...Research Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol.5, No.4, 2014 www.iiste.org Development of Accounting Theory Based on Islamic Teachings: A Glance over Principle of Al-Adl and Al-Ihsan Shaukat Amer1* Sofri Bin Yahya2 1- COMSATS Institute of Information Technology, Kamra Road, Attock, Pakistan. 2- Dean, Graduate School of Business, Universiti Sains Malaysia, Malaysia *E-mail of the corresponding author: shaukat_amer@comsats.edu.pk Abstract The beauty of accounting based on Islamic principles is that it not only deals with the valuation but also deals with an inbuilt accountability mechanism. Generally the accounting should be able to perform roles like keeping safe custody of interests, certifying true and fair view of business, enabling accountability and providing reliable information for successful decision making to all the stakeholders. In this context there are three main issues with respect to present system of setting accounting standards. These are undue pressures of certain groups in setting these standards, no role of owners in setting these standards, and flexibility/discretion in applying these standards which may lead to subjectivity. These may results in incorrect valuation of business transactions, increasing management discretion which in return will increase corporate governance issues including incorrect financial reporting, earning management and limiting decision making ability of the stakeholders. In order to...
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...the medical procedure that is performed to terminate a pregnancy. Abortion is a huge moral issue in America that poses the question if it morally right or wrong. The research conducting in this paper will take a look at should abortion be legal or illegal, the Roe v. Wade case that has legalized abortion, the negative effects on woman who have an abortion, and the protest from those in the Christian religious community. Abortion is a medical procedure that is performed to end a pregnancy. Also known as induced abortion, because there are two types of abortion the other being spontaneous abortion, which is a miscarriage; “that occurs when a fetus or embryo dies in the mother's uterus and is expelled by the body” (Alters, Sandra M, 2008). Since pregnancy is lengthen by 9 months and is broken into 3 trimester each having 3 months, according to Sandra M. Alters in her 2008 published book entitled “Abortion—An Eternal Social And Moral Issue”, in 2003 88% of all induced abortions were performed during the first twelve weeks, or first trimester, of the pregnancy. There are two types of ways to have an induced abortion, one being the medial procedure, two the new found medication intake that allows one to take two pills few hours apart in one day. The result of the pill method is one day the pills are taken, the next day you deliver the dead fetus. According to an article written about Jennie Linn McCormack, who took pills to end her pregnancy and hid the fetus under her bed, she took...
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...HGW@BerkeleyCollege.edu HUM360 Online 4 Credit Hours Office Hours: Online every day, seven days a week (Sunday through Saturday). Please always feel free to email me with any questions. I will also designate an hour each week when I will be available on Blackboard IM to answer your questions. COURSE DESCRIPTION This course examines the treatment of legal themes in literature, music, film and other visual arts as part of a broader consideration of the relationship between the humanities and the law. Students will explore the ways that the humanities utilize different perspectives and aesthetic styles in the discussion of such legal themes as morality, justice, equality and authority. COURSE GOALS At the conclusion of the course, students will be able to: Articulate the contribution made by law and the humanities as a field of study. Articulate the ways that imaginative portrayals of law often convey concerns about the process and practice of law with greater persuasive force than factual texts. Identify recurring themes that are investigated in law and the humanities, such as the difference between legal and moral codes, the role of custom in establishing legal norms, the role of punishment, the imperfect functioning of the legal process, unfairness in the criminal justice system, bias against minorities and the poor. Understand the relevance of “artistic” and philosophic considerations of justice in the context of contemporary issues. REQUIRED RESOURCES The course...
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...Abstract When a person think of poverty, one simply says’ and or think that individuals, families, groups, and what have you lack financial stability; however, there is so much more that should be considered when it comes to poverty. The World Health Organization has described poverty as the greatest cause of suffering on earth. Living in a state of financial instability is both physically and emotionally damaging, the stress alone can make one ill. Poverty continues to be a problem not only in the United States of America but in developing countries and less developed countries (LDC) worldwide. Some of those countries are under developed countries and developing countries; furthermore, there are major problems in both. The main focus in this paper is on poverty in America; also, the new faces of poverty and how it affects the new faces. . Four Families of Article from USA TODAY, September 28, 2011 The article covers various issues of poverty of different families and individuals; however, the main portion of the article is about a father in Leesburg, Virginia. The man’s name is Billy Schlegel. He is the father of three children; also, he is divorced as of 2004. Billy and his ex-wife share joint custody of their three children. How often have we heard the phrase of people going from rags to riches? There is a new phrase now and it is going from riches to rags in the blink of an eye so to speak. Billy Schlegel’s unfortunate issues stem from changes in the in our economy;...
