Dhaka University/ 7 Colleges /Subject: Accounting

Second Year Syllabus for BBA Honours; Effective from the

Session: 2019-2020 (Customized for personal use)

2nd Year Papers and marks distribution

Paper Code Paper Title Credits

Acc. 252001 Financial Accounting (In English) 4.00
Acc. 252002 Business Communication and Report Writing (In English) 4.00
Acc. 252003 Business Statistics 4.00
Acc. 252004 Principles of Finance (In English) 4.00
Acc. 252005 Taxation – Theory & Practice 4.00
Acc. 252006 Macro Economics 4.00
Acc. 252007 Computer Concepts and Applications 4.00
Acc. 252009b Viva-Voce 0.75
Total 28.75

Acc. 252001: Financial Accounting (in English)

Course Objectives:
This course is designed:
(i) to provide students with an understanding of the basic issues of Financial
Accounting.
(ii) to provide students with an understanding of the basic policies of Accounting.
(iii) to teach students the special issues of Accounting.

A. Accounting Recognition:
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; Instalment Sale;
Hire Purchase; Consignment.
B. Accounting for Current Assets: 10. Financial Instruments - Basic Issues: Meaning of ‘Financial
2. Accounting for Cash and Cash at Bank: Cash and Cash Equivalent; Restricted Instrument’;
Cash; Reporting of Cash; Cash Control systems; Cash Book and Bank Statement; Commerce, and Strategies for Successful E-Commerce, Technology Infrastructure
The Bank Reconciliation Statement. Required to Support E- Commerce and M-Commerce; Electronic Payment
3. Receivables: Introduction to Accounts Receivables and Notes Receivables; Systems; Privacy and Security in E-Commerce; Introduction to Intranet and
Valuation of Accounts Receivable; Uncollectible Accounts Receivables; Methods Extranet.
of Determining Uncollectible Accounts Receivable: Direct Write-off method, and 7. Information System in Business: Introduction to Information Systems; The
Allowances Method; Accounting for Previously Written Off Uncollectible; Significance of Information; Nature and Types of information; Information vs.
Discounting Notes Receivables: Interest Bearing and Non-Interest Bearing Notes data; Definition, Concept, Importance, System Approach to Problem Solving;
Receivables; Dishonoured Notes Receivables. System Design and Development; Types of Information Systems: Executive
4. Inventory: Definition of Inventory; General Basis of Inventory Measurement; Support Systems (ESS), Decision Support Systems (DSS), Management
Inventory Cost Flow Assumption; Inventory Valuation Methods: Net Realizable Information Systems(MIS), Knowledge Work Systems (KWS), Office Automation
Value (NRV) Calculation, and Disclosure Requirements as per IAS 2. Systems (OAS), Transaction Processing Systems (TPS).
8. Managing IT: Enterprise and Global Management; Managing Information
C. Accounting for Liabilities: Resources and Technologies; Global Information Technology Management;
5. Liabilities-Current: Definition; Identification of Major Types of Current Ethical and Social Challenges of Information Technology.
Liabilities; Accounting for Accounts payable and Notes payables; Accounting for 9. Practice of Computing: Introduction to Office Software. Word Processing
Other Liabilities; Presentations of Current Liabilities in Financial Statements and Using MS Word: Editing, Formatting, Colors and Styles, Drawing, Tables,
Disclosure Requirements. Equation; Spreadsheet Analysis using MS Excel: Recalculation, Formula, Graph &
6. Provisions, Contingent liabilities and Contingent Assets: Definition and Chart; Accounting Statements Preparation and Analysis through Application
Recognition; Measurement and Subsequent Treatment; Specific Application; Software; Introduction to Database Management Systems (DBM); Database
Disclosures Requirements as per IAS 37. Management System using MS Access: Table, Reports, Query, Form, Macro,
7. Liabilities-Long term (Bonds): Types of Bonds: Valuation of Bonds Payable- Database Design; Presentation Software Usage using MS Power Point: Slide
Discount and Premium; Cost of Issuing Bonds; Notes Payables; Notes Issued at presentation, Colors, Style, Theme, Transition, Sound and Video Linking.
Face Value; Notes not Issued at Face Value; Zero Interest Bearing Notes/Bonds; 10. Concept and Use of Programming: Orientation and use of Programming,
Interest Bearing Note; Notes Issued for Property, Goods and Services Different ways of Programming, Programming Languages.

D. Accounting for Noncurrent Assets: Recommended Text Books:

8. Property, Plant and Equipment (PPE): Initial Recognition and Measurement 1. Sarah E. Hutchinson and Stacey C. Sawyer. Computer & Information Systems
of PPE; Subsequent Measurement of PPE; Cost and Revaluation Model; Nature of (Irwin).
Depreciation; Depreciation Methods; Recording of Depreciation; Disposition of 2. Kenneth C. Laudon and Jane P. Laudon. Management Information Systems:
Plant Assets; Disclosure Requirements as per IAS 16; Definition, Recognition and Managing the Digital Firm (Pearson Education).
Disclosures of Borrowing Costs as per IAS 23. Reference Books:
9. Impairment of Noncurrent Assets: Definition of Impairment; Identifyingan 1. G. J. Bologna and A. M. Anthony. The Accountant’s Handbook of Information
Asset that are under Impairment Test; Measuring Recoverable Amount; Technology (John Wiley & Sons, Inc.).
