Đang chuẩn bị liên kết để tải về tài liệu:
Islamic accounting reporting and economic development: Nigerian perspective

Không đóng trình duyệt đến khi xuất hiện nút TẢI XUỐNG Tải xuống

This paper discusses Islamic financial reporting system as practiced in many Islamic states for economic development. The issue of Islamic accounting among scholars provided evidence of economic benefits among the countries that have Islamic financial institutions (IFIs). | Islamic accounting reporting and economic development Nigerian perspective Accounting 3 2017 211 220 Contents lists available at GrowingScience Accounting homepage www.GrowingScience.com ac ac.html Islamic accounting reporting and economic development Nigerian perspective Ibrahim Alkalia Mohammed Yusuf Alkalib and Almustapha A. Aliyuc a Ministry of Finance Birnin Kebbi Nigeria b Department of Accounting Federal Polytechnic Birnin Kebbi Nigeria c Department of Accounting University of Sokoto Nigeria CHRONICLE ABSTRACT Article history This paper discusses Islamic financial reporting system as practiced in many Islamic states for Received September 9 2016 economic development. The issue of Islamic accounting among scholars provided evidence of Received in revised format economic benefits among the countries that have Islamic financial institutions IFIs . The IFIs November 11 2016 have been reported to be the fastest-growing sector in the world with a greater contribution of Accepted January 20 2016 Available online the global total bank assets. Although the Muslim population in Nigeria is large the January 25 2017 contribution or participation of Muslim towards IFIs is low compared to other countries like Keywords Bahrain Saudi Arabia Pakistan and Syria. Furthermore the accounting reporting in Nigeria Islamic accounting is based on the International Financial Reporting Standards IFRS for all listed firms in Shari ah Nigeria which includes IFIs even though IFIs apply dual reporting. Therefore the need for Conventional Accounting the mandatory adoption of Accounting and Auditing Organization for Islamic Financial Development Institutions AAOIFI standards is significant in Nigerian for IFIs to function better. Several Nigeria countries have made it mandatory for IFIs to adopt AAOIFI instead of IFRS. The need for IFIs firms to report on their accounting system as an alternative to the conventional will not only enhance transparency improve reporting disclosures greater