Principles of Islamic Accounting

• Main Authors: Baydoun, Nabil author, Sulaiman, Maliah (Author), Willet, Roger J. (Author), Shahul Hameed Bin Mohamed Ibrahim (Author)
• Format: Book
• Language: English
• Published: Singapore John Wiley & Sons Singapore 2018
• Series: Wiley finance series
• Subjects: Finance > Religious aspects > Islam; Accounting; Accounting (Islamic law)
• Online Access: Click Here to View Status and Holdings.
• Physical Description: xv, 288 pages illustrations 23 cm
• Bibliography: Includes bibliographies and index
• ISBN: 9781119023296

Your introduction to Islamic accounting Principles of Islamic Accounting is the first and only text that covers the fundamentals of Islamic accounting in English. A comprehensive guide, this groundbreaking reference offers both insight into Islamic accounting best practices and disclosure for Shariah-compliant instruments. Covering everything from basic transaction analysis to the preparation of financial statements, this reference serves as a broad framework around which undergraduate students can build their understanding of the Islamic business environment by offering context and showcasing how Islamic values can influence the disclosure of financial information. Islamic accounting is becoming an increasingly important aspect of the business field as globalization results in a surge in business partnerships and transactions around the world. Today's students need to understand Islamic accounting principles in order to effectively work with professionals who adhere to these standards-and accessing this information via text in English was not possible until this revolutionary reference. Review the basics through an introduction to Islamic accounting Understand the recording process, and how to complete the accounting cycle and adjust accounts as necessary Explore accounting for assets, liabilities, equity, and sukuk, as well as zakat and takaful accounting Discover details regarding Islamic commercial law, accounting for Islamic financial institutions, and Islamic corporate governance and sustainability, and look at auditing from an Islamic perspective Principles of Islamic Accounting is an essential text for first-year university students who are studying Islamic accounting, as well as professional societies and organizations that support the use of Islamic accounting principles, such as The Islamic Finance Professionals Association.