Recognizig and Measuring an Impairment Loss; Cash Generating Unit and 2. A. S. Hollander, E. L. Deena and J. O. Cherrington. Accounting, Information
Goodwill; Reversing an Impairment Loss and Disclosures as per IAS 36. Technology and Business Solutions (McGraw-Hill/Irwin).
3. G. N. Smith. Excel Applications for Accounting Principles (South-Western 5. Computer Network: Types of Network Types; Uses of Computer Networks;
College Publishing) Network Topologies; Communication Protocol; OSI Model; Network Devices,
.4. James A. O’Brien. Management Information Systems: Managing Information Communication Media.
Technology in the E-Business Enterprise (McGraw-Hill). 6. Internet and Ecommerce: Introduction to Internet; Telnet; FTP; Web Server;
Acc. 252007: Computer Concepts and Applications IP Address; Voice Over IP; Electronic, Mobile Commerce and Enterprise Systems:
Introduction to Electronic & Mobile Commerce, Threats of Electronic & Mobile
Categories of Financial Assets; Classification of Financial Instruments as Liability
Course Objectives: or Equity; Compound Financial Instrument; Recognition and De recognition of
This course is designed: Financial Assets and Liabilities; Measurement of Financial Assets and Liabilities;
(i) to introduce the basic concepts of computer and information systems. Considerations on Fair Value Measurement; Impairment of Financial Assets;
(ii) to orient to the students with operating systems and most commonly used Presentation and Disclosure Requirements as per IFRS 9/IAS 39, IAS 32 and IFRS
office software. 7.
(iii) to teach students the fundamental concepts, theories, practices, and
management of information system in organizations. E. Accounting for Special Assets:
11. Intangible Assets: Nature of Intangible Assets; Initial Recognition and
1. Introduction: Definition and Uses of Computers; Computer Generation and Measurement; Measurement Subsequent to Initial Recognition; Retirement and
Classifications; Number System; Computer Organization and Architecture; Basic Disposals; Disclosure Requirements as per IAS 38.
Logic Gates and Truth Tables. 12. Accounting for Lease: Definition and Classification of Leases; Classification
2. Fundamentals of Computer Hardware: Input Hardware; Output Hardware; Guidance; Accounting for Finance Lease; Accounting for Operating Lease; Sale
Processing Hardware; Peripheral and Storage Devices; Hardware Components; and Sales Leaseback Transaction and Disclosure Requirements as per IAS
Hardware Components in Action; Processing and Memory Devices (Power, Speed
and Capacity): Processing Characteristics and Functions, Memory Characteristics F. Accounting for Special Business Transactions:
and Functions, Multiprocessing, Parallel Computing; Secondary Storage: Access 13. Accounting for Royalty: Definition of Royalty; Mining activities, Accounting
Methods, Devices; Input and Output Devices: Characteristics and Functionality, for Royalty; Dead Rent, Gross Rent, etc.
Input Devices, Output Devices, Special-Purpose Input and Output Devices; 14. Accounting for Hire-purchase: Definition of Hire-purchase; Accounting for
Computer System Types & Selection and Upgrading; Assembling a computer; Hire-purchase; etc.
Troubleshooting PC Hardware. 15. Accounting for Instalment Sales: Definition of Instalment Sales; Sales vs.
3. Introduction to System Software and Application Software: Introduction to Instalment Sales Accounting for Instalment Sales; etc.
Operating System; Introduction to Software Development and Programming
Languages; Compilers, Interpreters and Assembler; Graphical User Interface G. Accounting for Policy Changes:
(GUI): Gaining Proficiency in GUI Operating System; Windows 9x, 16. Accounting Policies, Changes and Errors: Definition; Introduction to
NT/2000/XP/2007 Operating Systems; Accounting Policies; Changes in Accounting Policies and Estimates; Errors;
Troubleshooting PC Software. Disclosure Requirements as per IAS 8.
4. Introduction to Database Management System (DBMS): File-oriented
Approach; Database Approach; Data Dictionary; DBMS Languages; Database Recommended Text Books:
Management Systems (DBMS); Data Modelling and Database Design. 1. Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus & Kenneth Smith.
Advanced Accounting (Prent. Hall).
2. Donald E. Kieso, Jerry W. Waygandt & Terry D. Warfield. Intermediate Communication: Internal Communication Pattern and External Communication
Accounting (IFRS Ed.) (J. Wiley & Sons). Pattern; Potential Communication Barriers and Ways to Remove them.
3. Ruth Picker, Ken Leo, Jennie Radford, Keith Alfredson, Paul Pactor and 2. The Role of Communication in the Business Organization: Importance and
Victoria Wise. Australian Accounting Standards (John Wiley & Sons Australia, Benefits of Effective Communication; Components of Communication; Main
Ltd.). Forms of Organizational Communication: Internal-Operational Communication,
4. Craig Deegan. Australian Financial Accounting (McGraw-Hill Australia). and External-Operational Communication; Concepts and Problems of
5. Prof. Shanti Narayan Ghosh et al. Intermediate Accounting, Nadi Publication, Communication.
Dhaka, Bangladesh. 3. Principles of Effective Communication: The Seven C’s of Effective
6. IASB - International Accounting Standards (IAS), International Financial Communication: Completeness, Conciseness, Consideration, Concreteness,
Reporting Standards (IFRS). Clarity, Courtesy, and Correctness.
