Contents:
Preface • Preface to the Second Edition • Acknowledgements

Chapter 1 Introduction

Chapter 2 Financial Accounting Framework

Chapter 3 Classification of Assets and Liabilities

Chapter 4 The Accounting Cycle: Journal, Cash Book, General Ledger and Trial Balance

Chapter 5 Completion of the Accounting Cycle: Preparation of the Profit and Loss Account and Balance Sheet

Chapter 6 Accounts of Limited Liability Companies: Accounting for Shares and Debentures

Chapter 7 Accounts of Limited Liability Companies: Final Accounts

Chapter 8 Fund Flow And Cash Flow Statements

Chapter 9 Measurement of Assets

Chapter 10 Measurement of Liabilities

Chapter 11 Financial Instruments

Chapter 12 Accounting for Leases

Chapter 13 Recognition of Incomes and Expenses

Chapter 14 Changes in Foreign Exchange Rates

Chapter 15 Business Combination

Chapter 16 Consolidated Financial Statements

Chapter 17 Disclosure in Corporate Financial Report

Chapter 18 Financial Analysis

Case Studies

Appendix Comparative Statement of International Accounting Standard and Indian Accounting Standard (As on 1 July 2004)
Glossary • Solutions to Quizzes • Index

Primarily intended for the first course in financial accounting for the postgraduate students of management, this systematically organized text discusses the essential concepts, principles and methods of financial accounting. It covers all important financial concepts and corporate financial reporting practices. The book, in its Fourth Edition, includes Revised Schedule VI on Balance Sheet and Profit & Loss Account Format. The Schedule VI has also been explained at the appropriate places.
While the emphasis throughout is on the fundamentals, the book also skilfully analyzes advanced topics such as financial instruments, earnings management, internal control and internal audit, business combination and the logit model.