Askary, Saeed and Jackling, Beverley (2004) A Theoretical Framework of Analysing of Accounting Propensity in Different Religions. In: APIRA 2004 : Proceedings of the Fourth Asia Pacific Interdisciplinary Research in Accounting Conference. Parker, Lee and Low, Aik-Meng, eds. Asia Pacific Interdisciplinary Research in Accounting Conference , Singapore. (Unpublished)

Abstract

“Can accounting practices be analyzed in a religious system of beliefs framework?”- this paper discusses and develops a theoretical framework for answering the question based on Hofstede and Gray’s model and an analysis of accounting practices in an Islamic agenda. The paper has three purposes. First, it analyses Hofstede and Gray’s model of accounting practices derived from a cultural framework including authority, measurement, enforcement and disclosure. Then, it is argued that Hofstede’s cultural values drive to depict the Islamic societal values by referencing Holy books verses of Muslim; Koran. Third, the study utilizes the Islamic societal values by applying Gray’s model to develop a theory for determining Islamic accounting practices. The model developed here provides a reasonably sound explanation of how religion as one cultural factor affects accounting practices in different societies. In examining Islam as one of the influential religions in the world, the paper reasons that Islamic accounting configuration attends to statutory control in accounting authority, moderate in disclosure of financial information, uniformity in using accounting methods and principles, and optimism in regard to accounting measurements.

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