2. OBJECTIVES
Learn About ACI Ltd.
Learn About Their History, Mission, Vision And Views.
Learn About Their Style Of Using Accounting.
Analyze Their Ways Of Using Accounting.
3. A S I F M A H M U D B 1 5 0 6 0 2 8
KO W S H I K A Z A D B 1 5 0 6 0 5 1
M A H I R S H A H R I A R B 1 5 0 6 1 0 9
TA N V I R A H M E D B 1 5 0 6 1 7 6
TA R E K M U S A N N A B 1 5 0 6 0 6 4
MEMBERS
4. CONTENTS
C O M P A N Y
O V E R V I E W
T I M E L I N E P R O D U C T S
C O M P E T I T O R
A N A L Y S I S
15. MISSION
“… to enrich the quality of life of people through
responsible application of knowledge, skills and
technology.
…committed to the pursuit of excellence through world -
class products, innovative processes and empowered
employees to provide the highest level of satisfaction to
its customers. “
16. VISION
• Attain a position of leadership in each category of its businesses.
• Promote an environment for learning and personal growth of its employees.
• Attain a high level of productivity in all its operations through effective and
efficient use of resources, adoption of appropriate technology and alignment
with our core competencies.
• Provide products and services of high and consistent quality, ensuring value for
money to its customers.
18. SWOT ANALYSIS
S T R E N G T H W EA K N E S S O P P O R T U N I T Y T H R E AT
re d u c e d l a b o r c o s t s
g ro w t h ra t e
d o m e s t i c m a r ke t
f u t u re
p ro f i t a b i l i t y
c o s t s
t a x s t r u c t u re
g ro w i n g
d e m a n d
n e w
a c q u i s i t i o n s
g l o b a l e c o n o my
f i n a n c i a l
c a p a b i l i t y
20. ACCOUNTING STANDARD
IFRS
a set of accounting standards developed by International Accounting
Standards Board (IASB).
The goal of IFRS is to provide a global framework for how public companies
prepare and disclose their financial statements.
IFRS provides general guidance for the preparation of financial statements,
rather than setting rules for industry-specific reporting.
22. ACCOUNTING SYSTEM
Too Many Transections to Handle Manually
Fully Customized Software
Allows to Set Up and Prepare all kinds of Accounting
Documents
26. FISCAL YEAR
Calendar Year
1 January – 31 December
Will Switch to July – June From Next Year in
Accordance with to Govt. Regulations
27. INVENTORY SYSTEM
Perpetual Inventory System
Better Control Over Periodic System
Keeping Track of Inventory All The Time
28. COST FLOW ASSUMPTION
Average Cost Assumption Theory
In Accordance with IFRS
Advantageous For Such a Large Company
29. CONTROL PROCEDURES
Qualified Employees in a Restricted
Environment
“Mirror” – Customized Software For ACI Only
Developed by MIS Engineers
Hackproof
30. FRAUD CONTROL
Physical and Virtual Safeguards
Usage of Checks for Cash Control
Usage of Cash for Petty Cash Funds
31. DEPRECIATION
Straight Line Method
Rate Varying from 2.5-20%
No Depreciation Charged For Land And
Capital Work-in-progress