Current Developments and Trends in Social

An Internship Report on The specie Management Process of ACI LIMITED Submitted By MD. NOOR-UDDIN ID NO-08091201027 MBA Intake 14th Bangladesh University of patronage & Technology (BUBT). Submitted to prof. M. hakim program director, ( mba ) Bangladesh University of Business & Technology (BUBT). Acknowledgement At first, 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 report.Next, I would like to commune my heartiest gratitude and greetings to my host organization supervisor Syed Hasrat Zafar, Sr. Executive in Finance department who provided me the guidance and support whenever necessary. During my internship and preparing this internship report I received a genuinely much friendly and wholehearted cooperation attitude from all the staffs and members of ACI Limited. I would like to thank them for their cooperation that helped me to complete internship and mend the report. Company Background ACI was established as the supplemental of Imperial Chemical Industries (ICI) in the then East Pakistan in 1968.After independence the company has been incorporated in Bangladesh on the 24th of January 1973 as ICI Bangladesh Manufacturers Limited and to a fault as Public Limited Company. This Company also obtained listing with Dhaka Stock deputise 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 Advanced 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 multinational heritage. ACI SRAMIK KARMACHARI UNION established on October, 1972. This union establish on ACI Pharma Production . At present there worked 154 workers in factory and in head office & distribution there work 11 people. They interact as non-management staff. They have polar salary structures, leave & benefit packages and other packages like provident fund, gratuity, ex-gratia and leave encasement Mission ACIs mission is to enrich the quality of life of people through responsible application of knowledge, skills and technology. ACI is committed to the pursuit of excellence through world-class products, ripe processes and empowered employees to provide the highest train of satisfaction to its customers. Vision To realize the mission ACI will Endeavor to attain a position of leadership in each category of its businesses. 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 nub competencies. Develop its employees by encouraging empowerment and rewarding innovation. Promote a n environment for learning and personal growth of its employees. Provide products and services of high and consistent quality, ensuring esteem for money to its customers. Encourage and assist in the qualitative improvement of the services of its suppliers and distributors. Establish harmonious relationship with the community and promote greater environmental righteousness within its sphere of influence. Values Quality no compromise with the quality would be made. Customer Focus customer satisfaction and requirements would be given the highest priority. achromasia equal preference for all the respected clients. Transparency no hidden agenda. Continuous 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 Limited & Trade Union by using different financial analysis techniques. Methodology Ad opted to complete the Internship Report Research Methodology In this study, exploratory question was undertaken to gain insights company procedures and practices. Then the self-possessed data was analyzed and compared with the accepted practices according to the standard 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 Primary Sources Oral interview with various officers of the company. explanation records- vouchers, journal, ledgers etc both in electronic and paper Company manuals Secondary Sources motley 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 possible due to constraints and restrictions posed by the organization. The report was written from an individuals perception. So, all the findings might not be objective. Getting relevant papers 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 discussion 19 4. 1 Cash management 19 4. 2 Bank 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. aci-bd. com/knowledgeshare. php