Some Acronym and Abbreviation in Business Studies (Bangladesh Context).

ABBD- Association of Bankers Bangladesh Limited.
ACA- Associate Chartered Accountant.
ACMA- Associate Cost and Management Accountant.
ACS- Associate Company Secretary.
BAB- Bangladesh Accreditation Board.
BDT- Bangladeshi Taka.
BO Account- Beneficiary Owners Account.
BGMEA- Bangladesh Garment Manufactures and Exporters Association.
BKMEA- Bangladesh Knitwear Manufacturers and Exporters Association.
BOI- Board Of Investment.
BSEC- Bangladesh Securities and Exchange Commission.
BEPZA- Bangladesh Export Processing Zone Authority.
BIM- Bangladesh Institute of Management.
BIBM- Bangladesh Institute of Bank Management.
BB- Bangladesh Bank.
BIWTA- Bangladesh Inland Water Transport Authority.
CDBL- Central Depository Bangladesh Limited.
CRAB- Credit Rating Agency of Bangladesh Ltd.
CSE- Chittagong Stock Exchange.
DC- Deputy Commissioner.
DSE- Dhaka Stock Exchange.
ECNEC- Executive Committee of National Economic Council.
EPZ- Export Processing Zone.
EPB- Export Promotion Bureau.
FBCCI- Federation of Bangladesh Chambers of Commerce and Industry.
FCA- Fellow Chartered Accountant.
FCMA- Fellow Cost and Management Accountant.

FCS- Fellow Company Secretary.
ICB- Investment Corporation of Bangladesh.
ICAB- Institute of Chartered Accountants of Bangladesh.
ICMAB- Institute of Cost and Management Accountants of Bangladesh.
ICSB- Institute of Chartered Secretaries of Bangladesh.
ITP- Income Tax Practitioner.
ITO- Income Tax Ordinance.
JV- Joint Venture.
MFI- Micro Finance Institution.
NBFI- Non Bank Financial Institutions.
NBR- National Board of Revenue.
NRB- Non Resident Bangladeshi.
NGO- Non Government Organization.
PPP- Public Private Partnership.
RJSC- Registrar of Joint Stock Companies.
RDCD- Rural Development and Cooperative Division.
SCB- State owned Commercial Banks.
SME- Small and Medium Enterprise.
TB- Treasury Bill.
TIN- Taxpayer's Identification Number.
VAT- Value Added Tax.
 

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Business Laws in Bangladesh.

Some of the Laws that are regulating business in Bangladesh are given below:-

• The Banking Companies Act, 1991.
• The Bills of Lading Act, 1856.
• The Bangladesh Labor Code, 2006.
• The Bangladesh Small and Cottage Industries Corporation Act, 1957.
• The Bangladesh Standards and Testing Institution Ordinance, 1985.
• The Custom Act, 1969.
• The Companies Act, 1994.
• The Contract Act, 1872.
• The Consumer-Right Protection Act, 2009.
• The Depository Act, 1999.
• The EPZ Workers Association and Industrial Relations Act, 2004.
• The Financial Institutions Act, 1993.
• The Imports Exports (Control) Act, 1950.
• The Income Tax Ordinance, 1984.
• The Money Laundering Prevention Act, 2009.
• The Negotiable Instruments Act, 1881.
• The Partnership Act, 1932.
• The Securities Act, 1920.
• The Securities and Exchange Ordinance, 1969.
• The Value Added Tax Act, 1991.

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Chartered Secretaries Education in Bangladesh.

The Institute Of Chartered Secretaries Of Bangladesh (ICSB) is the only professional body in the field of corporate sectaries education in Bangladesh. It is established under the Chartered Sectaries Act 2010. One who successfully complete the prescribed course is Preliminary called ACS and finally FCS.

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Professional Accounting courses in Bangladesh.

We have two Professional Accounting bodies in Bangladesh under Ministry of Commerce. One is - The Institute of Cost and Management Accountants of Bangladesh (ICMAB) and another one is - The Institute of Chartered Accountants of Bangladesh (ICAB). A Qualified person from ICMAB is called a Cost and Management Accountant and a qualified person from ICAB is called a Chartered Accountant.

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Some Acronym and Abbreviation in Business Studies (Accounting).

AI-Advanced Income Tax. 
AOA- Articles Of Association.
ABC- Activity Based Costing.
AY- Accounting Year / Assessment Year.
BS- Balance Sheet.
BOM- Bill Of Material.

CA- Current Asset.
CL- Current Liability.

COGS/CGS- Cost Of Goods Sold.
EOQ- Economic Order Quantity.
EAT- Earning After Tax.

