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Islamic Accounting

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Islamic Accounting
BWFS3023
Islamic Accounting
2nd Semester 2012/2013

Short Essay Assignment

Instruction
Please answer all the questions below.
The assignment should not less than 3 pages and not exceed 10 pages including references.

Question 1
The differences between Islamic accounting and conventional can be seen in the context of the basis differentiation which is: (1) objective of providing information, (2) the type of the information that is identified, how it is measured, recorded and communicated, (3) users of the information, (4) Antecedent and Legislations for Reporting, (5) Accountability, (6) Foundation.
Based on all of the basis differentiation, briefly discuss any five (5) of the differences between Islamic accounting and conventional accounting. [10 marks]

Question 2
State four (4) objectives of financial accounting and six (6) objectives of financial reports developed and established by AAOIFI. [10 marks]

Guidelines:
UUM
The Eminent Management University
Kedah, Malaysia

BIFB
BWFS3023 Islamic Accounting

Size: 15
Bold

Title

Size: 15
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2nd Semester 2012/2013

Size: 15
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Name: -----------------------------
Matric No: -----------------------
Size: 13
Bold
References:
A: Book
Wahba Al Zuhaili (2003), Financial transaction in Islamic jurisprudence, Beirut: Dar al-Fikr al-Mouaser, First Edition, Vol.1: p50.

B: Journal:
Hassan, Ahmed. (2006), “Instruments in Islamic finance" INCEIF, Vol. 1 (5): p200.

C: Data from the net: http://majalla.org/books/2003/mejelle1.htm. retrieved 15/06/2009. 15.30 pm.

1. Format: Follow the format provided by the lecturer
2. Font: Times New Roman
3. Size: 12 for the Main


References: A: Book Wahba Al Zuhaili (2003), Financial transaction in Islamic jurisprudence, Beirut: Dar al-Fikr al-Mouaser, First Edition, Vol.1: p50. Important notes: You must submit your Project Paper before or on Sunday (17/03/2013). Sunday (17/03/2013).
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