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Secure Transaction Islamic Accounting
Format
Self-Study
Course Level
Overview
CPE Credits
1 Credits: Accounting
Course Description
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.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- 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.
Course Specifics
SS124370980
February 8, 2024
There are no prerequisites.
None
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Compliance Information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. 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 …
QAS Self-Study
