Business : Accounting : Unpublished Academic Papers

Academic Mind : Business : Accounting : Abstracts & Full Text Unpublished Academic Papers

December 2004 | David Highfill | Kansas State University
Abstract:
This paper talks about British Accounting. The first part will talk about how the British were important in the development of accountancy. Within this part, large-scale organizations showed growth. Company legislation was important to the development of accounting laws in England. Limited liability companies were prone to insolvencies during the late nineteenth century. The income tax created demand for accountants during this period. The second part will talk about the differences between British and American accountants. The final part will talk about how British accountants were important to the development of the United States. Without the intuition of past British accountants like: Samuel Price, Edwin Waterhouse, William Welch Deloitte, and George A. Touche, this profession would not be in the same place as it is today.

AcadmicMind #000aab

Accounting Industry News:

Strategic Fiscal Policy
One wonders about the news item appearing in the newspapers in which World Bank issued a report stating the fact that corruption has increased in last eight years. I reiterate my earlier year’s submission whereby I suggested that Government should be bound to present Financial Statements in line with International Public Sector Accounting Standard Board’s exposure draft 27 – Presentation of Budget Information in Financial Statements.

Instruments of Islamic Banking in Operation
There is consensus among Islamic scholars that to replace interest, the ideal mode of financing under Islamic banking system is financing on profit and loss sharing (PLS) basis. It therefore, follows that in case an entrepreneur availing finance from an Islamic bank earns profit, it must be shared between the bank and the entrepreneur.

ABC of Income from Property
We know that the imposition of tax and computation of total income has to be classified under one of the five heads of income. Rent received or receivable by a person in respect of land or building, is charged to tax under the income head ‘Income from property’.

Critical Analysis of the Current Islamic Banking System
A number of local and foreign scheduled banks have started Islamic banking windows and exclusive Islamic banking branches in Pakistan. It is expected that Islamic banking will capture 12% of the deposit market by 2012.

Juncta Juvant of Finance Act 2007
This article is an endeavor to find out the substance of fiscal laws in economic and accounting terms by correlating different amendments brought by Finance Act, 2007 – Juncta Juvant.