Internship Report in Janata Bank Limited - 9784 Words

1.1 Origin of the Report Internship Program is a partial requirement for acquiring MBA degree in Dhaka University. Before completion of the degree, a student must undergo the Internship Program. Internship program is a perfect bridge to match the gap between theoretical and practical knowledge. Only curriculum activity is not sufficient to handle the real business situation. So, it is an urge to arrange an internship program. This program consists of at least there phases: ⠝‘ Orientation with the organization ⠝‘ Completing the project work ⠝‘ Writing the report Internship report on Human Resources Management Practices in Janata Bank has been supervised by Dr. Md. Nazmul Karim Chowdhury, Professor, department of Management†¦show more content†¦Ã¢ â€" The time limit of the internship program is a big limitation, because this is a very short span of time to make an extensive report on the total banking activities, which consists of various things. ⠝â€" Janata Bank authority is not cooperative manner. They confused me and never show any interest to me about that matter. ⠝â€" Scope of my study is so wide that analytical and comprehensive study is not possible. 2.1 History of Janata Bank: Janata Bank has been operating since its inception in 1972 both in Bangladesh and overseas. Janata Bank has been playing a significant role in the economic development of the country by mobilizing savings and channelizing funds into different productive sectors. It is also a major player in the fields of micro-credit and software development. Janata Bank, the second largest commercial Bank in Bangladesh. Immediately after the emergence of Bangladesh in 1971, the erstwhile United Bank Limited and Union Bank Limited were nationalized and renamed as Janata Bank. ⠝â€" Janata Bank operates through 847 branches ⠝â€" The Bank employs more than fifteen thousand persons. ⠝â€" The mission of the bank is to actively participate in the socio- economic development of the nation by operating a commercially sound banking organization, providing credit to viable borrowers, efficiently delivered and competitively priced, simultaneously protecting depositors funds and providing aShow MoreRela tedCustomer Service Of Janata Bank Limited Essay1134 Words   |  5 Pagesthe Report In today’s financial world, banking sector plays an uncompromising role to uphold a country’s economy. Recent times in Bangladesh, private banking sector has been contributing a lot in the total economic growth in the country; and this sector has proven itself as a profitable venture with its superior products and customer services. Janata Bank Limited (PBL) is a fast growing private sector bank in Bangladesh. In terms of quality services and value addition to shareholders, janata BankRead MoreA Study of Loan Disbursement and Recovery System of Shahjalal Islami Bank Ltd- Gulshan Branch7599 Words   |  31 PagesAmerican International University-Bangladesh (AIUB) INTERNSHIP AFFILIATION REPORT ON â€Å"A study of loan disbursement and recovery system of Shahjalal Islami Bank Ltd- Gulshan Branch† An Internship Report Presented to the Faculty of Business Administration in Partial Fulfillment of the Requirements for the Degree of Bachelor of Business Administration Supervised By: R. Tareque Moudud FCMA, ACS, ACMA (UK) Director, Office of Placement Alumni (OPA) Submitted By: Mashuk Ifthaker ID # 08-11857-2Read MoreThe Objectives Of The Study3802 Words   |  16 Pages 1.3. Objectives of the Study Before going to the organization I set my objectives that guided me until I finished the report. It always kept me focused to be on right track. The objectives are: 1.3.1. General Objectives:- †¢ To bridge the gap between the theoretical knowledge and practical functioning. †¢ Sound understanding of the corporate world. †¢ Familiarizing with accounting concepts. †¢ Putting to use accumulated theoretical knowledge. 1.3.2. Specific Objectives:- †¢ To apply instantly whatRead MoreOpening, Lodgment and Retirement Procedures and Performance of Prime Bank Limited14692 Words   |  59 PagesAn Internship Report On Letter Of Credit Opening, Lodgment And Retirement Procedures And Performance LimitedOf Prime Bank Limited- An Analysis A Report Submitted In Partial Fulfillment Of The Requirements For The Degree Of Bachelor Of Business Administration Supervised By Md. Mehadi Masud Lecturer Faculty of Business Studies Department of Accounting Information Systems University of Dhaka Prepared By Mohsina Akter Roll-11124 Section-B, Batch-11 Faculty of Business Studies Department of AccountingRead MoreWorking Report of Standard Charterd Bank Bd Ltd.5390 Words   |  22 PagesA WORKING REPORT ON STANDARD CHARTERED BANK By Nafis Ahmed ID: 0720129 An Internship Report Presented in Partial Fulfillment of the Requirements for the Degree Bachelor of Business Administration (BBA) INDEPENDENT UNIVERSITY, BANGLADESH December 5th 2010 A