OCP Report

On

Accounting Information System

A Look From Pedrollo nk Ltd.

Date of submission:

OCP Report

On

Accounting Information System

A Look From Pedrollo nk Ltd.

Submitted to

Rakibul Hasan

Department of Business Administration

IIUC

Submitted by

S. M. Sifullah

ID: M122008

EMBA

Major: Accounting

IIUC

Date of submission:

Letter of Transmittal

Date:

Rakibul Hasan

Department of Business Administration

IIUC

Sub: Submission of OCP report.

Dear Sir,

With immense pleasure, I am submitting my report of “Accounting Information System on

Pedrollo nk Limited” which was assigned me as a part of my MBA Program. I have tried

my level best to complete this report with the necessary information and suggested proposal

that you were provide me as your best as well.

I hope that the report will be completed as your expectations.

Thank you

Sincerely,

……………………………..

S. M. Sifullah

ID: M122008

EMBA

Major: Accounting

IIUC

Acknowledgement

It is high time for me to express my deepest gratitude to the almighty Allah. Without the

support of Allah I would not be able to complete a huge task of preparing this Report within

the scheduled time.

The report is an essential part of MBA program as one can gather practical knowledge by

learning, training, observing and doing the daily activities through absorbing of a renowned

sector. Since I have done an OCP on Pedrollo nk Ltd., I have furnished the report on

Accounting Information system of Pedrollo nk Limited as per suggestion of my supervisor.

At first, I would like to give thanks to my supervising teacher Rakibul Hasan, Faculty of

Business Studies, IIUC who instructed me in the right way and gave me proper guidelines for

preparing this Report.

I acknowledge my indebtedness to my colleagues of Pedrollo nk Ltd., Chittagong. for their

constant guidance, their wholehearted cooperation to me and valuable suggestion from time

to time despite their huge workload and I am also grateful to my colleagues of other Branches

of Pedrollo nk Ltd for their personal guidance during the report.

Finally, I convey my sincere thanks to my friends who inspire in different ways to complete

the report and the course as well.

Contents in brief

Chapter Particulars Page no

Chapter 1 INTROUCTION

1.1 Introduction 2

1.2 Objectives of the study 2

1.3 Methodology Scope of the study 2

1.4 Scope of the study 3

1.5 Limitation Scope of the study 3

Chapter 2 COMPANY OVERVIEW

2.1 Background of Pedrollo 5

2.2 Vision and values 6

2.3 Department of HR 7

2.3 Products line 8

Chapter 3 AIS in Modern Business

3.1 Introduction 11

3.2 Components of AIS 11

3.3 How AIS can add value to an organization 12

3.4 Principles of AIS 13

3.5 Concepts of AIS among private sector in Bangladesh 14

3.6 Cost effectiveness of Accounting information system 16

Chapter 4 AIS Explore in Pedrollo

4.1 Accounting information system 19

4.1.1 Revenue 20

4.1.2 Expenditure 21

4.1.3 Conversion 25

4.1.4 Administration 25

Chapter 5 Standard Accounting Practices

5.1 Introduction 28

5.1.1 Journal record 28

5.1.2 Cash book 35

5.1.3 Trail balance 36

5.1.4 Profit and loss accounts 37

5.1.5 Retain earrings 38

5.1.6 Balance sheets 39

Chapter 6 Conclusionary Aspects

6.1 Major Findings 42

6.2 Recommendation 43

6.3 Conclusion 44

References 45

Executive summary

Unlike many other accounting subjects, such as intermediate accounting, accounting

information systems (AIS) lacks a well-defined body of knowledge. Much controversy

exists among college faculty as to what should and should not be covered in the AIS course.

To some extent, however, the controversy is being resolved through recent legislation.

Begin the study of AIS with the recognition that information is a business resource. Like the

other business resources of raw materials, capital, and labor, information is vital to the

survival of the contemporary business organization. Every business day, vast quantities of

information flow to decision makers and other users to meet a variety of internal needs. In

addition, information flows out from the organization to external users, such as customers,

suppliers, and stakeholders who have an interest in the firm. An overview of these internal

and external information flows. The business organization divided horizontally into several

levels of activity. Business operations from the base of the pyramid.

In Pedrollo nk Ltd, the accounting function is the single largest user of IT. All systems that

process financial transactions impact the accounting function in some way. As end users,

accountants must provide a clear picture of their needs to the professionals who design their

systems. For example, the accountant must specify accounting rules and techniques to be

used, internal control requirements, and special algorithms such as depreciation models.

The accountant’s participation in systems development should be active rather than passive.

The principal cause of design errors that result in system failure is the absence of user

involvement.