Navigating the Business Landscape
Navigating the Business Landscape
Introduction IAS 16 – Property, Plant, and Equipment (PPE) is a critical accounting standard that governs how companies recognize, measure, and report tangible fixed assets. Proper application ensures accurate financial statements, compliance…
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Introduction Tax Deducted at Source (TDS) is an integral part of Bangladesh’s tax framework. This preemptive tax collection mechanism deducts income tax at the point of earning, simplifies the process…
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Introduction Cost classification is a cornerstone of management accounting, playing a critical role in inventory valuation and profit measurement. By understanding and categorizing costs accurately, businesses can make informed decisions…
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Introduction: The Foundation of Every Successful Business Have you ever wondered how businesses manage to keep things running smoothly even during the busiest seasons? From the neighborhood grocery store to…
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Attention all business owners and finance professionals in Bangladesh! The National Board of Revenue (NBR) has announced a crucial update: the corporate income tax return filing deadline has been extended…
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The National Revenue Board (NBR) has extended the deadline for tax returns for FY 2024-2025 for both corporate and individual tax return submissions. Corporate Tax Return: Great news for businesses!…
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Before discussing the tax rates in Bangladesh, let’s explore the different tax systems. Globally, tax systems are categorized into three main types: Progressive, Regressive, and Proportional. A Progressive tax system…
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Generally, there are three types of tax systems around the world. These are Progressive tax system, Regressive tax system, and Proportional tax system. In a Progressive tax system, the tax…
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Bangladesh’s economy is among the fastest-growing in the world. The national budget plays a crucial role in this growth. In Bangladesh, over 80% of government revenue comes from taxation. Understanding…
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In the business world, there are rules and guidelines that must be followed to ensure the accuracy of financial statements. International Accounting Standard (IAS)-2: Inventories, is one of the most…
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The 28th Dhaka International Trade Fair opened at the Bangabandhu Bangladesh-China Friendship Exhibition Center (BBCFEC) in Purbachal, Dhaka on 21 January 2024. The fair will be a month-long till 21 February…
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The book fair in Bangladesh, known as ‘Amar Ekushey Boi Mela,’ commenced on February 1, 2024. This literary event will continue throughout the entire month. The fragrance of books and…
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International Accounting Standards (IAS) is the global language for business affairs to ensure that financial statements are comparable, transparent, and easy to understand. Standards establish the framework for preparing and…
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In Bangladesh, Tax Deducted at Source (TDS) and VAT Deducted at Source (VDS) are the most important for revenue collection mechanisms of the National Board of Revenue. Whether you’re an…
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Commencing the Journey into IAS-1: International Accounting Standard 1, also known as IAS 1 is about Presentation of Financial Statements. It’s the guide that ensures every company speaks the same…
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Why IAS transitioned to IFRS? In 2001, the transition from International Accounting Standards (IAS) to International Financial Reporting Standards (IFRS) occurred. Let’s discuss the reasons below: How many Financial Reporting…
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International Accounting Standards (IAS) are guidelines and standards developed by the International Accounting Standards Board (IASB). IAS provides a common framework for the company and businesses around the world. Accordingly,…
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A Guide to Set Off and Carry Forward of losses Generally, Income tax is complex to understand due to income tax rules, regulations, and their provisions. Understanding key concepts may…
Read moreIn Bangladesh, Tax Deducted at Source (TDS) and VAT Deducted at Source (VDS) are the most important for revenue collection mechanisms of the National Board of Revenue. Whether you’re an…
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Ratio analysis is the most important and crucial tool in the world of accounting and finance since it allows investors to justify the financial performance of a company. So, it…
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As a human being, everybody wants financial success or independency which does not happen over the night, it requires planning and strategy on income and expenses. A personal budget is…
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