelson & Julia Kelly : Office XP- the computer Reference ACCPAC Plus-General Ledger Version 6.0
or Later.

63
 Course Title: Practices of Audit and Assurance
Course No. : 412 Course Credit: 03
Clock hours: 45 Total Marks: 100

Rationale: This segment of Audit and Assurance course concentrates largely on the technical aspects of the
discipline. Students will be able to apply standard audit procedures such as analytical procedures, detail tests, and
tests of controls. This course enable students to improve professional standards and procedures, as applied to external
and internal assurance engagements, Including coverage of the economic role of assurance providers, engagement
planning, risk assessment, evidence gathering, and reporting
Objectives: The designing of this course has been influenced by the need to reasonably orient the students with
practical necessities as well as the chronological sequencing of the audit process. To this end, particular emphasis has
been put on the programming, investigative, and reporting aspects of the audit and assurance services. For effective
academic discourse, a number of contemporary and research oriented issues have also been made part of this
segment.
Learning Outcomes: In successfully completing this course, students will:
a. Understand audit approach
b. Learn the technical aspects of auditing
c. Understand Cost Audit
d. Understand programming, investigative, and reporting aspects of the audit and assurance services
e. Learn Audit sampling procedure
f. Fundamental issues arising in recent accounting and auditing scandals.
g. Able to apply standard audit procedures such as analytical procedures, detail tests, and tests of controls.
h. Understand contemporary and research oriented issues of auditing.
Course Content
1. The Audit Approach: The Ethical Clearance; the Letter of Engagement; the Audit Chronology; Discover the
Background and Operational Systems; Discover the Systems Strengths and Weaknesses in Details; Evaluate the
Relative Effect of Weaknesses in Each Major Operational Areas; Confirm the Reliability of Records as a Basis for
Preparation of Final Accounts; Ensure that Draft Financial Statements are in Agreement with Underlying
Records; Form an Opinion as to whether the Accounts as Presented Give a True and Fair View; Express an
Opinion in the Audit Report to Members.
2. Planning Tests of Details of Transactions and Balances: Designing Audit Programmers; Decisions to be Made;
Considerations in Deciding on Nature, Timing, and Extent; Efficiency and Effectiveness of Audit Tests; Audit
Evidence and Documentation; Direct Tests of Balances; Nature of Financial Statement Component and Audit
Objectives; Materiality at the Account Balance Level; Audit Risk at the Account Balance Level; Efficiency of
Audit Tests; Tests of Transaction Classes; Relation of Tests of Transaction Classes to Direct Test of Balances;
Types of Tests of Transaction Classes; Planning the Scope of Tests of Transaction Classes; Revision of Audit
Programme as Audit Progresses; Client Expectations; Generalized Materials; Direct Tests of Balances at an
Interim Date; Auditing Accounting Estimates.
3. Audit Sampling: An Introduction to Audit Sampling; Definition and Basic Features of Audit Sampling; Various
Means of Gathering Audit Evidence; Non-Statistical Vs Statistical Audit Sampling; Planning and Designing the
Sample; Determining the Sample Size; Selection of the Sample; Performing the Audit Procedures and Evaluating
the Sampling Results; Sampling for Tests of Controls: In Particular, Attribute Sampling; Sampling for
Substantive Tests: In Particular, Monetary Unit Sampling; Other Statistical Sampling Approaches.
4. Tests of Transaction Classes and Related Balances: Revenue, Receivables, and Receipts; Functions,
Documents, Inputs, and Accounting Systems; Primary Control Related Features; Account Balances and
Transactions; Potential Misstatements; Tests of Transaction Classes for Sales; Tests of Transaction Classes for
Cash Receipts; Tests for Adjustments to Account Receivables; Expenditures, Payables, and Disbursements;

