Disclosure of Financial Statements: A Study on Mobile Telecommunication Companies in Bangladesh
DOI:
https://doi.org/10.18034/ajtp.v3i1.397Keywords:
Disclosure, Financial Statements, Mobile Telecom Companies, BangladeshAbstract
Accounting information produced by AIS through preparing the different financial statements of the selected mobile telecommunication companies is used to meet the needs of interested stakeholders for taking effective decision to serve the different purpose. The selected mobile telecommunication companies follow the provision of IASs/BASs and IFRSs/BFRSs for preparing and presenting the different financial statements. The selected mobile telecommunication companies also follow the Companies Act, 1994, the Securities and Exchange Rules 1987 and other applicable laws in Bangladesh. Accounting Information Systems of the selected mobile telecommunication companies collects stores and disseminates data for the purpose of providing meaningful information to the interested users that assist planning, controlling, coordinating, analyzing and taking effective decision. The general purpose of preparing the different financial statements of the selected mobile telecommunication companies is to provide accounting information to the interested users for taking every effective decision making process. Accurate judgments are impossible unless financial statements are clear and understandable by the interested parties. The study focuses the extent of disclosure scores of the income statement and balance sheet items of the selected mobile telecommunication companies over five years from 2008 to 2012. The results show that the average disclosure scores of income statement and balance sheet items are satisfactory and there is significant difference in disclosure scores of income statement and balance sheet items of the selected mobile telecommunication companies during the period under study. The results also show that most of the respondents reveal that the accounting information produced by AIS of the selected mobile telecommunication companies is moderately adequate and informative and there was significant and non significant difference of opinions among the respondents regarding the adequacy and informativeness of accounting information produced by AIS of the selected mobile telecommunication companies.
JEL Classifications Code: M41, F38
Downloads
References
Abedin MM, Ahmed AA and Neogy TK. 2012. Mechanism of Accountability and Auditing: Public Sector Scenarios of Bangladesh Journal of Business Studies, 4, 131-148.
Ahmed AA and Neogy TK. 2010. Forensic Accounting in Bangladesh: Emergence and Introduction Development Compilation, 3, 71-82.
Ahmed AA, Khan W and Hossain MS. 2011. Reporting Practice of Accounting Disclosure on Changes in Listed Companies of Bangladesh ASA University Review, 5, 83-96.
Ahmed AA. 2009. Measurement and Analysis of the Extent of Timeliness in Corporate Annual Reports of Banking Sector in Bangladesh Development Compilation, 1, 45-56.
Ahmed AA. 2009. The Effect of Timeliness Regulation of Corporate Financial Reporting: Evidence from Banking Sector of Bangladesh Accounting and Management Information Systems, 8, 216 - 235.
Ahmed AA. 2012. Disclosure of Financial Reporting and Firm Structure as a Determinant: A Study on the Listed Companies of DSE ASA University Review, 6, 43-60.
Ahmed AA. 2015. Relationship between Foreign Direct Investment and Company Taxation: Case of Bangladesh American Journal of Trade and Policy, 2, 125-129.
Ahmed AA. In: Business Management (https://www.lap-publishing.com/), ed. 2012. Compliance of Financial Disclosure: Long Walk to Accounting Research 1 Germany: LAP LAMBERT Academic Publishing.
Akter and Hoque (1993), “Disclosure Practices in Bangladesh: A Case Study of the Banking Sector”, Dhaka University Journal of Business Studies, Vol. 14(2), pp. 29-42.
Akter, et.al. (2007), “The effect of the phases of system development life cycle (SDLC) on the performance of Accounting Information System (AIS) development: the Bangladesh scenario”, ASA University Review, Vol. 1, No.1 (First issue), July-December.
Alam, et. al., (2007), “Factors Affecting Customer Satisfaction in the Mobile Phone Industry: An Empirical Study in Bangladesh”, Journal of Business Administration, Vol. 33, No. 3 & 4, PP. 43-70.
Audited Annual Reports of Grameenphone Ltd. and Teletalk Bangladesh Limited over five years from 2008 to 2012.
Bairagi, A. K., Roy, T. and Polin, A. (2011),”Socio-Economic Impacts of Mobile Phone in Rural Bangladesh: A Case Study in Batiaghata Thana, Khulna District”, IJCIT, Vol. 02, Issue 1, pp. 42-48.
Bangladesh Economic Review, (2006), Economic Adviser’s Wing, Finance Division, Ministry of Finance, Government of the People’s Republic of Bangladesh.
Begum R, Ahmed AA and Neogy TK. 2012. Management Decisions and Univariate Analysis: Effects on Corporate Governance in Bangladesh Journal of Business Studies, 3, 87-115.
