Islamic Accounting & Financial Reporting Assignment

Islamic Accounting & Financial Reporting - Assignment Example The risks towards one’s life, wealth and health are growing as numbers of incidents and thefts are growing in all parts of the world but these threats are more severe in the case of Islamic countries where terrorism and unlawfulness is rising all the time (Lapidus, 1996). The whole idea behind Islamic Takaful insurance is to legalize and Islamize the notion of insurance (Maysami & Williams, 2006). The conceptual framework of Takaful insurance is not a new one because Prophet Mohammad had implemented it fourteen centuries ago. However, the featured concept is based on mutual cooperation of all the policyholders (Wahab, Lewis, & Hassan, 2007). The funds are gathered and then deserving policyholder is paid by all others so that he or she can get through a rough time. The responsibility of each policyholder to pay the suffering partner is found to be stemming from ethics and humanity. No legal measures are taken in order to bind policyholders to help each other. The Islamic teachi ngs promote charity and genuine concern for others and the emphasis on the need to assist those Muslims who are going through rough times increase manifold in Islamic teachings and Quran. The policyholders usually do not help those partners who did not help them in the difficult period of life and it is also considered totally acceptable by Muslim Scholars as human relations are based on rule of reciprocity. The Takaful insurance challenges the presence of interest which according to teachings of Islam promotes exploitation and social inequality in the society. Moreover, it is imperative to note that Takaful insurance is not a very powerful tool of moneymaking right now and therefore, the companies engaged in this business have to get themselves ensured with other conventional service providers in order to remain afloat in the industry. Additionally, most of the Muslim capitalists do not consider the notion of Takaful insurance viable in nature because according to them, it ignores

Personality Analyiss Essay Example | Topics and Well Written Essays - 3750 words

Personality Analyiss - Essay Example There are also some, who regard personality as a diamond consisting of diverse facets of behavior and belief. Still there are others who argue that the whole notion of personality is wrong headed – a comfortable fiction rather than a scientific fact. Usually in this view, personality is often influenced by the immediate circumstances rather by the social interactions, that is, personality remains consistent due to the environmental factors that also remain unchanged. Significantly, personality has been postulated and analyzed by a number of experts in the field of behavioral science, and as a result, a number of theories elaborating the nature and rationale have emerged, thereby providing a wide area for interpretation and further research. This essay presents an analysis of a fictional character from a popular television series entitled, CSI. The character of Gil Grissom is the main subject of this study in the aim to dissect and point out certain specific traits and explain them according to the theories advanced by several personality psychologists more particularly of Howard S. Friedman and Miriam W. Schustac. The succeeding paragraph will also present arguments that will validate the presence of these theories in the chosen fictional character to establish a solid ground for conclusion. At the age of 22, Gill Grissom became the youngest coroner in LA County. He was recruited to run the field service office in Las Vegas where he spent 17 years elevating the status of the Vegas laboratory into the second most efficient crime lab in the United States. Earning a biology degree from UCLA, Grissom worked as a night shift supervisor of the Las Vegas Crime Unit. Being a forensic entomologist and a CSI level three, he was knows as the ‘bug man’ amongst his colleagues which was originally composed of Catherine Willows, Nick Stokes, Warrick Brown and Sarah Sidle in the first few seasons. Eventually

Anatomy, Physiology & Disease Assignment Example | Topics and Well Written Essays - 250 words

