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Messages - shahanasumi35

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Good to know the information.

Shahana Kabir

BBA Discussion Forum / Re: Easy way to learn Debit and Credit
« on: May 23, 2018, 12:45:15 PM »
Informative post .Thanks for sharing.

Shahana Kabir

Informative post .Thanks for sharing.

Shahana Kabir

BBA Discussion Forum / Re: Dhaka stocks fall for fifth session
« on: May 23, 2018, 11:21:13 AM »
Informative post .Thanks for sharing.

Shahana Kabir

BBA Discussion Forum / Re: 7 Global Issues in 2018
« on: May 23, 2018, 11:20:07 AM »
Informative posr .Thanks for sharing.

Shahana Kabir

BBA Discussion Forum / Re: Both food, non-food inflation declines
« on: May 23, 2018, 11:18:08 AM »
It is a great news for us. Thanks for sharing this information.

Shahana Kabir

Informative post .Thanks for sharing.

Shahana Kabir

BBA Discussion Forum / Re: Course Registration - BBA Program
« on: May 08, 2018, 02:20:51 PM »
Informative post.Thanks for sharing.

shahana Kabir

Informative post.Thanks for sharing.

Shahana Kabir

Business Administration / What is 'Backflush Costing'
« on: April 30, 2018, 02:17:47 PM »
What is 'Backflush Costing'

Backflush costing is a product costing system generally used in a just-in-time inventory environment. Backflush costing delays the costing process until the production of goods is completed. Costs are then "flushed" back at the end of the production run and assigned to the goods. This eliminates the detailed tracking of costs throughout the production process, which is a feature of traditional costing systems.

Shahana kabir
Assistant Professor

Business Administration / amortization schedule definition
« on: April 30, 2018, 02:11:18 PM »
amortization schedule definition

A multi-column listing of the amounts needed to eliminate a balance in a systematic manner over the life of the item. For example, an amortization schedule for a 15-year mortgage loan would show the 180 payments. The first column might be the payment number. The second column would show the amount of the payment. Column 3 would show the amount of interest being paid. Column 4 would show the principal amount being paid (total payment minus the interest payment). Column 5 would show the principal balance remaining after the payment (previous principal balance minus the current principal payment).

An amortization schedule for bond discount would show the amounts needed to be journalized over the life of the bonds in order to systematically move the amount from the balance sheet to interest expense on the income statement.

Shahana Kabir
Assistant professor

Business Administration / activity-based costing (ABC) definition
« on: April 30, 2018, 02:04:40 PM »
activity-based costing (ABC) definition

A technique for allocating costs to a product, service, customer, etc. The premise is that activities cause an organization to incur costs. Once the costs of the activities have been identified and each activity's cost has been determined, the cost of the activities is then allocated to the product, service, customer, etc. that required the activity. This technique is more logical for allocating overhead than simply allocating costs based on machine hours or direct labor hours.

Business Administration / Benapole land port needs more warehouses
« on: April 30, 2018, 02:01:10 PM »
Benapole land port needs more warehouses
Businesses tell seminar on Indo-Bangla trade
Star Business Report

Businesses that trade with India yesterday demanded more warehouses at the Benapole land port by private sector players like in the Chittagong port for proper storage of imported and export consignments.

“It's absolutely a necessity,” said Motiar Rahman, a clearing and forwarding agent, adding that 19 private warehouses were built around the Chittagong port in the last ten years for safer storage of imported and export goods.

The existing 60,000 square feet government-owned warehouse is simply not adequate for the expanded trading relationship between the two neighbouring countries, businesses said at a seminar styled “addressing land port issues for better Indo-Bangla trade”.

The seminar was organised by the India-Bangladesh Chamber of Commerce and Industry (IBCCI) and the High Commission of India in Bangladesh at the capital's Pan Pacific Sonargaon hotel.

Due to congestion on either side of the border, importers and exporters have to wait for as many as 25 days and in that time goods deteriorate in quality or go missing in the absence of adequate storage facilities.

For instance, in the past 15 days, more than 4,000 trucks have been unable to enter Bangladesh from Indian Bangaon-Chakdaha side due to lack of space in Benapole, said Rahman, who is also the chairman of the import-export sub-committee of the IBCCI.

Abdul Matlub Ahmad, the IBCCI president, echoed the same. “It is very difficult for businessmen to wait for up to 25 days for unloading goods.”

“Unless we have enough warehouses, we cannot do business. The private sector is ready to help to build the warehouses at the port and we are ready to help the government.”

Ahmad, who is also the immediate past president of the Federation of Bangladesh Chambers of Commerce and Industry, recommended making all 22 land ports along the India-Bangladesh bordering areas fully operational to further bilateral trade.

Currently, Bangladesh has 23 land ports, 22 of which are located along the Indian border. Only the Teknaf land port is with Myanmar.

Last fiscal year, Bangladesh imported goods worth $6.5 billion from India -- 90 percent of which were brought in through the land ports.

