THE ESSENCE OF ISLAMIC ACCOUNTING AND ITS SPECIFIC ASPECTS
DOI:
https://doi.org/10.60078/3060-4842-2026-vol3-iss1-pp127-135Abstract
This article examines the content of Islamic accounting. An attempt is made to reveal its essence more broadly by comparing Islamic accounting with traditional accounting. The rates proposed by various scholars on Islamic accounting are presented and analyzed. For a complete understanding of Islamic accounting, the main features of the Islamic financial system are also discussed. Existing reports in financial statements and additional reporting forms added to them in Islamic accounting are also considered. The reasons for the appearance of additional items in the balance sheet and financial statements, the balance sheet items covered by these items, and a description of the financial transactions related to profits and losses are provided. In conclusion, the differences between the objectives of Islamic accounting and traditional accounting are highlighted
Keywords:
accounting financial system financial accounting Islamic financial institution Islamic accounting financial accounting and reporting balance sheet financial result Islamic economic systemReferences
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