64
 Differences from the Sales Cycle; Functions, Documents, Inputs, and Accounting Systems; Primary Control
Related Features; Account Balances and Transactions; Potential Misstatements; Tests of Transaction Classes for
Purchases of Inventory; Tests of Transaction Classes for Cash Disbursements.
5. Direct Tests of Balances: Inventories; Differences from the Sales and Expenditures Cycles; Assertions,
Objectives, and Procedures; Observation of the Physical Inventory; Tests of Pricing and Summarization;
Materiality; Audit Risk; Long Term Assets and Obligations and Owners' Equity; Property and Equipment;
Investments and Intangible Assets; Long Term Obligations; Owners' Equity; The Income Statement; Income
Taxes.
6. Completion of the Audit: Nature of Completion and Review Procedures; Date of the Audit Report; Audit
Procedures After Year End; Subsequent Events Review; Subsequent Events of Audit Interest; Subsequent Events
and the Report Date; Re-issuance of the Audit Report; Legal Representation Letters; Client Representation
Letter; Summarization and Evaluation of Audit Results; Evaluation of Going Concern Status; Financial
Statement Review and Analytical Procedures; Administrative Completion of the Working Papers; Maintaining
Quality of Audit Practice; Subsequent Discovery of Facts; Subsequent Discovery of Omitted Procedures.
7. The Auditor's Report: Auditor's Reporting Obligation; Departures from a Standard Report; Financial
Statements and Period Covered; Qualifications, Adverse Opinion, and Disclaimers; Limitations on the Scope of
Audit; Departure from Generally Accepted Accounting Principles; Explanatory Language Added to the Standard
Report; Going Concern Uncertainties; Inconsistent Application of Accounting Principles; Information Outside
the Basic Financial Statements; Emphasis of a Matter; Auditor; Client Communications; Communication with
Shareholders; Communicating with the Board of Directors; Communication with Audit Committees;
Communicating with Management.
8. Internal Auditing: The Evolving Nature of Internal Auditing; Current Standards for Internal Auditors; the
Current Practice of Internal Audit; the Future of Internal Audit; Internal Audit and External Audit Contrasted;
Approaches to Assessing Risk Management, Control, and Governance Process.
9. Audit and Assurance in the Public Sector: Framework for Public Sector Auditing; Definition of Public Sector;
Public Sector Auditors; Public Sector Audit Clients; Public Sector Audit Objectives; Types of Assignment;
Regulatory Audit; Performance; Reporting Obligation.
10. Cost Audit: History of Cost Audit; Reasons for Introducing Cost Audit; Definitions of Cost Audit; Objectives of
Cost Audit; Cost Records; Advantages and Disadvantages of Cost Audit; Contrast of Cost Audit and Financial
Audit; Stages of Cost Audit; Cost Audit Report; Efficiency Audit; Areas of Efficiency Audit; Cost Auditing
Standards.
11. Advanced Topics in Audit and Assurance Services: Electronic Commerce Environment; Business Risk
Assessment and Control Considerations in Electronic Commerce; Evidence Gathering in an Electronic
Commerce Environment; Continuous Assurance; Forensic Auditing; Environmental and Sustainability
Assurance; the Audit Expectations Gap.

Text Books
1. A. A. Arens and J. K. Loebbecke. Auditing; An Integrated Approach (Prentice Hall).
2. D. R. Carmichael, J. J. Willingham and C. A. Schaller. Auditing Concepts and Methods (McGraw- Hill).
3. B. N Tandon ,A hand book of practical Auditing ( S Chand Publishing)
4. S. K Basu, Auditing:Principles and Techniques (Pearson)

Reference Books
1. D. D. Chowdhury. Cost Audit and Management Audit (Central Educational Enterprises (P) Ltd.).
2. J. A. Edds. Management Auditing: Concepts and Practices (Kendall and Hunt).
3. G. Gay and R. Simnet. Auditing and Assurance Services (McGraw-Hill Irwin).
4. I. Gray and S. Manson. The Audit Process (Chapman & Hall).
5. T. Lee. Corporate Audit Theory (Chapman & Hall).
6. P. C. Jones. Public Sector Auditing (Chapman & Hall).

65
 Course Title: Managerial Accounting
Course no.: 413 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: Managers are entrusted with organizational operational planning, decision making and strategic
management. Managerial accounting is a company's internal language, and is used for decision-making, production
management, product design and pricing and for motivating and evaluating employees. Unless you understand
managerial accounting, you cannot have a thorough understanding of a company's internal operations. What you
learn in this course will help you understand the operations of your future employer (and enable you to be more
successful at your job), and help you understand other companies you encounter in your role as competitor,
consultant, or investor.
Objectives: This course is planned for the graduate students of the department so that the students realize the
importance of Management Accounting as a major source of relevant information for decision making. Specific
objectives of this course are to describe what managers do and why they need accounting information; to give ideas
about cost terms, concepts and classifications; to explain the importance of cost behavior and their relationship with
managerial decision making. This course will further provide students with the elementary idea about budgets and
budgetary control, various methods of segment performance measurement, and techniques of generating relevant
information for decision making.
Learning Outcomes: At the end of this course students should be able to:
a. Identify and illustrate the primary activities and informational needs of managers, explain the role of the
managerial accountant as a member of the management team, compare and contrast financial and managerial
accounting.
b. Prepare traditional and contribution-margin income statements, define related terms, conduct cost-volume-profit
analysis.
c. Discuss the impact of technology on the manufacturing environment and its implications for product costs and
development of activity based costing and management.
d. Explain the purposes of budgeting and the master budget, prepare component schedules, and relate the budget to
planning and control.
e. Prepare and interpret variance analysis reports and relate them to responsibility accounting and control.
f. Explain the nature of and need for segment reporting and the relationship with cost, revenue, profit, and
investment centers; prepare and analyze related segment reports.
g. Explain the nature of capital expenditure decisions and apply and evaluate various methods used in making these
decisions.
Course Content
1. Introduction: Definition; Management Accounting; Scope and Functions of Management Accounting;
Evolution of Management Accounting; Financial Accounting Vs. Management Accounting; Cost Accounting Vs.
Management Accounting; the Management Accountant: the Controller Function; the Treasurer Function;
Expanding Role of Management Accountants; Comparison between Traditional and Contemporary Role of
Management Accountants; Management Accounting in Service and Non-Profit Organizations; the Management
Accounting Profession; Standard of Ethical Conduct for Management Accountants.
2. Cost Classification and Cost Behavior analysis: Cost Classification for Decision Making; Cost Behavior;
Analysis and Measurement of Cost Behavior; Methods of Segregating Costs into Fixed and Variable Costs (High-
Low Method; Inspection of Accounts/Accounts Classification Method; Engineering Method; Ordinary Least
Square Method); Contribution Format of Income Statement.
3. Cost-Volume-Profit Analysis: Assumption and Uses of Cost-Volume-Profit (CVP) analysis; Breakeven
Analysis; Computations of Breakeven Point and Shutdown Point; Graphical Approach to CVP Analysis; Margin
of Safety; Degree of Operating Leverage (DOL); CVP Analysis Under Multi-Product Situations; Limitations of
CVP Analysis.

