IEF 432 - Accounting for Islamic Finance Institutions

Faculty of Business and Management Sciences · Business Administration (English) · Undergraduate

ECTS: 5 T+P+L: 3+0+0 University Elective
Coordinator:

Course Objective

The objective of this course is to enable students to understand the accounting practices and standards of Islamic financial institutions. Students will learn about the accounting for Islamic financial products and services, financial reporting standards, and the auditing processes of Islamic financial institutions.

Course Content

This course covers the accounting practices and standards of Islamic financial institutions.

Course Learning Outcomes

  1. Understand the information presented in Balance Sheets (Statements of Financial Position), Income Statements (Profit and Loss Statements), Cash Flow Statements, Statements of Changes in Equity and Profit Distribution Statements in Islamic financial i
  2. Know how the information in the basic financial statements of Islamic financial institutions is formed.
  3. Prepare Balance Sheet (Statement of Financial Position) and Income Statement (Profit and Loss Statement) using the available financial data of Islamic financial institutions.
  4. Analyze the account information in the Balance Sheet (Statement of Financial Position) and Income Statement (Profit and Loss Statement) of Islamic financial institutions.
  5. Compare and evaluate the information in the Balance Sheet (Statement of Financial Position) and Income Statement (Profit and Loss Statement) of different Islamic financial institutions.

Core Area Distribution

(34) Business and Administration%100