Introduction to Islamic Finance Objectives What is Islamic Finance? Key Principles of Islamic Finance Question 1: Riba in Islamic Finance Solution 1: Prohibition of Riba Question 2: Gharar in Islamic Finance ...

Introduction: Accounting is introduced as the language of business, used to track, summarize, and communicate financial information. The Accounting Equation: Explains the fundamental equation - Assets =...

RATIO FORMULAS: Profitability Ratios Return on capital employed (ROCE) (%) Gross profit margin (%) Operating profit margin (%) Efficiency Ratios Sales revenue to capital employed (£) Average inventories turnover...

Absorption costing is a crucial method in cost accounting used for calculating the manufacturing cost of a product. It includes labor cost, material cost, and all direct and indirect costs associated with product...