EBT- Earning Before Tax.
EBIT- Earning Before Interest And Tax.
FA- Fixed Asset.

FIFO- First In First Out.
FC- Fixed Cost.
FY- Financial Year.
GP- Gross Profit.

IAS- International Accounting Standard.
IS- Income Statement.
IY- Income Year.
JIT- Just In Time.

LIFO- Last in First Out.
MOA- Memorandum Of Association.
NAV- Net Asset Value.
NI- Net Income.
NP- Net Profit.
NOI- Net Operating Income.
NRV- Net Realizable Value.
OD- Over Draft.
PPE- Plant Property Equipment.
POS- Point Of Sale.
SLM- Straight Line Method (Method of Depreciation)
SE- Shareholders Equity.
VAT- Value Added Tax.
VC- Variable Cost.
WIP- Work In Process.
WDV- Written Down Value.

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Some Acronym and Abbreviation in Business Studies (Finance).

ARR- Average Rate Of Return/ Accounting Rate Of Return.
APR- Annual Percentage Rate. / Absolute Priority Rule.
APT- Arbitrage Pricing Theory.
APV- Adjusted Present Value.
APP- Average Payment Period.

ACP- Average Collection Period.
ACH- Automated Clearing House.
ATM- Automated Teller Machine.
BEP- Breaking Even Point.
BV- Book Value.
CML- Capital Market Line.
CAR- Cumulative Abnormal Return.
CBT- Chicago Board of Trade.
CM- Contribution Margin.
CP- Commercial Paper.
CRR- Cash Reserve Ratio.
CCC- Cash Conversion Cycle.
CD- Certificate Of Deposit.

CAPM- Capital Asset Pricing Model.
CFA- Certified Financial Analyst.
CFO- Chief Financial Officer.
DD- Demand Draft.
DDM- Dividend Discount Model.
DOT- Designated Order Turnaround.
DPBP- Discounted Pay Back Period.
DOL- Degree Of Operating Leverage.
DFL- Degree Of Financial Leverage.
DCL- Degree Of Combined Leverage.
DCF- Discounted Cash Flow.
EVA- Economic Value added.
EAY- Effective Annual Yield.
EAC- Equivalent Annual Cost.
EFT- Electronic Fund Transfer.
EBDT- Earning Before Depreciation And Tax.
EBITDA- Earning Before Interest, Tax, Depreciation and Amortization.
EMI- Effective Monthly Installment.
EMH- Efficient Market Hypothesis.
EAR- Effective Annual Rate.
EPS- Earning Per Share.
EFN- External Financing Needed.
FM- Financial Management.
FC- Foreign Currency.
FLM- Financial Leverage Multiplier.
FCF- Free Cash Flow.
FDI- Foreign Direct Investment.
FV- Future Value.
FVA- Future Value Annuity. 
FTE- Flow To Equity.
GDP- Gross Domestic Product.
GNP- Gross National Product.
IFE- International Fisher Effect.
IRA- Individual Retirement Account.
IRP- Interest Rate Parity.
IRS- Internal Revenue Service.
IRR- Internal Rate Of Return.
IPO- Initial Public Offering.
IOS- Investment Opportunity Schedule.
LC- Letter Of Credit.
LCF- Levered Cash Flow.
LLC- Limited Liability Company.
LBO- Leveraged Buyouts.
LIBOR- London Inter Bank Offered Rate.
MRP- Materials Requirement Planning.
MOE- Mergers Of Equals.
MOM- Middle Of Month.
MIRR-  Modified Internal Rate Of Return.
MACRS- Modified Accelerated Cost Recovery System.
MV-  Market Value.
NNP- Net National Product. 
NAL- Net Advantages of Leasing.
NPV- Net Present Value.
NWC- Net Working Capital.
OCF- Operating Cash Flow.
OC- Operating Cost / Operating Cycle.
OTC- Over The Counter.
PBP- Pay Back Period.
PO- Pay Order.
PI- Profitability Index.
P/E- Price/Earning.
P/E- Price Earning.
PV- Present Value.
PVA- Present Value Annuity.
RADR- Risk Adjusted Discount Rate.
ROI- Return On Investment.
ROE- Return On Equity.
ROA- Return On Asset.
SAIR- Stated Annual Interest Rate.
SEC- Securities and Exchange Commission.
SLR- Statutory Liquidity Ratio.

SML- Security Market Line.
SWIFT- Society for Worldwide Interbank Financial Telecommunications.
TRACE- Trade Report And Compliance Engine.
TVM- Time Value Of Money.
WACC- Weighted Average Cost Of Capital.
WC- Working Capital.
YTM- Yield To Maturity.
ZBA- Zero Balance Account.

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