7. Dipak Kumar Biswas et al. Financial Accounting, Millennium Publication, Monetary Policy as an Instrument of Economic Management; Causes and Types of
Dhaka, Bangladesh. inflation; The Instruments of Monetary Policy; Monetary Policy During Inflation,
Deflation, Stagflation and Different Phases of Business Cycle.
Reference Books: 5. Unemployment: Definition of Unemployment; Structural Unemployment and
1. R. E. Baker, V. C. Lembke and T. E. King. Advanced Financial Accounting Frictional Unemployment; Natural Rate of Unemployment; Full Employment;
(McGraw-Hill Irwin). Philips Curve.
2. Ken, J. Leo, John Hoggett and John Sweeting. Company Accounting (Wiley & 6. Business Cycle Theory: Okun’s Law; Time Horizons in Macroeconomics;
Sons Australia Ltd). Short Run and Long Run; The Model of Aggregate Demand and Aggregate
Supply; The Difference in Aggregate Supply Curve in the Short Run and in the
Long Run; Shocks to Aggregate Supply and Demand; Stabilization Policy.
Acc. 252002: Business Communication and Report Writing 7. Goods Market, Money Market, and IS-LM Model: Keynesian Cross Model;
Fiscal Policy; Government Purchase Multiplier and Tax Multiplier; Deriving IS
(in English)
Curve; Fiscal Policy and Shift of IS Curve; Interpretation of IS Curve; Money
Market and LM Curve; Deriving LM Curve; The Theory of Liquidity Preference;
The Use of Monetary Policy; The Shift of LM Curve; Fluctuations with the IS-LM
Course Objectives:
Model; The Interaction Between Monetary and Fiscal Policy.
This course is designed:
8. The Open Economy: Trade Theory: Comparative Advantage and Absolute
(i) to provide students a comprehensive view of communication;
Advantage; International Flow of Capital and Goods; Trade Balance; Saving and
(ii) to provide students with an understanding of effective internal communications
Investment in a Small Economy; Capital Mobility and the World Interest Rate;
program;
How Policies Influence Trade Balance; Fiscal Policy at Home and Abroad;
(iii) to teach students the techniques of preparation of reports on business matters
Nominal and Real Exchange Rate; The Determinants of Real Exchange Rate; The
and the art of presenting it.
Determinants of the Nominal Exchange Rate.
9. The Socialistic or Planned Economy: Close or Socialistic Economy or Mixed
1. The Basics of Communication: Definition of Communication; Elements of
or Planned Economy, Communistic Economic Policies, etc. Former Russian
Communication Process; Steps in Communication Process; Communication
(USSR), Chinese, Cuban, or Vietnamese Economy.
Functions and Settings; Communication Principles; Importance of Business
10. Macroeconomic characteristics of Bangladesh Economy: Foreign currency
Communication; Goals of Business Communication; Patterns of Business
reserves and other macroeconomic variables of Bangladesh Economy; GDP
position of Bangladesh Economy.
 Development; Consumption Function; Autonomous Consumption and Induced
Recommended Text Book: Consumption; Marginal Propensity to Consume; Average Propensity to Consume;
1. N. Gregory Mankiw. Macroeconomics (Worth Publishers). MPC and APC and Their Relationship; Savings Function-Paradox of Savings;
References Books: Investment: Autonomous and Induced; Interest Rate and Equilibrium in the
1. P. Samuelson and W. Nordhaus. Economics (McGraw-Hill/Irwin). Financial Market; The Effect of Fiscal Policy on Interest Rate and Investment.
2. Rudiger Dornbusch, Stanley Fischer and Richard Startz. Macroeconomics 3. Theory of Money: Definition of Money; Function of Money; Quantity Theories
(McGraw-Hill/Irwin). of Money; Money Demand; Keynesian Approach to Demand for Money:
3. Olivier Blanchard. Macroeconomics (Prentice Hall). Transaction, Precautionary and Speculative Demand for Money; Money Supply;
4. Edward Shapiro. Macroeconomic Analysis (Thomson Learning). Fractional Reserve Banking System; A Model of Money Supply; Neutrality of
Money.
4. Monetary Policy: Definition Monetary Policy and Fiscal Policy; Importance of
(iii) Excise and Salt Act 1944.
4. Communication Across Cultures: Concept of Culture; How Culture Affects
(iv) Gift-Tax Act 1990.
Business Communication; Cultural Barriers to Communication; Guidelines for
(v) Narcotics Control Act 1990.
Effective Multicultural Communication; Intercultural Communication Model;
(vi) Motor Vehicles Tax Act 1932.
National Cultural Variables; Individual Cultural Variables.
(vii) Land Development Tax Ordinance 1976.
5. Types of Communication: Downward Communication: Objectives, Media,
(viii) Stamp Act 1899.
Limitations, and Essentials of Effective Downward Communication; Upward
(ix) Finance Acts.
