FINAL - P2 - Fitriyanti Binti Erwin (2014585737)

FINAL - P2 - Fitriyanti Binti Erwin (2014585737) - FAR 730...

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FAR 730: SEMINAR IN ISLAMIC ACCOUNTING & REPORTING INDIVIDUAL ASSIGNMENT QUESTION 2 Prepared by: Fitriyanti Binti Erwin (2014585737) Date: 07 May 2016 1
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INTRODUCTION 2 Background to a company Financial position Performance Result operation Information - interested parties (decision making) Annual Report (FS) Name/Industry/Operation Asset/ Liabilities/ SH Equity/ Profit & Loss Predict/Compare/ Evaluate
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Q2a)CHARACTERISTIC OF ANNUAL REPORT OF ISLAMIC FINANCIAL INSTITUTION (IFIS) Comply With Shariah Regulations Part of such a system Islamic Accounting Standard Accounting in two aspects [Technical and human] 3 Zakat Characteristic Annual Report Sofyan Syafri Harahap, (2003), Sofyan Syafri Harahap, (2003),"The disclosure of Islamic values annual report. The analysis of Bank Muamalat Indonesia’s annual report", Managerial Finance, Vol. 29 Iss 7 pp. 70 89
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Q2a)CHARACTERISTIC OF ANNUAL REPORT OF ISLAMIC FINANCIAL INSTITUTION (IFIS) 4 Characteristic Annual Report Islamic perspective Al-Adl and al- ihsan *Ibadah *Al-Falah Accounting concepts Going concern Full disclosure Sivakumar Velayutham , (2014), “Conventional” accounting vs “Islamic” accounting: the debate revisited", Journal of Islamic Accounting and Business Research, Vol. 5 Iss 2 pp. 126 141
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Q2 b) Discuss the corporate reporting requirement of Islamic and Conventional Reporting 5 Accounting standards and guidelines in relation to zakat The responsibility of paying zakat falls upon the shareholders and investment account holders.
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