Publisher's Synopsis
The accountancy profession in the West has been trying to establish generally accepted accounting principles for nearly 60 years. This has proved relatively problematic, this book argues, mainly because of the lack of an ethical standard by which to judge accounting priciples and the amoral nature of Western business practices. Islam lays down specific rules of business organization and behaviour for the faithful and its principles of accounting follow from this.;Aimed at professional and academic accountants - both Muslims and non-Muslims - the book examines present-day accounting theory and practice, and suggests how business might be conducted in accordance with Shariah principles.