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
Acc. 252006: Macro Economics Grapevine Effectively; Consensus: the Consensus Process, Advantages and
Limitations of Consensus.
Course Objectives: 6. Media of Communication: Written Communication: Merits and Limitations;
This course is designed: Oral Communication: Merits and limitations; Audio-Visual Communication:
(i) to give students a background of basic macro-economic theories, concepts and Merits and Limitations; Non-verbal Communication: Merits and Limitations.
indicators and their relevance to different policy actions. 7. Written Communication:
(ii) to provide students the tools to analyze how macroeconomic indicators like (a) Fundamentals of Business Writing – Adaptation and The Selection of Words,
national income, consumption, savings and investments are determined and how Construction of Clear sentences and Paragraphs, Writing for Effect.
macro policies such as fiscal, financial and trade policies are related to economic (b) Formats for Letter and Memos.
management. (c) Positive and Neutral Messages-Organization: Using direct plan, outline of
direct plan for positive and neutral message, Forms: Transmittals, Confirmations,
1. Introduction to Macroeconomics: Definition of Macroeconomics; Basic Summaries, Adjustments and Responses to Complaints, Thank-you and
Concepts and Data; Importance and Relevance of Macro Economics for Business Congratulatory Notes.
Students. (d) Negative Messages- Choice between direct and indirect plan, Subject Line,
2. National Income: National Income (NI) Concepts: GNP, NNP, Nominal GDP, Organization, Forms: Rejections and Refusals, Disciplinary Notices & Negative
Real GDP, GDP Deflator; Consumer Price Index; Measuring Income Using Performance Appraisals, Lay-offs and Firings.
Expenditure Approach and Income Approach; Intermediate Goods and Value (e) Persuasive messages-Strategy, Subject Line, Organization: Direct Request &
Added; Theories of Consumption; Savings and Investments-Keynesian Problem Solving Messages.
(f) Strategies in The Job-Search process – The Job Search, Preparing the 3. John V. Thill and Courtland L. Bovee. Excellence in Business Communication
Application Documents, Constructing the Resume, Writing the Application, Letter. (McGraw-Hill).
8. Fundamentals of Report Writing: Definition; Characteristics and Types of 4. Courtland L. Bovee and John V. Thill. Business Communication Today (Prentice
Reports; Determining the Report Purpose, Determining the Factors, Gathering the Hall).
Information Needed, Interpreting the Findings, Organizing the Report Information, 5. Rajendra Pal and J. S. Korlahalli. Essentials of Business Communication (Sultan
Writing the Report, Collaborative Report Writing. An Overview of Report Chand & Sons).
structure; Characteristics of the Shorter Reports; Forms of Shorter Reports; Special
Reports Forms; Organization and Content of the longer Reports—the Prefatory
Parts, the Report Proper, Structural Coherence Helpers, the Long Analytical
Report, Planning the Graphics, Placing the Graphics in the Report, Determining
the General Mechanics of Construction, Constructing Textual Graphics,
Constructing Visual
Graphics, Using Computer Graphics. Turnover Tax: Concept of Turnover Tax; Enlistment for Turnover Tax; Payment of
9. Oral Communication: Strategies for Successful Interpersonal Communication; Turnover Tax; Books and Documents to be Maintained for Turnover Tax; Penalty
Dyadic Communication; Interviewing, Telephoning; Dictating; Listening; for False Declaration for Turnover Tax; Differences between VAT and Turnover
Planning; Conducting and Recording Meetings; Making Oral Presentations. Tax; Input Tax; Supplementary Duty; Consequences of Non-compliance; VAT
10. Audio-Visual Communication: Types of Aids, How to Make Audio-Visual Administration; Appointment; Delegation of Authorities and Powers; Appeal;
Communication Effective. Revisions and Recovery of Claims.
11. Non-Verbal Communication: Nature of Non-Verbal Communication; Types 2. Property-related Tax: Wealth Tax as a Surcharge of Income Tax based on
of Non-Verbal Communication: Body language, Space, Time, Paralanguage, Other Threshold of Net Wealth in Income Tax Return; Tax on Deemed Income on
Types of Non-Verbal Communication. Unrecorded or Under-Recorded or Under-Valued or Undisclosed Assets; Tax on
12. Technology-Enabled Communication: Tools for Constructing Messages, Transfer of Assets, and Capital gain, tax on.
Tools for Presenting Messages, Tools for Transmitting Messages, Tools for 3. Customs Duty: Nature; Scope and Importance; Goods Dutiable; Goods
Collaboration. Prohibited; Various Duties under the Customs Act; Rates of Duties; Tax Points and
13. Handling of Mail, Filing and Indexing: Essentials, Classification, Methods, Valuation Bases for Customs Duty; Duty-Drawback and Exemptions; Pre-
Horizontal vs. Vertical Filing, centralized vs. Decentralized Filing, Indexing: Shipment Inspection Agencies; Assessment; Penalties and Offences; Schedules.
Types, Advantages and Disadvantages. 4. Excise Duty: Nature; Scope and Importance; Dutiable Goods/Services; Rates of
Duties; Tax Points and Tax-Base Excise Duty; Exemptions; Assessment.
