The Principles of Islamic Accounting Definition and discussion of some accounting principles and how they are fit into Islamic framework to furnish an accounting system and procedures for Islamic Financial institutions will be considered here. The plan to study accounting principles From an Islamic perspective is to review these principles from the viewpoint of the Major Islamic principles which govern financial dealings and contracts‚ as mentioned In the Qur ’an. These are: 1- Realization
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OF COMMERCIAL BANK INTRODUCTION In this report I have mentioned the ratio analysis of the financial statement’s data (income statement and balance sheet) of the commercial bank by comparing five year information given by that statements. It includes 2007‚ 2008‚ 2009‚ 2010 and 2011 years. I have used following ratios. * Return on equity (ROE) * Return on assets (ROA) * Net interest margin (NIM) * Net interest margin after provision for
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The Repetition of Blue’s Clues By Lindsey Wagner Mr. Smith AP English 11 25 May 2012 We all remember Nickelodeon’s popular television show for preschoolers‚ Blue’s Clues. The idea is whether or not repetition has effectively worked on getting children intellectually active with Blue’s Clues. Steve‚ the host‚ presents the audience with a puzzle involving Blue‚ the animated dog. Throughout the show are different challenges applied to figure out the different things that Blue
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Describe two major ways in which a company can grow. Give examples to illustrate the two ways of growing. Every business owner remembers how it started its business and how it evolved naturally‚ as well as‚ the work ones put to find the right resources in order to improve it. Each of business companies at a certain point will ask itself whether the market it is serving its needs and if there are any other opportunities. What Davis Group was considering in its strategy was to study the three main
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not personal protect as helmet‚ gloves‚ face mash‚ etc. I think he will be seriously injured. Near the gas station‚ some firemen are quite calm. They don’t attend to the fire. Nobody holds fire hose or fire extinguisher. To my mind‚ this picture describe real situation of force firefighter in Vietnam. They use the old equipment which quality are very low. In addition‚ fireman is equipped fully good personal tools and trained knowdge and good skill. The fireman who is running and holding his helmet
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Chapter 5- GLOBAL COMPANY PROFILE: Regal Marine world’s 3rd largest boat manufacturer; Regal uses CAD computer aided design; Regal uses JIT inventory to deliver parts as needed. GOODS & SERVICES SELECTION: The good or service provided is basis for an organization’s existence and the key to success; To maximize success‚ companies focus and concentrate on few products; Companies must look constantly for new products to design; Product Decision- to develop‚ implement a product strategy that meets
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used to determine the nature‚ timing‚ and extent of audit procedures. Describe the components of the model and discuss how changes in each component affect the auditor’s need for evidence. The audit risk model is used to determine the nature‚ timing‚ and extent of substantive audit procedures. The components of audit risk model usually stated as follows: DR = AR/(IR x CR) Where: DR = detection risk; AR = audit risk; IR = inherent risk; CR = control risk Detection Risk: auditors’ procedures will lead
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objective of financial statements emphasizes a stewardship approach for reporting financial information. True · The purpose of the objective of financial reporting is to prepare a balance sheet‚ an income statement‚ a statement of cash flows‚ and a statement of owner’s or stockholders’ equity. False The purpose of the objective of financial reporting is to provide general purpose financial information about the reporting entity to present/ potential equity investors‚ lenders and creditors about
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customers has vastly increased making it much more difficult to keep track of the finance and performance. This is where accounting plays its role of systematically recording‚ reporting and analysing the financial transactions of a business. This essay aims to compare and contrast the roles and responsibilities of a management accountant with that of a financial accountant. Accounting allows a company to analyse the financial performance of a business and represent its position through past and future
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Corporate Social responsibility: Shell Oil-Nigeria Case Study By Fatorma Bolley Abstract Corporate Social Responsibility‚ CSR has become an important element in the business strategy of a growing number of companies worldwide. A large number of initiatives have been developed that aim to support companies in developing‚ implementing‚ and communicating about CSR‚ Shell
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