Page 14 - sm02_2020

Higher Education of Cost and Management

Accountant for the Growth of Economy

Higher crime is arising in the society and a cure of shura is closed to its meaning in the Quran. “ and
economic crises significantly awakened who (conduct) their affairs by mutual consultation (42:38)
in the world. Due to unemployment. . according to Quran human beings should fully participate
in decision making and implementation in the life. This
Growth of economy is based on natural statement explains the importance of empowerment.
resources and finance.
By: Naba Hashmi An industry provides employment
(Karachi) to labor and educated class. Banking
Reg # 20111568 industry has vacances for educated
class. An industry plays a crucial role in the establishment
growth of economy and sustainability of business. An
organization requires huge amount of investment for
running.
Long term financial planning and management
Long term financial planning includes strategic decisions
such as investment appraisal, finance decision, budgeting
process. The uses of activity based costing information ,
overcome to constraints on financial strategy , forecasting ICMA Pakistan is a mentor of management accountants.
and analysis, working capital management,dividend policy. Cma is complete knowledge of strategies of finance . PHD
Strategies of finance in the light of surah ash-shuraverse 38, in finance and Cost and management Accountant both
have same knowledge.
In Islamic perspective the empowerment means the
shuratic decision making of all levels of the society. It applies A management accountant plays a vital and dynamic role
collectively to the decision making on social matters. Such for the growth of economy.

ICMA Pakistan’s Students’ e-Magazine 14 Volume 2.1 | February 2020