Islamic Accounting
Islamic accounting mostly follows the IFRS accounting framework, but differs from it in a few key areas. We discuss these differences in the Islamic Accounting course, including prohibited business activities, how to calculate Zakat, and the different sukuk structures used. The course also addresses differences in how financial statements are structured, additional disclosure requirements, and the use of social responsibility accounting.
Format
PDF Course
Level
Overview
Duration
1 Hour
Course Information
Author: Steven Bragg
Course Number: AC1160
Learning Objectives
- Identify the key issues governing Islamic accounting.
- Specify the types of business activities that are prohibited under Islamic law.
- Identify the requirements for paying Zakat.
- Recall the different types of sukuk structures that a business may use.
- Identify the unique characteristics of Islamic financial statements.
Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Accounting
Prerequisites: None
Latest Review Date: October 2024
Advance Preparation: Have a working knowledge of Generally Accepted Accounting Principles or International Financial Reporting Standards.
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.