Vikas Publishing House

Publication Year 1997

ISBN 9788125905530

ISBN-10 8125905537


Edition 3rd
Number of Pages 436 Pages
Language (English)


Financial Accounting is a dynamic subject which is constantly evolving to keep pace with changes and new developments in business. This Book incorporates the refinements in the accounting concepts and practices in the earlier editions and reflects on new issues and developments in the field of accounting at the international and national levels. The original structure of the book i.e. to instruct Managers rather than Accountants remains unchanged. The inclusion of a large number of cases is an element of this design. To make the book more contemporaneous some of the cases have been replaced. However, those cases have been retained which we believe provide learning that can be described as timeless. The focus of the book is on how to use a financial statement than on how to prepare one, however to understand fully, one must know how a statement is prepared. Towards this end, we have also increased the proportion of content devoted to the mechanics of preparing financial statements. To most students Financial Accounting is daunting. The approach of this book is to enliven the subject and unveil it of the shrouds of myths and mysteries. About the Author S K Bhattacharyya, formerly IFCI Professor of Management at the Indian Institute of Management, Ahmedabad, frequently contributed to business and management journals in India and abroad. His publications include Workbook on Management Planning and Information Systems and Managing Business Enterprises, Strategies, Structure and Systems (co-author), Published by Vikas. John Dearden, the Krannert Professor of Business Administration at the Harvard Business School, Boston, was earlier the Financial Systems Manager of Ford Motor Company. He is world renowned in the field of costing and budgeting control. Table of Contents Introduction To Managerial Accounting, The Balance Sheet And Related Concepts, The Profit And Loss Account And Related Concepts, Accounting Mechanics: Basic Records, Accounting Mechanics: Preparation Of Financial Statements, Revenue Recognition And Management, Matching Of Revenues And Expenses: Inventory Pricing And Valuation, Fixed Assets And Depreciation Accounting, Intangible Assets, Foreign Currency Accounting, Regulatory Framework Of Financial Reporting In India, Analysis Of Financial Ratios, Analysis Of Cash Flow Statements