Thesis Paper

On
Accounting Information System of Akij Grop

i
 Thesis Paper
on
Accounting Information Systems of Akij Group

Submitted To
Mr. Kartik Chandra Mondal
Assistant Professor
Faculty of Business
ASA University Bangladesh.

Submitted By
Shihab Uddin
ID: 14-2-12-0065
Program: BBA
Major in Accounting
Faculty of Business
ASA University Bangladesh

Date of Submission: 7th April, 2018

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 Letter of Transmittal
Date: 7th April, 2018

To
Mr. Kartik Chandra Mondal
Assistant Professor
Faculty of Business
ASA University Bangladesh.

Subject: Submission of Thesis Report on Accounting Information Systems of Akij

Group

Dear Sir,
It is my great pleasure to submit you my thesis report on Accounting Information
Systems of Akij Group I have tried my best to complete this report properly following the
guidelines provided by you and concerned organization.

I have confidence that the thesis report has increased both of my practical experience and
theoretical knowledge to a great extent. I will be obliged to answer any query that many
arise during the evaluation of the report. So, I am fervently requesting and hope that you
would be kind enough to accept my report and oblige thereby.

Sincerely Yours,

-----------------------------
Shihab Uddin
ID: 14-2-12-0065
Program: BBA
Major in Accounting
Faculty of Business
ASA University Bangladesh

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 Student’s Declaration

l hereby declare that this thesis and the work reported here in was composed by and
originated entirely from me. Information derived from the published and unpublished work
of others has been acknowledged in the text and references are given in the list of sources.

………………………….

Shihab Uddin
ID: 14-2-12-0065
Program: BBA
Major in Accounting
Faculty of Business
ASA University Bangladesh

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 Supervisor’s Certificate

This is to certify that Shihab Uddin, ID: 14-2-12-0065, Program: BBA, Major in
Accounting, Faculty of Business, ASA University Bangladesh has completed the thesis
work on Accounting Information Systems of Akij Group successfully under my
supervision.

I have gone through the final draft of the project and approved it for submission.

I wish him every success in life.

--------------------------------

Mr. Kartik Chandra Mondal

Assistant Professor
Faculty of Business
ASA University Bangladesh.

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 Acknowledgement
From the core of my heart I would like to convey my earnest admiration, loyalty and
reverence to the almighty Allah, the most merciful, for keeping everything in order and
enabling me to complete this project work successfully.

First let me express my thanks to my research supervisor Mr. Kartik Chandra Mondal,
Assistant Professor, Faculty of Business, ASA University Bangladesh. He gives me my
first introduction to the world about financial Market. It would be impossible for me to
finish this research without his direction and encouragement. It has been a pleasure to have
worked with him. His support supervision and assistance will always be greatly
appreciated.

I am thankful and grateful to all the employees of Akij Group. Securities and Exchange
Commission (SEC) and Dhaka Stock Exchange (DSE for their help. I also recalls with
gratitude, the patience they showed during my frequent interruptions in their regular jobs
for answering my various queries.

I also express my profound gratitude to all other teachers for their kind help and valuable
suggestion. I also thank ASA University Bangladesh and generally thank to the office staff
for their collaboration.

Finally, I stretch out my heartiest love to my beloved mother, father, sister and brother
during the progress of the project work paper for their direct and indirect co-operation
without which this study would be impossible.

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 Table of Contents
Title Page no.
Title Fly i
Title Page ii
Letter of Transmittal iii
Student’s Declaration iv
Supervisor’s Certificate v
Acknowledgement vi
Table Contents vii-x
Executive Summary xi
CHAPTER-1- INTRODUCTION 1-3
1.1 Introduction 2
1.2 Background of the Study 2
1.3 Objectives of the Study 2
1.3.1 General Objective 2
1.3.2 Specific Objective 2
1.4 Scope of the Study 3
1.5 Limitations of the study 3
CHAPTER-2-Methodology of The Study 4-6
2.1 Methodology of the Study 5
2.1.1 Research Type 5
2.1.2 Sources of Data 5
2.2 Data Collection Procedure 5
2.2.1 Sampling Plan 6
2.2.1.2 Target population: 6
2.2.1.3 Sample Size 6
2.2.1.4 Sampling Method 6
2.2.1.5 Sample Frame 6
2.3 Data Analysis & Reporting 6
CHAPTER-3- Literature Review 7-21
3.0 Concepts of Accounting Information System (AIS) 8
3.1 What Is Accounting Information Systems 8
3.1.1 Data input function 9
3.1.2 Data Processing 9
3.1.3 Information output 10

