Speakers in a recent conference organized by The Institute of Cost and Management Accountants of Bangladesh (ICMAB) emphasized the need for greater co-operation of academicians and the practitioners to narrow down the gap between the theory and the real-world management accounting practice. ICMAB arranged the day-long “Accounting Educators’ Conference” on the theme “Recent developments in the field of Management Accounting and Corporate Reporting” at ICMAB premisein Dhaka onOctober 27, 2017.
Mr. Shubhashish Bose, Secretary, Ministry of Commerce Government of the Peoples Republic of Bangladesh inaugurated the program as Chief Guest. Mr. A K M Delwer Hussain FCMA, Chairman, Bangladesh Sugar and Food Industries Corporation and past president of the Institute attended the program as special guest.
The objective of the conference was to build a bridging platform between the professionals and the practitioners and to promote Cost and Management Accounting education across the country. Faculty members of Accounting and Business Studies departments of different universities and colleges of 25 districts of the country attended the program.
The chief guest in his speech emphasized that Accounting is a continuously evolving profession. Rapid changes are taking place in the real world practice all around.The academicians and the professionals should keep themselves updated of the changes.He also highlighted the need for skilled human resources to materialize the 2021 vision to make Bangladesh a middle income country.
Three technical papers were presented in the conference. Mr. Mohammed Mehadi Masud Mazumder ACMA, PhD Associate Professor, department of AIS, University of Dhaka presented paper on “Integrated Reporting (IR):The Future of Corporate Reporting” in the first technical session. Professor Salim Uddin FCMA, PhD, Department of Accounting, University of Chittagong presented paper on “Management Accounting Tools for Organizational Sustainability” while Mr. Musfiqur Rahman ACMA, PhD, Associate Professor, AIS, Dhaka University presented paper on “Revenue from Contracts with Customers (IFRS 15): A New Way of Thinking About Revenue” in the second and third technical sessions respectively.
Mr. Md. TouhidulAlam Khan FCMA, DMD and Chief Business Officer, Prime Bank limited; Mr. Abdul Matin Patwary FCMA, CFO, Dhaka Stock Exchange Ltd. Ms Zinnia Tanzina Huq FCMA, Finance Director, Glaxo SmithKline and Ms. Akhtar Sanjida Kasem FCMA, FCA, Partner A Qasem Co. attended different technical sessions as Commentators.
Prof. Swapan Kumar Bala FCMA, PhD, Commissioner, BSEC and Treasurer, ICMAB; Mr.M. Abul Kalam Mazumdar FCMA and Professor Mamtaz Uddin Ahmed FCMA, Past Presidents of ICMAB Chaired different sessions.
Among others Mr. Jamal Ahmed Choudhury FCMA, President ICMAB along with Mr. Mohammed Salim FCMA Past President and Chairman Education Committee; and Mr.Md. Abdur Rahman Khan FCMA, Secretary ICMAB attended the inaugural program.