Financial accounting: Conventional and Islamic approach

Accounting is the language of business, a mechanism of recording and reflecting the real financial aspects of any person or organisation. Without acquiring adequate knowledge and skill of accounting no one can think of becoming successful in business, specifically when financial accounting plays a vital role. Accounting practices are based on secular Western culture which is termed conventional accounting. However, Islam has its own ways of accounting on the basis of Islamic Shari’ah. But there is a lack of professional standard textbook to use and refer to. The book Financial Accounting: Conventional & Islamic Approach published by BIIT is an effort to overcome this shortcoming.