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3.2 Manual vs. Computerized Accounting Systems 10
3.2.1 Manual Accounting 10
3.2.2 Manual Accounting Benefits 11
3.2.3 Computerized Accounting 11
3.2.4. Computerized Accounting Benefits 11
3.2.5 Best Method 11
3.3 Components of Accounting Information Systems 12
3.4The Basic Functions of an Accounting Information System 12
3.4.1 Collect and Store Data 12
3.4. 2 Provide Information 13
3.4.3 Provide Controls 13
3.5 Objectives of an Accounting System 13
3.6 Types of Accounting Information system 14
3.6.1 External Funding Information 14
3.6.2 General Purpose Financial Statements 14
3.7 Subsystems Accounting Information System 14
3.8 Users of Accounting Information System 15
3.8.1 Other Users 16
3.9 Benefit of Accounting Information System 17
3.10 What are Management Information Systems? 18
3.11 Information system in General 19
3.12 Software Tools in the Accounting Process 19
3.13 Accounting software 19
3.14 Relationship Between The Organization And AIS 20
3.15 Flowchart of the AIS If Use A Software 21
CHAPTER 4- Company At Galance 22-28
4.1: History 23
4.2: Statistical Data 24
4.3: Mission (Akij Group) 24
4.4: Organizational Structure (Akij Group) 25
4.5 The following departments: 25
4.6: Portfolio of Akij Group 25
4.7 Companies of Akij Group 26

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CHAPTER: 5- Analysis and Discussion 28-42
5.1 Accounting Information System (AIS) 29
5.2 Characteristics of useful Information 29
5.3 Component of Accounting Information System (AIS) 30
5.4 How AIS can add value to an organization 30
5.5 Principles of AIS 31
5.6 Concepts of AIS among Akij Group 32
5.7 Activities of the Department 32
5.8 Strength of the Department 33
5.9 Limitation of the Department: 33
5.10 Operational system of AIS in Akij Group 33
5.10.1 Manual 33
5.10.2 Computerized 33
5.10.3 Combination of Both 34
5.11 Maintenance of computer based transaction in Akij Group 34
5.11.1 Software Base 34
5.11.2 Web Base 34
5.12 Types of software used in Akij Group 35
5.13 Main software used for maintaining AIS in Akij Group 36
5.13.1 Updating Procedures 37
5.13.2 Activities of network 37
5.13.3 Information on website for external user 38
5.13.4 Relation of FAD with network 38
5.13.5 Client’s data processing procedures in Akij Group 38
5.13.6 Batch Processing System: 38
5.13.7 Real-Time Processing System 38
5.13.8 Internal control techniques in Akij Group: 39
5.13.9 Segregation of Duties(S/D) 439
5.13.10 Documentation Control(D/C) 39
5.13.11 Reporting system in Akij Group 39
5.13.12 Internal reporting 39
5.13 External reporting 39
5.14 Principles of AIS maintained in Akij Group 39

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5.15 This part of study has been prepared by interviewing three internal users 40
of AIS of Akij Group at the branch level.
5.15.1 Opinion of internal users 40
CHAPTER: 6- Findings, Recommendation & Conclusion 43-45
6.1 Findings of the Study 44
6.2 Recommendations 45
6.3 Conclusion 45
References 46

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 Executive Summary
Manufacturing industry emerging sectors of global business where accounting information
systems is used significantly in this sector for the purpose of maintaining and monitoring
the daily company’s activities. This study is descriptive in nature and done on the basis by
the primary data where secondary data is also used. The data are being collected from Akij
group and 25 employees are surveyed as respondents for analyzing and interpreting the
perceptions of the employees concerning the role and contribution of AIS towards the
manufacture business in Bangladesh. This study investigates and examines the role of AIS
regarding the manufacture business. The study also reveals the influential forces of AIS that
strongly contributed towards the manufacturing sector. Moreover, the relationships between
the role of accounting information systems and the optimum organization services in
Bangladesh are tested using the surveyed data. The outcome of this present study may help
the concerned to develop and maintain principles and policies of AIS regarding the
organization services related activities. All kinds of organization of Bangladesh limited
Currently the magnitude of loan default is quite enormous in the manufacturing sector. This
paper attempts to discuss the issues that govern the manufacture AIS practices in
Bangladesh. And it also paints a picture of the lending practices followed by Akij Group.

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