Islamic Accounting ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
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.
Highlights
Alignment with IFRS. Types of Islamic business entities. The concept of Zakat. The concept of Sukuk. Islamic financial statements. Sharia auditing. Users of Islamic accounting information.
Prerequisites
None.
Designed For
CPAs, CEOs, CFPs, auditors, and other accounting professionals.
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.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $33.00
Member Price $29.00