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
Chapter 1

Chapter 2

Particulars
INTROUCTION
1.1 Introduction
1.2 Objectives of the study
1.3 Methodology Scope of the study
1.4 Scope of the study
1.5 Limitation Scope of the study
COMPANY OVERVIEW
2.1 Background of Pedrollo
2.2 Vision and values
2.3 Department of HR

Page no
2
2
2
3
3

5
6
7

Chapter 3

Chapter 4

Chapter 5

Chapter 6

2.3 Products line

AIS in Modern Business

3.1 Introduction
3.2 Components of AIS
3.3 How AIS can add value to an organization
3.4 Principles of AIS
3.5 Concepts of AIS among private sector in Bangladesh
3.6 Cost effectiveness of Accounting information system

11
11
12
13
14
16

AIS Explore in Pedrollo

4.1 Accounting information system
4.1.1 Revenue
4.1.2 Expenditure
4.1.3 Conversion
4.1.4 Administration

19
20
21
25
25

Standard Accounting Practices

5.1 Introduction
5.1.1 Journal record
5.1.2 Cash book
5.1.3 Trail balance
5.1.4 Profit and loss accounts
5.1.5 Retain earrings
5.1.6 Balance sheets

28
28
35
36
37
38
39

Conclusionary Aspects
6.1 Major Findings
6.2 Recommendation
6.3 Conclusion
References

42
43
44
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
accountants 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.