Table of Contents:

1. Conceptual basis of accounting
2. Balance sheet
3. Profit and loss statements
4. Cash flow statement
5. Accounting records
6. Accounts for joint stock companies
7. Financial statement analysis
8. Accounting issues for larger entities
9. Accounting standards
10. Financial reporting practices and corporate governance

This book is aimed at fulfilling the requirements of managers and non-specialists in accounting. With the objective of providing conceptual clarity and connecting to accounting in practice, this new edition continues to focus on building the concepts in financial accounting from a decision-making perspective. With the help of real illustrations, solved problems, as well as real-world examples and cases, the book will help enhance the readers’ ability to understand and evaluate accounting reports. This edition has been thoroughly updated as per provisions of Companies Act, 2013, Indian Accounting Standards (Ind-AS), and International Financial Reporting Standards. It will be useful for the students of management and accounting, as well as practicing managers.