I need an answer for this question : ( the subject is Islamic accounting ) Accounting is...

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Accounting

I need an answer for this question : ( the subjectis Islamic accounting )
Accounting is Islam is dichotomous to the western perspective.Accountability of the muhaseeb (accountant ) is important as Muslimis bound by the duties and responsibilities outlined by the shariahIslamia. Discuss the differences between Islamic and conventionalaccounting, and the concept of accounting and accountability inIslam and by referring to the Surah Al Baqarah, verse 282 andthesis from Yaacob and Nahar (2011) to support your argument.

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The following depicts a brief sketch highlighting the fundamental functional differences However with the progress of research further analysis will be made focusing on accounting treatment of specific transactions to understand how the differences between conventional and Islamic accounting have implications in the recording processing and reporting financial transactions under these two different systems A Disclosure Social accountability and full disclosures are the basis of Islamic corporate reports The tenets of Islamic accounting differ significantly to the conventional accounting system which sought to provide useful information primarily to investors and creditors Whereas the concept of disclosure in Islamic accounting is for entities to disclose all such information that would be necessary to inform the entire community about their operations irrespective of whether this information is favourable or not for the entity Islamic corporate financial statements require transparency and avoidance of manipulation which is manifested by See Answer

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