Application of the International Accounting Standards (IAS) in Bangladesh: A Study on Habib Bank Limited, Bangladesh

Abstract

The following report focuses on Habib Bank Limited Bangladesh’s operations and their compliance with the International Accounting Standards. In the first chapter of the report provide basic information regarding the students learning and experience. Chapter two solely focuses on the sampled corporation including its operations, leadership style and Financial Analysis of the last 5 years. The financial analysis can provide the reader an in-depth overview about the organization and its performance throughout the tenure. Chapter 3, the project part describes different aspects of compliance with IAS/IFRS in order to keep the financial reporting transparent and standardized. Through the study it has been disclosed that the bank abides by the IFRS while preparing their financial reports by applying the specific portion applicable in IFRS9/IAS32 which are the applicable guidelines for banks to create a standardized financial analysis and also how the bank applies internal control system to strengthen its operation However, for future study more bank’s data can be examined in order to represent the banking industry of Bangladesh under the criteria of IAS and IFRS.