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A going concern is an accounting term for a business that is assumed will meet its financial obligations when they become due. It functions without the threat of liquidation for the foreseeable future , which is usually regarded as at least the next 12 months or the specified accounting period (the longer of the two).
An accounting information system (AIS) is a system of collecting, storing and processing financial and accounting data that are used by decision makers.An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources.
To disseminate accounting and auditing thoughts relevant to Islamic financial institutions and its applications through training, seminars, publication of periodical newsletters, carrying out and commissioning of research and other means; To prepare, promulgate and interpret accounting and auditing standards for Islamic financial institutions
The trial balance, which is usually prepared using the double-entry accounting system, forms the basis for preparing the financial statements. All the figures in the trial balance are rearranged to prepare a profit & loss statement and balance sheet. Accounting standards determine the format for these accounts (SSAP, FRS, IFRS). Financial ...
By Leah Douglas and Julie Steenhuysen (Reuters) -California's public health department reported a possible case of bird flu in a child with mild respiratory symptoms on Tuesday, but said there was ...
Buckwheat. Despite its name, buckwheat doesn’t contain any wheat at all, making it a popular grain in gluten-free diets. While buckwheat groats, or kernels, contain a good amount of protein ...
In the classical period of Islam, Sakk (sukuk) meant any document representing a contract or conveyance of rights, obligations or monies done in conformity with the Shariah. [ citation needed ] The term was used to refer to forms of papers representing financial obligations originating from trade and other commercial activities in the Islamic ...
"We never really planned on being that family that does the thing this long (I’m not gonna type it cause we all know what I’m talking about ), but my Maverick is the best person I have ever ...