Islamic Accounting
Understand how Islamic accounting aligns with IFRS while diverging in critical areas. This course explains prohibited business activities, demonstrates how to calculate Zakat, and analyzes the structures of various sukuk instruments. You will also examine differences in financial statement presentation, expanded disclosure requirements, and the role of social responsibility accounting. By integrating these elements, the course equips you to apply Islamic accounting principles accurately in practice.
Format
PDF Course
Course Lists
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.