Compliance of the rules & regulation of BAS (Bangladesh Accounting Standard) 1 & 30 in preparing the financial statements of EXIM Bank of Bangladesh Limited

Abstract

This report is prepared on the basis of “Compliance of the rules & regulations of BAS (Bangladesh Accounting Standard) 1& 30 in preparing the financial statements of EXIM Bank of Bangladesh Limited.” Basically in order to complete my Internship program for my graduation, I had a wonderful experience working for a period of three months in the EXIM Bank Bangladesh Limited. First part of this report is based on the introduction which includes topics like background, significance, scope, objective, methodology, limitation of the study. Basically it defines the way and background of the study to prepare the report. The next part of the report highlights a brief about EXIM Bank Bangladesh Ltd. and its vision, mission, corporate cultures, management, functions, strategies, achievement. In analysis part I have included two important applications of BAS-1 and BAS-30 which is very helpful to operate EXIM Bank of Bangladesh Limited in preparing the financial statement. The commercial banking activities encompass a wide range of services like accepting deposits, making loans, discounting bills, conducting money transfer and foreign exchange transaction. This report basically deals with “compliance of the rules & regulations of BAS (Bangladesh Accounting Standard) 1 & 30 in preparing the financial statements of EXIM Bank of Bangladesh Limited. The recommendation part of the report highlights some suggestions, which I believe necessary for further improvement in the future. Most important is Bangladesh Bank should give the permission of all applied rules to the EXIM Bank of Bangladesh Limited for operating proper banking activities.