Disclosure of Property, Plant and Equipment as per BAS #16: A Study on Selected Pharmaceutical Companies in Bangladesh
Journal Title: The Millennium University Journal - Year 2019, Vol 4, Issue 1
Abstract
Disclosure practices of pharmaceutical companies in Bangladesh as per BAS-16 are not well structured at all although Companies Act, 1994, Bangladesh Securities Exchange commission Rules 1987 are followed strictly. The major reasons for non- compliance is that the application of BAS-16 is not made mandatory up till now. Details of measurement basis, depreciation methods used, useful life of assets, gross carrying amount, nature of impairment of assets etc. are not disclosed at all. This affects the decision making of the stakeholders. There is ample scope for developing the fair disclosure of Property, Plant and Equipment in consistence with the requirements of BAS-16.
Authors and Affiliations
Dr. Md Shakawat Hossain Assistant Professor Department of Accounting & Information System Faculty of Business Studies Jagannath University, Dhaka, Bangladesh
Keywords
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