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FINANCIAL
ACCOUNTING
PROJECT
Presented by BAHRIA UNIVERSITY students,
Program BS(Supply Chain Management)

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TEAM MEMBERS:
HAMZA IFTIKHAR (02-116202-004)
AZMATULLAH BAIG (02-116202-008)
HUZAIFA ALI ABID (02-116202-005)
USMAN ZAFAR (02-116202-035)

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INTRODUCTION

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“ AHMED RAZA (ACCA, APFA)

He is Senior Auditor at Controller General of Accounts,
Government of Pakistan for last three years. In Lahore
District, Punjab, Pakistan.

About,
ACCA Member
PIPFA Member

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INTERVIEW
QUESTIONS

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How corporate assets are managed How Corporate short-term and long-term
liabilities are managed

• Pakistan Post having both Fixed Assets and
Current Assets
 enable a firm to account for all its fixed
assets
 helps identify and managed risks
 Developing a strategic asset
management plan
• short term and long term liabilities
• conscious of your cash flow
• good accounting practices
• monthly budgets restrictions
• PP launch a new advanced system by name
Ms urgent mail service (UMS)

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What methods have you used to estimate bad
debt?
 percentage of sales
 percentage of receivables
• Pakistan Post using method percentage
of receivables, but this method is not
meeting to recover the bed debt due to
poor managements and financing
infrastructure.
Significance of Share capital in a large
organization as compared to debt financing
 Dept financing help the company for
adjusting and maintaining loan
• PP is sharing capital with government
and government giving subsidy on large
loans etc and also utilizing fixed assets
to overcome large debts
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How dividends distribution policy works
 Regular dividend policy: In this policy
company give limited amount dividend
even profit of the company is high or low,
dividends remain same
 Stable dividends policy: In this policy
company give percentage of dividends
based on profit. Higher the profit higher
the dividend
• PP Based on above policies dividends
distribution policy works.
what is ERP system have you ever experienced
while working?
 SAP is a type of ERP which is currently in use
of many companies
 80% of government institution
 SAP was funded by world bank in 2004.
• As he is a government worker he is very
well known by SAP he also concluded
that it consist of individual id on which
they do entry like; payroll, pension and
many more etc.
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Impact of dividend distribution on share price Impact of depreciation calculation method on

of the company? the corporate income and expenses

• The company having good dividend or • straight line method

positive history of dividend, price of that • double declined method
company share will automatically increase
and people will relay or trust on that
company to buy their shares and if the
company is not good at dividend and its
history is negative people will not buy their
shares and there share price will be low and
unfortunately those people who are holding
their share will sell them immediately

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What is the most challenging analysis problem what is the future of Amazon in Pakistan Post
you have faced at work Office

• FATF • Amazon is not feasible in present Pakistan

• FATF demand to regularized/ digitized/ inter Post infrastructure
link Pakistan Post office finance/ accounting • Pakistan Post will made different Amazon
system desk in all major cities
• Pakistan Post have facility of manual • there will be a huge revenue generated
accounts and having limited access only for through the online purchases of Amazon
particular GPO
• Pakistan Post having more than 350000
stakeholders it need time to digitize their
data so it is a big challenge for company

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• Conditions laid by Financial Action Task Force

• Pakistan Post started abolishing system of saving and ending army pension system which will be
transferred to banks
• Department’s annual revenue will be reduced from Rs12 billion to one-third
• Decision to withdraw two major financial tasks from the Pakistan Post will affect millions of users
across the country as well as affect the revenue of the government
• Amazon in Pakistan Post, Office has designated the appointment of senior officers from 9 cities of
Pakistan
• The enablement of Amazon in Pakistan is a positive step in bridging the businesses to international
retail
• In US alone amazon generates 23.1% revenue of web purchases. Even in 2020, the revenue hyped up
to 26%
• Revenue scenario in Pakistan Post, will be a huge revenue generated through the online purchases of
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