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eeInstitute of Chartered Accountants of BangladeshAbbreviationInstitute of CharteredAccountants of BangladeshTypeProfessional associationRegion servedBangladeshMembership

The Institute is an active member of various International and Regional accounting bodies like:

- The International Federation of Accountants (IFAC)

- The International Accounting Standards Board (IASB)

- The Confederation of Asian and Pacific Accountants (CAPA)

- The South Asian Federation of Accountants

(SAFA)Official languagesEnglishWebsitewww.icab.org.bd

Professional accounting body

From Wikipedia, the free encyclopedia(Redirected fromProfessional accountancy body)

Jump to:navigation,search

A professional accounting body is aorganizationorassociationof accountants in a particularjurisdiction. Usually a persons needs to be a member of such professional accounting body tohold out to the public of the jurisdiction as an accountant. The designations for qualifiedaccountants vary from jurisdiction to jurisdiction, such asChartered Accountant,Certified

Accountant,Certified Public AccountantorCertified Management Accountant.

Some countries have a single professional accounting body while others have several. If there ismore than one body, such bodies may or may not compete with each other; in some countries,professional accounting bodies are divided according to their field of activity. For example, Indiahas two professional accounting bodies: theInstitute of Chartered Accountants of Indiadealswithfinancial accounting, while theInstitute of Cost and Works Accountants of Indiadeals withcost accounting.

Order under which ICAB established

The Institute of Chartered Accountants of Bangladesh (ICAB) is the National ProfessionalAccounting Body of Bangladesh established under the Bangladesh Chartered Accountants Order1973 (Presidential Order No. 2 of 1973).

ICAB's Administrative Ministry

The Ministry of Commerce, Government of the People's Republic of Bangladesh is theadministrative Ministry of ICAB.

http://www.icab.org.bd/http://www.icab.org.bd/http://www.icab.org.bd/http://en.wikipedia.org/w/index.php?title=Professional_accountancy_body&redirect=nohttp://en.wikipedia.org/w/index.php?title=Professional_accountancy_body&redirect=nohttp://en.wikipedia.org/w/index.php?title=Professional_accountancy_body&redirect=nohttp://en.wikipedia.org/wiki/Professional_accountancy_body#mw-headhttp://en.wikipedia.org/wiki/Professional_accountancy_body#mw-headhttp://en.wikipedia.org/wiki/Professional_accountancy_body#mw-headhttp://en.wikipedia.org/wiki/Professional_accountancy_body#p-searchhttp://en.wikipedia.org/wiki/Professional_accountancy_body#p-searchhttp://en.wikipedia.org/wiki/Professional_accountancy_body#p-searchhttp://en.wikipedia.org/wiki/Organizationhttp://en.wikipedia.org/wiki/Organizationhttp://en.wikipedia.org/wiki/Organizationhttp://en.wikipedia.org/wiki/Voluntary_associationhttp://en.wikipedia.org/wiki/Voluntary_associationhttp://en.wikipedia.org/wiki/Voluntary_associationhttp://en.wikipedia.org/wiki/Jurisdictionhttp://en.wikipedia.org/wiki/Jurisdictionhttp://en.wikipedia.org/wiki/Chartered_Accountanthttp://en.wikipedia.org/wiki/Chartered_Accountanthttp://en.wikipedia.org/wiki/Chartered_Accountanthttp://en.wikipedia.org/wiki/Certified_Accountant_%28disambiguation%29http://en.wikipedia.org/wiki/Certified_Accountant_%28disambiguation%29http://en.wikipedia.org/wiki/Certified_Accountant_%28disambiguation%29http://en.wikipedia.org/wiki/Certified_Accountant_%28disambiguation%29http://en.wikipedia.org/wiki/Certified_Public_Accountanthttp://en.wikipedia.org/wiki/Certified_Public_Accountanthttp://en.wikipedia.org/wiki/Certified_Public_Accountanthttp://en.wikipedia.org/wiki/Certified_Management_Accountanthttp://en.wikipedia.org/wiki/Certified_Management_Accountanthttp://en.wikipedia.org/wiki/Certified_Management_Accountanthttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_of_Indiahttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_of_Indiahttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_of_Indiahttp://en.wikipedia.org/wiki/Financial_accountinghttp://en.wikipedia.org/wiki/Financial_accountinghttp://en.wikipedia.org/wiki/Financial_accountinghttp://en.wikipedia.org/wiki/Institute_of_Cost_and_Works_Accountants_of_Indiahttp://en.wikipedia.org/wiki/Institute_of_Cost_and_Works_Accountants_of_Indiahttp://en.wikipedia.org/wiki/Institute_of_Cost_and_Works_Accountants_of_Indiahttp://en.wikipedia.org/wiki/Cost_accountinghttp://en.wikipedia.org/wiki/Cost_accountinghttp://en.wikipedia.org/wiki/Cost_accountinghttp://en.wikipedia.org/wiki/Institute_of_Cost_and_Works_Accountants_of_Indiahttp://en.wikipedia.org/wiki/Financial_accountinghttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_of_Indiahttp://en.wikipedia.org/wiki/Certified_Management_Accountanthttp://en.wikipedia.org/wiki/Certified_Public_Accountanthttp://en.wikipedia.org/wiki/Certified_Accountant_%28disambiguation%29http://en.wikipedia.org/wiki/Certified_Accountant_%28disambiguation%29http://en.wikipedia.org/wiki/Chartered_Accountanthttp://en.wikipedia.org/wiki/Jurisdictionhttp://en.wikipedia.org/wiki/Voluntary_associationhttp://en.wikipedia.org/wiki/Organizationhttp://en.wikipedia.org/wiki/Professional_accountancy_body#p-searchhttp://en.wikipedia.org/wiki/Professional_accountancy_body#mw-headhttp://en.wikipedia.org/w/index.php?title=Professional_accountancy_body&redirect=nohttp://www.icab.org.bd/

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ICAB's Vision

To meet the ever-changing global economic demands dominated by WTO regime, the ICAB is

fast becoming a body of professionals whose expert services will be highly sought after-

- To anticipate, meet and exceed the rising expectations of the society- To better use of opportunities to face the challenges of fiercer global competition- To recognize the changes in economy/ business and recognize the path to success by

adopting changes in knowledge management and acquiring skills- To recognize its role as a regulatory body to equip its members (Chartered

Accountants) with top-quality education and values- To recognize the needs known as world Class Advisors.

In order to materialize the above vision, ICAB will-

- Generate Chartered Accountants of high competence through rigorous but useful

education and training, who will be able to meet the challenges of the new

millennium- Uphold professional integrity and honesty of its members- Advise government on taxation, business law and related matters- Maintain superiority in respect of professional competence

- Meet the growing demand for qualified Chartered Accountants in Bangladesh- Create the environment of mutual cooperation- Carry out continuous research and make in-depth study of related subjects and apply

findings of research and study in the fields of accountancy profession

ICAB's Mission Statement

The mission of ICAB is to provide leadership in the development, enhancement and coordinationof the Accountancy Profession in Bangladesh in order to enable the profession to provideservices of consistently high quality in the public interest.

ICAB's Aims and Objectives

To achieve the above mission, ICAB will pursue the following objectives:

Regulate the Accountancy Profession and matters connected therewith in the country

Administer its members and students

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Ensure sound professional ethics and code of conduct by its members

Provide specialized training and professional expertise in Accounting, Auditing, Taxation,Corporate Laws, Management Consultancy, Information Technology and related subjects

Impart Continuing Professional Education (CPE) to its members

Foster acceptance and observance of International Accounting Standards (IAS) andInternational Standards on Auditing (ISA) and adopt the same as Bangladesh AccountingStandards (BAS) and Bangladesh Standards on Auditing (BSA) respectively.

Keep abreast of latest developments in Accounting techniques, Audit methodology,

Information technology, Management consultancy and related fields

Liaise with international and regional organizations to influence the development of efficientcapital markets and international trade in services.

ICAB's Management

The Council of ICAB is the Supreme Authority responsible for the administration andmanagement of the Institute. The Council is composed of 20 (twenty) members elected by themembers of the Institute from its two regional constituencies in Bangladesh every three years.The Council is headed by an elected President who is the Chief Executive of the Institute. ThePresident and the Vice-Presidents of the Institute are elected by the Council every year tomanage the affairs of the Institute. The Council is assisted by various Standing and Other (non-

standing) Committees. For the purpose of assisting the Council in matters concerning itsfunctions, the Council is empowered to constitute Regional Committees. At the moment thereare two Regional Committees in Dhaka and Chittagong and two Chapters - UK Chapter andNorth American Chapter.