WORKING REPORT ON STANDARD CHARTERED BANK By Nafis Ahmed ID: 0720129 Has Been Approved November 2010 _____________________ Mr. Chowdhury Rajkin Mohsin Lecturer, Finance School of Business Independent University, BangladeshRead MoreBba 8th Sem Report Purbanchal University8856 Words   |  36 PagesCHAPTER ONE INTRODUCTION 1.1 Background An internship is the period of supervision training required for qualifying for a profession. It follows a specified number of academic creditor and classroom years. An internship program is an educational plan which combines classroom theoretical knowledge and practical work experience in industrial, business, or government work situations. These help students to have opportunity to signify academic theories and principles to action, to test outRead MoreReport on Overall Financial Performance Analysis and Strategic Position of Scb11875 Words   |  48 PagesREPORT ON OVERALL FINANCIAL PERFORMANCE ANALYSIS STRATEGIC POSITION OF STANDARD CHARTERED BANK (SCB) By M.M Ishtiaq ID# 0630018 An Internship Report Presented in Partial Fulfillment Of the Requirements for the Degree Bachelor of Business Administration INDEPENDENT UNIVERSITY, BANGLADESH 16th September, 2010 REPORT ON OVERALL FINANCIAL PERFORMANCEANALYSIS STRATEGIC POSITION OF STANDARD CHARTERED BANK (SCB) REPORT ON OVERALL FINANCIAL PERFORMANCEANALYSIS STRATEGIC POSITION OF STANDARDRead MoreInternship Report on Bank Asia Ltd12762 Words   |  52 PagesModern banks play an important part in promoting economic development of a country. Banks provide necessary funds for executing various programmes underway in the process of economic development. They collect savings of large masses of people scattered through out the country, which in the absence of banks would have remained ideal and unproductive. These scattered amounts are collected, pooled together and made available to commerce and industry for meeting the requirements. Economy of BangladeshRead MoreFinancial Analysis of Prime Bank Limited16543 Words   |  67 PagesIntroduction of the report 1.1 Origin of the report A three months internship program with a particular organization and a report assigned by the academic supervisor is mandatory for every student of Bachelor of Business Administration of BRAC UNiveristy. I got the opportunity to do my internship in â€Å"The Prime Bank Limited†-Mohakhali Branch. I started my internship in Prime Bank Limited-Mohakhali Branch on 12th February and ended on 10th May 2012. Throughout my internship period Samina HaqueRead MoreInternship Report on One Bank13005 Words   |  53 Pages Origin of the Report This internship report is generated under the supervision of Ms. Nadia Farhana Asst. Professor and Head of Marketing Department of Business Administration in North South University . This internship report is required to fulfill award of BBA Degree. The topic of this report is â€Å"General Banking Activities of one Bank Limited and Its Impact on Economic Development of Bangladesh†.A Case Study on ONE Bank Limited. The main objective of doing this report is to have a practical

The eminence of Candide is connected Free Essays

Candide, the prognosis of Voltaire accomplished incredible goal and status. Candide achieved heroic tasks.   He always preferred to do ‘the right’, rather easy and enjoyable things. We will write a custom essay sample on The eminence of Candide is connected or any similar topic only for you Order Now He was not following what everyone prefers to do. Though he liked what his metaphysics teacher Dr. Pangloss preached him; the usual ‘because’, ‘therefore’ ‘so’ explaining discourses. Though, Candide found it difficult to understand. The eminence of Candide is connected with relationship that man holds with his companions. Candide makes us sensitized to insights of human sufferings. He finds in his extensive journeys through Europe, Surinam, and Paraguay that journey with good companions is always reduces the burden of boredom. A hero looks for society in any ongoing public crisis that Candide looks for. A hero is more practical and looks for existential matters and gives less importance to metaphysical matters that Candide does. Candide is compensate, gentle, discerning, and benevolent. â€Å"Candide† has established that practically everyone is a hero; this is well established more often by the emergence of â€Å"middle class† hero. The hero looks for overcoming dullness vice our work keeps at bay the three great evils: boredom that is dullness, vice, and needs or wants†. Candide the hero like to work for making life tolerable and manageable, not struggle to prove things. Candide passed through the disturbance near Portugal coast, then he got into the earthquake when he reached Lisbon, and was among plague epidemic in Algerian, he was not upset in theses tumultuous sufferings he passed through, a real hero exhibits such heroic courage. Candide choose to get into sufferings rather avoiding them