Nurun Nabi Mahmud

A&IS 26th, Section A

Gmail- [email protected]

1. Why the accounting department turned into A&IS- Due to the extension of the subject accounting, For
example, accounting is not limited to bookkeeping or recording, it covers a huge area. the main objective
of accounting is providing information to the intended party or interested users. As accounting data are
recorded with the objective to inform or report in the form of information that is why accounting is now
called also information systems and our department is named accounting and information systems.
2. Bill vs Voucher- A bill is an itemized statement of money owed for products sold or for the services
that are provided from the seller to the buyer. It is generally related to the business. On the contrary, the
voucher is a document that contains the listing of items purchased or the services that have been provided.
It can be used for non-business purposes such as house rent or any other revenue and expenses.
3. Accounting Equation- The accounting equation is A= L+OE which represents assets, liabilities and
equity. The equation refers that assets must be equal to liabilities and owners’ equity.
4. Elements of Financial Statements- There are five elements of financial statements that are Assets,
liabilities, equity. income and expense.
5. Name of Financial Statements- There are mainly four types of financial statements with an addition that
is- notes to the financial statements. The other four statements are- income statement, owners’ equity
statement, statement of financial position, and cash flow statement.
6. Cash flow statement vs Cash Budget- A cash flow statement is different from a cash budget. A cash
flow statement shows the cash inflows and outflows which have already taken place during a past time
period. On the other hand, a cash budget shows cash inflows and outflows which are expected to take
place during a future time period. The cash flow statement shows cash inflows and outflows from the
operating activities, investment activities and financial activities of the previous. On the other hand, the
cash budget shows what will be the probable cash inflows and outflows in the upcoming year.
7. Bookkeeping vs Accounting- Bookkeeping is recording and organizing financial data. Accounting is
the interpretation and presentation of that data including the bookkeeping. Bookkeeping is a part of
Accounting.
8. Stakeholders of Accounting Information- Stakeholders of AI are those parties who are affected by the
accounting data or information of the entity. For example- owners, employees, regulatory bodies,
customers, creditors, suppliers, investors, etc.
9. Profit Maximization vs Wealth Maximization- Wealth Maximization consists of a set of activities that
manage the financial resources intending to increase the value of the stock or wealth of stockholders,
whereas, Profit Maximization consists of the activities that manage the financial resources intending to
increase the profit and profitability of the company.
10. Monetary Policy vs Fiscal Policy- Monetary policy refers to the actions of central banks that are
directed toward influencing the quantity of money and credit in an economy. Fiscal policy refers to the tax
and spending policies of the federal government.

11. Contingent Liability- A contingent liability is a liability or a potential loss that may occur in the future
depending on the outcome of a specific event. Potential lawsuits, product warranties, and pending
investigations are some examples of contingent liability.
12. Off-Balance Sheet Items- Off-balance sheet (OBS) items is a term for contingent assets or contingent
liabilities that do not appear on a company's balance sheet. Although not recorded on the balance sheet,
they are still assets and liabilities of the company.
13. Reserve vs Provision
14. Amortization vs Depreciation
15. Impairment vs Revaluation
16. Deferred Tax
17. Deferred Expenditure
18. Deferred Revenue
19. Suspense Account
20. Positive vs Normative Accounting Theory
21. Conceptual Framework
22. Accounting Principles, ( Say, matching principle)
23. Items of financial position statements are based on the different organizations.
24. Entity concept.
25. Window dressing.

