Accountancy Articles
Displaying items 1-10 from a total of 172 item(s).
An Alternate Approach to Practiced Islamic Corporate Finance
by Salman Ahmed Shaikh | Published on 2/20/2010
Islamic finance has been criticized by some circles for using conventional benchmarks in pricing products, using more or less the same product structure and predominantly using debt based modes of financing. This research article takes an alternative approach and goes beyond practiced Islamic finance to suggest an alternative financial framework.
Islamic Banking Needs Restructuring
by M.Iqbal Patel | Published on 2/6/2010
Islamic economic system is rooted in the values and principles to solve the economic problems of mankind from a moral and socially responsible perspective. It integrates economics with ethics so that efficiency and equity become elements of a composite reality.
Fine Tuning Workers’ Welfare Fund Levy
by Muhammad Arshad | Published on 1/25/2010
Businessmen and the legal fraternity dealing with taxation matters are pleased with the change in the attitude of the Federal Board of Revenue for creating more transparency and clarity for better tax compliance. Circular No.13 of 2008 dealing with Workers Welfare Fund can be quoted as an example.
Catalysing Venture Capital Funding
by Hasaan Khawar | Published on 12/7/2009
The importance of venture capital (VC) for business growth is critical, as the VC funding is available to nascent companies with little financial wherewithal and no track record but strong products or services and innovative business models. Such funding helps these early-stage companies to grow beyond a certain level and also bring in innovation into the overall business landscape.
Islamic Banking - A Hedge Against Man-made Crisis
by Mohiuddin Aazim | Published on 9/19/2009
Islamic banking remained least affected by the global financial crisis. It experienced some problems only after this crisis had snowballed into a recession in developed economies affecting growth prospects of Pakistan and other developing countries.
Finance Bill 2009-2010: Looking into the PESTL Crystal Ball
by Muhammad Ashraf | Published on 5/1/2009
Whilst the global economy is slowing down under the impact of the US subprime crisis, Pakistan has not remained immune from the suffering of the global turmoil. Pakistan's economic growth is declining sharply and according to International Monetary Fund, the economic growth is anticipated to be 2.5%. Currently, Pakistans economy is facing the threat of a prolonged recession.
Problems Under The Withholding Tax Regime [WHT]
by Muhammad Ashraf | Published on 4/1/2009
Withholding is an act of deduction or collection of tax at source and is in the nature of an advance tax payment. Historically, the contribution of Withholding Tax was 41 percent of total direct tax revenues but now it is contributing more than 90% of the Regional Tax Offices.
Issues in Islamic Banking
by Syed Imad-ud-Din Asad | Published on 2/10/2009
Islamic banking has achieved growth rates that tremendously outpace conventional banking. While there are banking norms common to both Islamic and western financial systems, certain norms are exclusive to Islam. Some of the Islamic restrictions render certain western banking practices and transactions void.
Role of Tax Directors and Managers during Economic Downturn
by Muhammad Ashraf | Published on 11/29/2008
During economic downturns, company bosses search for as many ways as possible to cut business costs and bring in cash. As the possibility of a global recession gets stronger every day, companies are aiming to generate cash and hold on to it. The sticky economy does raise other issues, which, admittedly, are also valid to address when times are good.
Strategic Fiscal Policy
by Muhammad Ashraf | Published on 5/18/2008
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.
