PINK DRAGON

G the sk8erboi

Cotton-candy pink haired in Paris

OMG,u lucky fan!! 

The leader of nu'school~take dat

* Paris *

Whos dat

Au Revoir~safe trip u leader!

FAR 600 : Islamic Accounting

My own simple notes for parts of article by Dr. Shahul Hameed,here.

What is Islamic Accounting?
-Accounting process which provides info to stakeholders of an entity which enable them to ensure that the entity is continually operating within Shariah bound and delivering its socio-economic objectives.

Comparison between Islamic Accounting (IA) with Conventional Accounting (CA)

Objectives of providing info:

Islamic Accounting (IA)

• To enables users to ensure that Islamic organisation abide by the principles of Shariah in its dealings.
• To ensure the assessment of whether organization objectives are being met.
• Try To achieve certain socio-economic objectives encouraged by Islam.

Conventional Accounting (CA)

• Ultimate purpose: To help users make appropriate decisions on their investments.

Type of information:

Islamic Accounting (IA)

• Identify socio-economic,religious events and transactions.
• Uses the concept stewardship: prepare final account ; balance sheet,Profit & Loss
• Identify economic events and transactions.

Conventional Accounting (CA)

• Uses the monetary measurement concept ; prepare financial statement.

Measurement, Valuation, Recording & Communication:

Islamic Accounting (IA)

• Current value is an obligation, for the purpose of Zakat.
• Due to prohibition of interest-based income, profit determination is more important.
• Uses holistic approach,where both financial & non-financial measure regarding economic,social,environment,etc are being measured and reported.
• Value Added Statement suggested.

Conventional Accounting (CA)

• Mainly uses the historical cost because it does not involve Zakat.
• The idea of using current values was given up due to its complexity and presumed lack of objectivity.
• Income Statement suggested.

Users of the information: 

Islamic Accounting (IA)

• Serves the gamut of stakeholder,while making sure of  money made from ethical manner, do not harm others and distribution of wealth among member of society.

Conventional Accounting (CA)

• Recognised various stakeholders, but focuses more on shareholders and creditors
• From recent development in finance and financial markets, accounting seems to be serving an elite group of financiers market players and banks and other financial institutions.

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Past years questions:

APR 2010: Question 1,a

i: Meaning of Islamic Accounting.

~Accounting process which provides info to stakeholders of an entity which enable them to ensure that the entity is continually operating within Shariah bound and delivering its socio-economic objectives.

ii: Why Islamic accounting is considered more holistic in nature?

~Does not mainly focus on material / financial aspects but all aspects.

~Both financial & non-financial measure regarding economic,social,environment,etc are being measured and reported.

~Encourages ethical manner in dealings.

~Wealth maximization for the shareholders is not the main goal. Others also taken into account,thus the distribution of Zakat.

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Final of all final~

must wake up early and study~study~study!

Finally it's THAT time again!!

the 

final

of all

final

 examination 

is 

HERE!

This gonna be my final of all final for my bachelor degree.

Study hard!~

Don't play-play~

Wish me all the best of luck! 

I wish I'd pass all subjects with flying colors,

and who knows,maybe proceed to master degree? >_<

Fighting!

*p/s: looking forward for the island getaway after I'm done with exam.

Bukchon Hanok Village

What is the it thing to do in Bukchon Hanok Village?
Aside from sight seeing of course.. Us at Bukchon
Searching for the 8 spots of finest view of Bukchon Hanok Village.
Most of the tourist I met there was so engrossed into finding the spots.
Everybody refers to the Bukchon's Map to corroborate their findings.
It was fun as I recall.
Here, for more details of which spot tells about what.. What's up Korea Mag: Bukchon
Credit goes to them for the 4th & 8th pic as I couldn't find my own photos.

Oh memories~

:)

My age might shows small number,

but I've been through a lot,

I walk, I run, I fall, I stumble and I sober,

Phew, life sure has many slot...

Through betrayal, lies and all of same sort,

Making me a person whom I am today,

When it's gone far too bad and too sad,what's the last resort?

Return and say prayer to Allah swt,as heart always say ;)

Smile and tears add colours and flavours,

Only laughters and cheers I'd like to caress,

Sadness and tough times shall never stay forever,

For without it life is too plain and meaningless.

So just shut up and be mine~

Yes, u heard it right.. 

2ne1's telling u to shut up be theirs :P lol

I kinda love the relaxing beats (reminds me of I don't Care actually) 

and the sounds of the members.. 

It's the song for Intel CF...somewhat nice song for a CF right, /*oh lollipop*

the chorus part "so just shut up and be mine"... 

somehow sounded so sweet and tough at the same time xDD

Enjoy!

I'M NOT A MONSTER...

My super-duper BIGBANG is back with a SE album, STILL ALIVE.

consists of 9 songs and 2 more of Monster instrumental & acappella ..

It's dae to the bak!
And currently is walking on the rooftop of various charts.

1. STILL ALIVE
- [FULL VERSION OF ALIVE INTRO] -

2.MONSTER

3. FEELING 

- [ KOREAN VER] -

4. FANTASTIC BABY

5. BAD BOY

6. BLUE

- [ THERE'S MINOR CHANGES IN THE TEMPO/BASS/MUSIC I GUESS,eg,FASTER]-

7. BINGEUL-BINGEUL

-[NEW]-

8. EGO

-[KOR VER]-

9.LOVE DUST 

- [ THERE'S MINOR CHANGES IN THE TEMPO/BASS/MUSIC I GUESS,eg,SLOWER]-

10. MONSTER INSTRUMENTAL

11.MONSTER ACAPPELLA 

iTunes

PRE-BOOK from YGe SHop

She is leaving......for Univ

The runaway sister/partner is leaving for Univ... 

Me is sad :'( 

ohmona..time sure passed by super fast..

feels like yesterday she was just a 15years-old girl... 

*sobs*

Be strong !

I wish you all the best in your life.

Fighting!!!