Questions Below Were Asked to the Students of 26th Batch

From Azibur Rahman 26th

1. Accounting principle- Accounting principles are the rules and guidelines that companies must
follow when reporting financial data. Accounting principles guide how to report Assets,
liabilities, income, expenses, and equity in the financial statements. The International Accounting
Standards Board (IASB) issues a standardized set of accounting principles referred to as
International Accounting Standard(IAS)
2. Conservative Principle- The conservatism principle is the general concept of recognizing
expenses and liabilities as soon as possible when there is uncertainty about the outcome, but only
recognizing revenues and assets when they are assured of being received. Under the conservatism
principle, if there is uncertainty about incurring a loss, you should tend toward recording the loss.
Conversely, if there is uncertainty about recording a gain, you should not record the gain. The
conservatism principle is the foundation for the lower of cost or market rule(NRV), which states
that you should record inventory at the lower of either its acquisition cost or its current market
value.
3. Consistency Principle- The consistency principle states that, once you adopt an accounting
principle or method, continue to follow it consistently in future accounting periods so that the
results reported from period to period are comparable. For example, if I follow the straight-line
method to compute the depreciation in the previous years, I should also follow the straight-line
method in the current year also, so that I can compare my financial statements from year to year
or I can compare my depreciation expense with the other companies.
4. Financial Statement- Financial statements are formal records of the financial activities and
position of a business, person, or other entity. Relevant financial information is presented in a
structured manner and in a form that is easy to understand. To record the financial data and
express them in a structured manner, companies use five types of financial statements-income
 statements, owners’ equity statements or retained earning statements, statements of cash flow,
statements of financial position and statements of other comprehensive income.
5. The objective of the income statement- In simple words, objective of the income statements is to
determine and show the net income or net loss during an accounting period. The purpose of the
income statement is to show managers and investors whether the company made or lost money
during the period being reported. The important thing to remember about an income statement is
that it represents a period of time.

From Fuwad Ahmed Rafi 26th-

Introduce Yourself- Firstly, I would like to thank you, sir. I am.., the son of … and… here to face
the viva. I am from Dhaka District, currently living in Azimpur, Lalbag Road. I have completed
HSC from…, Mirpur and SSC from… . Both HSC and SSC were from commerce backgrounds.
Now I'm a proud student of the department of accounting & information systems, University of
Dhaka.
Besides an academic background, I also have a good intention in creative writing. I'm the literary
editor of our…. I have had two successes in creative writing. I love to write poems, Bengali
poems. Two of my poems were published in the Dhaka Times newspaper. I was selected as the
best literature writer and got the book as a prize.
I can talk about my favorite foods. My favorite food is fish with rice and dal, especially fried fish.
Also, love to recite Quran. I try to recite Quran daily. If I need to say my dream, I'd say that my
first dream is to be a better Muslim so that I can get the best reward from Allah in the form of
Jannat and be nearer to Allah and his dearest one. In my present life, I have a dream that I would
be a…
1. Management Principle- The management principle is the basic guideline for managing the
organization. in other words, the management principle is the basic guideline that helps managers
to plan, organize, coordinate, motivate, lead, and control the organization.
2. 14 principles of Management-
● Division of Work- ...
● Authority and Responsibility- ...
● Discipline- ...
● Unity of Command- ...
● Unity of Direction- ...
● Subordination of Individual Interest- ...
● Remuneration- ...
● Centralization-
● Scholar Chain
● Order
● Equity
● Stability
● Initiative
● Esprit de Corps
3. Accounting equation- The accounting equation is A= L+OE which represents to assets liabilities
and equity. The equation refers that assets must be equal to liabilities and owners’ equity.
 4. OSI model- Open System Interconnect (OSI) Model is an international reference model
developed by the International Organization for Standardization (ISO) for linking different types
of computers and networks. OSI model enables diverse communication systems to communicate
using standard protocols. In plain English, the OSI provides a standard for different computer
systems to be able to communicate with each other.
5. Linear Equation and its form- LE is an equation between two variables that gives a straight line
when plotted on a graph. The standard form of linear equation is Ax+BY= C and the standard
form of linear cost equation is Y=mx+c
6. Difference between bridge and gateway- The function of a gateway is to allow two or more
dissimilar networks to communicate as a single logical entity.
A bridge is a device that’s used to connect two similar types of networks so that they act
as if they’re one network.
Both of them are used to build a network. Using bridge and gateway enables to extend the
network and build a more rich communication area.
7. What is management- Management is the process or a set of activities that use Human, financial,
physical and information resources to conduct the management activities including planning and
decision-making, organizing, leading and controlling in an efficient and effective manner. In other
words, management is the way to make others work done.
8. What are the names of the courses of the First and Second semester- The name of the courses of
first semester is principles of accounting, introduction to business, business communication and
report writing, mathematics for business decision I and Bangladesh studies.
The courses of the second semester were intermediate accounting, computer Concepts and
applications, principles of management, mathematics for business decisions and general science
and environment.
9. Equation of a straight line- The equation of a straight line is y=mx+c, where Y can be named as
the total cost and M is the marginal cost, X is the number of units produced and C is the fixed
cost.