The day to day running of the Institute is delegated to the Secretariat, headed by the Secretary.The Secretariat is located at Chartered Accountant Bhaban, 100 Kazi Nazrul Islam Avenue,Kawran Bazar, Dhaka-1215, Bangladesh.

Membership

As on 20 April 2012, the Institute has 1252 members of whom 766 are fellows and 486 areassociates, 1107 members are resident in Bangladesh and 145 are resident abroad. Associate andFellow memberships are offered by the Institute. Persons passing the qualifying FinalExamination of the Institute are offered Associateship (ACA) while fellowship (FCA) is offeredto members having at least five years post-associateship experience and fulfilling relevant other

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requirements. Out of 1252 members, 344 are practicing as public accountants and the rest 908are serving in various key positions in public and private organizations-both at home and abroad.

Affiliation

The Institute is an active member of various International and Regional accounting bodies like:

- The International Federation of Accountants (IFAC)

- The International Accounting Standards Board (IASB)

- The Confederation of Asian and Pacific Accountants (CAPA)

- The South Asian Federation of Accountants (SAFA)

FUNCTIONS OF CHARTERED ACCOUNTANTS ENGAGED IN PUBLIC

PRACTICES:

Chartered Accountants engaged in public practice mainly carry out the following functions:

- Perform professional services involving auditing or verification of financial

transactions, books, accounts or records, or preparation, verification or certification

of financial, accounting and related statements;- Render professional services or assistance in or about matters of principles or details

relating to accounting procedures, costing techniques, or recording, presentation or

certification of financial facts or data;- Render professional services or assistance as Management Consultant in or about

matters of accounting methods, systems and techniques involving forecasting, in

order to assist management in its task of formulating polices, programmes,

management systems and procedures for maintaining and improving efficiency.

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FUNCTIONS OF CHARTERED ACCOUNTANTS EMPLOYED IN TRADE,

COMMERCE, INDUSTRY, FINANCE, ETC.:

After qualifying, a Chartered Accountant may not necessarily go for public practice either onhis/her own or in partnership with other Chartered Accountant(s) but may go for employment in

trade, commerce, industry, finance, etc. Many positions of trust and responsibility are open to aChartered Accountant such as Chief Executive, Member Finance, Finance Director, CompanySecretary, Chief Accountant, Finance Controller, Systems Analyst, Internal Auditor, CostAccountant, etc. in Listed Companies/ Autonomous bodies or in industrial, financial, commercialor educational enterprises. A Chartered Accountant can also serve on the Board of Directors ofvarious organizations, particularly financial institutions. Such positions of responsibility, trust,honour and dignity are offered to Chartered Accountants because of their excellent educational& training background, professional know-how & technical expertise and sound financialknowledge & experience , thus enabling them to contribute towards solving accounting,financial, educational and business problems at top levels.

ICAB's PUBLICATIONS :

- Members Hand-book on Bangladesh Chartered Accountants Order 1973 &

The Institute of Chartered Accountants of Bangladesh Bye-laws 2004 and

Council Directives/Decisions- Annual Council Report and Annual Audited Financial Statements as at 30th June

every year- Annual List of Members & CA Firms as of 1st July every year- The Bangladesh Accountant (Quarterly Journal)- News-Bulletin (Monthly News Letter)- Students' Guide (Information booklet)

- Fees Schedule (Effective from 01 July 2004)- Students Study Manuals on various subjects- Students Suggested Answers Booklets on past exam. Questions on various subject- Bangladesh Accounting Standards (BASs) and Bangladesh Financial Reporting

Standards (BFRSs) Volume -I (BAS 1 - BAS 25)

- Bangladesh Accounting Standards (BASs) and Bangladesh Financial Reporting

Standards (BFRSs) Volume -II (BAS 26 - BAS 41 and BFRS 2 - BFRS 6)

- BSQC1 & Quality Assurance Requirements

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- Audit Practice Manual

- Manuals and Technical guides on various professional and technical subjects

REGIONAL OFFICE ADDRESSES:

(a) Chairman/ Hony. SecretaryDhaka Regional Committee-ICABChartered Accountant Bhaban100 Kazi Nazrul Islam AvenueDhaka-1215Tel: +880-2-9115340, 9117521, 9137847, 9129057, 9112672Fax: +880-2-8119399E-mail:drc@icab.org.bdWeb:www.icab.org.bd

(b) Chairman/Hony. SecretaryChittagong Regional Committee-ICABHBFC Building1/D Agrabad Com. AreaChittagongTel:+880-31-724674Fax :880-31-813579E-mail :icab@spnetctg.com

(b) ChairmanICAB UK Chapter Management Committee782 Garrat Lane, London SW17 0LZ, UKTel: +44 207 3728 777Fax:+44 208 6790 721E-mail:email@hahmed.co.uk

(d). Chairman

ICAB North American Chapter3205 Respond RoadMississauga, L5M 7X5Ontario, CanadaTel: (905) 828 1581

mailto:drc@icab.org.bdmailto:drc@icab.org.bdmailto:drc@icab.org.bdhttp://www.icab.org.bd/http://www.icab.org.bd/mailto:icab@spnetctg.commailto:icab@spnetctg.commailto:icab@spnetctg.commailto:email@hahmed.co.ukmailto:email@hahmed.co.ukmailto:email@hahmed.co.ukmailto:email@hahmed.co.ukmailto:icab@spnetctg.comhttp://www.icab.org.bd/mailto:drc@icab.org.bd

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Fax: (416) 944 5828E-mail:shahed.sharfuddin@td.com,shahed.sharfuddin@yahoo.com

For any enquiry about Institute matters, please contact:

SecretaryThe Institute of Chartered Accountants of BangladeshChartered Accountant Bhaban100 Kazi Nazurl Islam Avenue

Dhaka-1215Bangladesh

Telephone: +880 2 9115340, 9117521, 9137847 (Off.)

+880 2 9336206 (Res)Fax: 880 2 8119399

E-mail:secretary@icab.org.bd

Web:www.icab.org.bd

Accounting in Bangladesh

From Wikipedia, the free encyclopediaJump to:navigation,search

InBangladesh, the profession ofaccountancydeveloped during the British colonial period.Today it is represented by two professional bodies, theInstitute of Cost & ManagementAccountants of Bangladesh(ICMAB) and theInstitute of Chartered Accountants of Bangladesh

(ICAB).

Chartered Accountants complete their training in practising firms and specialise in financialaccounting, financial audit and tax. CMAs receive particular training in cost audit, managementaudit and management accounting, as well as general accounting and taxation. Both the ICMABand ICAB are under the administrative control of the Ministry of Commerce. The Government ofBangladesh considers both type of professional accountants equal in respect of employment ingovernment services.[1]

TheGenerally Accepted Accounting Principles(GAAP) in Bangladesh are based upon standardsset by the ICAB, which has stated its intention to adoptInternational Financial Reporting