Dey MM and Ahmed AA. 2009. Bank Loan Officers' Perceptions of Corporate Financial Disclosure in the Banking Sector of Bangladesh: An Empirical Analysis Research Paper, 1-8.
Dey, (2007), “Accounting Information System in Commercial Banks - An Evaluation in Bangladesh”, the Bangladesh Accountant, pp 80-88.
Haider and Akhter, (2006), “Accounting Information Quality: An Area of Extended Thinking”, the Cost and Management, Vol. 34, No. 3, pp. 5-14.
Hossain, et. al, (2008), Financial Performance of GrameenPhone Ltd.: An Overview, Islamic University Studies (Part - c), Volume 7, No. 2, June.
Jahan, (1999), “Quality of Information Used in Small Enterprises Marketing Management and Its Impact on Business: A Case Study of Kushtia District”, Islamic University Studies, Part-C, Vol. 2, No. 1, pp. 223-234.
Kam, (1986), “Accounting Theory”, John Wiley & Sons, U.S.A.
Khan, M.Y. and Jain, P.K. (2002), Financial Management, Prentice Hall of India New Delhi.
Kieso, D. E., Weygandt, J. J. and Warfield, T. D. (2004), “Intermediate Accounting”, Eleventh Edition, USA, John Willey & Sons, Inc.
Marston, C. and Robson, P. (1997), “Financial Reporting in India: Changes in Disclosure over the Period 1982 to 1990”, Asia-Pacific Journal of Accounting, June, pp. 109-140. DOI: https://doi.org/10.1080/10293574.1997.10510513
Moscove and Simkin (1981), “Accounting Information Systems”, John Wiley & SONS, New York.
Muttakin and Hossain (2003), “Presentation of Financial Statements: A Study of the Listed Cement Companies”, the Bangladesh Accountant, pp. 22-32.
Neogy TK and Ahmed AA. 2015. The Extent of Disclosure of Different Components of Disclosure Index: A Study on Commercial Banks in Bangladesh Global Disclosure of Economics and Business, 2, 100-110.
Onaolapo and Odetayo (2012), “Effect of Accounting Information System on Organization Effectiveness: A Case Study of Selected Construction Companies in Ibadan, Nigeria”, American Journal of Business and Management, Vol. 1, No. 4, pp. 183-189.
Pandey, I. M., (2007) Financial Management, Vikas Publishing House Pvt. Ltd., Delhi.
Pyle and Larson, (1984), “Fundamental Accounting Principles”, Tenth Edition, Richard D. Irwin, Inc., U.S.A
Quader MT, Neogy TK and Ahmed AA. 2010. Econometric Growth Rates Analysis of Basic Bank Limited in Bangladesh: An Evaluation Development Compilation, 4, 48-60.
Ratan, S. R. A., Alam, M. S. and Sohel-Uz-Zaman, A. S. M. (2007), “Innovation Strategy: A Realistic Example in Bangladesh Mobile Telecommunication Service Marketing”, The Cost and Management, Vol. 35, No. 1, January-February, pp. 49-58.
Romney and Steinbart, (2006), “Accounting Information Systems”, Tenth Edition, Person Education, Inc., U.S.A.
Rouf MA, Hasan MS and Ahmed AA. 2014. Financial Reporting Practices in the Textile Manufacturing Sectors of Bangladesh ABC Journal of Advanced Research, 3, 57-67.
Sajady et. al. (2008), “Evaluation of the Effectiveness of Accounting Information Systems”, International Journal of Information Science and Technology, Volume 6, Number 2, pp. 49-59.
Siddiqui and Chowdhury, (2003), “Relevance of Accounting Information in Bangladesh: An Empirical Study”, Journal of Business Studies, Vol. XXIV, No. 2, pp. 119-126.
Sori, (2009), “Accounting Information Systems (AIS) and Knowledge Management: A Case Study”, American Journal of Scientific Research, Issue 4, pp. 36-44.
Summers, (1989), “Accounting Information Systems”, Houghton Mifflin Company, USA
Weygandt, et. al. (1976), “Accounting Principles”, John Wiley & Sons Inc., 6th Ed., New York.
Wilkinson, et. al. (1986), “Accounting and Information Systems”, Second Edition, Join Wiley and Sons, Inc., U.S.A
--0--
Downloads
Published
Issue
Section
License
American Journal of Trade and Policy is an Open Access journal. Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal the right of first publication with the work simultaneously licensed under a CC BY-NC 4.0 International License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of their work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal. We require authors to inform us of any instances of re-publication.
How to Cite
