About the Programme

This module aims to provide the knowledge to the learners on accounting and reporting for Islamic Financial transactions. In specific, the content of the course exposes the learners to the fundamentals of accounting and reporting for transactions adopted in Islamic Finance, according to International Financial Reporting Standards (IFRS)/ Malaysian Financial Reporting Standards (MFRS) and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) standards.

Learning Outcome

At the end of the module, learners should be able to apply relevant standards in the accounting and financial reporting for Islamic financial institutions.

Learning Topics

• Topic 1: Accounting Framework for Islamic Financial Transactions
• Topic 2: Elements of Financial Statements for Takaful Operators
• Topic 3: Accounting and Reporting for Financial Assets and Liabilities: Principles-Based Approach
• Topic 4: Elements of Financial Statements for Islamic Banks
• Topic 5: Emerging Issues on Accounting and Reporting Islamic Financial Transactions