Recommended Text Books: 5. Gift Tax: Charge of Gift Tax; Definition and Characteristics of Gift; Gifts to
1. Raymond V. Lesikar, John D. Pettit, Jr. and Marie E. Flatley. Basic Business include Certain Transfer; Exemptions from Gift Tax; Determination of the Value of
Communication (Irwin and McGraw- Hill). Gifts; Return of Gifts; Rates and Liability of Gift Tax; Penalty and Prosecution;
Assessment Procedures; Gift Tax Authorities.
Reference Books: 6. Other Taxes and Duties: Narcotics and Liquor Duty; Stamp Duty (Non-
1. Herta A. Murphy, Herbert W. Hildebrant and Jane P. Thomas. Effective Business Judicial); Land Development Tax; Taxes on Vehicle.
Communication (Tata McGraw- Hill).
2. Kitty O. Locker and Stephen Kyo Kaczmarek. Business Communication- Text book:
Building Critical Skills (Tata McGraw- Hill). 1. H. L. Bhatia. Public Finance (Vikas Publishing House Pvt. Ltd.).
2. R. A. Musgrave and P. B. Musgrave. Public Finance in Theory and Practice Succeeded Business or Profession; Carry-forward of Loss of Unabsorbed
(McGraw-Hill Book Company). Depreciation; Carry-forward of Loss of Tax Holiday Units.
3. Dhiman Chowdhury. Advanced Issues in Taxation: Theory and Practice; Dhaka: (iv) Tax Planning Aspects: Concepts of Tax Evasion; Tax Avoidance and Tax
Grantha Kutir, 2018. Planning; Tax Compliance vs. Tax Planning; Tax Formula and Tax Planning
4. Prof. Mamtaz Uddin Ahmed et al. Taxation in Bangladesh. Variables; Tax Planning Techniques.
5. Dipak Kumar Biswas. Business Taxation, Millennium Publications, Dhaka,
Bangladesh. Part-C: Other Tax Laws in Bangladesh (20%)
Reference Books: 1. Value Added Tax (VAT): Introduction; Statutory Definitions as per the VAT
1. The Income Tax Ordinance 1984 and the Income Tax Rules 1984 (updated). Act; Evolution and Economic Rationality of VAT; VAT Registration; Imposition of
2. Summary of Taxation Rules in Bangladesh (MCCI, Dhaka). VAT; Application of Tax Rate; Determination of Cost for Calculation of VAT;
3. Related Acts on Taxes: Method and Time of Payment of VAT; Books and Documents Required to be
(i) Customs Act 1969. Maintained for VAT
(ii) Value Added Tax Act and Rules 1991 Purpose; Truncated Value (Truncated Rate of VAT, VAT on certain services on
Tax Clearance Certificate. Estimated Value Addition); VAT Deduction/Collection at Sources; VAT
Authorities.
(b) Business Income (Profit) Tax Acc. 252003: Business Statistics
(i) Adjustment of business income for tax computation, admissible expenses, etc.
(ii) Assessment of Partnership Firms: Computation of Total Income of a Firm;
Procedure of Assessment (Firm vs. Partners); Computation of Partners’ Share in
Course Objectives:
the Firm’s Income; Liability of a Firm for Unrecoverable Tax due from Partners;
This course is designed to:
Assessment of Firm in Special Cases.
(i) develop a general understanding of the basic concepts of statistics and business
statistics;
(c) Corporate Income (Profit) Tax
(ii) develop to be able to apply statistical methods to describe, analyze and
(i) Income-characteristics of Companies: Definition of Company and Types of
interpret data in economics, business and management;
Companies; Computation of Total Income and Tax Payable; Tax Rebate on Higher
(iii) give an idea relating to survey design and analysis of survey data in the area of
Productivity; Higher Dividend; CSR (Corporate Social Responsibility) and others;
business, economics, finance, and banking.
Procedure of Assessment; Assessment of Banks and other Financial Institutions;
Liability of Directors for Unrecoverable Tax of Private Companies; Liability of
1.Introduction to Statistics: Concepts of Statistics and Business Statistics; Scope
Liquidators for Tax of Private Companies under Liquidation; Liability to Tax in
and Importance of Statistics; Limitations of Statistics; Population; Sample.
case of Shipping and Air Transport Business of Non-residents.
2. Collection of Data: Meaning of Data; Types of Data; Classification of Data
(ii) Assessment of Companies: Adjustment of corporate income for tax
According to Sources; Sources of Secondary Data; Methods for Collection Data;
computation, admissible expenses, corporate tax rate for manufacturing, banking
Questionnaire Design; Requisites of a Good Questionnaire.
and other types of corporations, etc.
