Islamic v Conventional banking
Order Description
r Task:

The Chair of the Australian Accounting Standards Board has commissioned you to assist with informing members of the AASB about the role culture can play in accounting
practices. She has requested that you write a report about research related to this issue. The report is to provide explanation and review of at least four quality*,
scholarly journal articles that make use of the work developed in the Gray-Hofstede model. This assessment task requires you to draw upon and apply what you have
learnt from Weeks 1 to 9.

1. Week 1: Introduction to financial accounting
2. Week 2: The financial reporting environment
3. The regulation of financial accounting
4. International accounting
5. Normative theory of accounting
6. Normative accounting theory
7. Positive accounting theory
8. Unregulated corporate reporting decision
9. Social and environmental within external reporting
*Refer to Australian Business Deans Council (ABDC) journal rankings (ABDC 2017).

A report format is required for this assignment. In a report, the Executive Summary should provide an overview of the whole report, including any recommendations.
Further, an assignment, which presents more quotes than constructive analysis and argument may be heavily penalized.

Suggested report structure:
1. Title page
2. Contents page
3. Executive summary (provides an overview of the whole report)
4. Introduction and purpose
5. Responses to specific task using appropriate headings and sub-headings
6. Conclusion
7. References
Gray (1988, p. 5) argues that ‘a methodological framework incorporating culture may be used to explain and predict international differences in accounting systems and
patterns of accounting development internationally’. ?- Deegan 2014, p. 137

References
• Australian Business Deans Council [ABDC] 2017, Master journal list, Australian Business Beans Council, viewed 16 February 2017, <https://www.abdc.edu.au/master-
journal-list.php>.

• Petersen, K 2012, ‘Accounting complexity, misreporting, and the consequences of misreporting’, Review of Accounting Studies, vol. 17, no. 1, pp. 72-95.
• Securities and Exchange Commission (SEC) 2008, Final Report of the advisory committee on improvements to financial reporting to the United States securities and
exchange commissions, viewed 3 September 2015, https://www.sec.gov/about/offices/oca/acifr/acifr-finalreport.pdf

• Auditing and Assurance Services in Australia
Grant E. Gay, Roger Simnett. ISBN 9781743079980

Resource:

https://www.theguardian.com/money/2013/oct/29/islamic-finance-sharia-compliant-money-interest