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...significant imbalance in the incarceration rate of males within the U.S.; these differences were among the ethnic groups of Caucasian (white), Hispanic and African American (black). In reference to the number of people incarcerated per 100,000 in their individual group, black males had the highest number of inmates, followed by Hispanic males; however, white males had the lowest number of prisoners (Wagner, 2012). We must ask the question “why”. Why and how is this occurring? The United States has the highest incarceration rate in the world; so, is the system that was designed to protect and serve abusing its power. Some factors that can possibly be contributing to this disproportion is socioeconomic status, prejudices within the criminal justice system and power investments. Massive Incarceration: A Racial Perspective Introduction Today the US makes up for about 5% of the world’s population and carries 25% of the world’s prisoners, this 20% difference shows that the US imprisons more people then actually living in the country (NAACP, 2015). This is the highest prison population when compared to other countries. Records show from 1980 to 2008, the number of individuals that have been incarcerated has quadrupled from 500,000 to 2.3 million (NAACP, 2015). During that time frame crime & poverty rates have also increased dramatically, while unemployment & educational reading and test scores have declined. This is a major issues that congress and national leaders are trying...
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.... UNIVERSITY OF DETROIT MERCY College of Business Administration Foundations of Management – 10047 - 01 MBA 5140 – 01 3.0 Credit Hours Fall Term I 2014-2015 Prerequisite : Completion of the MBA Core Meeting Day, Time and Place: Mondays from 6:40- 9:10 PM Room C & F 228 Day One = August 25, 2014 Instructor Information : Instructor: Dr. Thomas Mawhinney, Ph.D. Office: C & F Room 217 Office Hours: Class meeting days 4:00 to 6:00 p.m. & by appointment at other times Phone (text enabled cell): 313 205-7590 Email: Thomas.Mawhinney@udmercy.edu College of Business Information : Emergency Phone: 313 993-1200 Ask for Wendy FAX (U of D, running most of the time): 313 993-1673 UD Mercy Bookstore Textbook Information & Online Purchase Options Follow either link below, first is bookstore “in general” second is for our specific text book: CAUTION and ADVICE : DO NOT use an “international edition” of this text book or any other edition unless it is THIS text in paperback or electronic format. The campus bookstore will have the exact text we will use in class. There is a good chance that if you use a different edition, e.g., international edition, it will differ in some important ways from the text described above. Please use the following: Title: Organizations: Behavior, Structure, Processes Fourteenth Edition Authors: James L. Gibson, John M. Ivancevich, James H. Donnelly, Jr., Robert Konopaske Publisher: Published by McGraw - Hill, Copyright © 2012 ISBN 978-0-07- 811266 -9 (...
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...acknowledge how the history, culture, values and traditions of the United States were and continue to be shaped by the make-up of its ever changing population profile. When I started to think about what I would say, it occurred to me that perhaps I should do a little research and review history instead of presuming I know everything about my heritage. I am glad I did because I learned many facts that challenged my own understanding of history. I want to share some of these facts with you today. On September 1968, Congress authorized President Lyndon B. Johnson to proclaim National Hispanic Heritage Week, observed during the week that included Sept. 15 and Sept. 16. The observance was expanded in 1989 by Congress to a month long celebration (Sept. 15 – Oct. 15), America celebrates the culture and traditions of those who trace their roots to Spain, Mexico and the Spanish-speaking nations of Central America, South America and the Caribbean. Sept. 15 was chosen as the starting point for the celebration because it is the anniversary of independence of five Latin American countries: Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua. In addition, Mexico and Chile celebrate their independence days on Sept. 16 (not the infamous May 5th (CINCO de Mayo)) and Sept. 18, respectively. First, let’s start by...