Standards. As of 2001, 23 such standards had already been adopted, and listed companies arerequired to use IFRS.[2]

mailto:shahed.sharfuddin@td.commailto:shahed.sharfuddin@td.commailto:shahed.sharfuddin@td.commailto:shahed.sharfuddin@yahoo.commailto:shahed.sharfuddin@yahoo.commailto:shahed.sharfuddin@yahoo.commailto:secretary@icab.org.bdmailto:secretary@icab.org.bdmailto:secretary@icab.org.bdhttp://www.icab.org.bd/http://www.icab.org.bd/http://en.wikipedia.org/wiki/Accounting_in_Bangladesh#mw-headhttp://en.wikipedia.org/wiki/Accounting_in_Bangladesh#mw-headhttp://en.wikipedia.org/wiki/Accounting_in_Bangladesh#mw-headhttp://en.wikipedia.org/wiki/Accounting_in_Bangladesh#p-searchhttp://en.wikipedia.org/wiki/Accounting_in_Bangladesh#p-searchhttp://en.wikipedia.org/wiki/Accounting_in_Bangladesh#p-searchhttp://en.wikipedia.org/wiki/Bangladeshhttp://en.wikipedia.org/wiki/Bangladeshhttp://en.wikipedia.org/wiki/Bangladeshhttp://en.wikipedia.org/wiki/Accountancyhttp://en.wikipedia.org/wiki/Accountancyhttp://en.wikipedia.org/wiki/Accountancyhttp://en.wikipedia.org/wiki/Institute_of_Cost_%26_Management_Accountants_of_Bangladeshhttp://en.wikipedia.org/wiki/Institute_of_Cost_%26_Management_Accountants_of_Bangladeshhttp://en.wikipedia.org/wiki/Institute_of_Cost_%26_Management_Accountants_of_Bangladeshhttp://en.wikipedia.org/wiki/Institute_of_Cost_%26_Management_Accountants_of_Bangladeshhttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_of_Bangladeshhttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_of_Bangladeshhttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_of_Bangladeshhttp://en.wikipedia.org/wiki/Accounting_in_Bangladesh#cite_note-1http://en.wikipedia.org/wiki/Accounting_in_Bangladesh#cite_note-1http://en.wikipedia.org/wiki/Accounting_in_Bangladesh#cite_note-1http://en.wikipedia.org/wiki/Generally_Accepted_Accounting_Principleshttp://en.wikipedia.org/wiki/Generally_Accepted_Accounting_Principleshttp://en.wikipedia.org/wiki/Generally_Accepted_Accounting_Principleshttp://en.wikipedia.org/wiki/International_Financial_Reporting_Standardshttp://en.wikipedia.org/wiki/International_Financial_Reporting_Standardshttp://en.wikipedia.org/wiki/International_Financial_Reporting_Standardshttp://en.wikipedia.org/wiki/International_Financial_Reporting_Standardshttp://en.wikipedia.org/wiki/Accounting_in_Bangladesh#cite_note-2http://en.wikipedia.org/wiki/Accounting_in_Bangladesh#cite_note-2http://en.wikipedia.org/wiki/Accounting_in_Bangladesh#cite_note-2http://en.wikipedia.org/wiki/Accounting_in_Bangladesh#cite_note-2http://en.wikipedia.org/wiki/International_Financial_Reporting_Standardshttp://en.wikipedia.org/wiki/International_Financial_Reporting_Standardshttp://en.wikipedia.org/wiki/Generally_Accepted_Accounting_Principleshttp://en.wikipedia.org/wiki/Accounting_in_Bangladesh#cite_note-1http://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_of_Bangladeshhttp://en.wikipedia.org/wiki/Institute_of_Cost_%26_Management_Accountants_of_Bangladeshhttp://en.wikipedia.org/wiki/Institute_of_Cost_%26_Management_Accountants_of_Bangladeshhttp://en.wikipedia.org/wiki/Accountancyhttp://en.wikipedia.org/wiki/Bangladeshhttp://en.wikipedia.org/wiki/Accounting_in_Bangladesh#p-searchhttp://en.wikipedia.org/wiki/Accounting_in_Bangladesh#mw-headhttp://www.icab.org.bd/mailto:secretary@icab.org.bdmailto:shahed.sharfuddin@yahoo.commailto:shahed.sharfuddin@td.com

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nstitute of Cost and Management

Accountants of Bangladesh

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adding citations to reliable sources. Unsourced material may bechallengedandremoved.

(December 2009)

Institute of Cost and Management

Accountants of Bangladesh

Established1951

Type Professional accountancy body

President Mr. Momtaz Uddin Ahmed. FCMA

Students >13,000

Location Dhaka,Bangladesh

CampusDhakaHead Office,DhakaCamp Office,

Chittagong,Khulna,Rajshahi,Comilla

Affiliations

International Federation of Accountantsand

International Accounting Standards Board

Website Official Website of ICMAB

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) atNilkhet,Dhaka,Bangladeshis the only institution in the country dedicated to Cost and Management

http://en.wikipedia.org/wiki/Institute_of_Cost_and_Management_Accountants_of_Bangladesh#mw-headhttp://en.wikipedia.org/wiki/Institute_of_Cost_and_Management_Accountants_of_Bangladesh#mw-headhttp://en.wikipedia.org/wiki/Institute_of_Cost_and_Management_Accountants_of_Bangladesh#mw-headhttp://en.wikipedia.org/wiki/Institute_of_Cost_and_Management_Accountants_of_Bangladesh#p-searchhttp://en.wikipedia.org/wiki/Institute_of_Cost_and_Management_Accountants_of_Bangladesh#p-searchhttp://en.wikipedia.org/wiki/Institute_of_Cost_and_Management_Accountants_of_Bangladesh#p-searchhttp://en.wikipedia.org/w/index.php?title=Institute_of_Cost_and_Management_Accountants_of_Bangladesh&action=edithttp://en.wikipedia.org/w/index.php?title=Institute_of_Cost_and_Management_Accountants_of_Bangladesh&action=edithttp://en.wikipedia.org/w/index.php?title=Institute_of_Cost_and_Management_Accountants_of_Bangladesh&action=edithttp://en.wikipedia.org/wiki/Help:Introduction_to_referencing/1http://en.wikipedia.org/wiki/Help:Introduction_to_referencing/1http://en.wikipedia.org/wiki/Template:Citation_neededhttp://en.wikipedia.org/wiki/Template:Citation_neededhttp://en.wikipedia.org/wiki/Template:Citation_neededhttp://en.wikipedia.org/wiki/Wikipedia:Verifiability#Burden_of_evidencehttp://en.wikipedia.org/wiki/Wikipedia:Verifiability#Burden_of_evidencehttp://en.wikipedia.org/wiki/Wikipedia:Verifiability#Burden_of_evidencehttp://en.wikipedia.org/wiki/Professional_associationhttp://en.wikipedia.org/wiki/University_presidenthttp://en.wikipedia.org/wiki/Dhakahttp://en.wikipedia.org/wiki/Dhakahttp://en.wikipedia.org/wiki/Bangladeshhttp://en.wikipedia.org/wiki/Bangladeshhttp://en.wikipedia.org/wiki/Dhakahttp://en.wikipedia.org/wiki/Dhakahttp://en.wikipedia.org/wiki/Dhakahttp://en.wikipedia.org/wiki/Dhakahttp://en.wikipedia.org/wiki/Dhakahttp://en.wikipedia.org/wiki/Chittagonghttp://en.wikipedia.org/wiki/Chittagonghttp://en.wikipedia.org/wiki/Khulnahttp://en.wikipedia.org/wiki/Khulnahttp://en.wikipedia.org/wiki/Khulnahttp://en.wikipedia.org/wiki/Rajshahihttp://en.wikipedia.org/wiki/Rajshahihttp://en.wikipedia.org/wiki/Rajshahihttp://en.wikipedia.org/wiki/Comillahttp://en.wikipedia.org/wiki/Comillahttp://en.wikipedia.org/wiki/Comillahttp://en.wikipedia.org/wiki/International_Federation_of_Accountantshttp://en.wikipedia.org/wiki/International_Federation_of_Accountantshttp://en.wikipedia.org/wiki/International_Accounting_Standards_Boardhttp://en.wikipedia.org/wiki/International_Accounting_Standards_Boardhttp://www.icmab.org.bd/http://en.wikipedia.org/wiki/Nilkhethttp://en.wikipedia.org/wiki/Nilkhethttp://en.wikipedia.org/wiki/Nilkhethttp://en.wikipedia.org/wiki/Dhakahttp://en.wikipedia.org/wiki/Dhakahttp://en.wikipedia.org/wiki/Bangladeshhttp://en.wikipedia.org/wiki/Bangladeshhttp://en.wikipedia.org/wiki/Bangladeshhttp://en.wikipedia.org/wiki/Bangladeshhttp://en.wikipedia.org/wiki/File:Icmab_logo.gifhttp://en.wikipedia.org/wiki/Bangladeshhttp://en.wikipedia.org/wiki/File:Icmab_logo.gifhttp://en.wikipedia.org/wiki/Bangladeshhttp://en.wikipedia.org/wiki/File:Icmab_logo.gifhttp://en.wikipedia.org/wiki/Bangladeshhttp://en.wikipedia.org/wiki/Dhakahttp://en.wikipedia.org/wiki/Nilkhethttp://www.icmab.org.bd/http://en.wikipedia.org/wiki/International_Accounting_Standards_Boardhttp://en.wikipedia.org/wiki/International_Federation_of_Accountantshttp://en.wikipedia.org/wiki/Comillahttp://en.wikipedia.org/wiki/Rajshahihttp://en.wikipedia.org/wiki/Khulnahttp://en.wikipedia.org/wiki/Chittagonghttp://en.wikipedia.org/wiki/Dhakahttp://en.wikipedia.org/wiki/Dhakahttp://en.wikipedia.org/wiki/Bangladeshhttp://en.wikipedia.org/wiki/Dhakahttp://en.wikipedia.org/wiki/University_presidenthttp://en.wikipedia.org/wiki/Professional_associationhttp://en.wikipedia.org/wiki/Wikipedia:Verifiability#Burden_of_evidencehttp://en.wikipedia.org/wiki/Template:Citation_neededhttp://en.wikipedia.org/wiki/Help:Introduction_to_referencing/1http://en.wikipedia.org/w/index.php?title=Institute_of_Cost_and_Management_Accountants_of_Bangladesh&action=edithttp://en.wikipedia.org/wiki/Institute_of_Cost_and_Management_Accountants_of_Bangladesh#p-searchhttp://en.wikipedia.org/wiki/Institute_of_Cost_and_Management_Accountants_of_Bangladesh#mw-head

