Financial Accounting for Managers, 7e

The seventh edition is written to incorporate the latest accounting standards, principles, and practices in corporate financial reporting and analysis prevailing in India, which are by the International Financial Reporting Standards (IFRS) and the Indian Accounting Standards (Ind AS). With the help of numerous illustrations, exercises as well as real-world examples, and case studies, the book will help enhance the readers’ ability to attain conceptual clarity and learn accounting in practice. 

Features: 

• The entire text has been revised by the updates in standards and principles laid down in the International Financial Reporting Standards (IFRS) and consequently, the Indian Accounting Standards (Ind AS). 
• The focus has been on simplification, rationalization, and strengthening of the subject matter in virtually all the chapters through the inclusion of many additional exercises, illustrations, case studies, etc. 
• The book now contains 105 corporate cases against 76 in the previous edition. Of these, the majority pertain to MNCs as per the requirement of the curriculum. 
• Chapters 4, 5, 14, and 24 have been recrafted and revised thoroughly. 
• A new chapter on Corporate Financial Frauds (Chapter 22) has been added, covering a burning corporate governance issue.

Contents:

Part 1: The Foundation
1. Measurement of Profit and Financial Position: I Business Transactions to Recording in Journal
2. Measurement of Profit and Financial Position: II Journal to Trial Balance
3. Measurement of Profit and Financial Position: III Trial Balance to Balance Sheet and Profit and Loss Account: Non-corporate Entities 
4. Measurement of Profit and Financial Position: IV Corporate Entities
5. Vertical Financial Statements of Corporate Entities in Accordance with IFRS Converged Indian Accounting Standards (Ind AS) Schedule III
6. Specific Day Books

Part 2: Concepts and Principles
7. Conceptual Framework for the Preparation and
Presentation of Financial Statements in Accordance with Indian Accounting Standards (Ind AS)
8. GAAPs and Accounting Policies

Part 3: Asset Valuation
9. Valuation of PPE, other Tangible Fixed Assets and Related Issues of Government Grants and Borrowing Costs
10. Depreciation on PPE and Other Tangible Fixed Assets
11. Valuation of ROU (Leased) Assets and Intangible Assets, Amortization and Asset Impairment
12. Valuation of Inventories
13. Financial Instruments: Financial Assets, Financial Liabilities and Investments

Part 4: understanding the Annual report
14. Ind-AS Financial Statements of Reliance Industries Limited alongwith Notes to Accounts and Significant Accounting Policies
15. Other Mandatory Financial Reports

Part 5: Financial Statement Analysis
16. Quality of Earnings: Window Dressing and Analyst Adjustments
17. Financial Statement Analysis and the Tool Kit of the Analyst: I Multi-step, Horizontal, Vertical and Trend Analyses 
18. Financial Statement Analysis and the Tool Kit of the Analyst: II Earnings Per Share (EPS) Analysis
19. Financial Statement Analysis and the Tool Kit of the Analyst: III Ratio Analysis 
20. Construction and Analysis of Corporate Statement of Cash Flows
21. Model for Strategic and Integrated Managerial Financial Analysis of Annual Report

Part 6: More on Financial Reporting and Analysis
22. Corporate Financial Frauds
23. Analysis of Group Performance: Consolidated Financial Reporting
24. Advances in Financial Reporting
25. Appendix 1: Present Value of an Annuity of Rupee 1 paid at the Year End 
26. Appendix 2: Present Value Factor of a Lump Sum (PVF) of Rupee 1