Activities of Accounts & Finance of LPG Industries: A Case Study on Bashundhara Group

Abstract

This abstract provides a concise overview of the comprehensive literature review on the "Activities of Accounts & Finance in LPG Industries," with a particular emphasis on the esteemed Bashundhara Group as a case study. The review explores the vital role of financial management in the dynamic LPG sector, covering key aspects such as financial planning, cost analysis, revenue management, compliance, risk management, and the strategic financial activities of Bashundhara LPG. The literature underscores the critical significance of financial planning and budgeting in the LPG industry, emphasizing the need for robust strategies that align with market dynamics. Cost analysis and management practices, including Activity Based Costing, are highlighted as essential tools for optimizing operational efficiency. The review delves into revenue management and pricing strategies, emphasizing the importance of dynamic approaches to navigate the market's volatility and maintain competitiveness. Financial reporting and compliance with international standards emerge as crucial components, reflecting the transparency and accountability required for stakeholder trust. The exploration of risk management practices reveals the industry's need for adaptive strategies to address market fluctuations and regulatory changes effectively. The case study on Bashundhara Group provides practical insights into the implementation of these financial activities, showcasing the company's commitment to strategic financial planning, risk mitigation, and transparent reporting. The abstract concludes by affirming the pivotal role of accounts and finance in LPG industries, with Bashundhara Group serving as a notable exemplar. The insights derived from this literature review contribute to a deeper understanding of financial dynamics in the LPG sector, offering valuable lessons for industry practitioners, researchers, and policymakers alike. This study explores the intricate landscape of financial activities within the Liquefied Petroleum Gas (LPG) industry, with a specific focus on the renowned conglomerate, Bashundhara Group. The investigation delves into the critical role played by the accounts and finance departments in shaping the fiscal health and strategic trajectory of Bashundhara LPG. The study encompasses various dimensions, including financial planning, cost analysis, revenue management, compliance, risk mitigation, and stakeholder communication.