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Accounting education and research. It is managed as an autonomous professional body under theMinistry of Commerce.[1]

As well as education, it is also engaged in regulating and promoting the profession of cost andmanagement accounting in Bangladesh. The Institute is managed by a National Council of 16

members. It is a member of theInternational Federation of Accountants(IFAC), Confederationof Asian and Pacific Accountants (CAPA), and South Asian Federation of Accountants(SAFA).[2]

ICMAB members are known as CMAs with their designatory title ACMA and FCMA. Theyplay leading roles in the accountancy and finance profession in Bangladesh. 30% of memberslive and work in UK, USA, Canada, Australia and Gulf Countries.ICMAB UK Chapteris alively forum for members working in the UK.[2]

Contents

1 Vision

2 Mission

3 Objectives

4 International association

5 Syllabus and training

6 National and international recognition

7 International chapters

8 References

Vision

Institutes vision is to help Bangladesh become an industrialized nation by promoting andregulating Cost and Management Accounting profession towards market economy to enhanceeconomic competitiveness and quality of life

Mission

The Institute mission is to enable them to provide better services to the society.The Institute isentrusted with the formulation and implementation of National Accounting as well as CostAccounting Standards and take other necessary steps with a view to regulating the Cost andManagement Accounting profession commensurate with global standard with the ultimateobjective of developing Bangladesh's human and natural resources to ensure common welfareand to enrich our shared future.

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Objectives

The major objectives of the Institute are to:

Regulate and develop the Cost and Management Accounting (CMA) profession in Bangladesh

Provide and confer the highest professional degree in Cost and Management Accounting Impart education and training to the members, corporate managers and intending students of

CMA for enhancing their capability in the fields of Cost and Management Accounting

Develop knowledge, skills and competence of the CMAs needed to support economic

development of the country and, thus, to prepare capable manpower needed for various

national and international development activities according to the requirements of the

millennium

Help development, adoption and implementation of International Financial Reporting Standards

(IFRS) in Bangladesh

Formulate, adopt and implement Cost Accounting and Auditing Standards (CAAS) in Bangladesh

and international arena.

Implement statutory Cost Audit as provided in the Companies Act, 1994

Conduct research in the field of Cost and Management Accounting in order to promote and

develop the profession to meet the requirement of the time.

[3]

International association

ICMAB is a member of the following international accounting bodies:

International Federation of Accountants(IFAC)

Confederation of Asia Pacific Accountants (CAPA)

[4]

South Asian Federation of Accountants (SAFA)

[5]

International Accounting Standard Board (IASB)[6]

Syllabus and training

ICMAB's syllabus and training is one of the toughest in Bangladesh which is updated regularlyto adapt with the changing business environment. A student required to complete 20 courses andan internship to qualify as a Cost & Management Accountant. The current syllabus includesPrinciples of Accounting, Business Communication and Office Management, QuantitativeTechniques (Business Mathematics & Statistics),Business Economics And International

Business,Intermediate Financial Accounting,Cost Accounting,Management And MarketingManagement,Information Technology,Advanced Financial Accounting-I,ManagementAccounting,Commercial & Industrial Laws, Taxation, Advanced Financial Accounting-II,Advanced Cost Accounting,Corporate Laws, Governance & Secretarial Practice,CorporateGovernance & Secretarial Practice,Auditing,Financial Management, Strategic ManagementAccounting,Strategic Management and Organizational Behavior,Cost & Management Auditingand Internship.

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National and international recognition

The ICMAB qualification is recognised by many professional bodies nationally andinternationally. The bodies that have granted exemption to ICMAB members or qualifiedstudents are:

Chartered Institute of Management Accountants(CIMA), UK

Association of Chartered Certified Accountants(ACCA), UK

Institute of Management Accountants(IMA), USA

Society of Management Accountants of Canada(CMA Canada)

Certified General Accountants Association of Canada(CGA-Canada)

Institute of Certified Financial Consultants(IFC), USA & Canada

Institute of Certified Project Accountants(ACPA) , USA

Institute of Public Accountants(IPA), Australia

Institute of Chartered Accountants of Bangladesh(ICAB)

==Publications== The Institute publishes a bi-monthly journal Cost and Managementand abi-monthly newsletter. Various regional chapters e.g. Dhaka and Chittagong also produce regularnewsletters.

Financial Accounting Standards

Accounting standards are needed so that financial statements will fairly and consistentlydescribe financial performance. Without standards, users of financial statements wouldneed to learn the accounting rules of each company, and comparisons betweencompanies would be difficult.

Accounting standards used today are referred to as Generally Accepted AccountingPrinciples (GAAP). These principles are "generally accepted" because an authoritativebody has set them or the accounting profession widely accepts them as appropriate.

Securities and Exchange Commission (SEC)

The Securities and Exchange Commission is a U.S. regulatory agency that has theauthority to establish accounting standards for publicly traded companies. TheSecurities Act of 1933 and the Securities Exchange Act of 1934 require certain reports

to be filed with the SEC. For example, Forms 10-Q and 10-K must be filed quarterly andannually, respectively. The head of the SEC is appointed by the President of the UnitedStates.

When the SEC was formed there was no standards-issuing body. However, rather thanset standards, the SEC encouraged the private sector to set them. The SEC has statedthat FASB standards are considered to have authoritative support.

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Committee on Accounting Procedure (CAP)

In 1939, encouraged by the SEC, the American Institute of Certified Public Accountants(AICPA) formed the Committee on Accounting Procedure (CAP). From 1939 to 1959,

CAP issued 51 Accounting Research Bulletins that dealt with issues as they arose. CAPhad only limited success because it did not develop an overall accounting framework,but rather, acted upon specific problems as they arose.

Accounting Principles Board (APB)

In 1959, the AICPA replaced CAP with the Accounting Principles Board (APB), whichissued 31 opinions and 4 statements until it was dissolved in 1973. GAAP essentiallyarose from the opinions of the APB.

The APB was criticized for its structure and for several of its positions on controversialtopics. In 1971 the Wheat Committee (chaired by Francis Wheat) was formed toevaluate the APB and propose changes.

Financial Accounting Standards Board (FASB)

The Wheat Committee recommended the replacement of the Accounting PrinciplesBoard with a new standards-setting structure. This new structure was implemented in1973 and was made up of three organizations:

Financial Accounting Foundation (FAF) Financial Accounting Standards Board (FASB) Financial Accounting Standards Advisory Council (FASAC).

Of these organizations, FASB (pronounced "FAS-B") is the primary operatingorganization.

Unlike the APB, FASB was designed to be an independent board comprised ofmembers who have severed their ties with their employers and private firms. FASBissues statements of financial accounting standards, which define GAAP. The AICPA

issues audit guides. When a conflict occurs, FASB rules.

International Accounting Standards Committee (IASC)

The International Accounting Standards Committee (IASC) was formed in 1973 toencourage international cooperation in developing consistent worldwide accounting

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principles. In 2001, the IASC was succeeded by the International Accounting StandardsBoard (IASB), an independent private sector body that is structured similar to FASB.

