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Product Code: 1266169568
This " A Mini Guide to Accounting for Islamic Financial Products" stars with the development of Islamic finance as well as accounting standards and development of AAOIFI which aims to develop standards on accounting,auditing,ethics and governance and disseminate them on the target market. This guide also highlights selected accounting issues addressed by AAOIFI: substance over form, prudence, mudarabah investment accoounts and asset valuation. This is followed by how information of financial statement of an Islamic banks helps its major users, like equity holders, holders of investment accounts, regulatory agencies and others.
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