Anatomy, Physiology & Disease - Assignment Example A good example of communicable disease that poses a huge threat to public health include HIV/AIDS. This disease is easy to diagnose; the most common diagnosis is through blood tests. In essence, testing is done in order to identify the presence of antibodies created in the body in an effort to fight the HIV (Holland, Olsen and Florey, 2007). It is worth noting that the disease is caused by a virus known as Human immunodeficiency virus (HIV). Some of the signs and symptoms of HIV/AIDS according to Hall, Hall and Cockerell (2011) include weight loss, diarrhea, coughing, dermatitis, herpes, TB, unrelenting wounds, and abscesses. Prevention of HIV/AIDS depends on the mode of transmission. It can be transmitted through sexual intercourse, blood transfusion, and transmission from a pregnant mother to the unborn child. Prevention of the disease in relation to sexual transmission is achieved through the use of condoms and sex education. Blood ought to be screened thoroughly before transfusion to detect the presence of the disease. Pregnant mothers also ought to be tested and subsequent treatment given in case of presence of the disease (Ramaiah, 2008). Antiretroviral drugs are used to treat the disease. These drugs are taken on a daily basis in a bid to minimize the amount of the HIV virus in the body (Ramaiah, 2008). There are also post-exposure prophylaxis medications that are used for emergency treatments when an individual has been exposed to the virus (Hall, Hall and Cockerell, 2011). There is however no known cure for the disease. These medication are only used to reduce the amount of HIV in the body in order to allow the body fight infections. Epidemiological studies have proved that HIV is transmitted through three routes namely sexual transmission, exposure to contaminated blood, and mother to child transmission. The

Need to justify investing in IT projects Essay Example | Topics and Well Written Essays - 500 words

Need to justify investing in IT projects - Essay Example Project planning involves guiding the execution of the project. A lot of resources are required in project planning since plans have to be useful and realistic. This paper looks at the need to IT projects investment justification. Best practices in governance of IT do identify efficient and effective IT investment as well as portfolio decisions as a significant objective and do insist on definition of the formal investment criteria for instance, Pay-back period, Net Present Value and ROI. In order for an IT investment to be justified, it has then to be linked to the investment’s business benefits, whereby the benefits have to be qualified and some monetary values allocated to the outcomes. One of the main reasons as to why IT projects have to be justified is that it involves a major capital investment. According to Computer Economics Incorporation, in certain industries, more than half of all expenditure is accounted for IT. This means that if executives of information systems need new systems to gain approval, then it is good for them to understand how the executive management expects justification of large capital expenditures (Computer Economics Inc., 2014). Despite the difficulties in the quantification of IT investments benefits, the senior executive are asking information system leaders tough questions with regard to the proposed IT investment project is going to improve the key business as well as financial metrics. Business benefits from IT projects happen to be indirect outcomes of interactions that are complex between business processes within which the technology is entrenched, and the technology itself. These benefits mostly include substantial intangible components. However, they take time to materialize because business processes and customer perception happen not to be instantaneous phenomena. A shortage of good processes for magnitude estimation as well as timing of business benefits that result from IT projects exists (ISACA, 2014).

LEGAL AND FINANCIAL ENVIRONMENT FOR BUSINESS STUDY Case

LEGAL AND FINANCIAL ENVIRONMENT FOR BUSINESS - Case Study Example The firm is aiming to expand their business so they are going to face complex structure for the employment contracts and recruiting efficient employees. Employment contracts are the most important legal requirement for employing new people in the operational process. Mainly, legal obligation of the firms are outlining different terms like employment conditions, rights of the parties involved, sharing responsibilities and duties among the parties. It is observed that employment contracts of the UK are having two parties like employer and employees (Aggarwal, 2003). Employer: In the current context, Grace and Taylor is the employer party of the employment contract. Grace and Taylor have to be responsible for compensating new and existing employee. In addition, the UK government is empowering local employment with lawsuits. As per the contracts, Grace and Taylor have to evaluate that predetermined employment standards are maintained in the workplace (Gov.uk, 2015). Major terms of the employment contracts are expressed and implied. Employment contract of the Grace and Taylor will be outlining compensation rate. Payment mode or frequencies for the new recruits are also outlined. The statement must include the leave list and absence payment options. The contract statement will outline the number of working days in a week and month. Working hours are also stated to the employee along with the location of joining (Gov.uk, 2015). Employment contract of Grace and Taylor are outlining the employees duties in terms of setting up potential operational targets. In addition, new recruit have to be informed about the particulars of pension scheme of the firms and other additional payments. The statement should be outlining probationary period applied on new recruits. Such contract papers will disseminate the details of termination, regulation and accusation policies of Grace and Taylor (Cohen & Lou, 2012). The UK legislation is using

