In this article, we bring you the introduction to Islamic Finance and what are the prohibited elements in Islamic Finance.
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Posted inAccounting
Accounting 101: Considerations for the presentation of financial statements
In our previous series of articles on Beginner’s guide on Accounting – Accounting 101, we have shared with you the objectives and the users of the general purpose financial statements. We have also explained the components of the general purpose financial statements. For this round, we will share with you the considerations for presentation of […]
Posted inIslamic Finance
The primary sources of Islamic laws
The article explains the primary sources of Islamic laws. It helps to understand how Shariah rulings are derived for Islamic transactions.
Posted inAccounting
Accounting 101: Components of the General Purpose Financial Statements
Understand the main components of general purpose financial statements. The article also explains further what are these components and their purposes.
Posted inAccounting
Accounting 101: Introduction to Accounting
In this article, we provide the introduction to accounting, the types of accounting method and why there is a need for accounting framework.
Posted inFinancial Accounting
The upcoming amendments to IAS 1: Disclosure of Accounting Policies
The article discusses on the upcoming amendments to IAS 1 relating to disclosure of accounting policies including how it affects reporting entities.
Posted inFinancial Accounting
The upcoming amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
Understand the upcoming amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors to be issued by IASB soon.
Posted inFinancial Accounting
IFRIC Agenda Decision: How Does It Affect You?
IFRIC Agenda Decision is a document issued by the IFRS Interpretations Committee (“IFRIC”). What is IFRIC? IFRIC is an interpretive committee of the International Accounting Standards Board (“IASB”). The function of the IFRIC is to deliberate, respond, and provide a recommendation on issues submitted to the committee regarding the application of the accounting standards issued […]