66
4. Activity Based Costing: Traditional Costing System; Application and Limitation; Definition ofABC; Treatment
of Cost under Activity Based Costing; Designing an Activity Based Costing System; Identifying Activities that
Use Resources; Cost Drivers and Choosing Cost Drivers; Assigning Cost using Activity Based Costing; Benefits
of ABC; Comparison of Traditional and ABC Product Costs; Criticism of ABC.
5. Budgeting and Budgetary Control: Budget, Forecast and Budgeting; Purposes of Budgeting; Benefits;
Applicability of Budgeting and Budgetary Control; Budgeting Process; Types of Budgets and their
Interrelationship; Preparation of Functional Budgets; Cash Budget; Master Budget; Budgeted Income Statement;
Budgeted Balance Sheet; Role of Budgeting in Service and Not-for -Profit Organizations; Behavioral aspects of
Budgeting.
6. Flexible Budgeting: Flexible Budget vs. Static Budget; Limitation of Static Budget; Characteristics of a Flexible
Budget; Advantages of Flexible Budget; Preparation of Flexible Budget; Flexible Budget and Variance Analysis.
7. Relevant Information for Decision Making: The Concept of Relevant Cost; Using Relevant Cost Information
in Decision Making; Make or Buy Decisions; Limiting Factor Analysis; Addition or Deletion of Products or
Departments; Special Sales Orders; Sell or Process Further Decision; Replacement of Asset Decision etc.
8. Pricing Policy and Decisions: Transfer Pricing; Cost Plus Pricing Methods; Variable Cost Pricing; Differential
Cost Pricing; Full Cost Pricing; ABC and Pricing; Rate of Return Pricing; Pricing Policies and Strategies.
9. Responsibility Accounting: Meaning and Objectives of Responsibility Accounting; Financial Control and its
Relationship with Operations Control; Centralization Vs. Decentralization; Advantages and Disadvantages of
Decentralization; Decentralization and Responsibility Centres: Cost Centres, Revenue Centres, Profit Centres
and Investment Centres; Decentralization and Segment Reporting; Accounting for Responsibility Centres: ROI,
RI, EVA and MVA Measures; Comparison between ROI, RI, EVA and MVA; Performance Responsibility
Reporting.

Text Books
1. C. T. Horngren, G. Sundemand W. O. Stratton. Introduction to Management Accounting (Prentice Hall).
2. R. H. Garrison and E. W. Noreen.Managerial Accounting (Irwin).

Reference Books
1. A. A. Atkinson, R. S. Kaplan and S. M. Young. Management Accounting(Prentice Hall).
2. A. Belkaoui. Advanced Management Accounting (Quorum Books).
3. M. L. Hirsch. Advanced Management Accounting (Kent Publishing Company).
4. L. G. Rayburn. Cost Accounting: Using a Cost Management Approach (IRWIN)

Course Title: Corporate Financial Reporting

Course no.: 414 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: Accounting in business is too important to managers and societies to be left to accountants alone.
Accounting information is often a basis for decisions. The financial reports often the basis on which the effectiveness
of stewardship, decision, and action are evaluated.
Objectives: The objectives of this course are to give exposures to students the accounting profession to the financial
statement, including policy transaction and to conduct financial analysis and give elementary ideas about financial
reporting regarding accounting principles and accounting users. This course will also help to know the international
financial reporting standard (IFRS) in particular their origins and consequences.

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Learning Outcomes: In successfully completing this course, students will:
a. the main way in which national and international requirements affects financial reporting.
b. the ethical and professional issues for a accounts undertaking work in and giving advice on accounting and
financial reporting..
c. prepare and presents extracts from the consolidated financial statement and cash flow statement according to
international reporting frame work..
d. formulate accounting and reporting policies with law, regulations and accounting standard and other
requirement for stake holder users.
e. prepare the financial statements and identify the choice of accounting treatment adopted and other accounting
information and assess how they affect the view presented .
f. able to analyze and interpret financial statements and other non-financial information and draw appropriate
conclusion.
g. specify any additional information required for a meaning full analysis..

