Monday, September 25, 2017

ISLAMIC FINANCIAL REPORTING MODEL IN MALAYSIA

Based on the research findings, the following model was developed:
IFR = 70.3SOFP + 45.6SOPL + 95SOCIE + 100 SOCF
SSUCF (47.1%) and SORI (17.6%) were not being included in the model because they were only disclosed in notes to the financial statement.
Note:
SOFP - Statement of financial position
SOPL - Statement of profit or loss
SOCIE - Statement of changes in equity
SOCF - Statement of cash flow
SSUCF - Statement of sources and uses of charity fund
SORI - Statement of restricted investment

No comments:

Post a Comment

ISLAMIC FINANCIAL REPORTING MODEL IN MALAYSIA

Based on the research findings, the following model was developed: IFR = 70.3SOFP + 45.6SOPL + 95SOCIE + 100 SOCF SSUCF (47.1%) and SOR...