Goods worth $650 million were shipped to India in 2016-17, according to data from the Export Promotion Bureau.

If better land port facilities can be created, Bangladesh can easily grab a good portion of the $30 billion Indian apparel market, Ahmad said.

He also called for an office of the Bangladesh Standards and Testing Institution at the Benapole land port for quick release of certification.

In 2016-17, the Petrapole-Benapole land port alone accounted for 37 percent of the total trade between the two countries, said Adarsh Swaika, deputy high commissioner of India in Bangladesh.

Recognising the importance of the land port, the Indian government will convert Petrapole and Agartala into integrated check posts to facilitate the movement of cargo.

The idea behind the construction of integrated check posts is to bring different agencies and services such as customs, immigration and border security under one integrated complex and facilitate seamless movement of goods and people.

Swaika, currently the acting Indian High Commissioner, said seven more land customs stations on the India-Bangladesh border will be upgraded to integrated check posts.

For instance, work on upgrading the Dawki land customs station on the Meghalaya-Bangladesh border is already underway, he added.

In 2016-17, a total of 155.19 lakh tonnes of goods were imported and exported through the land ports, according to Shipping Minister Shajahan Khan. In 2008-09, it was 34.26 lakh tonnes.

Bangladesh earned Tk 111.47 crore from the land port last fiscal year in contrast to Tk 26.74 crore in 2008-09, he added.

“Twelve more land ports are on way now,” said Tapan Kumar Chakravorty, chairman of the Bangladesh Land Port Authority, which manages six of the land ports.

The trade imbalance with India is a reality for Bangladesh as the country imports a lot of basic goods from its largest neighbouring country, said Tariq Karim, a former Bangladesh ambassador to India.

He suggested speeding up the e-commerce facility at the land port to boost bilateral trade.

Non-tariff, procedural and regulatory barriers are standing in the way of higher bilateral trade between the two countries, said Bipul Chatterjee, executive director of CUTS International, an Indian research body.

Shahana Kabir
Assistant professor

What are the Difference Between Amortization ,Depreciation and depletion?

The cost of business assets can be expensed each year over the life of the asset. The expense amounts are subsequently used as a tax deduction reducing the tax liability for the business.

Because very few assets last forever, a finite number of years is calculated which is called the asset's useful life. In this discussion, we'll review three common methods used by business to spread out the cost of an asset. The key difference between all three methods involves the type of asset being expensed.

Depreciation is the expensing of fixed assets over its useful life. Fixed assets are tangible assets meaning they are physical assets and can be touched. Some examples of fixed or tangible assets that are commonly depreciated include:

Office furniture,
Since tangible assets might have some value at the end of their life, depreciation is calculated by subtracting the asset's salvage value or resale value from its original cost. The difference is depreciated evenly over the years of the expected life of the asset. In other words, the depreciated amount expensed in each year is a tax deduction for the company until the useful life of the asset has expired.

For example, an office building can be used for many years before it becomes run down and is sold. The cost of the building is spread out over the predicted life of the building, with a portion of the cost being expensed in each accounting year.

Depreciation of some fixed assets can be done on an accelerated basis, meaning that a larger portion of the asset's value is expensed in the early years of the assets' life. For example, vehicles are typically depreciated on an accelerated basis.

Amortization is the practice of spreading an intangible asset's cost over that asset's useful life. Intangible assets are not physical assets per se. Examples of intangible assets that are expensed through amortization might include:

Patents and trademarks
Franchise agreements
Proprietary processes like copyrights
Cost of issuing bonds to raise capital
Organizational costs
Unlike depreciation, amortization is typically expensed on a straight-line basis, meaning the same amount is expensed in each period over the asset's useful life. Also, assets that are expensed using the amortization method typically don't have any resale or salvage value, unlike with depreciation.

It's important to note the context when using the term amortization since it carries another meaning. An amortization schedule is often used to calculate a series of loan payments consisting of both principal and interest in each payment as in the case of a mortgage. The term amortization is used in both accounting and in lending with completely different definitions and uses.

Depletion refers to the allocation of the cost of natural resources over time. For example, an oil well has a finite life before all of the oil is pumped out. Therefore, the oil well's setup costs are spread out over the predicted life of the well.

With depreciation, amortization, and depletion all three methods are noncash expenses with no cash spent in the years they are expensed. Also, it's important to note that in some countries, such as Canada, the terms amortization and depreciation are often used interchangeably to refer to both tangible and intangible assets.

Shahana Kabir
Assistant Professor

Business Administration / Accelerated Depreciation
« on: April 30, 2018, 01:49:54 PM »
What is 'Accelerated Depreciation'

Accelerated depreciation is any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years of the life of an asset. While the straight-line depreciation method spreads the cost evenly over the life of an asset, an accelerated depreciation method allows the deduction of higher expenses in the first years after purchase and lower expenses as the depreciated item ages.

Shahana Kabir
Assistant Professor

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