What is the Bangladesh standard on Audit(BSA-300) ? Describes in details

 Administrative overhead-corporate practice bd

Administrative overhead refers to the costs associated with the general administrative functions and support services within an organization. These costs are incurred to ensure the efficient operation and management of the overall business and to provide support to various departments and personnel. Administrative overhead expenses typically include the following:

1. Salaries and Benefits: 

   The costs of salaries, wages, and benefits for administrative staff, including executive management, human resources, finance, accounting, legal, and other administrative personnel.

2. Office Space and Utilities: 

   The expenses related to office rent, lease payments, utilities such as electricity, water, and heating, and maintenance of office premises.

3. Office Supplies and Equipment:

    Costs associated with office supplies, such as stationery, computers, printers, software, furniture, and other equipment needed for administrative functions.

4. Communication and Technology:

    Expenses for communication services, such as telephone systems, internet access, email services, and software licenses.

5. Insurance:

    Costs related to various insurance policies, such as general liability insurance, property insurance, and professional liability insurance.

6. Professional Services:

    Expenses incurred for external professional services, including legal consultations, accounting and auditing services, consulting services, and other specialized services required for administrative functions.

7. Travel and Entertainment: 

   Costs associated with business travel, accommodation, meals, and entertainment for administrative personnel.

8. Training and Development:

    Expenses related to training programs, workshops, conferences, and professional development initiatives for administrative staff.

9. Office Administration: 

   Costs for office management, including reception services, security, cleaning, and maintenance of office facilities.

10. Regulatory Compliance: 

    Expenses associated with ensuring compliance with applicable laws, regulations, and licensing requirements.

Administrative overhead costs are essential for the smooth functioning of an organization, as they support the day-to-day operations, coordination, and management of various departments and functions. While administrative overhead costs do not directly contribute to the production of goods or services, they play a crucial role in providing support, infrastructure, and organizational resources necessary for the overall success and efficiency of the business.

WIMAX COMPANY LIMITED

                                                             FOR THE YEAR ENDED 30 JUNE 2022

ADMINISTRATIVE OVERHEAD

				Year-2022		Year-2021
Salary & Allowances				XXXX		XXXX
Travelling & Conveyance				XXXX		XXXX
Covid-19 Accessories & Materials				XXXX		XXXX
Postage, Telephone & Internet				XXXX		XXXX
Office Accessories & Supplies				XXXX		XXXX
Fees & Professional Charge				XXXX		XXXX
Audit Fees including VAT				XXXX		XXXX
Welfare Expenses				XXXX		XXXX
Rent, Rates & Taxes				XXXX		XXXX
Vehicles Upkeep Expenses				XXXX		XXXX
Repairs & Maintenance				XXXX		XXXX
Insurance Premium (Group)				XXXX		XXXX
Other Administrative Overhead				XXXX		XXXX
				XXXX		XXXX

          Total Overhead expense