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In addition, some accounting principles maybe misinterpreted or interchangeable in the categorization of conceptual framework of accounting, but, these three classifications can not be interchangeable because each classification has its fixed position.

Baydoun and Willet (2000) (Zuhaili, Muhammad. 2003) stated that the focus is on God and the society but not the individual demands, a social accountability perspective but not personal accountability from the Islam perspective. Adnan & Gaffikin (1997) (Zuhaili, Muhammad. 2003) strongly suggest that the primary objective of accounting information is to giving the satisfaction of the accountability to God which is paying Zakat and to seek Allah’s pleasure and not focus for material only. From my point of view, it is as a whole, not on individual. Thus, it is not reliable to individual shareholders and creditors to make decision usefulness. It is for primary users of shareholders and investors.

Other than that, SFA No.2 adopts unit measurement concept. When setting financial rights and obligation, the changes in purchasing power of money should be ignored. This concept is very important in Islam because it sacrifies the value of honesty and fairness. Ahmed (1991) (Zuhaili, Muhammad. 2003) states that money as a unit of measure is incredible from Islamic perspective in an inflationary environment. From my point of view, money as a unit of measure is reasonable because it is the most relevant currency in the base money unit. The adjustments on the basic financial statements not only depend on the changes in its general purchasing power.

Conclusion

As conclusion, we should understand and emphasizes on the needs of conceptual framework. Thus, Islamic accounting body (AAOIFI) should have its original and uniform conceptual framework, further and deep researches are needed in order to redefine and reproduce the conceptual framework that derived from Shari’ah Islamiah.

Towards Good Accountability : The Role of Accounting in Islamic Religious

Organisations

Introduction

This paper discuss the issues of accounting and accountability in religious organizations, especially in Islamic religious establishments, on the conventional meaning and concept of accountability, principles of accountability within the Islamic framework, differences between the Islamic and conventional view of accountability.

Main Content

The expansion beyond the Arabian Peninsula encourages the development of a mechanism to ensuring accountability for all business transactions and for compliance with Islamic law. From Islamic Principles, every act of believers must comply ethical standards which define what is true, fair and just, the nature of corporate responsibilities, the priorities to society and accounting standards.

In Islamic religious organizations, there are less developed in accounting practices. Furthermore, accounting practices are not performed in accordance with the requirements of 本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。