Accounting Information System of Abdul Monem Limited

Abstract

Current business trends have made it imperative for almost all large organizations to maintain effective internal control systems. Internal control has attracted intense debate and scholarly attention across industries in accountancy and auditing literature over the past decades. This study was conducted into the effectiveness of Accounting information system of Abdul Monem Sugar Refinery Limited (AMSRL). The main objective of the study is to appraise the accounting information systems of Abdul Monem Limited. The specific objectives included;  To identify the relevant recording process  To show the flow of fund  To visualize the accounts control system  To discuss the reporting process  To identify the auditing aspects  To try to make an overall picture of AMSRL accounting practices Abdul Monem Sugar Refinery Limited is one of largest construction and manufacturing based group of companies as per size and operational area among top ten group of companies in Bangladesh. It has almost seven to eight business sectors which is operated solely in today’s marketplace of Bangladesh, especially for Igloo Ice cream, Coca Cola and for engineering sector. AML aims to be the first in manufacturing and construction sector within the next few years and how it is performing, it shows that the day is not so far when it will reach to its destination. Accounting Information System of AMSRL is literally strong and efficient regarding the expenditures. This Accounting Information System of AML has several policies, procedures and guidelines comply with the Bangladesh Standards on Auditing (BSA) rules and regulation. After analyzing the primary and secondary data I realize that the Accounting Information System of AML, helps the organization to manage its all departments in an efficient manner.