Course Content
1. Financial Reporting Fundamentals: Brief resume of Basic Accounting concepts- Business Entity Going
Concern Money Measurement- Accounting Period- Consistency- Historical Cost- Realization Matching Cost
and Revenue- Dual Aspect- Matching of Cost and Revenues- Conservatism- Materiality- Realization.
Application of limitation of the basic Concepts.
2. Users and Uses of Financial Report: Principal categories of users of financial Statements- External Users:
Shareholders, Prospective Shareholders, Investors, Prospective Investors- Bond/Debenture holders- Creditors of
Different types-Securities and Exchange Commission-NBR- An body in the world at Large.
3. Financial Reporting and Disclosure: The nature of disclosure- Disclosure of Quantities data- Disclosure of non
quantities information- Disclosure of post-statement events Disclosure of segment Information- Accounting
Difficulties Method of disclosure- Form and arrange of formal statements- Terminology and detailed
Presentations- Supplementary Statements and Schedules Footnotes- The Auditor's Certificate- The chairpersons
Letter. Financial Reporting Disclosure Requirements and Ethical Responsibilities: Disclosure requirements
Authoritative bodies Securities and Exchange Commission Integrated disclosure system Disclosure fraud
Duties of Public accountants Ethical responsibilities The professional code of conduct.
4. Accounting for Price Level Changes: Historical Cost Accounting-Current Cost Accounting-Current Purchasing
Power Accounting and Replacement Cost Accounting and their Uses and Limitations-Case Study and analysis.
IAS-15.
5. Statement of Changes in Financial Position: Statement of Cash flows-Definition of Cash-Operating Activities-
Investment activities and Financial Activities- Completed Statement of Cash Flows and the relevant Accounting
Standard.
6. Final Accounts of Limited Companies for Internal Use and for publication: Current Trends in the
Presentation of Financial Statements.
7. International Financial Reporting Standards: IFRS # 1. First time adoption of IFRS; IFRS #2: Share based
payment, IFRS# 3. Business Combination , IFRS#4: Insurance Clocks, IFRS#5: Non Current assets held for sale
and discounted operations, IFRS#6: Explanation for and Evaluation of mineral resources and IFRS # 7: Financial
Investments: Disclosure .
8. Financial Reporting Act-2015

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Text Books
1. Corporate Financial Reporting : Text & Cases. Browniee
2. Financial Reporting and Analysis using Financial Accounting Information : Gibson

Reference Books
1.Muzaffer Ahmed & Shahidul Alam: Advanced Accounting.
2.The Companies Act in Bangladesh.
3. Ramesh Gupta: Inflation Accounting
4. Accounting Theory: L.S. Porwal
5. Financial Reporting Act -2015.
6. Related Articles of the different Journals

Course Title: Accounting Information Systems

Course no.: 415 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: Accounting Information Systems work as language of business by transforming data into information. It
also ensures proper processing, management and preservation of information which are very important resources of
the organization. Having knowledge about Accounting Information Systems will help individuals make those
decisions.
Objectives: The main objective of this course is to teach students the essentials of an effective accounting information
systems, which facilitates processing of accounting data and preparation of financial information. The course will
discuss a whole range of AIS topics which include basic definitions, details of data processing, flowcharting and
database management.
Learning Outcomes: In successfully completing this course, students will:
a. Apply problem-solving techniques applicable to business decision making.
b. Apply the principles of Accounting Information Systems which support the overall reporting strategy of the
organization.
c. Apply the standard and accepted accounting principles when reporting, recording, and projecting financial
information.
d. Understand the methods formulating, managing, evaluating and updating of Accounting Information Systems.
e. Determine the use of accounting information systems in business.
f. Explain the importance of the accounting information systems and its impact on the firm's mission, strategies and
decision making.

Course Content
1. Accounting Information System: An Overview: Data-Information-System-AIS-Users of AIS-Reasons for
studying AIS-Principles of AIS Subsystems of AIS-Role of Accountants with respect to an AIS-AIS VS MIS-How
an AIS can add value to an organization-The AIS and Corporate Strategy-Role of the AIS in the value chain-
Transaction Cycles.
2. Documenting AIS: Importance of Documentation-Data Flow Diagrams-Flow Charts: Document Flow Charts,
System Flow Charts and Program Flow Charts.
3. AIS Enhancements through Information Technology and Networks: Importance of IT to Accountants-
Effects of IT on the AIS-Network Concepts and Considerations-Network Topologies-Specialized
Interorganizational Networks: Internet Commerce and E-Commerce, Point-of Sale (POS) Networks, Electronic
Funds Transfer (EFT) Networks, Electronic Data Interchange (EDI) Networks-The Internet, Intranets, and
Extranets.