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...singular importance in the system. Ever since the country entered the global stage, a far change from its beginnings as a nation with expressed neutrality, it has continuously played a growing part. The United States is able to play a part in the global legal system through its large influence in foreign affairs. Considered the current hegemon, it has been able to for simplicity sake dictate through its many outlets its preference of a legal system. They have been successful in this agenda with the assistance of the powerful Department of Justice, their numerous government agencies, as well as with the influence of American economic and humanitarian programs, among others. This paper will try to explain the United States’ power and influence of the global legal system, through practices such as transgovernmentalism and positive comity as well as by such bodies as the United States Supreme Court, the Department of Justice, the State Department, and the U.S. Agency for International Development. Also investigated is the United States’ role with international bodies such as the International Criminal Court, an organization that America disagrees with and has refused to join. Some questions however remain; through its global programs and supremacy, has the United States been affected by foreign influence? Has the United States tried to stave off such attempts by nations and organizations abroad? Groups such as the International Criminal Court and non-governmental...
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...Immigration | The Impact of Legal and Illegal Immigration in The United States | Sandra Jakobsen | The United States is a combination of people from the whole world. Every year millions of immigrants enter the borders in hope of a better life living the ‘’American Dream’’. The opportunities and freedom the nation can provide motivates these people to leave everything they have and do all it takes to start a new life. The majority of ethnicities that are highest of the country’s immigration status are Europeans, Asians and Latin’s, but the people behind the border to Mexico dominate these statistics. Legal or illegal these people have a huge impact on the American society and many reforms have been proposed and experimented to solve the problem of illegal immigration, unfortunately not many seems to work. As John O'Sullivan once said; “More people want to come to America, and if we don’t allow them to do so legally, they will do so illegally.” Today there are approximately 11.1 million illegal immigrants in the country and this controversial issue has become a great burden for the American people and American society. There are however solutions to this problem. New immigration laws must be implemented in order to establish equality, justice and opportunities in which American citizens and immigrants both benefit. Legal Immigration 12.5 percent (2010) of the US population is considered legal immigrants (US Census). The people that are considered legal are divided into...
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...Children as Consumers: Advertising and Marketing Children as Consumers: Advertising and Marketing Sandra L. Calvert Summary Marketing and advertising support the U.S. economy by promoting the sale of goods and services to consumers, both adults and children. Sandra Calvert addresses product marketing to children and shows that although marketers have targeted children for decades, two recent trends have increased their interest in child consumers. First, both the discretionary income of children and their power to influence parent purchases have increased over time. Second, as the enormous increase in the number of available television channels has led to smaller audiences for each channel, digital interactive technologies have simultaneously opened new routes to narrow cast to children, thereby creating a growing media space just for children and children’s products. Calvert explains that paid advertising to children primarily involves television spots that feature toys and food products, most of which are high in fat and sugar and low in nutritional value. Newer marketing approaches have led to online advertising and to so-called stealth marketing techniques, such as embedding products in the program content in films, online, and in video games. All these marketing strategies, says Calvert, make children younger than eight especially vulnerable because they lack the cognitive skills to understand the persuasive intent of television and online advertisements...
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...Tell Me Your Dreams by Sidney Sheldon BOOK ONE CHAPTER ONE Someone was following her. She had read about stalkers, but they belonged in a different, violent world. She had no idea who it could be, who would want to harm her. She was trying desperately hard not to panic, but lately her sleep had been filled with unbearable nightmares, and she had awakened each morning with a feeling of impending doom. Perhaps it's all in my imagination, Ashley Patterson thought. I'm working too hard. I need a vacation. She turned to study herself in her bedroom mirror. She was looking at the image of a woman in her late twenties, neatly dressed, with patrician features, a slim figure and intelligent, anxious brown eyes. There was a quiet elegance about her, a subtle attractiveness. Her dark hair fell softly to her shoulders. I hate my looks, Ashley thought. I'm too thin. I must start eating more. She walked into the kitchen and began to fix breakfast, forcing her mind to forget about the frightening thing that was happening, and concentrating on preparing a fluffy omelette. She turned on the coffeemaker and put a slice of bread in the toaster. Ten minutes later, everything was ready. Ashley placed the dishes on the table and sat down. She picked up a fork, stared at the food for a moment, then shook her head in despair. Fear had taken away her appetite. This can't go on, she thought angrily. Whoever he is, I won't let him do this to me. I won't. Ashley glanced at her watch. It was time to leave...