3. Organization and Presentation of Statistical Data: Classification of Data;
(iii) Set-off and Carry-Forward of Corporate Business Losses: Provisions on
Types of Classification; Tabulation; Rules for Tabulation; Advantages of
Set-off of Losses in the Year of First Incurrence and its Procedure; Carry-forward
Presenting a Data in a Tabular Form; Types of Tabulation; Frequency Distribution;
and Set-off of Losses under specific Heads: Business Loss, Loss in Speculation
Construction of a Frequency Distribution; Graphical Presentation of Data; Uses of
Business, Loss under the Head Capital Gains, Loss under the Head Agricultural
Diagrams and Graphs; Characteristics of a Statistical Diagram; Types of Diagrams:
Income; Carry-forward of Loss of Firm and Partner; Carry-forward of Loss of
Bar Diagram, Types of Bar Diagram, Pie Diagram, Line Diagram, Histogram, 10. Sampling and Socio-Economic Surveys: Concepts of Census and Sample
Frequency Polygon, Ogive, Lorenz Curve, Statistical Operations with Notations. Survey; Advantages of Sampling over Census; Limitation of Sample Survey;
4. Measures of Central Tendency: Concept of Central Tendency; Different Methods of Random Selection: Simple Random Sampling, Stratified Random
Measures of Central Tendency; Arithmetic Mean or Simply Mean; Median; Mode; Sampling, Systematic Sampling, Multistage Sampling, Quasi Random Sampling,
Geometric Mean; Harmonic Mean; Relationships Among Different Measures of Area Sampling, Simple Cluster Sampling, Multistage Cluster Sampling, Quota
Central Tendency; Other Measures of Location; Quartile, Deciles, Percentile, Sampling; Steps in Conducting Socio-economic Survey; Sampling and Non-
Characteristics of a Good Measure of Central Tendency. Sampling Error.
5. Measures of Dispersion: Concept of Dispersion; Absolute Measures of 11. Index Number: Definition of Index Number; Notations Used in the
Dispersion: Range, Quartile Deviation, Mean Deviation, Standard Deviation; Construction of Index Numbers; Price, Quantity and Value Relatives; Factors
Relative Measures of Dispersion: Coefficient of Variation, Coefficient of Mean affecting Index Number, Problems Involved in the Construction of an Index
Deviation Coefficient of Quartile Deviation, Coefficient of Range, Tchebysheff’s Number; Uses of Index Numbers; Methods for Constructing Unweighted Index
Theorem. Numbers; Methods for Constructing Weighted Index Numbers; Tests for
6. Measures of Moments, Skewness and Kurtosis: Moments: Moments from Consistency of Index Numbers; Cost of Living Index Numbers; Different Steps
Ungrouped and Grouped Data; Relation between Central and Raw Moments; Involved in the Construction of Cost of Living Index Numbers; Methods of
Skewness: Types of Skewness; Measures of Skewness; Absolute Measures of Constructing Cost of Living Index Numbers; Uses of Cost of Living Index
Skewness; Relative Measures of Skewness; Coefficient of Skewness Based Numbers; Chain Base Index Numbers: Link Relatives, Important Properties of
on Index Numbers;
Moments; Kurtosis: Measures of Kurtosis. Application of Numerical Problems.
7. Correlation Analysis: Meaning of Correlation; Types of Correlation; Simple 2. Administration and Tribunal: Income Tax Authorities; Administrative (NBR
Correlation Coefficient; Multiple Correlation Coefficient; Partial Correlation at Top & Other officials) and Judicial (Appellate Tribunal & Other Appellate
Coefficient; Methods for Studying Correlation: Scatter Diagram Method, Karl Authorities); Appointment, Subordination, Power and Functions; Alternative
Pearson’s Correlation Coefficient, Rank Correlation Coefficient, Simple and Rank Dispute Resolution (ADR).
Correlation Coefficients from Bivariate Frequency Distribution. 3. Heads of Income and Classification of Income: Statutory Heads of Income;
8. Regression Analysis: Meaning of Econometrics; Meaning of Theoretical Heads of Income under Income Tax Returns; Non-assessable Income; Tax-free
Model; Types of Theoretical Model; Scope of Econometrics; Steps Involved in an Income; Unearned and Earned Incomes; Domestic and Foreign Incomes; Regular
Econometric Analysis of Economic Models; Division of Econometrics; Limitation and Casual Incomes; Income Subject to Regular Tax Rate and Income Subject to
of Econometrics; Random Error Term; Reasons to Include the Random Error Term Special Tax Rate.
in a Model; Meaning of Simple Linear Regression Model; Methods for Estimating 4. Computation of Head-wise Income: Computation of Income under Statutory
Simple Linear Regression Model or Parameters; The Method of Least Squares; Heads: Salaries, Interest on Securities, Income from House Property, Agricultural
Coefficient of Determination; Inferences about Parameters of the Model; Using the Income, Income from Business or Profession, Capital Gains, and Income from
Model for Estimation and Prediction; Relationship between Correlation Other Sources; Computation of Income under Other Heads: Share of Income from
Coefficient and Regression Coefficient; Meaning of Multiple Linear Regression Firms, Income of Spouse or Minor Children and Foreign Income.
Model; The Method of Least Squares; Inferences about Parameters of the Model; 5. Exemptions, Allowances, and Tax Holidays: Exclusions from Total Income;
Checking the Usefulness of the Model. Exemptions and Allowances u/s 44 and Part B of Sixth Schedule (Investment
9. Probability Theory: Various Terms in Probability Theory; Counting Allowances and Tax-free Income); Tax Holiday for Industrial Undertaking and
Techniques; Law of Probability; Joint Probability; Marginal Probability; Physical Infrastructure Facility; Exemption of Income of Cooperative Societies;
Conditional Probability; Dependent and Independent Events; Relationships among Tax Holidays under various SROs, Fiscal Incentives to Foreign Investors in
Conditional; Joint and Marginal Probabilities; Bays’ Theorem and its Application. Bangladesh.