Governmental Accounting Standards Board (GASB)

The financial reports of state and local goverment entities are not directly comparable tothose of businesses. In 1984, the Governmental Accounting Standards Board (GASB)was formed to set standards for the financial reports of state and local government.GASB was modeled after FASB.

http://www.quickmba.com/marketing/]

The International Accounting Standards Board (IASB) is the independent,accountingstandard-setting body of theIFRS Foundation.[1]

The IASB was founded on April 1, 2001 as the successor to theInternational AccountingStandards Committee(IASC). It is responsible for developingInternational Financial ReportingStandards(the new name forInternational Accounting Standardsissued after 2001), andpromoting the use and application of these standards.

Contents

1 Foundation

2 Members

o 2.1 Chairmen 3 Due process

4 Funding

5 See also

6 References

7 External links

Foundation

On January 25, 2001, the International Accounting Standards Foundation (IASF) was

incorporated as a tax-exempt organization in theUS stateofDelaware.[2]

On February 6, 2001,theInternational Financial Reporting Standards Foundationwas also incorporated as a tax-exempt organization in Delaware.[3]The IFRS Foundation is the parent entity of the InternationalAccounting Standards Board (IASB), an independent accounting standard-setter based inLondon, England.[4]

On 1 March 2001, the IASB assumed accounting standard-setting responsibilities from itspredecessor body, theInternational Accounting Standards Committee(IASC). This was the

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a.org/wiki/International_Accounting_Standardshttp://en.wikipedia.org/wiki/International_Financial_Reporting_Standardshttp://en.wikipedia.org/wiki/International_Financial_Reporting_Standardshttp://en.wikipedia.org/wiki/International_Accounting_Standards_Committeehttp://en.wikipedia.org/wiki/International_Accounting_Standards_Committeehttp://en.wikipedia.org/wiki/International_Accounting_Standards_Board#cite_note-about-1http://en.wikipedia.org/wiki/IFRS_Foundationhttp://en.wikipedia.org/wiki/Accounting_standardhttp://en.wikipedia.org/wiki/Accounting_standardhttp://www.quickmba.com/marketing/

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culmination of a restructuring based on the recommendations of the reportRecommendations onShaping IASC for the Future.

The IASB structure has the following main features: the IFRS Foundation is an independentorganization having two main bodies, the Trustees and the IASB, as well as a IFRS Advisory

Council and the IFRS Interpretations Committee (formerly the IFRIC). The IASC FoundationTrustees appoint the IASB members, exercise oversight and raise the funds needed, but the IASBhas responsibility for settingInternational Financial Reporting Standards(internationalaccounting standards).

Members

The IASB has 14 Board members (12 are full time members and 2 are part time) each with onevote. They are selected as a group of experts with a mix of experience of standard-setting,preparing and using accounts, and academic work.[5]At their January 2009 meeting the Trusteesof the Foundation concluded the first part of the second Constitution Review, announcing the

creation of a Monitoring Board and the expansion of the IASB to 16 members and giving moreconsideration to the geographical composition of the IASB.

The IFRS Interpretations Committee has 14 members. Its brief is to provide timely guidance onissues that arise in practice.[1]

A unanimous vote is not necessary in order for the publication of a Standard, exposure draft, orfinal "IFRIC" Interpretation. The Board's 2008 Due Process manual stated that approval by nineof the members is required.[6]

The members (as of July 2011) are:[5]

Hans Hoogervorst(Chairman), Netherlands, formerMinister of Health,Minister of Finance

Ian Mackintosh(Vice-chairman), New Zealand, formerCoopers & Lybrand, Chief Accountant

Australian Securities and Investments Commission

Stephen Cooper, UK,UBSInvestment Research

Phillipe Danjou, France, formerArthur Andersen,AMF(Financial Markets Authority of France)

International Accounting Standards Committee was founded in June 1973 inLondonandreplaced by theInternational Accounting Standards Boardon April 1, 2001. It was responsiblefor developing theInternational Accounting Standardsand promoting the use and application ofthese standards.

The IASC was founded as a result of an agreement between accountancy bodies in the followingcountries[1]:

Australia(Institute of Chartered Accountants in Australia(ICAA) and theCPA Australia(formerly

known as Australian Society of Certified Practising Accountants (ASCPA))

Canada(Canadian Institute of Chartered Accountants(CICA))

http://en.wikipedia.org/wiki/International_Financial_Reporting_Standardshttp://en.wikipedia.org/wiki/International_Financial_Reporting_Standardshttp://en.wikipedia.org/wiki/International_Financial_Reporting_Standardshttp://en.wikipedia.org/wiki/International_Accounting_Standards_Board#cite_note-members-5http://en.wikipedia.org/wiki/International_Accounting_Standards_Board#cite_note-members-5http://en.wikipedia.org/wiki/International_Accounting_Standards_Board#cite_note-members-5http://en.wikipedia.org/wiki/International_Accounting_Standards_Board#cite_note-about-1http://en.wikipedia.org/wiki/International_Accounting_Standards_Board#cite_note-about-1http://en.wikipedia.org/wiki/International_Accounting_Standards_Board#cite_note-about-1http://en.wikipedia.org/wiki/International_Accounting_Standards_Board#cite_note-dueprocess-6http://en.wikipedia.org/wiki/International_Accounting_Standards_Board#cite_note-dueprocess-6http://en.wikipedia.org/wiki/International_Accounting_Standards_Board#cite_note-dueprocess-6http://en.wikipedia.org/wiki/International_Accounting_Standards_Board#cite_note-members-5http://en.wikipedia.org/wiki/International_Accounting_Standards_Board#cite_note-members-5http://en.wikipedia.org/wiki/International_Accounting_Standards_Board#cite_note-members-5http://en.wikipedia.org/wiki/Hans_Hoogervorsthttp://en.wikipedia.org/wiki/Hans_Hoogervorsthttp://en.wikipedia.org/wiki/Ministry_of_Health,_Welfare_and_Sport_%28Netherlands%29http://en.wikipedia.org/wiki/Ministry_of_Health,_Welfare_and_Sport_%28Netherlands%29http://en.wikipedia.org/wiki/Ministry_of_Health,_Welfare_and_Sport_%28Netherlands%29http://en.wikipedia.org/wiki/Ministry_of_Finance_%28Netherlands%29http://en.wikipedia.org/wiki/Ministry_of_Finance_%28Netherlands%29http://en.wikipedia.org/wiki/Ministry_of_Finance_%28Netherlands%29http://en.wikipedia.org/w/index.php?title=Ian_Mackintosh_%28accountant%29&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Ian_Mackintosh_%28accountant%29&action=edit&redlink=1http://en.wikipedia.org/wiki/Coopers_%26_Lybrandhttp://en.wikipedia.org/wiki/Coopers_%26_Lybrandhttp://en.wikipedia.org/wiki/Coopers_%26_Lybrandhttp://en.wikipedia.org/wiki/Australian_Securities_and_Investments_Commissionhttp://en.wikipedia.org/wiki/Australian_Securities_and_Investments_Commissionhttp://en.wikipedia.org/w/index.php?title=Stephen_Cooper_%28international_accounting_standards%29&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Stephen_Cooper_%28international_accounting_standards%29&action=edit&redlink=1http://en.wikipedia.org/wiki/UBShttp://en.wikipedia.org/wiki/UBShttp://en.wikipedia.org/wiki/UBShttp://en.wikipedia.org/w/index.php?title=Phillipe_Danjou&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Phillipe_Danjou&action=edit&redlink=1http://en.wikipedia.org/wiki/Arthur_Andersenhttp://en.wikipedia.org/wiki/Arthur_Andersenhttp://en.wikipedia.org/wiki/Arthur_Andersenhttp://en.wikipedia.org/wiki/Autorit%C3%A9_des_march%C3%A9s_financiers_%28France%29http://en.wikipedia.org/wiki/Autorit%C3%A9_des_march%C3%A9s_financiers_%28France%29http://en.wikipedia.org/wiki/Autorit%C3%A9_des_march%C3%A9s_financiers_%28France%29http://en.wikipedia.org/wiki/Londonhttp://en.wikipedia.org/wiki/Londonhttp://en.wikipedia.org/wiki/Londonhttp://en.wikipedia.org/wiki/International_Accounting_Standards_Boardhttp://en.wikipedia.org/wiki/International_Accounting_Standards_Boardhttp://en.wikipedia.org/wiki/International_Accounting_Standards_Boardhttp://en.wikipedia.org/wiki/International_Accounting_Standardshttp://en.wikipedia.org/wiki/International_Accounting_Standardshttp://en.wikipedia.org/wiki/International_Accounting_Standardshttp://en.wikipedia.org/wiki/International_Accounting_Standards_Committee#cite_note-1http://en.wikipedia.org/wiki/International_Accounting_Standards_Committee#cite_note-1http://en.wikipedia.org/wiki/International_Accounting_Standards_Committee#cite_note-1http://en.wikipedia.org/wiki/Australiahttp://en.wikipedia.org/wiki/Australiahttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_in_Australiahttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_in_Australiahttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_in_Australiahttp://en.wikipedia.org/wiki/CPA_Australiahttp://en.wikipedia.org/wiki/CPA_Australiahttp://en.wikipedia.org/wiki/CPA_Australiahttp://en.wikipedia.org/wiki/Canadahttp://en.wikipedia.org/wiki/Canadahttp://en.wikipedia.org/wiki/Canadian_Institute_of_Chartered_Accountantshttp://en.wikipedia.org/wiki/Canadian_Institute_of_Chartered_Accountantshttp://en.wikipedia.org/wiki/Canadian_Institute_of_Chartered_Accountantshttp://en.wikipedia.org/wiki/Canadian_Institute_of_Chartered_Accountantshttp://en.wikipedia.org/wiki/Canadahttp://en.wikipedia.org/wiki/CPA_Australiahttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_in_Australiahttp://en.wikipedia.org/wiki/Australiahttp://en.wikipedia.org/wiki/International_Accounting_Standards_Committee#cite_note-1http://en.wikipedia.org/wiki/International_Accounting_Standardshttp://en.wikipedia.org/wiki/International_Accounting_Standards_Boardhttp://en.wikipedia.org/wiki/Londonhttp://en.wikipedia.org/wiki/Autorit%C3%A9_des_march%C3%A9s_financiers_%28France%29http://en.wikipedia.org/wiki/Arthur_Andersenhttp://en.wikipedia.org/w/index.php?title=Phillipe_Danjou&action=edit&redlink=1http://en.wikipedia.org/wiki/UBShttp://en.wikipedia.org/w/index.php?title=Stephen_Cooper_%28international_accounting_standards%29&action=edit&redlink=1http://en.wikipedia.org/wiki/Australian_Securities_and_Investments_Commissionhttp://en.wikipedia.org/wiki/Coopers_%26_Lybrandhttp://en.wikipedia.org/w/index.php?title=Ian_Mackintosh_%28accountant%29&action=edit&redlink=1http://en.wikipedia.org/wiki/Ministry_of_Finance_%28Netherlands%29http://en.wikipedia.org/wiki/Ministry_of_Health,_Welfare_and_Sport_%28Netherlands%29http://en.wikipedia.org/wiki/Hans_Hoogervorsthttp://en.wikipedia.org/wiki/International_Accounting_Standards_Board#cite_note-members-5http://en.wikipedia.org/wiki/International_Accounting_Standards_Board#cite_note-dueprocess-6http://en.wikipedia.org/wiki/International_Accounting_Standards_Board#cite_note-about-1http://en.wikipedia.org/wiki/International_Accounting_Standards_Board#cite_note-members-5http://en.wikipedia.org/wiki/International_Financial_Reporting_Standards

