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ICMAB holds Workshop on Bangladesh Cost Accounting Standards

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) has arranged a workshop on Exposure draft of Bangladesh Cost Accounting Standards (BCASs) on 5th November, 2016 at ICMA Bhaban, Nilkhet Dhaka, says a press release.

Mr. M. Abul Kalam Mazumdar FCMA, Chairman of the Cost Accounting and Financial Reporting Standards Committee (CAFRSC) and former President of the Institute Presided over the Workshop. The Chairman in his introductory speech mentioned that cost accounting standards are required to provide guidance to the users of cost statements, regulators, government, researchers and academicians for the purpose of uniformity and consistency in classification, measurement and assignment of costs. Thirteen standards were presented in the workshop. Mr. Mazumdar mentioned that earlier ten standards were issued and these thirteen standards would be issued by ICMAB soon after incorporating the comments and suggestion from the participants. Considerable number of members of the Institute attended the workshop and discussed on the drafts.

Mr. Nikhil Chandra Shil, FCMA, Assistant Professor, East West University Bangladesh who edited the standards presented them in the workshop. Mr. Jamal Ahmed Choudhury FCMA, Vice President, Mr. Md. Abdur Rahman Khan FCMA, Secretary and Prof. Dr. Swapan Kumar Bala FCMA, Treasurer of ICMAB were amongst others who discussed on the standards.

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