Current Developments and Trends in Social

An Internship extend on The Cash heed Process of ACI LIMITED Submitted By MD. NOOR-UDDIN ID NO-08091201027 MBA Intake fourteenth Bangladesh University of Business & Technology (BUBT). Submitted to prof. M. hakim program director, ( mba ) Bangladesh University of Business & Technology (BUBT). realization At get-go, offer my sincere gratitude and thanks to my internal supervisor of internship program, Prof. M. A Hakim, Program Director, (MBA) for giving me the necessary instructions, suggestions and guidelines for preparing this history.Next, I would bid to convey my heartiest gratitude and greetings to my master of ceremonies organization supervisor Syed Hasrat Zafar, Sr. Executive in Finance incision who erectd me the guidance and support whenever necessary. During my internship and preparing this internship report I received a very much friendly and wholehearted cooperation attitude from every last(predicate) the staffs and members of ACI Limited. I would the like to thank them for their cooperation that helped me to complete internship and prepare the report. play along Background ACI was established as the subsidiary of Imperial Chemical Industries (ICI) in the then East Pakistan in 1968.After independence the community has been incorporated in Bangladesh on the 24th of January 1973 as ICI Bangladesh Manufacturers Limited and overly as Public Limited Company. This Company also obtained listing with Dhaka Stock Exchange on 28 December, 1976 and its first trading of shares took place on 9 March, 1994. Later on 5 May, 1992, ICI plc divested 70% of its shareholding to local management. Subsequently the company was registered in the name of sophisticated Chemical Industries Limited. Listing with Chittagong Stock Exchange was made on 22 October 1995.Advanced Chemical Industries (ACI) Limited is one of the leading conglomerates in Bangladesh, with a transnational heritage. ACI SRAMIK KARMACHARI UNION established on October, 1972. This uni on based on ACI pharmaceutical company Production. At present there worked 154 workers in factory and in passing office & distribution there work 11 people. They treated as non-management staff. They have different salary structures, leave & benefit packages and other packages like provident fund, gratuity, ex-gratia and leave encasement Mission ACIs mission is to improve the quality of life of people through responsible application of knowledge, skills and technology. ACI is move to the pursuit of excellence through world-class products, forward-looking processes and empowered employees to provide the highest level of satisfaction to its customers. Vision To realize the mission ACI will attack to attain a position of leadership in each constellation of its businesses. Attain a high level of productivity in all its operations through effective and efficient use of resources, bankers acceptance of set aside technology and alignment with our core competencies. Develo p its employees by encouraging sanction and rewarding innovation. Promote an environment for learning and personal growth of its employees. interpret products and services of high and consistent quality, ensuring value for money to its customers. Encourage and advocate in the qualitative improvement of the services of its suppliers and distributors. Establish harmonious family relationship with the community and promote greater environmental responsibility within its sector of influence. Values Quality no compromise with the quality would be made. node Focus customer satisfaction and requirements would be given the highest priority. Fairness adapted preference for all the respected clients. Transparency no hidden agenda. dogging Improvement would always seek improvement. Innovation try to provide customers with innovative products and ideas. Objectives of the Report The purpose of the study is to find out the effectiveness of Non Management agreement between ACI L imited & Trade Union by victimization different financial analysis techniques. Methodology Adopted to complete the Internship Report Research Methodology In this study, exploratory research was undertaken to gain insights company procedures and practices. Then the gathered data was analyzed and compared with the accepted practices according to the banner accounting principles.Both the primary as well as the secondary form of information was used to prepare the report. The details of these sources are highlighted below master(a) Sources Oral interview with various officers of the company. be records- vouchers, journal, ledgers etc both in electronic and paper Company manuals Secondary Sources Various accounting related books and periodicals. Bangladesh Accounting Standard guide. Website information. Limitations to Prepare the Report Time frame for the research is limited.The adoption to the organization takes a lot of time. Detailed research was not potential due to constr aints and restrictions posed by the organization. The report was written from an individuals perception. So, all the findings might not be objective. Getting relevant paper and documents have been extremely difficult. To protect the organisational confidentiality, some parts of the report will be edited. Most examples have been provided with imaginary figures to keep with the organizational rules. The management seems to get woks out of the intern rather than helping in the academic pursuit. 3. Scope of the Project 19 4. Topic analysis and password 19 4. 1 Cash management 19 4. 2 lodge Reconciliation 22 4. 3 Working Capital 26 4. 4 Petty Cash 28 4. 5 Overdraft 33 4. 6 journal 35 4. Risk Management 37 5. Findings & Analysis 44 6.Recommendation 48 7. Conclusion 50 Bibliography * Accounting records- vouchers, journal, ledgers etc both in electronic and paper. * Company manuals. * Web Site of ACI Limited, * Web pages of www. aci-bd. com.. * http//info. ac i-bd. com/knowledgeshare. php