Syari’a Accounting in Practice
The development of accounting in this time is still in progress of discussion among the academic sector. This is in line with the approach of financial report in making process and the accounting in the practice and theory. This theoretical form sees the phenomenon of syari’a accounting and the conventional accounting. Based on several experts, they think that accounting theory in the conventional term can use in modification for pragmatic needs. Like the accounting in Islamic company that can be legitimate in the reporting process such as the Islamic value and syari’a purposes.
We can see this in the accounting application in Islamic company that using the conventional accounting record. This will make the accounting process adjusted to the Islamic practice based on the Islamic principles of syari’a accounting. Let say the financial report that aimed for the syari’a accounting, this practice of lost profit record and the financial statement is different. The other adjusted report is the financial report analysis for zakat and the use, earning expenditure that prohibited in syari’a accounting.
There are many analyses in Islamic country as the syari’a accounting practice in Indonesia and Malaysia. Expert says that many of the company and personal party have not applied the standard of syari’a accounting.
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