True and fair view of financial reporting practices : accountants’ perspective
المؤلفون المشاركون
Zia, Mubashshir Hasan
Shihzad, Faysal
Akhtar, Muhammad
المصدر
Journal of Islamic Business and Management
العدد
المجلد 8، العدد (s) (30 يونيو/حزيران 2018)، ص ص. 301-319، 19ص.
الناشر
Riphah International University Riphah Centre of Islamic Business
تاريخ النشر
2018-06-30
دولة النشر
باكستان
عدد الصفحات
19
التخصصات الرئيسية
الملخص EN
The purpose of this case article is to bridge the gap between theory and practice of financial reporting by analyzing the reporting practices from an accountant’s perspective.
True and fair financial reporting is the basic requirement for achieving the objectives if Islamic financial system.
Importantly, what causes the accountants to mismark the financial status of the companies has been spotlighted.
It depicts the impact of aggressive revenue recognition, outright fraud, failing to accrue liability, misclassification of operating and non operating income and expenses, understatement and capitalization of expenses on financial statements.
The management manipulates financial statements to have good impression about its performance and to shoe profitability, better return on assets, return on equity and debt ratios.
Study provides evidence for the mechanics used for manipulation and provides valuable input for the motives for aggressive reporting and outright fraud.
It highlights the importance of accounting model to help and trace the manipulated financial statements for ecient investment decisions.
The results of the study cannot be generalized to all countries because of di erence in the adoption of international accounting standards, international financial reporting standards, generally accepted accounting principles and AAOFI standards in some cases.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Akhtar, Muhammad& Zia, Mubashshir Hasan& Shihzad, Faysal. 2018. True and fair view of financial reporting practices : accountants’ perspective. Journal of Islamic Business and Management،Vol. 8, no. (s), pp.301-319.
https://search.emarefa.net/detail/BIM-934580
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Akhtar, Muhammad…[et al.]. True and fair view of financial reporting practices : accountants’ perspective. Journal of Islamic Business and Management Vol. 8, Special issue (2018), pp.301-319.
https://search.emarefa.net/detail/BIM-934580
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Akhtar, Muhammad& Zia, Mubashshir Hasan& Shihzad, Faysal. True and fair view of financial reporting practices : accountants’ perspective. Journal of Islamic Business and Management. 2018. Vol. 8, no. (s), pp.301-319.
https://search.emarefa.net/detail/BIM-934580
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Includes bibliographical references : p. 319
رقم السجل
BIM-934580
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر