Today's Classes!

According to the decision made by the Registrar's Office, classes scheduled today (Sunday, 3 July 2011) from 1:00 pm onward will be held as per schedule.

Official Notice

Thanks.

Part-Time Job!

If you are interested to do any part-time job, please contact me. Remuneration is attractive. Both male and female students may try.

Thanks.

Revised Academic Calendar!

The Registrar's Office has recently revised the academic calendar for Summer 2011. Please visit the following link to download the revised version.

Revised Academic Calendar

Please notice the makeup classes (for the missed classes due to recent hartal) scheduled to be held on the coming two thursdays.

Thanks.

Q/A Session!

Question 1: The question says purchased gasoline for $100 on account. I assume it will go to accounts payable and expenses but not in supplies. And as i pay it later in cash then i should count it in my income statement's expenses. Am i right?

Answer: Yes, this would increase both liabilities and expenses. And it would be shown in the income statement because it is an expense, not because they paid for it! Even if you pay for an expense later, you need to show it in the income statement. Paying or not paying for an expense would have different consequences in terms of cash flows.

Question 2: Part-1: In June 2, purchased a Van for $12000, by paying $2000 cash and signing a N/P for the remaining balance. Then in June 23, made a cash payment of 500 on N/P. Paying this 500 cash payment decreases N/P. So where i can write this $500 cash payment in Cash flow statement... (operating/investing activities?) and what will be the title of this transaction (decreasing N/P or delivery van)?
 Part-2: Similarly in June 17, purchase of gasoline for 150 on account, then in June 29, paid for the gasoline purpose. This transaction also decreases A/P. So in cash flow statement where i can write this transaction... in which section and under what title (decreasing A/P or expense)?

Answer: Part-1: Under investing activities, 'purchase of van' would show a negative $2,500 as total of that much cash went out from the business to purchase it.
Part-2: It would be included in cash payments for expenses under operating activities section.

Q/A Session!

Hello Sir, I have some queries and confusions,
1. I was wondering if equipments, utilities and supplies are the same thing... I mean if I create a category named 'Supplies' in the tabular summary and there's a transaction of equipments/utilities, can I put that transaction under that 'Supplies' category?
2. Where will 'purchase of Gasoline' go?
3. Delivery van is supposed to be an asset and I know the rule how to make adjustments when an asset is purchased in cash, but where will be the adjustments if the transaction is 'purchasing an asset/del.van on account?

Answers: Following are answers to the questions.
1. If whatever you create benefits you more than the current period, it will be an asset, otherwise an expense. So, equipments and supplies are assets as they usually benefit the company for multiple periods. As utility bill (eg. electricity bill) is paid every period and the benefit gets exhausted within the period, this is treated as an expense. All asset items should have separate columns. But all expenses should be recorded in the same expense column in Tabular Summary.
2. With the same logic mentioned above, purchase of gasonline for the delivery van would be an expense.
3. Increase in asset and on the other hand increase in liability (usually accounts payable if any other type is not mentioned, for example, a note payable).

Assignments Available!

Assignments have been made available. You may find assignment folder within respective course folders. From now on assignments would be made available on a regular basis. You would be responsible to look for assignments from time to time. You may follow the class schedule to monitor upcoming assignments. Submission dates would be mentioned within assignment files.

Assignment guideline is given within the first assignment for you to follow. A sample cover page is also given to assist you.

Thanks.

National Career Fair at NSU!

The Department of Career & Professional Development Services (CPDS) cordially invites all to attend the National Career Fair 2011 to be held on 28-29 May 2011 at North South University. It is the largest career fair of our country. It would offer ample opportunities to identify and recruit the best talents that correspond to organizational needs.

Graduating students may try not only for internships but also for full-time job positions. Even if you are not graduating soon, you must also visit the fair just to gather experience by attending seminars and taking part in workshops. This experience will definitely help you prepare yourself for future.

Summer 2011!

Dear students, welcome to Summer 2011! Please browse through different sections of my blog to make yourself familiar. You may get hold of course outlines, assignments, power-point slides, and other resources using the course folder links shown above under the heading "Summer 2011 Folders". You may also visit old blog posts to get ideas about the types of posts, resources shared, announcements, grading statistics etc.

You may leave a comment, ask me a question, or share any academic or non-academic issues using the 'comments' link found toward the end of each post. If it is unique/personal in nature, please provide your email address so that I may give you a feedback to your email. Otherwise, you may leave an anonymous comment.

