Forensic accounting: Litigation, investigation and Resolution

July 30th, 2010

The world of forensic for sure needs to be very careful in its management. As we are not the one who has the best capability in this field or we are not careful enough in managing particular cases, we will not able to be the good forensic accounting. Basically there are three points that we need to have whenever we are being one of them. Those are litigation, investigation and also resolution. In the term of litigation, it is a must that forensic accounting has great power to involve themselves in quantifying the damages that is resulted by a case.
The next is about investigation. It is the thing that must be done before they get something to do some resolution toward particular case. As it is very important to do, forensic accounting cannot leave this part. The best investigation of the background case why particular case can happen is very necessary to do. The last is resolution. Forensic accounting must get the best solution after doing some quantifying and investigating about the case. Based on the result of the investigation, forensic accounting must be able to get simple solution that can be implemented for facing the case in order to make it end.

Shariate Accounting

July 29th, 2010

Shariate accounting is one type of accounting that becomes even more popular to be joined nowadays. Many countries all over the world have begun to use the shariate accounting in their banking world, to be used widely by many people all over the world. Of course, the shariate accounting is simply based on the Islamic rule, yet it might be the one that is appropriate with many needs of people all over the world.
The basic difference of the shariate accounting with any other type of accounting system is that it uses the rule of cash, so that they will not deal with the possible amount of capital that has not yet been in the hand. This is one type of accounting that is considered as the beneficial one, especially for the Moslem that very often questioning the legality of profit that they get.
In order to be able to get the best idea as well as the most complete information of the shariate accounting, people will be able to use the internet. There are so many sites that can be used by many beginners or ignorant people to get closer and understand well the concept as well as the benefit that they can get with the shariate accounting.

Tricky Fraud Accounting

July 26th, 2010

Fraud accounting is also very often called as the creative accounting. Fraud accounting is one trick that people use to make their capital appear in the profit condition, so that the company will appear to be in the beneficial condition. It does not mean that it is illegal to apply the Fraud accounting since the data that is used is real, yet it has been “tricked” in some ways to show the profitability of the company.
Nowadays, the Fraud accounting has become very much popular to be used by many people or companies all over the world. Moreover, the bad condition of the world economy that is caused by the crisis happens in so many countries. For this, the Fraud accounting is the one that can help people a lot in making the “good condition” of the company.
This can be one media that is used well by many people or companies to save the day, since there will be so many benefit that they can get as long as the care to apply the tricky Fraud accounting. In order to be able to use the Fraud accounting well, people will need to obtain the most complete information regarding the Fraud accounting. One of the media that can be used to obtain the most complete information regarding the Fraud accounting is the internet.

Syari’a Accounting in Practice

May 25th, 2010

The development of accounting in this time is still in progress of discussion among the academic sector. This is in line with the approach of financial report in making process and the accounting in the practice and theory. This theoretical form sees the phenomenon of syari’a accounting and the conventional accounting. Based on several experts, they think that accounting theory in the conventional term can use in modification for pragmatic needs. Like the accounting in Islamic company that can be legitimate in the reporting process such as the Islamic value and syari’a purposes.

We can see this in the accounting application in Islamic company that using the conventional accounting record. This will make the accounting process adjusted to the Islamic practice based on the Islamic principles of syari’a accounting. Let say the financial report that aimed for the syari’a accounting, this practice of lost profit record and the financial statement is different. The other adjusted report is the financial report analysis for zakat and the use, earning expenditure that prohibited in syari’a accounting.

There are many analyses in Islamic country as the syari’a accounting practice in Indonesia and Malaysia. Expert says that many of the company and personal party have not applied the standard of syari’a accounting.

Tax Fraud Practice in Companies

May 21st, 2010

Tax fraud is the condition where a company or person cannot pay their tax bill and they make the manipulation in their tax bill. This practice make the government income in having the tax report is in fraud. This practice is because of the monitoring process of the board for the taxpayer. Especially the taxpayer for company, they can be the high amount of the tax bill and some time they do not want to reduce the income for pay the tax by having the marking up the total tax in charge.
The commitment in tax fraud is because of there are no voluntary in paying the tax to the government in accurate amounts. The tax fraud will reduce the development quality in a country. This tax can be use for education and the infrastructure development and make the maintenance in every sector. The tax fraud can be the biggest obstacle in a country development.
Tax fraud can be reducing by promoting the voluntary paying the bills of tax. Build the people mindset that by paying the tax can help the improvement in many sector especially to have the economical improvement that armed by the best professional to make the tax fraud zero.

Some Points that can Cause Tax Fraud

May 11th, 2010

Paying tax is one of the obligations of all residences. It is the payment of some money to the country as a fee for the incomes earned or owner something including children. Tax payment should be done regularly and punctually to the government in order not to make you recorded as someone with tax avoidance and it will make you break the law and punished. 