From Akhi Alamgir Piyal 26th

1. Purpose of business- The primary purpose of a business is to maximize profits for its owners or
stakeholders while maintaining corporate social responsibility. And the main purpose or objective
is to maximize the wealth of the owners or stockholders in the form of increase in the value of
their share.
2. Definition of a business- The legal economic activities with an aim to earn profit or serve the
society in an environment surrounded by risk and uncertainty. In more simple word, business is
an organization or enterprise involved in industrial, commercial or service activities. A business
can be a profit-making or non-profit social business.
3. Difference between Economic surplus and Profit- Economic surplus refers to the respective gains
that a consumer or producer gets within economic activity. It is the difference between the
willingness to pay and the actual payment.
On the other hand, profit is the difference between revenue and expense.
 4. Define Economy- An economy is the large set of inter-related production and consumption
activities that aid in determining how scarce resources are allocated. Resources, demands supply,
business, services, market systems, etc are the variables in the economy. I mean these are the
variables that determine the economy indeed.
5. Users of Accounting- There are internal and external users of accounting who use accounting data
or information of the entity to fulfill their demand. for example, the creditor uses accounting data
or the information of the reporting entity to make the decisions about their credit limit, interest or
others. In the same manner, the management uses accounting data to make decisions whether the
sales of this year are lower than the previous years and what is the way to increase the sales.
Internal users for example- production manager, strategic manager, employees, internal auditor,
etc. External users for examples suppliers, customers, creditors, shareholders, or other related
stakeholders.
6. What is Accounting- Accounting is a process of identifying transactions or economic events,
analyzing those before recording and then recording those transactions, and summarising so that
the intended users can use them. Here to mention that accounting system is complete without an
information system because accounting data are analyzed and summarised so that the interested
users can use them. Here information systems communicate the financial and non-financial
information to the interested users. So, I need to name the information systems to name the
accounting system.
7. The objective of accounting- The major objective of accounting is to manage and maintain a
proper record of each of the financial transactions in a systematic and coordinated way.
8. Who is the Father of Accounting- Italian mathematician and writer Luca Pacioli is the father of
accounting.
9. What is the contribution of Luca Pacioli- Luca Pacioli invented the double-entry system of
accounting. The term debit and credit we use in accounting was named by Luca Pacioli in Italian
language mentioned as Credito and Debito.
10. What is the name of the book written by Luca Pacioli- He is best remembered for his 615-page
mathematical compendium, Summa de Arithmetica Geometria Proportioni et Proportionalità,
published in 1494.

From Me
1. Introduce Yourself
2. What is Information systems
3. Decision Support Systems(DSS)
4. MIS
5. Difference of DSS & MIS
6. Pestle Analysis
7. Decentralization
8. What Time is it

From Mmr Shohan 25th

1. Where are you from
 2. Currently Living
3. Referent Power
4. Legitimate Power
5. Charismatic Leader
6. Leadership Theory

From Mustarikul Islam Raju 26th

Elaboration
● Of ICAB
● IAS
● IFRS
● IBB
● ICB
● What are the Financial Statements
Topics Asked by Minhaj Ferdous Sir

1. Previously mentioned ICT related questions were asked by Minhaj Sir

2. Database
3. Difference to Database and DBMS
4. Types of DBMS

Topics Asked by Najimuddin Bhuiyan Sir

● General Knowledge, Present Ongoing Issues, Places, Establishment of Countries
● Tell me about your Hall, when it was established, who is the present provost
● Where are you from, tell me about the area you are from
● Who are the famous persons from your area
● Journal, Closing Entries, Accounting Cycle