Islamic perspective of management accounting decision making techniques
| dc.contributor.author | Abdul-Baki, Zayyad | |
| dc.contributor.author | Uthman, Ahmad Bukola | |
| dc.contributor.author | Aliu, Olanrewaju Atanda | |
| dc.contributor.author | Ibrahim, Solihu Aramide | |
| dc.date.accessioned | 2023-05-25T09:55:14Z | |
| dc.date.available | 2023-05-25T09:55:14Z | |
| dc.date.issued | 2013 | |
| dc.description.abstract | Purpose – This paper aims to argue that the methodologies adopted by the conventional management accounting in selecting between or among two or more alternative courses of action, both in the long-term and the short-term decision making endeavours conflict with the overall objective ( falah) of Islamic enterprises. Design/methodology/approach – The paper explores relevant literatures (including the Qur’an and the Hadeeth) to ascertain the objective of an Islamic enterprise and suggest an alternative approach, in making a choice among alternative courses of action, that aligns with the Islamic socio-economic objective ( falah). Findings – The paper suggests that both in long-term and short-term decision making endeavours, cost-benefit comparison (where cost includes negative externalities) rather than discounted cashflow techniques or contribution margin should be adopted in making a final choice among alternatives to achieve falah. Research limitations/implications – The paper has not considered other objectives that may be pursued by an organisation beside profit maximization whether short-term or long-term. Practical implications – The paper expands the frontiers of knowledge in Islamic accounting by exposing the inadequacy of the conventional management accounting decision making methods. Originality/value – This paper explores the Islamic perspective of the conventional management accounting which is rare among scholars of accounting. | en_US |
| dc.identifier.uri | https://uilspace.unilorin.edu.ng/handle/20.500.12484/10799 | |
| dc.language.iso | en | en_US |
| dc.publisher | Emerald Insight | en_US |
| dc.subject | Falah, Cost-benefit, Islamic accountability theory, Decision making, Third party impact, Management accounting | en_US |
| dc.title | Islamic perspective of management accounting decision making techniques | en_US |
| dc.type | Article | en_US |