THIS COURSE INTRODUCES ISLAMIC RECORDS FOR SHARI’AH-COMPLIANT FINANCIAL TRANSACTIONS. THE MAIN PURPOSE OF THIS COURSE IS TO CLARIFY THE APPLICATION OF MASB'S ACCOUNTING STANDARDS FOR SHARI’AH-COMPLIANT FINANCIAL TRANSACTIONS. DISCUSSIONS WILL COVER THE SIMILARITIES AND DIFFERENCES OF THE CONCEPTS OF SHARI’AH-BASED AND SHARI’AH COMPLIANT PERSPECTIVE. THIS COURSE ALSO DESCRIBES THE ACCOUNTING AND PRESENTATION RULES FOR BUSINESS ZAKAT IN THE STATEMENT OF INCOME FOR ENTITIES PAYING ZAKAT. FURTHERMORE, THIS COURSE PROVIDES EXPOSURE TO STUDENTS ON THE AUDIT.