for an easier path. Human beings are overwhelmed by jealousy, desire, greed, worry, concern, and fear than all the tribulations visited upon a citadel under siege, their Personal sorrow is grief harsher compared to the community misery. Candide finds himself into many situations which expect him to be a hero. He is found making advances towards Cunegund and so was thrown out of Thunder-ten-tronckh castle. Then he bumps gets into captivity of Bulgarians, he selects to run gauntlet and then where he requests them to kill him. Only a hero can ask to be killed normal people are afraid of death and would suffer anything to live. Candide showed different attitude to Bulgarians. Candide passes through the misery of worst earthquake in Lisbon, and comes out unshaken of it, a hero. Another heroic action is Candide’s marries Cunegund to respect his promise though he is not interested in marrying her now. But a hero Candide marries Cunegund to respect his commitment.   Candide got threats from the â€Å"Inquisition and Jesuits† to jail him in Paris, Candide remained unruffled. Paris is the City of chaos, where all are searching for happiness that hardly any one finds. Candide has shown qualities of hero that are regarded heroic even today.    How to cite The eminence of Candide is connected, Papers

Fringe Benefit Tax And Capital Gain Tax-Free Sample

Question 1: Alan is an employee at ABC Pty Ltd (ABC). He has negotiated the following remuneration package withABC: salary of $300,000; Payment of Alan's mobile phone bill ($220 per month, including GST). Alan is under a two-yearcontract whereby he is required to pay a fixed sum each month for unlimited usage of his phone.Alan uses the phone for work-related purposes only; Payment of Alan's children's school fees ($20,000 per year). The school fees are GST free.ABC also provided Alan with the latest mobile phone handset, which cost $2,000 (including GST). At the end of the year ABC hosted a dinner at a local Thai restaurant for all 20 employees and theirpartners. The total cost of the dinner was $6,600 including GST. (a) Advise ABC of its FBT consequences arising out of the above information, including calculation ofany FBT liability, for the year ending 31 March 2014. Assume that ABC would be entitled to inputtax credits in relation to any GST-inclusive acquisitions. (b) How would your answer to (a) differ if ABC only had 5 employees? (c) How would your answer to (a) differ if clients of ABC also attended the end-of-year dinner? Question 2: Dave Solomon is 59 years of age and is planning for his retirement. Following a visit to his financialadviser in March of the current tax year, Dave wants to contribute funds to his personal superannuationfund before 30 June of the current tax year. He has decided to sell the majority of his assets to raise the$1,000,000. He then intends to rent a city apartment and withdraw tax-free amounts from his personalsuperannuation account once he turns 60 in August of the next year. Dave has provided you with thefollowing details of the assets he has sold: (i) A two-storey residence at St Lucia in which he has lived for the last 30 years. He paid $70,000 topurchase the property and received $850,000 on 27 June of the current tax year, after the realagent deducted commissions of $15,000. The residence was originally sold at auctionand the buyer placed an $85,000 deposit on the property. Unfortunately, two weeks later thebuyer indicated that he did not have sufficient funds to proceed with the purchase, therebyforfeiting his deposit to Dave on 1 May of the current tax year. The real estate agents thennegotiated the sale of the residence to another interested party. (ii) A painting by Pro Hart that he purchased on 20 September 1985 for $15,000. The painting wassold at auction on 31 May of the current tax year for $125,000. (iii) A luxury motor cruiser that he has moored at the Manly Yacht club. He purchased the boat inlate 2004 for $110,000. He sold it on 1 June of the current tax year to a local boat broker for$60,000. (iv) On 5 June of the current tax year he sold for $80,000 a parcel of shares in a newly listed miningcompany. He purchased these shares on 10 January of the current tax year for $75,000. Heborrowed $70,000 to fund the purchase of these shares and incurred $5,000 in interest on theloan. He also paid $750 in brokerage on the sale of the shares and $250 in stamp duty on thepurchase of these shares. Dave has contacted the ATO and they have advised him that theinterest on the loan will not be an allowable deduction because the shares are not generatingany assessable income. Dave has also indicated that his taxation return for the year ended 30 June of the previous yearshows a net capital loss of $10,000 from the sale of shares. These shares were the only assets hesold in that year. (a) Based on the information above, determine Dave Solomons net capital gain or net capital lossfor the year ended 