6. Payment of Tax before Assessment: Tax Deduction at Source (TDS); Advance 5. Impact and Incidence of Taxes: Impact; Incidence; Effect and Burden of
Income Tax (AIT) and Tax Payment on the Basis of Return; TDS vs. Collection of Taxes; Theories of Shifting Tax Incidence; Imposition of a Specific Tax; Deficit
Tax at Sources; Incomes subject to TDS and Formalities and Consequences; TDS Financing as a Hidden Tax.
as Final Discharge of Tax Liability u/s 82C; Requirement and Procedures of AIT 6. Effects of Taxes: Effects of Tax on Production and Growth; Effect on Supply of
and Consequence on Failure to Pay AIT. Resources; Effect on Economic Stabilization.
7. Return of Income and Statements: Requirement to File Return of Income; 7. Public Expenditure: Theories of Public Expenditure; Kinds of Public
Form of Return of Income; Due Date of Submission of Return of Income; Expenditure; Canons of Expenditure; Effects of Public Expenditure.
Documents to be Submitted along with the Return of Income; Return of 8. The Public Budget and Fiscal Policy: Kinds of Public Budget: Deficit,
Withholding Tax; Obligation to Furnish Annual Information Return; Certificate in Balanced and Surplus Budgets; Fiscal Policy; Budgetary System in Bangladesh:
Place of Return; Filling of Revised Return; Statement of Assets and Liabilities and Medium-Term Budgetary Framework; Public Finance and Budget Management
Life Style; Production of Accounts and other Documents. Act 2009.
8. Assessments: Definition of Assessment; Provisional Assessment; Assessment
on Correct Return; Universal Self; Assessment & Audit thereafter; Spot Part-B: Income Tax Law in Bangladesh (60%)
Assessment; Assessment after Hearing; Assessment on the Basis of Report of a (a) Personal Income Tax
Chartered Accountant; Best Judgment Assessment; Presumptive Tax Assessment 1. Introduction to Bangladesh Income Tax: Bangladesh Tax Structure; Sources
on Owners of Road and Water Transports; Various Specialized Assessments; of Tax Laws and Practice (Legislation, Case law, NBR Publication); Scope of
Income Escaping Assessment; Limitation for Assessment. Bangladesh Income Tax; Structure of Income Tax Laws (Income Tax Ordinance &
9. Assessment of Individuals: Definition of Individual; Computation of Total Rules); Objectives and Importance of Income Tax; Role of Income Tax in
Income of an Individual Assessee; Procedure of Assessment; Assessment Order Economic Development of Bangladesh; Statutory Definitions and Important
and Concepts relating to Income Tax; Concept of Income; Capital or Revenue; Tax and
Wealth tax and Capital gain tax. Income Tax; Different Rates of Income Tax for Different Assessees; Some
Significant Issues of
Part-A: Principles of Public Finance (20%) Income Tax (Assessment Year vs. Income Year; Different Classes of
1. Introduction: Definition of Public Finance; Difference between Public Finance Assessees;
and Private Finance; Public Finance and the Economic Systems; the Principles of Residential Status of an Assessee; Taxation Implication of Resident or Non-
Maximum Advantage and its Limitations. resident)
2. Public Revenue: Revenue Receipts and Capital Receipts; Tax Revenue and 12. Business Forecasting and Time Serie s Analysis: Forecasting
Non-tax Revenue; Tax-Base; Principles of Taxation; Characteristics of a Good Tax Techniques;
System. Definition of Time Series; Components of Time Series: Secular trend (Long term
3. Classification and Choice of Taxes: Single and Multiple Tax Systems; Movement), Seasonal Variation, Cyclical Variation, Irregular Variation;
Proportional and Progressive Taxes; Direct and Indirect Taxes; VAT and Other Mathematical Models of Time Series Analysis; Uses of Time Series Analysis;
Taxes. Different Methods for Measuring Trend: Graphical Method, Method of Semi-
4. Tax Burden: Approaches in Allocating Tax Burden: the Expediency Approach, average, The Least Square Method, Exponential Smoothing; Methods for
the Socio-Political Approach; the Benefit Received Approach, Cost of Service Measuring Seasonal Variations: Method of Simple Averages, Ratio to Trend
Approach, the Ability-to-Pay Approach; Limitations and Usefulness of the Method, Ratio to Moving Average Method, Application of Numerical Problems.
Approaches. 13. Interpolation and Extrapolation: Concepts; Assumptions; Graphic Methods;
Algebraic Methods; Newton’s Forward and Backward Formulae; Lagrange’s
Formula of Interpolation and its Uses.
14. Statistical Quality Control: Concept of Quality; Quality Characteristics; Financial Markets and Other External Factors on a Business’s Financial Strategy;
Causes of Variation; Process Control; Control Charts: -chart, R-chart, Pie-chart, C- Functions of Business Finance; Functions of the financial officers; Goal of
chart; Setting up of Control Procedure; Single Sampling Plan, Acceptance Plan, Finance: Profit Maximization vs. Shareholders’ Wealth maximization; Ethics in
Double Sampling Plan, and their Interpretations. Business Finance; The Agency Problems.
