Contents:
Preface • Acknowledgements

Introduction

INTERVIEW WITH MR. N.R. NARAYANA MURTHY, INFOSYS LIMITED

Part One: THE BASIC ACCOUNTING MODEL

1. Accounting, Markets, and Governance

2. Processing Transactions

3. Measuring Income

4. Accounting for Merchandising Transactions

Comprehensive Case 1

INTERVIEW WITH MR. PRABHAKAR KALAVACHERLA, INTERNATIONAL ACCOUNTING STANDARDS BOARD

Part Two: MEASURING AND REPORTING ASSETS, LIABILITIES AND EQUITY

5. Internal Control Systems, Cash, and Receivables

6. Inventories

7. Fixed Assets

8. Investments

9. Liabilities

10. Shareholders’ Equity

Comprehensive Case 2

INTERVIEW WITH MR. P.R. RAMESH, DELOITTE

Part Three: ANALYZING AND INTERPRETING FINANCIAL STATEMENTS

11. Analyzing Financial Statements: Statement of Profit and Loss and Balance Sheet

12. Analyzing Financial Statements: Cash Flow Statement

Comprehensive Case 3

13. Analyzing Financial Statements: Banks

Comprehensive Case 4

INTERVIEW WITH PROFESSOR SHYAM SUNDER, YALE UNIVERSITY

Appendix A Hindustan Unilever Limited Consolidated Financial Statements

Appendix B Time Value of Money

Appendix C Summary of Formulas

Glossary • Answers Check for Selected Problems • Index

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This widely adopted, highly acclaimed text, now in its Fifth Edition, has proved to be an invaluable asset to the student community. It explains how to prepare, analyze, and interpret the information from financial statements.