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France(Ordre des Experts Comptable et des Comptables Agrees(Order of Accounting Experts

and Qualified Accountants))

Germany(Institut der Wirtschaftsprfer in Deutschland(IDW) (Institute of Auditors in Germany)

and the Wirtschaftsprferkammer (WPK) (Chamber of Auditors))

JapanNihon Kouninkaikeishi Kyoukai (Japanese Institute of Certified Public Accountants, JICPA))

Mexico(Instituto Mexicano de Contadores Publicos(IMCP) (Mexican Institute of Public

Accountants)) (removed from the board in 1987 due to non-payment of dues; resumed in 1995).

the Netherlands(Nederlands Instituut van Registeraccountants(NIVRA) (Netherlands Institute

of Registered Auditors))

the United KingdomandIreland(counted as one) (Institute of Chartered Accountants in England

and Wales(ICAEW),Institute of Chartered Accountants of Scotland(ICAS),Institute of Chartered

Accountants in Ireland(ICAI),Association of Chartered Certified Accountants(ACCA),Chartered

Institute of Management Accountants(CIMA), and theChartered Institute of Public Finance and

Accountancy(CIPFA)

the United States of America(American Institute of Certified Public Accountants(AICPA))

Accounting in Bangladesh

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InBangladesh, the profession ofaccountancydeveloped during the British colonial period.Today it is represented by two professional bodies, theInstitute of Cost & ManagementAccountants of Bangladesh(ICMAB) and theInstitute of Chartered Accountants of Bangladesh(ICAB).

Chartered Accountants complete their training in practising firms and specialise in financial

accounting, financial audit and tax. CMAs receive particular training in cost audit, managementaudit and management accounting, as well as general accounting and taxation. Both the ICMABand ICAB are under the administrative control of the Ministry of Commerce. The Government ofBangladesh considers both type of professional accountants equal in respect of employment ingovernment services.[1]

TheGenerally Accepted Accounting Principles(GAAP) in Bangladesh are based upon standardsset by the ICAB, which has stated its intention to adoptInternational Financial Reporting

