AMERICAN INTERNATIONAL UNIVERSITY-BANGLADESH Faculty of Business Administration

AMERICAN INTERNATIONAL UNIVERSITY BANGLADESH AIUB

Report

Research & Methodology

Reasons for taking major as Finance & Accounting- Perspective of BBA students in AIUB

Submitted To:

Md. Taufiqul IslamCourse InstructorFaculty of Art and Social SciencesAmerican International University-Bangladesh (AIUB)

Submitted By:

Section: F

Sukran AlID: 08-11641-2

---------- Submission Date: 05th December, 2011TABLE OF CONTENTS

Cover Page01Table of Contents02Figure03

1.0 Introduction04 - 061.1 Department of Accounting041.1.1 Career opportunities in Accounting051. 2 Department of Finance051.2.1 Career opportunities in Accounting061.3 Objective of Study061.3.1General objective of the report 061.3.2Broad objective of the report06

2.0 Research Method07 08 2.1 Primary Data 072.2 Secondary Data072.3 Research Approach072.4 Research Tools072.4.1 Questionnaire072.4.2 Mechanical Tools072.5 Method of Collecting Data082.6 Method of Analysis Data082.7 Limitation08

3.0 Analysis of the Data09 13

4.0 Recommendation 13

5.0 Conclusion 14

6.0 Reference14

7.0 Note14

8.0 Appendix15 - 17

Appendix 1 15Appendix 2 17

9.0 Abbreviation 18

Figure

Figure3.1: Which group did you study in SSC? 9Figure3.2: Which group did you study in HSC? 9Figure3.3 How many major do you take? 10Figure3.4: Do you take Accounting & Finance as 1st major 10Figure3.5: What is your 2nd major? 10Figure3.6: If you dont take Accounting & Finance as 1st major, what is your 1st major? 11Figure3.7: If you take Accounting & Finance as 1st major, which field does you like most? 11Figure3.8: How many accounting subject do you want to take? 11Figure3.9: How many Finance subject do you want to take 12Figure3.10: What is your CGPA? 12Figure3.11: What do you want to do after complete BBA as major with Accounting & Finance? 12Figure3.12: What types of job do want to do? 13

1.0 Introduction: American International University-Bangladesh (AIUB) is a private research university located at Banani in Dhaka, Bangladesh. It was established in 1994 by Anwarul Abedin under the Private University Act, 1992. The university is an independent organization with its own Board of Trustees. It offers several degree programs at graduate and undergraduate level from its four faculties. The university has over 9,000 students with over 280 full-time faculty members.

The field finance and accounting largely about helping organizations make money. There is more to that task than meets the eyes. Most of the students of AIUB are taking Finance & Accounting as major. There are some many reasons behind it. This is some reasons like, Accounting and Finance are both valuable in every job sector all over the world; Job are available in Accounting and Finance; Students are doing higher education after complete BBA like CA , ACCA or FCA; other hand these are auto dual subject in AIUB which helps to reduce extra cost of education.

1.1 Department of AccountingAccounting we confer you the vision to see status of business. As a part of its continuous thrives for excellence and with the understanding of the importance of accounting education, American International University Bangladesh (AIUB) has introduced Department of Accounting as an independent department under the Faculty of Business Administration. Since its inception Accounting Department is continuously planning and implementing several strategies to create future Accounting leaders. As a part of this never ending effort "AIUB Accounting Association (AAccA)" has been established to address certain objectives like "Skill Development" (Through several training programs, Workshops, Publications, event management, etc.) and Professional exposure (Both locally and internationally). The Department started its journey with an objective of creating, exercising and disseminating knowledge about the measurement and communication of financial and non-financial information. AIUB Department of Accounting offers a wide range of market oriented courses and programs that will better enable students to fulfill information thirst of the organizations that will employ them. We offer BBA and MBA degree with a major or minor in accounting. The Department has designed both undergraduate and graduate curriculum to allow students more flexibility in tailoring their accounting program to meet professional interests and also to provide them an easy access to professional accounting degrees like CA, ACCA. Department of Accounting offers programs conducted by a number of highly qualified faculty members holding remarkable exposure both in academic and professional arena. Most of the faculty members are with professional accounting degrees that envisions promoting and creating a learning environment through state-of-the-art facilities and tools; expanded frontier of research-based knowledge; market oriented education and international standards that enunciated development perspectives of the country. As a result the Department is consistently ranked as one of the top departments as per student evaluation. It would be worth mentioning that our alumni are possessing and performing significant role in the business community and also are associated with major accounting firms of the country. There are some major courses in accounting. 1. Auditing2. Taxation3. Intermediate Accounting4. Cost Accounting5. Accounting Information System6. Advance Financial Accounting7. Financial Statement Analysis

