EAST WEST UNIVERSITY

Group work
Course Title: Intermediate Accounting I
Course Code: Act411
Section: 02
Submitted To:
Dr. Anup Chowdhury
Dean, Faculty of Business & Economics
Professor, Department of Business Administration
Submitted By:

Name Id
Mostaque Ahmed Annto 2017-3-10-033
MD Shakil Ahmed 2016-3-10-019
Afra Nawar 2017-1-10-132
Israt Jahan Jarin 2017-3-10-045
Jannatun Nayeema Himika 2017-3-10-008
Sohidul Islam Pial 2017-3-10-037
Farisa Jebin 2017-3-10-041

Date of Submission: 14-12-2020

The course aim to provide us with a depth understanding of financial report analyses. The
course will help us to appraise theoretical and regulatory national framework as well as to
prepare reports and financial statement of the company. The course intended to provide a
strong foundation for advance course in financial accounting with ability to apply theses for
the preparation of financial related information to meet internal and external obligations.

From this course, we can use accounting as a language of a business because it is related with
money or cash. We can also use various financial statement in decision making by providing
data through a variety of statements including the balance sheet and income statements.
Moreover, we can give investors and lenders more power in decision making. We also learn
the fundamental accounting principle (Revenue recognition principle, cost principle,
matching principle, objective principle) and assumptions (Going concern, consistency,
Accrual basis). All these are necessary to prepare a financial statement.

Before joining this course we had many expectations regarding many different aspects of
accounting and most cases our expectations has been fulfilled. But there are some specific
objects that has not been achieved yet. We have not learned about the ethical dilemmas’ an
accountant faces sometimes and what to do in those situations. We expected to gain
knowledge about internal control techniques but our expectations have not met yet. We have
not learned about how to make proper decisions by analyzing the financial statements as a
whole. But we are hopeful and certain that by the end of this course, all our expectations will
be met.