30 June of the current tax year. (b) If Dave has a net capital gain, what does he do with this amount? (c) If Dave has a net capital loss, what does he do with this amount? Answer 1: FBT is known as Fringe Benefit Tax is tax imposed on benefits paid to the employees by the company. There are many perquisites paid to the employees apart from the salary. So these are included in the ordinary income of the employee. The whole part of the benefit is not taxable, only some portion of it is included in the taxable ordinary income. FBT is assessed under Fringe Benefit Tax Assessment Act 1986. The tax rate applicable is 46.5%. There are 13 different types of fringe benefits provided to the employees by the employer. All are valued differently. For the employer who provides such benefit to the employee, the cost of such perquisite is deductible in the hands of the employer 8-1 Income Tax Assessment Act 1997. This type of tax comes into picture when a benefit is provided to the employee during a year. Such benefit is provided by an employer or b an associate of the employer or by some third party, but the associate or the third party must have an agreement with the employer. There are certain exclusions from the fringe benefit tax. These are Salary Wages : As these are directly taxable as ordinary income Superannuation Contributions The schemes like Employee share schemes. There are certain benefits that are exempt specifically. The various categories of fringe benefit tax are as follows Car Wavier of any kind of debt Loan provided Expense Payment Housing Allowance provided to the employee for living away Transportation from airline Meal expense or entertainment expense Car parking Property, etc (Australian Taxation Office, 2014) All the benefits have their own valuation rules. To in house benefits certain concessional treatment applies. There is a rule known as otherwise deductible rule. This rule applies to the following Fringe Benefit for Loan Payment for expense Fringe Benefit Transportation through Airline Fringe Benefit How to calculate Fringe Benefit Tax (Steps) First of all the taxable portion of all fringe benefit is calculated The benefits are segregated into two parts Goods and Service Tax creditable benefits known to be type 1 Other benefits known to be type 2 The value of benefit under type 1 is multiplied by 2.0647 and the benefit under type 2 is multiplied by 1.8692. To the amount calculated under step 3, we need to add the amount that is not exempt Now we need to know the taxable value of fringe benefit in order to include the amount of fringe benefit to the ordinary income of the taxpayer. This is calculated as follows Fringe Benefit Taxable Amount = (Type 1 * 2.0647) + (Type 2 * 1.8692) + Total Non-Exempt Amount Fringe Benefit Taxable Amount * 46.5% Let us analyze the case of Alan who is an employee of ABC Pty Ltd 1. Salary $300000: Will be directly included in the ordinary income and will be taxable at the normal slab rates 2. Payment of mobile phone bill = $220*12= $2640. This is inclusive of Goods and Service Tax. So it shall be included under the heading type 1. We can see from the question that the amount will fall under the heading type 1. In question one thing is mentioned that the mobile phone is utilized fully for work related purpose. In such case the amount is not taxable and is exempt. 3. The school fees paid by the employer on behalf of the employee is Goods and Service Tax free and is included under Type 2 4. Alan is provided latest mobile handset which cost $20,000 per annum. This is inclusive of Goods and Service Tax. So it shall be included under the heading type 1. We can see from the question that the amount will fall under the heading type 1. 5. Dinner is provided to all the 20 employees and their partners. The total cost of the meal was $6600. This is inclusive of Goods and Service Tax. So it shall be included under the heading type 1. We can see from the question that the amount will fall under the heading type 1. But the tax law says that in case if a perquisite is below $300 then it is a minor benefit and is exempt. Employees are 20 in number and we assume that there are more than 2 partners. In such case the food value per person falls below $300 and hence is exempt. The calculation for Fringe Benefit Tax is done as follows (a)Type 1:$2000 Type 2:$20000 Therefore, Fringe Benefit Taxable Amount = (Type 1 * 2.0647) + (Type 2 * 1.8692) + Total Non-Exempt Amount Fringe Benefit Taxable Amount = ($2000*2.0647)+($20000*1.8692)=$4129.4+$37384 = $41513.4 Amount to be included in the ordinary income = $41513.4*46.5%=$19303.731 (b) In case if the employer had only 5 employees then we can remove the assumption that we took above that the food cost per person will be more less than $300. We are not having the exact number of partners in order to know the food cost per person. So we cannot exactly calculate the benefit amount. This is inclusive of