http://en.wikipedia.org/wiki/Francehttp://en.wikipedia.org/wiki/Francehttp://en.wikipedia.org/wiki/Ordre_des_Experts_Comptable_et_des_Comptables_Agreeshttp://en.wikipedia.org/wiki/Ordre_des_Experts_Comptable_et_des_Comptables_Agreeshttp://en.wikipedia.org/wiki/Ordre_des_Experts_Comptable_et_des_Comptables_Agreeshttp://en.wikipedia.org/wiki/Germanyhttp://en.wikipedia.org/wiki/Germanyhttp://en.wikipedia.org/wiki/Institut_der_Wirtschaftspr%C3%BCfer_in_Deutschlandhttp://en.wikipedia.org/wiki/Institut_der_Wirtschaftspr%C3%BCfer_in_Deutschlandhttp://en.wikipedia.org/wiki/Institut_der_Wirtschaftspr%C3%BCfer_in_Deutschlandhttp://en.wikipedia.org/wiki/Japanhttp://en.wikipedia.org/wiki/Japanhttp://en.wikipedia.org/wiki/Japanese_Institute_of_Certified_Public_Accountantshttp://en.wikipedia.org/wiki/Japanese_Institute_of_Certified_Public_Accountantshttp://en.wikipedia.org/wiki/Japanese_Institute_of_Certified_Public_Accountantshttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/w/index.php?title=Instituto_Mexicano_de_Contadores_Publicos&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Instituto_Mexicano_de_Contadores_Publicos&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Instituto_Mexicano_de_Contadores_Publicos&action=edit&redlink=1http://en.wikipedia.org/wiki/Netherlandshttp://en.wikipedia.org/wiki/Netherlandshttp://en.wikipedia.org/w/index.php?title=Nederlands_Instituut_van_Registeraccountants&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Nederlands_Instituut_van_Registeraccountants&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Nederlands_Instituut_van_Registeraccountants&action=edit&redlink=1http://en.wikipedia.org/wiki/United_Kingdomhttp://en.wikipedia.org/wiki/United_Kingdomhttp://en.wikipedia.org/wiki/Republic_of_Irelandhttp://en.wikipedia.org/wiki/Republic_of_Irelandhttp://en.wikipedia.org/wiki/Republic_of_Irelandhttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_in_England_and_Waleshttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_in_England_and_Waleshttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_in_England_and_Waleshttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_in_England_and_Waleshttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_of_Scotlandhttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_of_Scotlandhttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_of_Scotlandhttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_in_Irelandhttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_in_Irelandhttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_in_Irelandhttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_in_Irelandhttp://en.wikipedia.org/wiki/Association_of_Chartered_Certified_Accountantshttp://en.wikipedia.org/wiki/Association_of_Chartered_Certified_Accountantshttp://en.wikipedia.org/wiki/Association_of_Chartered_Certified_Accountantshttp://en.wikipedia.org/wiki/Chartered_Institute_of_Management_Accountantshttp://en.wikipedia.org/wiki/Chartered_Institute_of_Management_Accountantshttp://en.wikipedia.org/wiki/Chartered_Institute_of_Management_Accountantshttp://en.wikipedia.org/wiki/Chartered_Institute_of_Management_Accountantshttp://en.wikipedia.org/wiki/Chartered_Institute_of_Public_Finance_and_Accountancyhttp://en.wikipedia.org/wiki/Chartered_Institute_of_Public_Finance_and_Accountancyhttp://en.wikipedia.org/wiki/Chartered_Institute_of_Public_Finance_and_Accountancyhttp://en.wikipedia.org/wiki/Chartered_Institute_of_Public_Finance_and_Accountancyhttp://en.wikipedia.org/wiki/United_Stateshttp://en.wikipedia.org/wiki/United_Stateshttp://en.wikipedia.org/wiki/American_Institute_of_Certified_Public_Accountantshttp://en.wikipedia.org/wiki/American_Institute_of_Certified_Public_Accountantshttp://en.wikipedia.org/wiki/American_Institute_of_Certified_Public_Accountantshttp://en.wikipedia.org/w/index.php?title=Accountancy_profession_in_Bangladesh&redirect=nohttp://en.wikipedia.org/w/index.php?title=Accountancy_profession_in_Bangladesh&redirect=nohttp://en.wikipedia.org/w/index.php?title=Accountancy_profession_in_Bangladesh&redirect=nohttp://en.wikipedia.org/wiki/Accountancy_profession_in_Bangladesh#mw-headhttp://en.wikipedia.org/wiki/Accountancy_profession_in_Bangladesh#mw-headhttp://en.wikipedia.org/wiki/Accountancy_profession_in_Bangladesh#mw-headhttp://en.wikipedia.org/wiki/Accountancy_profession_in_Bangladesh#p-searchhttp://en.wikipedia.org/wiki/Accountancy_profession_in_Bangladesh#p-searchhttp://en.wikipedia.org/wiki/Accountancy_profession_in_Bangladesh#p-searchhttp://en.wikipedia.org/wiki/Bangladeshhttp://en.wikipedia.org/wiki/Bangladeshhttp://en.wikipedia.org/wiki/Bangladeshhttp://en.wikipedia.org/wiki/Accountancyhttp://en.wikipedia.org/wiki/Accountancyhttp://en.wikipedia.org/wiki/Accountancyhttp://en.wikipedia.org/wiki/Institute_of_Cost_%26_Management_Accountants_of_Bangladeshhttp://en.wikipedia.org/wiki/Institute_of_Cost_%26_Management_Accountants_of_Bangladeshhttp://en.wikipedia.org/wiki/Institute_of_Cost_%26_Management_Accountants_of_Bangladeshhttp://en.wikipedia.org/wiki/Institute_of_Cost_%26_Management_Accountants_of_Bangladeshhttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_of_Bangladeshhttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_of_Bangladeshhttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_of_Bangladeshhttp://en.wikipedia.org/wiki/Accountancy_profession_in_Bangladesh#cite_note-1http://en.wikipedia.org/wiki/Accountancy_profession_in_Bangladesh#cite_note-1http://en.wikipedia.org/wiki/Accountancy_profession_in_Bangladesh#cite_note-1http://en.wikipedia.org/wiki/Generally_Accepted_Accounting_Principleshttp://en.wikipedia.org/wiki/Generally_Accepted_Accounting_Principleshttp://en.wikipedia.org/wiki/Generally_Accepted_Accounting_Principleshttp://en.wikipedia.org/wiki/International_Financial_Reporting_Standardshttp://en.wikipedia.org/wiki/International_Financial_Reporting_Standardshttp://en.wikipedia.org/wiki/International_Financial_Reporting_Standardshttp://en.wikipedia.org/wiki/Generally_Accepted_Accounting_Principleshttp://en.wikipedia.org/wiki/Accountancy_profession_in_Bangladesh#cite_note-1http://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_of_Bangladeshhttp://en.wikipedia.org/wiki/Institute_of_Cost_%26_Management_Accountants_of_Bangladeshhttp://en.wikipedia.org/wiki/Institute_of_Cost_%26_Management_Accountants_of_Bangladeshhttp://en.wikipedia.org/wiki/Accountancyhttp://en.wikipedia.org/wiki/Bangladeshhttp://en.wikipedia.org/wiki/Accountancy_profession_in_Bangladesh#p-searchhttp://en.wikipedia.org/wiki/Accountancy_profession_in_Bangladesh#mw-headhttp://en.wikipedia.org/w/index.php?title=Accountancy_profession_in_Bangladesh&redirect=nohttp://en.wikipedia.org/wiki/American_Institute_of_Certified_Public_Accountantshttp://en.wikipedia.org/wiki/United_Stateshttp://en.wikipedia.org/wiki/Chartered_Institute_of_Public_Finance_and_Accountancyhttp://en.wikipedia.org/wiki/Chartered_Institute_of_Public_Finance_and_Accountancyhttp://en.wikipedia.org/wiki/Chartered_Institute_of_Management_Accountantshttp://en.wikipedia.org/wiki/Chartered_Institute_of_Management_Accountantshttp://en.wikipedia.org/wiki/Association_of_Chartered_Certified_Accountantshttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_in_Irelandhttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_in_Irelandhttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_of_Scotlandhttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_in_England_and_Waleshttp://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_in_England_and_Waleshttp://en.wikipedia.org/wiki/Republic_of_Irelandhttp://en.wikipedia.org/wiki/United_Kingdomhttp://en.wikipedia.org/w/index.php?title=Nederlands_Instituut_van_Registeraccountants&action=edit&redlink=1http://en.wikipedia.org/wiki/Netherlandshttp://en.wikipedia.org/w/index.php?title=Instituto_Mexicano_de_Contadores_Publicos&action=edit&redlink=1http://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Japanese_Institute_of_Certified_Public_Accountantshttp://en.wikipedia.org/wiki/Japanhttp://en.wikipedia.org/wiki/Institut_der_Wirtschaftspr%C3%BCfer_in_Deutschlandhttp://en.wikipedia.org/wiki/Germanyhttp://en.wikipedia.org/wiki/Ordre_des_Experts_Comptable_et_des_Comptables_Agreeshttp://en.wikipedia.org/wiki/France

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Standards. As of 2001, 23 such standards had already been adopted, and listed companies arerequired to use IFRS.[2]

association of certified public accountants { acpa{

Special Offer!

Learn the History of the AAA

For a limited time, the AAA is offering two landmark works,documenting the history of the American Accounting Association, at avery special price! The offering includesAmerican AccountingAssociation, Its First 50 Years19161966, by Stephen A. Zeff(reprinted in 1991), and The Third-Quarter Century of the American

Accounting Association

1966

1991, by Dale L. Flesher (published 1991).

Previously available to members and non-members at a cost of $10 each, the set of both volumescan now be purchased for $12 (including library rate shipping).

American Accounting Association, I ts First 50 Years19161966By Stephen A. Zeff.An excerpt from "The Setting:"

"The first two decades of the twentieth century were a formative period for accounting in theUnited States: three of today's four major national accounting organizations were founded; an

accounting literature sprouted and grew; and most important, accounting education had its truebeginnings."

The Third-Quarter Century of the American Accounting Association19661991By Dale L. Flesher.An excerpt from the Preface:

"The completion of this work coincides with the 75th anniversary of the American AccountingAssociationthe premiere organization in the world for accounting educators. This volume isintended as an extension of the 50th anniversary history published in 1966, and thus does notoverlap any material found in the earlier history."

http://en.wikipedia.org/wiki/International_Financial_Reporting_Standardshttp://en.wikipedia.org/wiki/International_Financial_Reporting_Standardshttp://en.wikipedia.org/wiki/Accountancy_profession_in_Bangladesh#cite_note-2http://en.wikipedia.org/wiki/Accountancy_profession_in_Bangladesh#cite_note-2http://en.wikipedia.org/wiki/Accountancy_profession_in_Bangladesh#cite_note-2http://en.wikipedia.org/wiki/Accountancy_profession_in_Bangladesh#cite_note-2http://en.wikipedia.org/wiki/International_Financial_Reporting_Standards

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5717 Bessie Drive

Sarasota, FL 34233-2399

Phone: (941) 921-7747

Fax: (941) 923-4093

Email:info@aaahq.org

The American Accounting Association promotes worldwide excellence in accounting education,research and practice. Founded in 1916 as the American Association of University Instructors inAccounting, its present name was adopted in 1936. The Association is a voluntary organizationof persons interested in accounting education and research.