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...ver the past 10 years of teaching courses on research methods and feminist approaches to methodologies and epistemologies, a recurring question from our students concerns the distinctiveness of feminist approaches to methods, methodologies, and epistemologies. This key question is posed in different ways: Is there a specifically feminist method? Are there feminist methodologies and epistemologies, or simply feminist approaches to these? Given diversity and debates in feminist theory, how can there be a consensus on what constitutes “feminist” methodologies and epistemologies? Answers to these questions are far from straightforward given the continually evolving nature of feminist reflections on the methodological and epistemological dimensions and dilemmas of research. This chapter on feminist methodologies and epistemologies attempts to address these questions by tracing historical developments in this area, by considering what may be unique about feminist epistemologies and feminist methodologies, by reviewing some of sociology’s key contributions to this area of scholarship and by highlighting some key emergent trends. The chapter begins with a brief overview of the theoretical and historical development of feminist epistemologies, followed by a similar overview of feminist methodologies. The final section discusses how feminist 36 epistemologies and feminist methodologies have begun to merge into an area called feminist research and details some key pillars of contemporary...
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...ABSTRACT Throughout history, the struggle of minorities has been seen in many facets of life such as in history, literature, music and film: Martin Luther King Jr. and Mahatma Gandhi fought for the right of unrepresented minorities. Books such as Too Kill a Mocking Bird spoke to the prejudices of a community. Movies such as Roots illustrated the hardship of the slaves. From the Roman’s persecution of Christians to today’s rap song lyrics about economic disparities the plight of the minority has been fought for millennium. This research examines the struggle of minorities within the juvenile justice system and the differential rates of adjudication and length of sentencing between the white majority and the black minority juvenile offenders. During the course of this research, additional insights were gained from an internship at a youth correctional center as well as drawing on my own personal experience as a refugee from Gabon. The findings of my research demonstrate that minority offenders do receive harsher sentences than the whites, and that there are several factors contributing to higher rates of juvenile delinquency among African Americans; primarily education and community. To consider the struggle of minorities is important because it creates awareness that the maltreatment of a minority group by the dominant majority often ends in violence and destruction. If we can understand what cause the inequality better, then mankind can live more peacefully and prosperously. ...
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...individuals regardless of ethnicity or social classes have an equal opportunity to rise to the top. While the State has always heralded the success of meritocracy, the systemic flaws and failures that were once side-lined in the public eye are becoming increasingly prevalent and visible today. This paper on “Examining Meritocracy and Elitism in Singapore” serves to explore the inherent contradictions within the concept of meritocracy and investigate the systemic failures arising from the dissonance caused by how meritocracy is practised in Singapore where the inevitable social and income inequalities results in an elitist system which perpetuates itself. The central research question is how meritocracy shapes the Singapore elite and in turn how the elite shapes meritocracy in the country. In this paper, the elite is defined as the class of English-educated Singaporeans who subsequently rises to the top as the political and bureaucratic elite, unless otherwise specified. This paper will discuss how the elite accumulates an increasing degree and concentration of influence which allows them to consolidate their dominance over the rest of society, as well as its attendant consequences. This paper will thus illustrate how instead of seeking to bridge the social divide, the elites’ privileged and entrenched position actually leads to limiting social mobility as they continue to safeguard their self-interests. II. MERITOCRACY AND ITS DANGERS Meritocracy was a term...
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...Senior Research Project: Is the right to bear arms ethical? Lucas Van Duyn Senior Seminar: Business Ethics Dr. Jewe July 31, 2012 Introduction to the Project: In the United States, research into firearms and violent crime is fraught with difficulties, associated with limited data on gun ownership and use, firearms markets, and aggregation of crime data. Research studies into gun violence have primarily taken one of two approaches: case-control studies and social ecology. Gun ownership is usually determined through surveys, proxy variables, and sometimes with production and import figures. In statistical analysis of homicides and other types of crime, which are rare events, these data tend to have poison distributions, which also presents methodological challenges to researchers. (Just Facts, 2010) Americans own an estimated 270 million firearms, approximately 90 guns for every 100 people. In 2009, guns took the lives of 31,347 Americans in homicides, suicides and unintentional shootings. This is the equivalent of more than 85 deaths each day and more than three deaths each hour. 66,769 Americans were treated in hospital emergency departments for non-fatal gunshot wounds in 2009. Firearms were the third-leading cause of injury-related deaths nationwide in 2009, following poisoning and motor vehicle accidents. Between 1955 and 1975, the Vietnam War killed over 58,000 American soldiers – less than the number of civilians killed with guns in the U.S. in an average...
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