1.1.1 Career opportunities in AccountingAccounting jobs offers stimulating and challenging work that is constantly evolving. Because accountants spend a lot of time looking under the hoods of businesses they really learn the nuts and bolts of business. It's no surprise that many successful players in business began their careers in accounting jobs. It's also no surprise that most Chief Financial Officers of large corporations have a background in accounting. An accountant is perfectly positioned to become a CFO because he or she probably has the best understanding of what drives business and profits in a company.

It's also worth bearing in mind that accountants are in perennial short supply. Accounting jobs are plentiful even in the current weak economy and the money for well trained accountants is good. Taxes, audits, bookkeeping will always need to be done. With the various financial scandals in recent years, the field has expanded. 1. 2 Department of FinanceFinance is the lifeblood of firms. Firms are the driving forces of modern economy. Economic system is crippled in the absence of efficient and proper financial system, a means by which an economy allocates money to its highest valued use. The focus of the financial system is to make sure that those with good ideas get the money necessary to implement the ideas. The Department of Finance at American International University Bangladesh is a leader in experiential education in finance. The departments primary objective is to focus on two critical issues. The first is determining value and the second is making the best decisions with respect to value. Undergraduate and graduate students at AIUB can take advantage of the BBA and MBA in Finance degree in many ways as the Finance Department provides students with many learning opportunities. Within the classroom, we offer a wide range of classes taught by our experienced and versatile faculties in the field of Investment, Valuation, Corporate Finance, Banking and International Finance. Members of the Department of Finance blend their professional experience with outstanding research and commitment to their students. Department of Finance helps students analyze financing problems happening around the world in various different dimensions. This is further ensured by emphasizing teaching with case studies specific to various nationally and internationally-recognized firms. Moreover, courses are packaged such that students are equipped with knowledge of the cutting-edge research in finance as well as practical work in the field through field visits, study tours, simulated portfolio investment as well as internships. The Department of Finance also helps students to prepare for various professional programs like CFA and CFP. Combined with AIUBs other departments and programs, the department provides finance students with the choices and resources they need to excel in their academic and professional careers. There are some major courses in finance.1. Corporate Finance2. Financial Institutions & Markets3. Investment & Portfolio Management4. Global Finance5. Working Capital Management6. Bank Fund Management7. Financial DerivativesStudents of AIUB those take major in Finance & Accounting have to do minimum four Finance or Accounting major courses.

1.2.1 Career opportunities in AccountingThere are many job opportunities in this field including corporate finance, financial planning, investment banking, insurance and real estate. You will find some comprehensive info on this site in these and a number of other career areas. You will also find links to quite a few other sites, finance job listings, recommended books and a list of helpful headhunters.

1.3 Objective of Study1.3.1General objective of the report The general objective of this report is to carry out the Reason for taking Accounting & Finance as major: Perspective of BBA in AIUB.

1.3.2Broad objective of the report-The broad objective of the report is to get an overall idea about the General Banking, Accounts Department, Foreign Trade and Credit Department in real practice. To obtain the general idea about the Accounting & Finance students.

2.0 Research Method:We prepared on the basis of the BBA students AIUB those are taken major as Finance & Accounting. Quantitative research used to prepare this research. To prepare the report we used to use both primary data.

2.1 Primary Data: To collect primary data we used questionnaire and personal interview method. Our main focus was questionnaire which was carrying a lot of research procedure. Interviews were administrated by formal and informal discussion.

2.2 Secondary Data:We used secondary data little scale. Its an uncommon topic secondary data were not available. For secondary data we used internet.

2.3 Research Approach:Our research approach was on the survey. We did our survey based on questionnaire and personal interview method. We asked questions about why they dont take other major. We also did for secondary data to do the survey.

2.4 Research Tools:2.4.1 Questionnaire:For collecting primary data we used questionnaire method and the question that will be in MCQ type and open ended.

2.4.2 Mechanical Tools:For our research paper used computer and its software like Microsoft word, Microsoft Excel and for net browsing we have used Mozilla Firefox or Internet Explorer.

2.5 Method of Collecting Data:We mainly used personal interview as our contact method. We gave our questionnaire form to a person to fill it up.

2.6 Method of Analysis Data:After get the data we were analysis data base on some sectors of topic. We were analysis data by showing statistic chart and pie chart outcome of data base which collected by interviews.