There are three Accounting Professional institute in Bangladesh ICAB, ICMA and AAT in Bangladesh (on

test)

You are here:Home ICAB

ICAB

Published by on May 14, 2012 |1 Response

The Institute of Chartered Accountants of Bangladesh (ICAB) is the National ProfessionalAccounting Body of Bangladesh established under the Bangladesh Chartered Accountants Order1973 (Presidential Order No. 2 of 1973). The Ministry of Commerce, Government of thePeoples Republic of Bangladesh is the administrative Ministry of ICAB. The mission of ICABis to provide leadership in the development, enhancement and coordination of the AccountancyProfession in Bangladesh in order to enable the profession to provide services of consistentlyhigh quality in the public interest. It is a member ofThe International Federation of Accountants(IFAC), The International Accounting Standards Board (IASB),The Confederation of Asian andPacific Accountants (CAPA)andThe South Asian Federation of Accountants (SAFA). ICMABmembers are known as CAs with their designatory title ACA and FCA. They performmanagement consultant and professional services involving auditing or verification of financialtransactions, books, accounts or records, or preparation, verification or certification of financial,accounting and related statements.

You are here:Home CAPA

CAPA

Published by on December 12, 2011 |1 Response

mailto:info@aaahq.orgmailto:info@aaahq.orgmailto:info@aaahq.orghttp://nooroon.com/http://nooroon.com/http://nooroon.com/http://nooroon.com/icab/http://nooroon.com/icab/#commentshttp://nooroon.com/icab/#commentshttp://nooroon.com/icab/#commentshttp://nooroon.com/ifac/http://nooroon.com/ifac/http://nooroon.com/ifac/http://nooroon.com/ifac/http://nooroon.com/confederation-of-asian-and-pacific-accountants-capa/http://nooroon.com/confederation-of-asian-and-pacific-accountants-capa/http://nooroon.com/confederation-of-asian-and-pacific-accountants-capa/http://nooroon.com/confederation-of-asian-and-pacific-accountants-capa/http://nooroon.com/safa/http://nooroon.com/safa/http://nooroon.com/safa/http://nooroon.com/http://nooroon.com/http://nooroon.com/http://nooroon.com/confederation-of-asian-and-pacific-accountants-capa/http://nooroon.com/confederation-of-asian-and-pacific-accountants-capa/http://nooroon.com/confederation-of-asian-and-pacific-accountants-capa/#commentshttp://nooroon.com/confederation-of-asian-and-pacific-accountants-capa/#commentshttp://nooroon.com/confederation-of-asian-and-pacific-accountants-capa/#commentshttp://nooroon.com/confederation-of-asian-and-pacific-accountants-capa/#commentshttp://nooroon.com/confederation-of-asian-and-pacific-accountants-capa/http://nooroon.com/http://nooroon.com/safa/http://nooroon.com/confederation-of-asian-and-pacific-accountants-capa/http://nooroon.com/confederation-of-asian-and-pacific-accountants-capa/http://nooroon.com/ifac/http://nooroon.com/ifac/http://nooroon.com/icab/#commentshttp://nooroon.com/icab/http://nooroon.com/mailto:info@aaahq.org

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The Confederation of Asian and Pacific Accountants (CAPA) represent national accountancyorganization in the Asia-Pacific region. Today, CAPA has a membership of 34 accountancyorganizations in 24 jurisdictions. CAPA is by far the largest regional accountancy organizationand its geographical area spans half the globe!

The idea of CAPA was conceived at the First East Conference of Accountants that was held fromNovember 28 to December 1, 1957 in Manila, Philippines. However, it was only in 1976 that theConfederation of Asian and Pacific Accountants was formerly established.

CAPAs mission is to provide leadership in the development, enhancement and coordination ofthe accounting profession in the Asia-Pacific region. To enable the profession to provide servicesof consistently high quality in the public interest. To achieve this mission, CAPA has acommitment to assist the accounting profession in emerging countries in the Asia-Pacific region.

CAPA region which spans from Canada in the east to Pakistan in the west have diverseeconomies of varying levels of maturity. The diverse resources and skills of these members are a

unique strength of CAPA, which is used to benefit all its members. CAPA also has an importantrole to establish better communication and understanding amongst members in order toencourage greater cross border activities in the accounting and business arena.

CAPA also aims to enhance the accountancy standards and development of the profession bypromoting harmonisation through the adoption of IF AC and IASC standards.

Website:www.capa.com.my

shareshareshareshare

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Road to Accounting Profession

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Accounting Body

International Accounting Standards (IAS)

Published by on May 22, 2012 |Leave a response

International Accounting Standards has developed a set of standards for recognising andmeasuring financial assets, financial liabilities and some contracts to buy or sell non-financialitem. From 1973 to 2000, international accounting standards (IAS) were issued by the Board ofthe International Accounting Standards Committee (IASC). IAS has developed 39 principles forstating how particular types of transactions and other eventsRead more

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ICAB

Published by on May 14, 2012 |1 Response

The Institute of Chartered Accountants of Bangladesh (ICAB) is the National ProfessionalAccounting Body of Bangladesh established under the Bangladesh Chartered Accountants Order1973 (Presidential Order No. 2 of 1973). The Ministry of Commerce, Government of thePeoples Republic of Bangladesh is the administrative Ministry of ICAB.

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GAAPPublished by on February 28, 2012 |1 Response

GAAP are the foundation, and ground rules of accounting practice. GAAP are followed byaccountants all over the world. Definition of GAAP: The accounting profession has developed acommon set of standards that are generally accepted and universally practiced. This common setof standards is called generally accepted accounting principles (GAAP).

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IFACPublished by on February 20, 2012 |Leave a response

IFAC stand for International Federation of Accountants which is a global organization for theaccountancy professional. The International Federation of Accountants was founded on October7, 1977 in Munich, Germany at the 11th World Congress of Accountants. The organziationsheadquarters have been based in New York City since its founding. Sixty-three professionalaccountancy bodies from 51 countries were signatories ofRead more

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SAFA

Published by on February 20, 2012 |Leave a response

South Asian Federation of Accountants (SAFA) was formed in the year 1984 to serve theaccountancy profession in the South Asian Region anduphold its eminence in the world ofaccountancy. SAFA is an Apex Body of the South Asian Association of Regional Co-operation(SAARC) and a Regional Grouping of International Federation of Accountants (IFAC). SAFA

represents over 170000 accountants havingRead more

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CIMA

Published by on February 20, 2012 |Leave a response

The Chartered Institute of Management Accountants (CIMA) is a United Kingdom basedprofessional body offering training and qualification in management accountancy and relatedsubjects, focused on accounting for business; together with ongoing support for members.

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ICWAI

Published by on February 20, 2012 |Leave a response

The Institute of Cost and Works Accountants of India (ICWAI) is a statutory Professional bodyestablished on May 28, 1959 under the Cost and Works Accountants Act, 1959 (Act No.23rd of1959) enacted by the Parliament of India to regulate the profession of Cost and ManagementAccountancy in India over the years, the ICWAI has emerged as a leadingprofessional Readmore

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CAPAPublished by on December 12, 2011 |1 Response

The Confederation of Asian and Pacific Accountants (CAPA) represent national accountancyorganization in the Asia-Pacific region. Today, CAPA has a membership of 34 accountancyorganizations in 24 jurisdictions. CAPA is by far the largest regional accountancy organizationand its geographical area spans half the globe!

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CPA

Published by on November 13, 2011 |Leave a response

Certified Public Accountant (CPA) is the statutory title of qualified accountants in the UnitedStates who have passed the Uniform Certified Public Accountant Examination and have not metadditional state education and experience requirement for certification-as a CPA. Individualswho have passed the Exam but have not either accomplished the required on-the-fob experience,or have previously met it but-in theRead more

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