Financial Reporting Practices in Public Universities of Bangladesh

Dr. Shakhawat Hossain Sarkar; Sabuj Chandra Bhowmik; Dr. Mohammed Hider Ali Miah

Financial Reporting Practices in Public Universities of Bangladesh

Dr. Shakhawat Hossain Sarkar * §

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Sabuj Chandra Bhowmik

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Dr. Mohammed Hider Ali Miah

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Jatiya Kabi Kazi Nazrul Islam University

Financial Reporting Practices in Public Universities of Bangladesh

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Abstract

The objective of recording and reporting of financial transactions in government and non-profit organization is to make sure good governance through ensuring transparency, accountability, reliability, and fairness on dealing of public money. By using primary sources of data, this study strives to appraise the practices of recording and reporting of financial transactions of public universities in Bangladesh. To ascertain the financial reporting compliance practices dichotomous procedure used. Statistical results report that most of the public universities under the study follow cash basis of accounting, prepared receipts and payments accounts, and bank reconciliation statement. All of the universities maintain payment voucher, the majority of the universities doesn’t value and record fixed assets and, half of them don’t prepare debt receipts and payments account. Financial Reporting Compliance Index (FRCI) of public universities under the study is satisfactory (78.10) but not outstanding.

References

15 Cites in Article

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Dr. Shakhawat Hossain Sarkar, Sabuj Chandra Bhowmik, Dr. Mohammed Hider Ali Miah. 2019. "Financial Reporting Practices in Public Universities of Bangladesh". Global Journal of Management and Business Research - D: Accounting & Auditing GJMBR-D Volume 19 (GJMBR Volume 19 Issue D2).

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GJMBR Volume 19 Issue D2

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

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Classification

GJMBR-D Classification JEL Code: M40

Submission ReceivedDecember 6, 2018
Peer Review Double Blind
Handling Editor
Accepted January 5, 2019
Published January 15, 2019

Version of record

v1.2

Issue date

May 9, 2019

Language

English

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Article Matrices

Total Score: 153

Country: Bangladesh

Subject: Global Journal of Management and Business Research

Authors: Dr. Shakhawat Hossain Sarkar (PhD/Dr. count: 1)

View Count (all-time): 284

Total Views (Real + Logic): 859

Total Downloads (simulated): 42

Publish Date: 2019 01, Tue

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Total Views: 859

Total Downloads: 42

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