2.7 Limitation: When we were doing report, we faced some limitation. Limitations are given below: Lack Time Lack of experience

3.0 Analysis of the Data:We made questionnaires and analysis the data based on survey.

Which group did you study in SSC? Based on survey of 30 students, most of the students studied commerce in SSC and some students studied science and these students are interest in Accounting & Finance. But non-one interested in Accounting and finance who studied Arts in SSC.

Figure3.1: Which group did you study in SSC

Which group did you study in HSC? Based on survey of 30 students, most of the students studied commerce in HSC and some students studied science and these students are interest in Accounting & Finance. But non-one interested in Accounting and finance who studied Arts in HSC. Other hand some students are changed their group when they admitted in college.

Figure3.2: Which group did you study in HSC

How many major do you take? Based on survey of 30 students, major taking most of students take Accounting & finance as single major and only few students take double majors.

Figure3.3 How many major do you take?

Do you take Accounting & Finance as 1st major? Based on survey of 30, all of the students take accounting and finance as 1st major.

Figure3.4: Do you take Accounting & Finance as 1st major

What is your 2nd major? Based on 30 students Only 4 members take 2nd major and most of them take HRM as second major and one student takes HTM.

Figure3.5: What is your 2nd major?

If you dont take Accounting & Finance as 1st major, what is your 1st major? Based on 30students, most the students dont want to take other subject as first major. Some students want to take economics, marketing, HRM, OM, IB if they didnt take Accounting & Finance.

Figure3.6: If you dont take Accounting & Finance as 1st major, what is your 1st major?

If you take Accounting & Finance as 1st major, which field does you like most? Based on survey of 30 students, more than 50% students are interested in finance. Some students also interested in accounting.

Figure3.7: If you take Accounting & Finance as 1st major, which field does you like most?

How many accounting subject do you want to take? Based on 30 students, most of the students take less accounting subject and average students take both accounting and finance.

Figure3.8: How many accounting subject do you want to take

How many Finance subject do you want to take? Based on 30 students, most of the students take more finance subject and average students take both accounting and finance.

Figure3.9: How many Finance subject do you want to take

What is your CGPA? Based on 30 students, Average CGPA belongs to 3.25 3.74. Few students CGPA more than 3.75. Fewer students CGPA below 3.25. Its show that Accounting & Finance students are more active to their education.

Figure3.10: What is your CGPA

What do you want to do after complete BBA as major with Accounting & Finance? Based on 30 students, Most of the students want to do job and study professional after BBA as major with Accounting & Finance.

Figure3.11: What do you want to do after complete BBA as major with Accounting & Finance?

What types of job do want to do? Based on 30 students, Most of the students of Finance and accounting students want to do job in multi-national and a few students want to do job in bank. Fewer students want to do job in Finance and other sectors

Figure3.12: What types of job do want to do

4.0 Recommendation To make a report on new topic it is not easy for us to complete the report perfectly. Reasons for taking major as Finance & Accounting - Perspective of BBA students in AIUB. As a descriptive topic and there is no extra information about the topic its hard to find problem and give recommendation. There is some recommendation given below Accounting & Finance are important in every professional sector. Every company needs Accountant and Financial employees to their company. In AIUB, Accounting & Finance is a dual Subject, Which is not only save your money but also save students time. If a student wants to take 2 major at a time he has to take 16th courses. Students dont need extra courses and you can add one other major if you want.

5.0 Conclusion With short conclusion, our research will be based on Reasons for most of the students of AIUB are taking Finance & Accounting as Major perspective of BBA. Finance & Accounting both are valuable subject. Students like to take Finance or Accounting as major because they want to develop their career in multinational financial organization. More than 50% of AIUB students are taking Finance & Accounting. AIUB offers auto dual with accounting and finance. As a result students are not only saving their money but also saving their time. If a student takes two major he has to do 16th courses. Six extra courses mean extra money and extra time. But as auto dual courses he doesnt need to do extra six courses. Both courses are depending on each other which help student to understand about real financial position of a company how to deal with each other.

6.0 Referencewww.aiub.eduUndergraduate Handbook of AIUB

7.0 NoteDefinitionAccounting is process of identifying, measuring and communicating economic information to permit informed judgments and decisions by users of the information.

Finance is the study of money within the firm; the business function responsible for finding funds, managing them and determining their best use.