15. Official Statistics of Bangladesh: Sources, Characteristics; Limitations; 2. Financial Environment: Markets and Institutions: The Financial Markets,
Publishing Agencies; Statistical Publications; Their Contents and Their Reliability; Types of Markets: Primary Markets vs. Secondary Markets; Financial Institutions;
Accuracy and Uses. The Stock Market; Fiscal Environment; Corporate Taxation; Government
Investment Policy.
Recommended Text Books: 3. Concepts in Valuation: Time Value of Money; Time Lines; Future Value and
1. Richard I. Levin and David S. Rubin. Statistics for Management (Prentice Hall). Compounding; Present Value and Discounting; Opportunity Cost Rate;
2. James T. McClave & P. George Berenson. Statistics for Business & Economics Fair/Equilibrium Value; Net Present Value (NPV); Future and Present Values of an
(Prentice Hall). Annuity; Perpetuities—Amortized Loan and Amortization Schedule; Market
3. S. P. Gupta and M. P. Gupta. Business Statistics (Sultan Chand & Sons). Value, Economic Value, Internal Rate of Return (IRR) of an Investment.
4. Prof. Nipul Kanti Bala et al. Business Statistics, Nadi Publications, Dhaka, 4. Concepts of Return and Risk: Uncertainty, Risk and Return; Risk-free and
Bangladesh. Risk-adjusted Return; Bond Returns; Return from a Stock Investment; Types of
5. Dipak Kumar Biswas et al. Business Statistics, Millennium Publications, Dhaka, Risks: Business Risk and Financial Risk, Total Risk and Specific Risk,
Bangladesh. Diversifiable Risk and Systematic Risk, Single-Asset Risk and Portfolio Risk;
Risk Measurement: Variance, Standard Deviation and Coefficient of Variation.
Reference Books: 5. Introduction to Security Valuation: Valuation of Bond and Debenture;
1. Edwin Mansfield. Statistics for Business and Economics (W. W. Norton & Valuation of Preferred Stock; Valuation of Common Stock.
Company). 6. Cost of Capital: Concepts of Cost; Comparison; Costs of Different Financing
2. R. Mason and D. Lind. Statistical Techniques in Business and Economics sources; Cost of Debt; Cost of Irredeemable Debentures; Cost of Redeemable
(McGraw-Hill). Debentures; Cost of Bank Loans and Overdrafts; Cost of Preferred Stock; Cost of
3. S. P. Gupta. Statistical Methods (Sultan Chand & Sons). Common Equity; Cost of Retained Earnings; CAPM Approach; Bond: Yield-plus-
Risk - Premium Approach, Dividend-Yield-plus-Growth-Rate; Discounted Cash
Flow (DCF) Approach; Cost of Newly Issued Common Stock or External Equity;
Weighted Average Cost of Capital (WACC); Rationale for WACC; Marginal Cost
Acc. 252004: Principles of Finance (in English) of
Capital (MCC); MCC Schedule, Break Points; Factors affecting the Cost of
Capital, Different Uses of Cost of Capital. Capital Structure and its Costs.
Course Objectives: 7. Financing Decision - Sources of Financing and Instruments Used Therein:
This course is designed: Short-term Financing; Intermediate- term Financing; Long-term Financing;
(i) to provide students with a sound theoretical knowledge on principles and Factors affecting a Company’s Choice of Finance; Concepts of Warranties,
practices of business finance. Covenants, Guarantees; Financing Problems of Small Firms.
(ii) to teach students the techniques of use of finance. 8. Investment Decision – Considerable Factors and Methods: Considerable
Factors in investment decision or Capital Budgeting; Ways of evaluating
1. Introduction: Goals and Functions of Business Finance; The Financial investment proposal or Project Appraisal, Methods used for Capital Budgeting, etc.
Manager; Objectives of Finance; The Financial Strategy Process; Impact of
9. Dividend Decision – Considerable Factors and Methods: Considerable
Factors in Dividend Decision or Redistribution Decision; Ways of Dividend
Payment, Payout or Retention ratios, etc.
10. Financial institutions: Functions and performances of financial institutions in
Bangladesh and in the world.

Recommended Text Books:

1. J. F. Weston and E. F. Brigham. Essentials of Managerial Finance (Thomson
South-Western).
2. Eugene F. Brigham and Joel F. Houston. Fundamentals of Financial
Management (Thomson South-Western).
3. James Van Horne and John M. Wachowicz, Jr. Fundamentals of Financial
Management (Prentice Hall).
4. Prof. Nipul Kanti Bala et al. Principles of Finance, Nadi Publications, Dhaka,
Bangladesh.
5. Prof. Md. Nazim Uddin Bhuiyan & Prof. Shabbir Ahmad. Principles of Finance
(NaSyPeC Publications).

Acc. 252005: Taxation – Theory & Practice

Course Objectives:
This course is designed:
(i) to give ideas about concepts and principles of public finance and taxation.
(ii) Part A deals with budget, revenue and expenditure and basic concepts of
taxation.
(iii) Part B focuses on issues that relate to computation of income tax for
individuals, partnerships, and companies.
(iv) Part C covers VAT, Customs duties, Gift tax, and Property related tax such as