The Vietnam War Essay Example | Topics and Well Written Essays - 1250 words - 1

The Vietnam War - Essay Example In their attempt to prevent Vietnam from being a Communist country, the United States opted to help France in defeating Vietnam and its revolutionaries. US, therefore, sent military aid to the French in 1950. US troop’s quantity continued increasing over time until April 1969, when they reached a climax of 5434000. There were a total of 2.7 million Americans serving in South Vietnam. 58000 of them died or went missing, while 300000 others were wounded. It has been documented that the American government spent over 140 billion dollars on this war. Despite this gigantic military effort by the US, its objectives were not achieved by the end of the war. That failure has led, to date, searching answers to why the war was actually fought, and whether better military and diplomatic outcome was possible for America (Lawrence 129). After suffering a significant defeat at Dien Bien Phu in 1954, French decided to leave Vietnam. A number of countries met at the 1954 Geneva Conference in t heir effort to determine how French would have withdrawn from Vietnam peacefully. From the conference, came an agreement that has been referred to as the Geneva Accords. It stipulated a composed extraction of French forces and a momentary splitting up of Vietnam across the 17th parallel (Wiest 23). This 17th parallel ended up splitting Vietnam into non-communist South Vietnam and communist North Vietnam. In addition to this, the conference agreed that a general independent election would be held in 1956 in order to bring back together the nation under a single government. Fearing that the communists would win during the election, the United States was against the election. South Vietnam, with the help of America, carried out the election within South Vietnam, rather than the entire country. Ngo...As the war between the South Vietnamese and the Viet Cong progressed, the United States, on the other hand, sent more guides to South Vietnam. On August 2nd, 1964 the North Vietnamese fired straight on two American vessels in global waters. This firing has been known as the Gulf of Tonkin Incident. The Congress acted in response with what has been referred to as the Gulf of Tonkin Resolution. US president, President Johnson’s intention for the US taking part in the Vietnam War was not for America to prevail in the war, but for the US to reinforce South Vietnam’s defenses so that South Vietnam would take over leadership. Critics have argued that by getting involved in the Vietnam War without a goal to come first, President Johnson set a weak foundation for later open and military troop disappointments for America. This is one of the greatest impacts that the Vietnam War had on the Cold War, as far as American’s success was concerned. The Vietnam War was a turning point for the Cold War, as Americans realized that their military troops were not comparable to others in strength and not able to win in any war. They needed better modus operandi and org anization. Between 1965 and 1969, the Americans were majorly involved in a restricted war in Vietnam. Even though aerial bombing was still present at the North, President Johnson intended the fighting to be limited only to the South. This limitation ensured that the United States troops would not perform severe ground physical attacks at the North to directly attack the communists.

Theodora Essay Example | Topics and Well Written Essays - 1000 words

Theodora - Essay Example She was a monophysite Christian while her husband was an orthodox Christian. The fact that law had to be changed proves that Theodora came from a lowly background but despite her background her influence on others was immense. Despite her background she could exert tremendous influence on her husband, on Byzantine politics and law. She first influenced Justinian with her wit, beauty and insight. There were difficulties in marrying her because of her background so he made her his mistress. She could influence the then emperor Justin in to changing the laws so that she could marry Justinian. Thus she earned the respect of her husband. She had tremendous influence on various people, issues and particularly workings of the state. She exerted significant influence on matters of law pertaining to women. She was treated as an intellectual partner and her suggestions had strong influence on the political decisions of the empire. For instance, when two factions came into existence and threatened to end Justinian’s rule, she influenced the generals and the officials to stay in the city and take strong action to suppress the rebellion. She was consulted when they wanted to introduce reforms to end corruption by public officials. She is even credited with supporting her husband in providing advice during the Nika revolt. She exerted influence by participating in making the laws and handling diplomatic functions usually reserved for the emperor. Several achievements and accomplishments show how powerful a woman Theodora was of her time. The Nika Revolt was the first incident that brought her to limelight. This full scale revolt almost toppled the regime. When there was debate whether to run away in ships or to remain where they were, Theodora rose to speak. Her speech was such that it could be compared to a speech made by the senator to the insurgents. She acknowledged