SOALAN / QUESTION 1 Excerpt from: Saufi & Mustafa (2017) in an article enfified "isiamic Accounting and Business Practices: A Conceptual Framework" In the Westem economic perspective, any person has uncondifional and absolute rights over wealth and is allowed fo use it as he or she pleases. The individual's main aim is fo maximize this wealth, maximization of profit and minimization of loss. It is contrasted Islamic economics pracfices where individuals do nof have absolute right over their wealth as mentioned in the Quran. Al creations and wealth are belongs fo Alah. Although they have been granted ownership over wealth, fhis s as frustees [amanah] only, and they must use it only according fo the instructions given by Alah. They cannot wastefully consume their wealth, and they must give o ofhers in ferms of social confribution or zokat because others also have right fo another person's wealth They are also accountable fo Allah and acting as vicegerent (khalfah). (a) Current conventional accounting framework lacks emphasis on accountabiliy. Elaborate on the fundamental diferences between conventional accounting and Islamic accounting rom the perspective of accountability and stewardship. (b) Paying zakat (that necessitates having accurate and just financial statements which represent accurately and truly financial position of the entity). Therefore, why the "cost" principles are undesirable from the Islamic accounting perspective in relation to obligation of paying zakat? (10m)