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4. File Organization and Data Base Management: File Organization Terms and Concepts: Character, Field,
Record, File, Data Base, Entity, Attribute-Problems with the traditional file environment-File Organization
Method-Data Base Management System (DBMS)-Advantages of DBMS-Components of DBMS-Data Base
Management Model-Logical and Physical views of data-Types of data files.
5. Controlling of Accounting Information Systems: Computer Fraud-Computer fraud and abuse techniques-
General Control and Application Control.
6. Auditing of Accounting Information Systems: Role of Auditors and Accountants-Types of audits-Basic
auditing considerations-auditing process-Computer based auditing approaches and techniques-Operational
audits of the information processing department.
7. The Revenue Cycle: Introduction-Basic business activities-Key decisions-Major threats and various control
procedures for dealing with those threats.
8. The Expenditure Cycle: Introduction-Basic business activities-Key decisions-Major threats and various control
procedures for dealing with those threats.
9. The Production Cycle: Introduction-Basic business activities-Key decisions-Major threats and various control
procedures for dealing with those threats.
10. The Human Resources Management and Payroll Cycle: Introduction-Basic business activities-Key
decisions-Major threats and various control procedures for dealing with those threats.
11. General Ledger and Financial Reporting Cycle: Introduction-Basic business activities-Key decisions-Major
threats and various control procedures for dealing with those threats.
12. Systems Development: Introduction-Approaches to Systems Development-Systems Development Life Cycle
(SDLC).

Text Books
1. Marshall B. Romney and Paul J. Steinbart, Accounting Information Systems, Pearson Education, Prentice Hall,
Twelfth Edition.
2. Wilkinson, J.W.; Cerullo, M.J.; Raval, V. and Wong-on-wing, B., Accounting Information Systems: Essential
Concepts and Applications, John Wiley and Sons, Inc.,NY, Fourth Edition.

Reference Books
1. Edward Lee Summers, Accounting Information Systems.
2. Fraderick H. WU, Accounting Information Systems.
3. London and Kenneth C. and London P, Essential of Management Information Systems.
4. Bodnar & Hopwood, Accounting Information Systems.

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 FORTH YEAR
SECOND SEMESTER
Course Title: Accounting for Governmental and Non-Profit Organizations
Course no.: 421 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: Good governance is a fundamental for a state that require proper accounting system to report the
financial activities of various sectors of a government to ensure accountability and transference. Non-profit
organization also requires proper management of their resource through proper accounting system to discharge their
responsibility.
Objective: Governmental accounting and financial reporting standards aim to address the need for public
accountability information by helping stakeholders assess how public resources are acquired and used, whether
current resources were sufficient to meet current service costs or whether some costs were shifted to future taxpayers,
and whether the government's ability to provide services improved or deteriorated from the previous year.
Learning Outcome: After studying this course the students will be able:
a. know how to record and report the financial activities of a non-profit organizations and NGOs.
b. to record and report the financial affairs of WASA & GAS, etc.
c. to understand the accounting practices of NGOs and project wise accounting.
d. to record budget and facilitate control of budget
e. to record and report the financial activities of different funds to ensure accountability.
f. to record and report of general fixed assets and general long-term liabilities.
g. to understand the role of the Comptroller and Auditor General of Bangladesh

Course Content
1. Accounting for non-profit organization: Definition of Non-profit organization-Accounting procedures-
Receipts and Payments Account-Income and Expenditure Account and Balance Sheet.
2. Account of Public Utility Concerns: Railway, Electricity, Telephone, WASA & GAS Distribution Authority,
Treatment of Replacement and Renewals under Double Account System.
3. Accounting for NGOs: System of Keeping accounts by NGOs. Project wise accounting.
4. Financial Reporting for Governmental Entities: Principles of Accounting and Financial Reporting for State
and Local Governments.
5. Budgetary Accounting: General Funds and Special Revenue Funds-Classifications of Revenues and
Expenditures.
6. Capital Project Funds: General Fixed Assets Account Group.
7. Debt Service Funds: General Long-Term DebtAccount Group.
8. Internal Service Funds and Enterprise Funds.
9. Fiduciary Funds: Agency Funds and Cash and Investment Pools-Trust Funds and Public Employee Retirement
Systems.
10. Power and Duties of the Comptroller and Auditor General of Bangladesh- Public Accounts of Central and
Local Governments-Finance and Revenue Accounts.

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Text Books
1. Leon E. Hay and Earl R. Wilson: Accounting for Governmental and Nonprofit Entities.
2. M.M Khan: Advanced Accounting.

Reference Books
1. Basu & Das: Practice in Accountancy, Vol.-2.
2. GOB, Comptroller and Auditor General, Accounts Code-Vol.-1.

Course Title: Research Methodology

Course no.: 422 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: Business cannot continue to produce old product by the old process with old technology the same old good
result. Business research is challenged with the job to produce new product by the research intelligence. The need to
make intelligent, informed decision ultimately motivates an organization to engage in business research.
Objectives: This course is designed to build the foundation of scientific thinking; understand the framework of the
business research process; develop an understanding of research design and techniques; and conduct basic
qualitative and quantitative research. This course will equip the students for scholarly writing and evaluate the
report.
Learning Outcomes: In successfully completing this course, students will:
a. able to understand basic and applied research and when business research should be conducted..
b. able to theory develop and analytic process of scientific theory building.
c. able to appropriate sample design and estimating confidence interval and specify sample size and data collection
procedure.
d. apply the standard and accepted accounting principles when reporting, recording, and projecting financial
information/
e. able to what, why and when descriptive statistics use of collection data and different hypothesis testing procedure
or inference the research.
f. able to interpret the hypothesis result and prepare report on the basis of descriptive and inference statistics
analysis.
g. able to independently conduct business research and writing a report which is product of slow, painstaking, and
accurate inductive work.

