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Assignment on

"Learning from Analysis of Financial

Statement & it's application in career

Submitted To:

Dr. Prashanta Kumar Banerjee

Bangladesh Institute of Bank Management-BIBM

Submitted By:

Md. Ariful Islam


MEcon (2nd Batch.)

Deputy Director

Bangladesh Bank

Date of Submission: 08 January, 2016.

Learning from Course no-521 - Analysis of
Financial Statement

This course elucidates the objectives of financial statements in a significant approach. The
accounting principles used in compiling financial statements and the qualitative characteristics of
data appearing on financial statements are relevantly and reliably described. This course
encompasses: Financial Reporting Mechanics, Financial Reporting Standards, Understanding the
Income Statement, Understanding the Balance Sheet, Understanding the Cash Flow Statement,
Financial Analysis Techniques, International Standards Convergence, Financial Statement
Analysis: Applications, Long - Term Liabilities and Leases, Multinational, Operations, Reporting
Quality etc. Under the guidance of the course instructor a broad syllabus has been covered. The
learning from this course are depicted below:

Definition of Accounting; Extended Accounting Equations;

Process involved with accounting; Accounting Standards (GAAP &
Transaction Vs Events; IFRS) issue of Convergence;
Accounting Principles & Bank's Financial Statement;
Assumptions; Income & Expense;
Accounting Equations;
Difference between Expense Vs Capital Adequacy Ratio;
Expenditure; Fund Utilization Ratio;
Asset =Liability+Equity; Earnings Ratio;
Types of Asset- a) current asset, b) Productivity & Efficiency Ratio;
non-current asset; Accounting Period (Periodically
Types of liabilities- a) current Assumption);
liability, b) non- current liability; Provision & Reserve;
Income statement; Discount: a) Cash, b) Trade
Balance Sheet; Depreciation- Treatment of
Cash flow Statement; Depreciation in FS & BS;
Equity/Capital; Cost : Type of Cost a) Prime Cost, b)
Bank's Balance Sheet; Conversion;
Liquidity Ratio (Current Ratio,
Quick Ratio or Acid Test Ratio);
Profit & Cost; Specific Definitions: 1) A/C Payable
Waiver Vs Rebate; (Notes Payable) , 2) A/C
What is Financial Statement Receivables, 3) Accumulated
Analysis? Depreciation, 4) Bad Debt Expenses,
Measures & Standards: a) Liquidity, 5) Depreciation, 6) Intangible Asset,
b) Solvency, c) Productivity, d) 7) Current Asset, 8) Current
Profitability; Liability, 9) Retained Earnings, 10)
Sales Returns & Allowances, 11)
Unearned Service revenue.

........ it's application in career.

This course has significant impact for any learner in shaping career. But already being in
a job like central bank, its huge opportunity to implement the learning directly in regular
task. The learning from this course will help in reporting, examining financial statements,
conducting effective inspection on banks & financial institutions, tracking fraud and
forgeries etc. Thus the learning will give a boost to career.

Currently I am working at Department of Financial Institute & Market- DFIM of

Bangladesh Bank. Where I have to examine monthly Risk Management Paper, Risk
Management Minutes and prepare consolidated Risk Management report also have to
scrutinize the inspection reports on 33 financial institutions. While performing regular
task now I frequently use these tools learned from this course. These tools are really
effective for a professional specially in banking sector.

So learning from this course beyond doubt going to help every professional in their career
building. Really thankful to the course conductor for making the learning process so vivid
& lively. All these learning will help performing regular task efficiently with more
prudence. Thus, in turn will help in building better governance in banking sector.