Materi Ajar Telaah Teks Inggris Akuntansi Syari'ah

Syariah Accounting

Accounting is the process of recording financial transactions related to business. The accounting process includes summarizing, analyzing, and reporting these transactions to regulatory agencies, regulators, and tax collection entities. The financial statements used in accounting are a brief summary of financial transactions during the accounting period, summarizing the company's operations, financial position, and cash flow.

Islamic Banking

Bank is a place to store money securely, bank is a establishment for the safekeeping of money received from or on behalf of its customers. Islamic Banking is a banking system that is based on Islamic principles or Islamic law and is directed by Islamic economics, the most important principle of Islamic banking is the various advantages and disadvantages and the prohibition of the collection and payment of interest by borrowers or investors, Islamic law prohibits interest collection / usury.

Profit And Loss Sharing

A profit-loss sharing contract is a contractual agreement between two parties where each party collects resources (finance), invests them in several projects and then shares the profits and losses. Although profit-sharing and interest-bearing loans appear to be similar, the difference is clear. In profit-loss sharing, the results are not guaranteed, whereas in the interest-bearing loans applied by conventional banking, the loans are not dependent on profit or loss and are usually guaranteed so that the debtor must return the borrowed capital plus the exact amount of interest regardless of how the results from using the loan capital. Accordingly, the financial loss partly falls directly to the borrower.

Basically the production sharing contract provides flexibility for mudharib (managers, users of funds, borrowers) to determine the level of business optimization that will be done. In an ideal condition where each party gets access to complete information (informationally symmetric) the concept of profit sharing is an optimal choice (first best solution). But certainly there will be no ideal conditions because each party may not get perfect information. These imperfections will increase the level of risk of the parties contracting. For example, Shahibul Maal (creditor) gives loans to mudarib (debtors). However, due to the lack of information relating to the expected return of a business, the owner of capital is likely to suffer losses.

There are times when in investment financing in Islamic banking, profit-loss sharing contracts often fail to be implemented because of some potential problems encountered.

Reveneu Sharing

Revenue sharing means sharing of results, income or income. 

Revenue in an economic dictionary is the result of money received by a company from the sale of goods and services it generates from sales revenue. 

In another sense revenue is a quantity that refers to the multiplication between the amount of output put out of production activities multiplied by the price of goods or services of a production. In revenue there are elements consisting of total costs (total cost) and profit (profit). Net profit (gross profit) is gross profit (gross profit) minus the cost of distribution of sales, administration and finance.

Leasing

Leasing is derived from English language “to lease”. It means ‘menyewa’.

Leasing is used for business. 

The lessor giving the leases of an assets, for instance: factory machinery, car, or houses to the lessee.

Bank Deposit

Deposits is the product of savings in bank which the deposit and withdrawal can be done at particularly times. The term bank Deposit may be understood to mean a) the act of placing b) the amount of money placed c) the state of being placed for safekeeping in a bank.

Front Office

The front office is the part of a company that comes in contact with clients, such as the marketing, sales, and service departments. The term has more specific meanings in hotels, investment banking, and sports.

Account Officer

(Pegawai BANK di Bagian Pengkreditan) The definition of Account Officer Account officer is the employee of a bank which is the position at credit section. The duty and obligations of an account officer is to manage the costumers' credit. The duty of an account officer is to looking for the worthy debtor, and appropriate with the bank's regulation criteria, to review, to evaluate, to analyze, then propose the amount of credit will be given. Firstly, an Account officer will make a plan, what kind of business that appropriate be finance on its ared, and how much fun is needed to distribute the credit. Then account officer will do visits to the costumers' venture, make interview, and searching for detailed information what the costumer's needed. Account officer is at once as consultant, an account officer to guide the costumers in order to make business forecast balance-sheet and cash flow the gearing of payment.

By Accounting Students Kawasan Timur.