8.0 AppendixAppendix - 1Corporate Finance - This course focuses on relevant topics regarding long-term and short-term investment and financing decisions made by finance managers in a corporate set-up. It provides an in-depth discussion of capital structure and dividend policy, and a comprehensive analysis of various financing alternatives. Special emphasis is given on valuation and capital budgeting, risk-return trade off, current assets and liability management etc.

Financial Markets and Institutions - This course deals with the dynamics of financial markets, and how along with financial institutions it plays a vital role in the economic development of a nation.

Investment and Portfolio Management - The purpose of this course is to help students understand how to manage investment funds to derive maximum benefits.

Capital Budgeting - This course is designed to focus on the in-depth theoretical framework of capital budgeting as well as an application of capital budgeting tools in long term decisions that include acquisition of fixed assets, investment in plant and machinery, evaluation of a new project, risk and uncertainty, sensitivity analysis and analysis of selective investment decisions.

Global Finance - This course is designed to focus on international and regional financial arrangement and institutions.

Financial Derivatives - Covers forward contracts, futures, options, and swaps. Introduces the markets for each of these financial derivatives and explain their market valuations.

Bank Fund Management - This course examines the role and importance of bank financial management to the modern bank.

Working Capital Management - Considers areas relating to various components of working capital. Examine in practical issues and analytical models for the efficient management of cash, accounts receivables, and inventories, along with the critical appraisal of various sources of short-term funds.

Auditing - This course is designed to provide a broad foundation for all major aspects of auditing. This course focuses on objectives, concepts, standards, strategies, processes and communications relating to internal & external audit.

Taxation - This course is primarily designed to provide the students with a fundamental understanding of taxation of business entities and individuals prevailing in Bangladesh.

Intermediate Accounting - Review of Financial Accounting, analysis and interpretation of financial statements, acquisition of fixed assets, depreciation and disposal, intangible assets and amortization, accounting of cash, cash book and bank reconciliation statement, statement changes in financial position, cash flow statement, accounting for companies incorporated in Bangladesh etc. are covered in this course.

Cost Accounting - The knowledge acquired in this course should help students to introduce "Cost Accounting" as a separate branch of accounting, to give an idea about measurement, analysis, accumulation and control of various elements of cost and preparation of cost sheet and to get branch of accounting, to give an idea about measurement, analysis, accumulation and control of various elements of cost and preparation of cost sheet and to get students oriented with various systems of maintaining cost accounting record

Accounting Information System - Advanced technology requires that all its subsystem should move at a same pace so that there arises no system bottleneck. Accounting Information is generated for decision making at a faster pace than before.

Advanced Financial Accounting - These topics include Review Financial Accounting. The Accounting Cycle Consolidation of Financial Information, Consolidations - Subsequent to the Date of Acquisition, Consignment and Joint Venture Accounts, Branch and Departmental Accounts, Hire Purchase and Installment Accounting, Lease Accounting, Accounting for Liquidation of Companies (Insolvency Act), Financial Statement of Group of Companies, Accounting relating to Insolvency: Individual and Partnership Firms and Valuation of Goodwill, Shares and Business.

Financial Statement Analysis - Financial Statement are extensively used by different users in their decision making process. Just as there are many different users of financial statements, there are various methods of analysis of financial statements.

Appendix 2Reasons for taking Accounting & Finance as major: Perspective of BBA in AIUB

QuestionnaireName:Semester No#

Which group did you study in SSC? Science Commerce Arts Which group did you study in HSC? Science Commerce Arts How many major do you take? 1 2 3 Do you take Accounting & Finance as 1st major? Yes No What is your 2nd major? Marketing HTM HRM Management Economics MIS Operation Management If you dont take Accounting & Finance as 1st major, what is your 1st major? Marketing HTM HRM Management IB Economic MIS Operation Management.... If you take Accounting & Finance as 1st major, which field does you like most? Accounting Finance How many accounting subject do you want to take? 4 5 6 How many Finance subject do you want to take? 4 5 6 What is your CGPA? Below 3 3.00 3.24 3.25 3.49 3.5 3.74 3.75 to 4 What do you want to do after complete BBA as major with Accounting & Finance? Job Go Abroad Study professional Degree Gather knowledge Other What types of job do want to do? Banking Financing Insurance Multi-national Marketing Production Manufacturing Others Comments Accounting and Finance are related to our other major that you have been taken?

9.0 AbbreviationCA-Chartered AccountantACCA-Association of Chartered Certified AccountantsFCA-Financial Services Compliance AdministrativeCFO- Chief Financial OfficersP. Degree- Professional Degree

1