Accounting for Business Zakat: A Guide for Zakat Assessment and Accounting Disclosure in Financial Reporting
Judul: Accounting for Business Zakat: A Guide for Zakat
Assessment and Accounting Disclosure in Financial Reporting
Penulis: Mohd Rizuan Abdul Kadir, Syed Mohd Ghazali Wafa Syed
Adwam Wafa, Abdullah Ibrahim dan Abdul Aziz Abdullah.
The purpose of accounting is to disseminate financial information
to users to enable them to make a correct and precise decision.
However, a number of accounting disclosure fail to meet the
demand of information for business zakat computation. This
book tries to explain about business zakat, including conditions
and method of computations, and how it relate to accounting
principles. In this book, harmonisation of zakat conditions and
accounting principles is explained, which will result in a new
statement of disclosure. This disclosure is suggested to be disclosed
as a value added statement that will meet the requirement for zakat
computation and consequently facilitate the payment for business