Goods and Service Tax. So it shall be included under the heading type 1. We can see from the question that the amount will fall under the heading type 1. So the amount will be multiplied by 2.0647. (c) In case if the total members including partners and clients is more than 22 then the answer will be similar to (a) and incase if the total members including partners and clients is not more than 22 then the answer will be similar to (b). Answer 2: (a) Computation Of Capital Gain For Dave Solomon For The Year Ended On 30 June Particulars Amount (in$) Total Amount (in $) Exempt: Proceeds Cost Base Of Home Property - (claiming the main residence i.e. family home exemption as it is exempted under the definition of CGT) Add: #Proceeds of Painting in the current year 125,000.00 Less: Cost Base of Painting acquired in 1985 after indexation (15000*123.4/71.3)=25960.73 (25,960.73) 150,960.73 Add: Proceeds of Luxury Motor Cruiser in the current year 60,000.00 Less: Cost Base of Luxury Motor Cruiser acquired in 2004 (110,000.00) (50,000.00) Add: Proceeds of Shares 80,000.00 Less: Cost Base (75,000.00) Less: Interest cost deduction (5000/5=1000) (1,000.00) Less: Brokerage On Shares deduction (750.00) Less: Stamp duty on Shares deduction (250.00) 3,000.00 Less: Previous Year Capital Loss Deduction (10,000.00) (10,000.00) Net Capital Gain For The Current Year 93,960.73 #Painting acquired is not considered in the category of collectables as Dave Solomon acquired it for the value less than $500 before 16 December 1995. Exceptions and exemptions: Commonly speaking, a capital profit or capital loss on items below mentioned is not applicable: 1. Assets acquired before 20 September 1985 2. Cars, motorcycles and alike vehicles 3. Reimbursement received for particular injury 4. Disposal of main residence (family home) 5. A collectable, for example, painting, which acquired for $500 or less 6. A private used asset kept mainly for private use or pleasure. If assesse acquired it for more than $10,000, is disregarded for only capital losses. 7. If it is acquired for $10,000 or less, it is disregarded for both capital gains and capital losses. (b) Functioning out net capital gain or loss - After finding out Capital Gains Tax of each asset, Assesse needs to calculate Net Capital Gain from the below mentioned formula - Net capital gain = Total capital profit for the current year Less: Total capital losses (including any net capital losses from previous years) Normally, CGT is not an isolated tax. The net capital profits forms part of assesse assessable income in the year the CGT event occurred and is to be paid as a part of assesses income tax assessment for the respective income year. As assets are often long term assesse needs to keep records safely and securely relating to purchase, conservation and enhancements. This will help not only in finally working out the amount that is subject to Capital Gains Tax but also helps in recollecting the true base costs that has been spent. Some records which are specifically needed to keep include: Interest paid/to be paid on related loans Grosses of purchases Histories of expenses like audit fees, stamp duty etc. Incomes covering taxes, bills, rates etc. Grosses for repairs, maintenance and improvements Any arcade evaluations Grosses for stocks brokerage (c) Functioning out net capital gain or loss - Once assesse finds capital loss for each capital asset he/she needs to find out his/her net capital loss for the year. Net capital loss = Total capital losses (including any net capital losses from preceding years) Less: Your total capital gains for the year Assesse cannot deduct his/her net capital loss straight from his/her other incomes, but he/she can carry it forward and subtract it from capital gains in future income years. There is no such time limit restriction on how long one can carry onward a net capital loss. One must put on his/her capital losses counter to his/her capital gains in the order in which he/she made them. They cannot choose not to counter capital losses against capital gains if they have them, however, they can choose which capital gains to deduct their losses from. Net losses arising from collectables can only be deducted from capital gains made from respective category of collectables only, and not from other capital gains. There are some limitations and prohibitions on whether or how companies and trusts handle capital losses and there are some capital losses that assesse must disregard. References: ANON, N.D., Capital Gains Tax on Shares and Units, viewed on 11 January 2014. ANON, N.D., Capital Gains Tax on Home, viewed on 11 January 2014. ANON, N.D., Capital Gains Tax Exemptions, viewed on 11 January 2014. ANON, N.D., Calculating a Capital Loss, viewed on 11 January 2014. ANON, N.D., Calculating and Paying Capital Gains Tax, viewed on 11 January 2014. ANON, N.D., Step By Step Guide to Capital Gains Tax, viewed on 11 January 2014.