Today is the first class day of the semester. Hope you would have a wonderful time. Get hold of the text books as soon as possible and start reading! Best of luck for the semester. Thanks.

Fundraising Campaign!

You are all invited to a fundraising handcrafted jewelry exhibition for Japan earthquake victims at IZUMI, house-24, road-113, Gulshan-2 on May 27th & 28th from 11 am to 10 pm.


Please forward this message to everyone you know.

See you there!

Invitation to Seminar and Exhibition!

Prime Bank Limited is organizing a seminar and exhibition titled "Standard Banking Practices: Corporate Banking, Retail & SME Banking, Branch Banking, and Human Resource Management" on the 7th of May, 2011 at the Ball Room of Dhaka Hotel Sheraton (now Rupashi Bangla).

Following are some details of the presentations:

Topic Area: Corporate Banking
Speaker: Mr. Md. Mehmood Husain, Additional Managing Director
Time: 10 am to 11:30 am

Topic Area: Branch Banking
Speaker: Mr. Reazul Karim, Deputy Managing Director
Time: 2:30 pm to 4 pm

Topic Area: Retail & SME Banking
Speaker: Mr. Md. Tabarak Hossain Bhuiyan, Senior Executive Vice President and Head of Marketing and Human Resource Divisions
Time: 4 pm to 5:30 pm

This should be a unique opportunity for students who are interested in Banks and Financial Institutions. You may drop your CV in the exhibition for job consideration. Please enroll your name with respective departments.

Thanks.

Grades Posted!

Grades have been posted into the system. You may log into the Student Information System (SIS) to know your grade. You may email me to know your grade as well. Following is a summary of the grades for the semester (Spring 2011).


Special Mention:

Following students showed outstanding performance in my courses this semester. Heartiest congratulations to them for their achievement.

Syeda Nowrin Shibly 0910141030 (ACT201)
Tahsin Reza Abrar 1010011030 (FIN254)

Thanks.

Self-Confidence!

Value of Time!

To realize the value of one year
Ask a student who has failed a final exam

To realize the value of a month
Ask a mother who has given birth to a premature baby

To realize the value of one week
Ask an Editor of a weekly newspaper

To realize the value of one hour
Ask the lover who are waiting to meet

To realize the value of one minute
Ask a person who has missed the train

To realize the value of one second
Ask a person who has survived a fatal accident

To realize the value of one mili – second
Ask a person who has won a silver medal in the Olympic

- collected from internet.

Marksheets Available!

Please find the marksheets in respective course folders. Let all your classmates know about this. If you find any problem in recording your marks, please let me know by email or send SMS to my TA informing details.

Grades would be assessed on 28th of April based on these marksheets.

Thanks.

Summer 2011 Academic Calendar!

You may visit the following link to get the Academic Calendar for Summer 2011, which was approved in the Coordination Meeting held on 19 April 2011 in the Vice Chancellors Conference Room.

Academic Calendar for Summer 2011

Thank you.

Sad and Unfortunate!

How could people be so cruel toward such poor and starving children?

NSU Features Published!

The Daily SUN published features on NSU. Please visit the following links.

A General Feature on Academia

An Interview of VC Sir

Thanks.

Q/A Session!

Question: Sir, change of tires of a truck. is it capital or revenue expenditure? and in the ratio of return on common stock holder equity (if there is preferred dividends) we need to minus it from net income.but do we need to minus the price of those shares (preferred ones) from total common stock holders"equity to identify avg common stock holders equity??? and borrowing loans from bank .is it under the investing activity on cash flow statement??

Answer: Following are the answers to your questions.
1. Change of tires is a revenue expenditure as it will not change the original feature of the truck.
2. There is no preferred shares within "total common stock holders' equity". So, there is no need for any such deductions.
3. Borrowing money from banks or anyone else for long term is financing activity in cash flow statement.

শুভ বাংলা নববর্ষ ১৪১৮!

সবাইকে জানাই নববর্ষের শুভেচ্ছা। নতুন বছর হউক আরো বেশি আনন্দের, সফলতার, আর সমৃদ্ধিতে ভরপুর।

Govt Bans Cellphones in Classrooms!

Dhaka, Apr 11 (bdnews24.com) — The government has imposed a blanket ban on the use of mobile phones in classrooms.

The education ministry issued a circular on Monday banning use of cell phones in classrooms either by students or teachers.

The government move comes a day after child parliamentarians suggested taking steps in this regard.