Course Content
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 Analyzing 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.

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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;
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 (nons-ampling)
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, ZTest, 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.

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).

Reference Books
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).

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 Course Title: Strategic Management
Course No. : 423 Course Credit: 03
Clock hours: 45 Total Marks: 100

Rationale: Strategic Management is an integrative and interdisciplinary course. It assumes a broad view of the
environment that includes buyers, suppliers, competitors, technology, the economy, capital markets, government, and
global forces and views the external environment as dynamic and characterized by uncertainty. This course will not
only introduces with the key strategy concepts but also aims to help students to integrate and apply their prior learning
to various business situations. Students will be able to analyze complex business situations after having grasp
knowledge of Strategic Management.
Objectives: This course introduces the key concepts, tools, and principles of strategy formulation and competitive
analysis. It is concerned with managerial decisions and actions that affect the performance and survival of business
enterprises. The course is focused on the information, analyses, organizational processes, and skills and business
judgment managers must use to devise strategies, position their businesses, define firm boundaries and maximize
long-term profits in the face of uncertainty and competition. This course is also designed to train students so that they
have sufficient knowledge to apply management steps in a complex real world situation.
Learning Outcomes: The learning outcomes of this course are to develop:
a. Clear understanding of the key concepts and principles of strategy formulation and competitive analysis.
b. Set of useful analytical skills, tools and techniques for analyzing a company strategically
c. The ability to take a general management perspective in analyzing a particular company
d. The ability to build on and integrate ideas, concepts, and theories from previously taken functional courses such
as Accounting, Finance, and Marketing,
e. The ability to think critically and strategically,
f. The ability to make the case for a particular set of strategic courses in a compelling manner, recognizing that no
one strategic solution for an organization is necessarily correct
g. The current issues being faced by strategic managers
h. The ability to work in teams, and
i. Oral and written presentation skills through the analysis and reporting of case situations.

Course Content
1. Introduction: What is strategic management? Key terms in strategic management the strategic management
model benefits of strategic management guidelines for effective strategic management business ethics and
strategic management global competition.
2. The business mission and vision: Mission Vision Importance of vision and mission statements characteristics
of a mission statement writing and evaluating mission statements.
3. The external assessment: The nature of an external audit The industrial organization (I/O) view economic
forces social, cultural, demographic and environmental forces Political, Governmental and Legal forces
Technological forces competitive forces Porter's five forces model sources of external information forecasting
tools and techniques External Factor Evaluation Matrix Competitive Profile Matrix.
4. The internal assessment: The nature of an internal audit The resource based view integrating strategy and
culture management marketing accounting/finance- production/operations research and development
management information systems the value chain Internal Factor Evaluation Matrix.
5. Strategies in action: Long term objectives types of strategies (Integration, intensive, diversification and
defensive strategies) the balanced scorecard Michael Porter's generic strategies means for achieving strategies
outsourcing strategic management in non-profit and governmental organizations.

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6. Strategy analysis and choice: A comprehensive strategy formulation framework the input stage - the matching
stage (SWOT, SPACE, BCG, IE, GSM) the decision stage (QSPM) cultural aspects of strategy choice the
politics of strategy choice governance issues.
7. Implementing strategies: Management and Operations issues: Annual objectives policies resource
allocation managing conflicts matching structure with strategies restructuring and reengineering linking
performance and pay to strategies managing resistance to change creating a strategy supportive culture
production/operations concerns when implementing strategies Human resource concerns when implementing
strategies.
8. Implementing strategies: Marketing, finance/accounting, R&D, and MIS issues: Marketing issues-
finance/accounting issues- R&D issues MIS issues.
9. Strategy review, evaluation and control: A strategy evaluation framework- the balanced scorecard
Characteristics of an effective evaluation system contingency planning auditing 21st century strategic
management challenges.
10. Strategic management case analysis: What is a strategic management case? Guidelines for preparing case
analysis Preparing a written case analysis making an oral presentation.

Text Books
1. John A. Pearce, Richard Braden Robinson, Strategic management: formulation, implementation, and control.
2. David, F.R. : Strategic Management Concepts and Cases, Prentice-Hall of India Private Limited, New Delhi.

