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ACN305-ASSIGNMENT.docx - ASSIGNMENT ON ORION INFUSION LTD....

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ASSIGNMENT ON ORION INFUSION LTD.ACN305-ASSIGNMENTSubmitted By: Sumaiya AkterID: 1920450Course Name: Acn305Course Title: Financial AccountingSection: 02INDEPENDENT UNIVERSITY, BANGLADESHSubmitted To: Md. Safiuddin ACMA, ITP
Company OverviewOrion Pharma Limited, earlier called Orion Laboratories Limited was incorporated in 1965 as aprivate limited company. The Company was converted into a public limited company on 24 July2010. The registered office of the company “Orion House” is situated at 153-154 TejgaonIndustrial Area, Dhaka-1208, Bangladesh. The company was listed both with Dhaka StockExchange Limited (DSE) and Chittagong Stock Exchange Limited (CSE). It is one of thepremier pharmaceutical’s companies of Bangladesh. The company believes in “Quality neverdies”. The company is doing very good in their sector. They also awarded for serving customerswith excellent quality product.IAS adopted by BangladeshIAS No.IAS TitleStatus ofAdoption byICABEffective Dateas BAS1Presentation of Financial Statementsadopted01-JAN 20072Inventoriesadopted01-JAN 20077Cash Flow Statementsadopted01-Jan-19998Net Profit or Loss for the Period,Fundamental Errors and Changes inAccounting PoliciesAdopted01-JAN 200710Events after the Balance Sheet DateAdopted01-JAN 200711Construction ContractsAdopted01-Jan-199912Income Taxesadopted01-Jan-199916Property, Plant and EquipmentAdopted01-JAN 200717Leasesadopted01-JAN 200718Revenueadopted01-JAN 200719Employee Benefitsadopted.01-Jan-200420Accounting for Government Grants andDisclosure of Government AssistanceAdopted.01-Jan-199921The Effects of Changes in ForeignExchange RatesAdopted01-JAN 200723Borrowing Costsadopted01-Jan-201024Related Party Disclosuresadopted01-Jan-200726Accounting and Reporting byRetirement Benefit Plansadopted01-JAN 200727Consolidated Financial Statements andAccounting for Investments inSubsidiariesAdopted01-Jan-0428Accounting for Investments inAdopted01-JAN 2007
Associates29Financial Reporting inHyperinflationary EconomiesNot Adopted31Financial Reporting of Interests in JointVenturesadopted1-jan-200732Financial Instruments: PresentationAdopted1 January 201033Earnings per Shareadopted1 January 200734Interim Financial ReportingAdopted1 January 199936Impairment of Assets June 1998Adopted1 January 200537Provisions, Contingent Liabilities andContingent AssetsAdopted1 January 200738Intangible AssetsAdopted1 January 200539Financial Instruments: Recognition andMeasurementadopted1 January 201040Investment Propertyadopted1 January 200741AgricultureAdopted1 January 2007IFRS (Adopted by Bangladesh)IFRS No.IFRS TitleStatus ofAdoption byICABEffective Dateas BASIFRS 1First-time Adoption of Internationalfinancial Reporting Standardsadopted01-Jan-2009IFRS 2Share Based Paymentadopted01-Jan-2007IFRS 3Business Combinationsadopted01-Jan-2010IFRS 4Insurance Contractsadopted01-Jan-2010IFRS 5Non-Current Assets held for Sale andDiscontinued Operationsadopted01-Jan-2007IFRS 6Exploration for and Evaluation ofMineral Resourcesadopted01-Jan-2007IFRS 7Financial Instruments: Disclosuresadopted01-Jan-2010IFRS 8Operating Segmentsadopted01-Jan-2010IFRS 9Financial InstrumentsNot yet adopted-IFRS 10Consolidated Financial Statementsadopted01-jan- 2013IFRS 11Joint Arrangementsadopted01-jan- 2013IFRS 12Disclosure of Interests in Other Entitiesadopted01-jan- 2013IFRS 13Fair Value Managementadopted01-jan- 2013

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Term
Summer
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Tags
Balance Sheet, Generally Accepted Accounting Principles, International Financial Reporting Standards

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