Abstract
Accounting is a mechanism of recording and reflecting the real financial aspects of any person or organization. This man-made mechanism is facing some problems in view of Islamic perspective in recording and reflecting the financial and others aspects of the organization. But Allah (SWT) and His Messenger (SAW) gave directions to solve all sorts of problems faced by mankind in the world. This article is an endeavor to give an overview of some conflicts of Traditional Accounting with Islamic Accounting as well as the resolutions of these conflicts. This Article also highlights the advantages of Islamic accounting over the Traditional Accounting.