Reference Books
1. Ireland,Hoskisson.Hitt : Strategic Management, Cengage Learning,New delhi
2. Thompson, A and Stickland, AJ : Strategic Management Concepts and Cases
3. Dess, G. G and Miller, A. : Strategic Management

Course Title: Investment Analysis and Portfolio Management

Course no.: 424 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: All business and individuals invest their savings and need to manage portfolio. Like companies,
individuals are faced with investment and portfolio decisions. Having knowledge about Investment Analysis and
Portfolio Management will help to take relevant decisions and make aware of them.
Objectives: This course focuses on the valuation and use of the major investment vehicles and strategies available in
capital markets today. In particular, we will consider how investors evaluate and form portfolios with instruments
such as stocks, bonds and mutual funds. Although the ultimate objective will be to develop a conceptual and
theoretical background upon which the participant can expand his or her knowledge of the field of investment, the
topical treatment will be rather practically oriented. It is expected that each participant will have completed the
appropriate finance, mathematics, statistics prerequisites and fundamental investment course prior to beginning the
class.
Learning Outcomes: In successfully completing this course, students will:
a. Apply problem-solving techniques applicable to business decision making.
b. Recognize and comprehend the goals and objectives of investment.
c. Apply the principles of investment which support the overall investment strategy of the Organization as well as
individuals.
d. Understand the real and nominal return of investment.

75
e. Understand the financial and real assets and its valuation process.
f. Determine methods of managing investment portfolio.
g. Effectively utilize the Investment Analysis and Portfolio Management concepts to conduct professional financial
analyzes.
h. Explain the importance of the Investment Analysis and Portfolio Management process and its impact on the firm's
mission, strategies and decision making.
Course Content
1. Overview of the Portfolio Formation Process: Investment Environment: Investment, Financial Assets;
Securities Market and its Characteristics; Investment Management Process; The Asset Allocation Decision:
Background and Investment Policy Statements; Investment Style Allocation; Analysis of Exchange Markets:
Types of order, Exchange Membership; Margin: Margin on long purchase and margin on short sale.
2. Security market indicator series: Time Weighted and Value Weighted Index-construction; DGEN; Free Float
Index.
3. Risk, Return and Portfolio Construction: Definition and Measurement of Risk, Probability Distribution and
Expected Return; Risk and Diversification; Mean Variance Portfolio Theory and Asset Pricing; Portfolio theory:
Measuring Portfolio's Expected Return and Risk; Two Risky Assets; Many Risky Asset; Delineating Efficient
Portfolios; Shape of the Portfolio Possibility Curve; Portfolio Diversification: Markowitz diversification;
Minimum Variance Portfolio; the Efficient Frontier with Riskless Lending and Borrowing.
4. Techniques for Calculating the Efficient Frontier: Short Sales allowed with Riskless Lending and Borrowing;
Short Sale allowed but No Riskless Lending and Borrowing; Riskless Lending and Borrowing with Short Sales
Not Allowed, No Short Selling and No Riskless Lending and Borrowing.
5. The Correlation Structure of Security, Returns: (A) The Single Index Model, (B) Multi-Index Models and
Grouping Activities. (C) Models of Equilibrium in the Capital Markets - Capital Market Theory and the CAPM-
CAPM Assumptions, Deriving the Capital Market Line, CAPM-- Systematic and Unsystematic Risk, SML, Test
of CAPM, APT.
6. Security Analysis-Fundamental Analysis: Market, Industry and Company Analysis; Technical Analysis; Forms
of Efficiency.
7. Security Valuation and Equity Portfolio Management: Overview of the Valuation Process, Theory of
Valuation, Valuation of Common Stock- Equity Valuation Analysis: Company Analysis and DCF Techniques;
Equity Valuation Analysis: Comparable Firm Techniques; Active Equity Portfolio Management; Evaluation of
Prospectus.
8. Fixed Income Securities and Portfolio Management: (A) Fixed Income Securities; (B) Bond Pricing
(Valuation); (C) Bond Price Volatility.
9. Professional Asset Management: Investment Companies and Mutual Fund
10. Evaluation of Portfolio Performance: (A) Composite Portfolio Performance Measures; and (B) Performance
Attribution Analysis.

Text Books
1. Frank K. Reilly and K. C. Brown. Investment Analysis and Portfolio Management (Thomson, South-Western)
2. ZviBodie, Alex Kane and Alan Marcus.Investments (McGraw-Hill). Edwin J. Elton and Martin J. Gruber.
Modern Portfolio Theory and Investment Analysis (John Wiley & Sons, Inc.).
3. .S.B Block, G.A Hirt: Fundamental of Investment Management.

Reference Books
1.J.C Francis: Investment Analysis and Management
2.Security Exchange Ordinance 1969 as amended in1993.
3.Publication of BOI of Bangladesh.

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 Course Title: Accounting Theory
Course no.: 425 Course Credit: 03
Clock Hours: 45 Total Marks: 100