Such condition is also called tax fraud. Someone who faces such problem will have a deal with law. It is not such a good condition for when it is proved; you may be under arrested for the fatal faults. That is why you should avoid of being in tax fraud. It means that you should know all factors that may make you get trapped on such problems and then being under arrested for something you don’t mind to do. You may be in a tax fraud when you claim false assumption. Dishonest of the amounts of income you earn by transferring, changing the sums to another account or something. 

You may also be in a tax fraud when you record your private outflow to be business outflow. It is also a kind of a dishonest way of property recording that can make lower the tax to be paid. And there are many more points that can make you are in a tax fraud. You should prevent doing such cheating of belongings because the risk will be fatal for your life and you will be strictly punished for such cheating.

Accounting and the practice in Islamic Countries

May 11th, 2010

This is the matter of the application in syari’a accounting, when many company applied the conventional accounting, many people forget to make a special analysis regarding to the syari’a company’s practice for the financial tools that they use. In Islamic, the use of the measurement for any transaction must be in line with the Islamic roles, and prohibited riba. Since the appearance of the Islamic economic reformation, there are many changes in the application in financial measurement.

Syari’a accounting is the system that must apply in any of Islamic institution. This action defines that must be give the standard of the financial application in any circumstances. Syari’a accounting is the basic to find the best approach in having the financial report. Experts say in doing the yearly financial report practice, let say in Malaysian and Indonesia. The result compare to the product in banking sector and the operational report is in line with the syari’a accounting. Regarding the financial report, financial statement and the balance shit is not in line with the syari’a accounting standard, this happen in both Indonesia and Malaysia country.

There are five possibilities why this syari’a accounting is not work well. There are, the western influence, as the nature of the historical background, there are not fully and same understanding in syari’a accounting, and the monitoring qualification in having the syari’a accounting practice.

Brief Information about Gaharu

April 28th, 2010

Along with human’s history of their culture and tradition, the gaharu has been being a part of it through for year to year. From the past until now, people has been using this wood for their various purposes in everywhere and every time. Therefore, even if gaharu is only able to found at Southern of Asia, the usage of this wood has been being a legend for many people in entire of the world.
In the past, people have only used this wood for their most traditional culture and medicine such as for a fragrance in a tradition ceremony or a medicine of any strange disease. Nowadays, by the development of technology and medical research, it has been founded that gaharu is able to curing some most dangerous diseases like cancer or some tumors. Furthermore, the gaharu is also able for cosmetics and aromatherapy to make people be fresh back after working hard all day.
Thus, it will be normally for us if we have seen gaharu sold in the market with high rate of its price. Due people need of this wood, the request of this wood has been increasing rapidly for year to year. Therefore, this wood has been being a worth thing and it will be more worth for the future because many scientists have predicted there still are many any other of this wood’s advantages that have not revealed yet.

The Golden Tree

April 12th, 2010

Everybody who has studied about medication surely will know about gaharu or more known as the eagle wood. This is a kind of wood that has many efficacies as medicine for many diseases. For long time ago, the eagle wood has actually been used for not only as medicine, but it was also for any other purposes like as camphor, aroma therapy, cosmetics, preservative, and accessories.
Due the many of the eagle wood’s advantages, there will not surprising us if this wood is worth enough and its price have rising for year to year, even it was more worth than a gold in Arab Saudi. For information, this wood can reaches more than $500 of its worth for every kilogram. This was causing the eagle wood has been being one of the scarcest goods in the world today. Many people have tried to cutting the eagle wood tree in everyday.
At this time, the eagle wood has been hard to find by us. Therefore, people have been trying to make a kind of synthetic of this wood as alternative. This will make the cutting trees of this wood can be reduced and so we can safe our environment from any illegal cutting trees.

A Multi Purpose Wood

April 1st, 2010

The gaharu or it was more known as eagle wood has been sold in many of its variety since long time ago. The variety of the eagle wood which has been sold in the market today is can be chunks, chips, and powder. Usually, people have used the eagle wood for many purposes include for perfume, chopstick, medicines, or any other things. This has making the worth of this wood is higher and higher in every year.
Actually, the gaharu or the eagle wood is produced from any infected trees which are growth at the tropic area. The most famous of the gaharu or eagle wood producer areas are India, China, Malaysia, and Indonesia. These countries have been producing many gaharu or eagle woods in every year. Surely, due its advantages, the countries which have been producing this wood will get very much income from its sales.
Furthermore, by the development of technology and medical research now, many scientists have founded that the eagle wood has many more advantages for us. They have been providing that gaharu or eagle wood is able to vanquishing some most dangerous diseases like as cancer, kidney, lungs tumor, and colon tumor. Considering of its advantages, this will not surprising us if this wood is called with a multi purpose wood.