Importance of different accounting costing methods for cutting costs of Bata Bangladesh footwear production, retail stores and warehouses

Abstract

As a mandatory report for completion of the Bachelor of Business Administration (BBA) degree, this report has been prepared after a 3 months internship at Bata Bangladesh on “Importance of different accounting costing methods for cutting costs of Bata Bangladesh Footwear Production, Retail Stores and Warehouses” The responsibilities and works assigned for me as the intern of Real-Estate department of Bata Bangladesh is described as well as learnings, advantages, disadvantages received through the internship time. The objective behind preparing this internship report is to perfectly analyze the process and usefulness of cost accounting methods in department of Real Estate-Bata Shoe (Bangladesh) company and its overall influence on organization footwear production, retail stores, warehouses. In this report, I tried to find out the contribution of different cost accounting method and compare the methods with existing cost accounting method to reduce the costs in footwear production, retail stores, warehouses and increase efficiency. Bata being one of the global and leading footwear company having already practicing with proficiency in using cost accounting methods but it’s trying to improve every day and using updated accounting methods in producing and operating in Bangladesh. Bata is an established brand all over the Bangladesh and in different nations too, one of the well-known leading footwear manufacturers in Bangladesh based on its manufacturing capacity, brand value, market share, revenue position. Some predicted figures and amounts are found from the company’s insiders for giving depth view of the cost accounting methods usefulness. In the time of my internship, I suggested in different types of accounting practices to use for cutting the overall costs in manufacturing, overheads, designing in stores. I had got the chance to know how to prepare profitability analysis sheet of the stores and warehouses of Bata Bangladesh but there are some misstatements for analyzing the profitability sheet which I tried to address in this report. A survey from 20 employees is taken to get in depth knowledge about the cost accounting methods used in Bata Bangladesh. Moreover, I found ways to improvement which Bata Bangladesh can emphasize found from the survey. Anyone who wants to know about effective profitability analysis function to gain knowledge might find this report as beneficial.