|No. of Pages:||672|
About the book
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.
New and Distinctive Features of the Text
• Banks: An entirely new chapter (Chapter 13) explains the financial statements of banks. It covers the effect of legal and regulatory requirements on the financial performance of banks.
• Spotlight on Earnings Quality Analysis and Earnings Management: Intricate issues in understanding earnings quality and earnings management are explained with real-world examples.
• Chapter Vignette: A tone-setting vignette at the start of every chapter enables the student to relate to the key issues covered in the chapter.
• Emphasis on Thinking: Accounting involves making significant decisions at every level of management. This text provides many opportunities to students to think about the considerations that go into making accounting judgements.
• New Cases: There are new cases on Tata Consultancy Services, Biocon, UBS, Reebok India, Nobles Crus, Essar Oil, HDFC, Kingfisher Airlines, Reliance Communications, and ICICI Bank.
• Student-friendly Approach: Ideas are explained in a simple style using everyday language. No prior knowledge of business is assumed. Common doubts in understanding accounting are addressed.
• New Material and Updates: New material has been added in many chapters. These include revenue recognition, pro forma financial measures, whistle-blowing, fraudster profile, cloud computing, statement of changes in equity, and management communications. The content has been updated to include the effect of the Companies Act 2013 and changes in Indian accounting standards and International Financial Reporting Standards.
About the author
R. NARAYANASWAMY (PhD, University of New South Wales, Sydney) is Professor of Finance and Control at Indian Institute of Management Bangalore. He has served as Visiting Fellow at Manchester Business School and Osaka University. He is a member of The Institute of Chartered Accountants of India, The Institute of Cost Accountants of India and The Institute of Company Secretaries of India. He holds the ICAI’s Diploma in Management Accountancy.
He has published in national and international journals, including The British Accounting Review, The International Journal of Accounting, The Journal of International Financial Management and Accounting, Research in Accounting Regulation and Accountancy and Accounting Horizons. He contributed a chapter on India in Globalisation of Accounting published by Edward Elgar, UK.
He was an independent director and chairman of the audit committee of the Indian Railway Finance Corporation Limited and has been a Special Invitee on the ICAI’s Accounting Standards Board and the Auditing and Assurance Standards Board.
Business Today named him among the best business school professors.
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
7. Fixed Assets
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
• Answers Check for Selected Problems
|Title:||FINANCIAL ACCOUNTING: A Managerial Perspective||Publisher:||PHI|
|No. of Pages:||672|