Rationale: Accounting theory involves a review of both the historical foundations of accounting practices, as well as
the way in which accounting practices are changed and added to the regulatory framework that governs financial
statements and financial reporting.
Objectives: This course is designed to get students familiar with concepts of theory development and theories of
accounting policy choice, measurement of economic income and the value relevance of accounting information and
with the process of development of accounting and reporting regulations.; help students of accounting to critically
examine the connection between accounting theories and the regulatory framework of financial accounting; equip
students with the ability to critically evaluates conceptual frameworks for the preparation and presentation of
financial statements of both the International Accounting Standard Board (IASB) and the Financial Accounting
Standard Board (FASB); delve into financial disclosure regulations and practices in Bangladesh. The issue of both
disclosure adequacy and quality in the corporate annual reports will be highlighted.
Learning Outcome: Upon successful completion of the course, students will be able :
a. To understand the key objectives of financial reporting by businesses, both public and private
b. To know the logical reasoning that helps evaluate and guide accounting practices and help develop new
accounting practices and procedures.
c. To be able to provide effective financial information, even when the legal environment changes.
d. to identify and reporting investments made in the human resources of an organization
e. To account for and do corporate disclosures of greenhouse gas emissions, water and energy consumption,
waste creation and recycling, and renewable energy use
Course content:
1. Evolution of Accounting Thought: Early history of Accounting Origin and Growth of Accounting Knowledge
and the Double Entry System Industrial Revolution and Development of Accounting Developing of Accounting
in the 20th Century Accounting Accountability and Economic Development.
2. The Structure ofAccounting Theory:
a) Types of Accounting Theory: Structural (Syntactical) Theories-Interpretation (Semantic) Theories-
Behavior (Pragmatic) Theories.
b) Formulation of Accounting Theory: Traditional Approach: Deductive approach-Inductive approach-
Economic approach-Electric approach-Modern approach: Event approach-Decision model approach-
Behavioral approach-Electric approach-Predictive approach-Human information processing Information-
Economic approach.
c) Foundation of Accounting Theories: Decision Theory-Proprietary Theory-Entity Theory-Measurement
Theory-Enterprise Theory-Information Theory.
3. Conceptual Framework for Accounting and Reporting: Basic objectives- Subsidiary objectives-Information
needs- Qualitative characteristics of Information needs-Qualitative characteristics of Information Fundamentals
of Accounting and Reporting-Accounting and Reporting standards-Interpretation of Standards-Uniformity of
Accounting Practices-A Statement of Basic Accounting theory (ASOBAT) Basic Concepts and Accounting
Principles underlying Financial Statements of Business Enterprises (APB-4) Objective of Financial Statements
(Trueblood Report) Statement of Accounting Theory and Theory Acceptance (SATTA) Introduction to
statement of Financial Accounting Concepts (SFAC:1-6) Introduction to Statement of Financial Accounting
Standards (SFAS).
4. Measurement and Reporting: Measurement Subjective value True Economic value-Cost-Present value-
market value-Value to Business or Owner-Determining value in practice Assets-Liabilities-Owners' equity-
Measurement of Assets & Liabilities-Income: Business income Income recognition Income recipients -

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 Measurement of income-Income under uncertainty-Accounting and Economic concepts of income and value-
Capital-Maintenance of Capital-Revenue-Nature of revenue- Recognition of Revenue Expenses-Gains or losses-
Matching.
5. Financial Statements: The economic consequences of financial reporting Income statement elements The
balance sheet Statement formats Evolution of the statement of cash flows. Profit and Loss statement, Balance
Sheet and Cash Flow Statement The presentation of financial statements: Classification, form and content special
problems in the reporting of profit: prior period adjustment, extraordinary items, effects of accounting changes
and gains and losses on the evaluation of noncurrent assets Auditors' and directors' reports Reporting
requirements in Bangladesh Regulatory bodies IFRS Interpretations ICAB Standards.
6. Accounting Standards & Related Documents: Various Committees/Associations for framing standards,
Principle on Accounting International Accounting Standards (IAS) SSAPs FRSs SORPs UITF Abstracts
SFAS SFACs FAS International Accounting Foreign Currency Translation. Historical background
Developments in USA, UK, Australia and Bangladesh Accounting concepts, Principles, rules etc. including
equity theories Accounting standards Needs for accounting standards The efficient market hypothesis Objectives
of financial statements Desirable qualities of accounting information Conceptual framework of accounting.
7. Human Resources Accounting: Meaning of Human Resources Accounting-Uses and Objective of HRA-
Important factors in developing HRA in an organization-Measurement of Human Resources and theirAppraisal.
8. Green Accounting: A Brief Overview of Environmental Accounting, Meaning, Need, Objectives Of Green
Accounting, Aspects of the 'triple bottom line': people, planet and profitability,

Text Books
1. Accounting Theory: Text and Readings by Richard G. Schroeder and Myrtle Clark, Fifth Edition, John Wiley &
Sons, Inc. DU Library Call no. 657/SCA.
2. Accounting Theory: L. S. Powral.
3. Hendriksen, E. S. 1982. Accounting Theory. Homewood, IL: Richard D. Irwin Inc.

Reference Books
1. American Accounting Association (AAA). Regulatory Framework of Accounting. Sarasota, FL: AAA.
2. American Accounting Association (AAA). Contemporary Corporate Accounting. Sarasota, FL: AAA.
th
3. Blake, J. 1997. Accounting Standard. 6 Edition. Pitman Publishing, U. K.
4. Chatfield, M., and R. Vangermeersch. 1977. A History of Accounting Thought. New York. NY: Krieger
Publishing Co. Inc.
5. Belkaoui A.: Accounting Theory
6. Henderson, S. & Peirson, G.: An Introduction to Financial Accounting Theory
7. Lee T.A.: Income and Value Measurement

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