The objective of this book is to meet the needs of postgraduate management students. It is tailor-made to meet the requirements of the syllabi of financial accounting prescribed by the following:

• Various Indian universities for their MBA/MMS programs
• Other institutions for their PGDM program
• Similar postgraduate management program

This book mainly focuses on 'would-be managers' and not 'would-be accountants'

The Present Publication is the Latest Edition, authored by Dr. Dinesh D Harsolekar & CA (Dr.) Pinky Agarwal, with the following noteworthy features:

• [Amended & Updated] The discussions in the book are based on the latest provisions and amendments of the Companies Act 2013, Indian Accounting Standards and other relevant laws
• [Self-study Book in Simple Language and Explanatory Notes] which helps the students to learn the subject with minimum help from their instructors
• [Examples & Theoretical Explanation from Real Companies] are included in this book to make it practically relevant
• [Emphasis on Practical Aspects] of the subject matter and less on theory
• [Paragraph at the end of Chapter for Implications] has been provided in this book
• [Graded Problems & Exercises] with varying levels of difficulty to the student comfortable with the subject
• [Illustrations, Detailed Examples, etc.] are included to allow students to be fully conversant with the subject
• [Student-Oriented Book] This book has been developed keeping in mind the following factors:
• Interaction of the author/teacher with their students in the classroom
• Shaped by the author/teacher's experience of teaching the subject matter at different levels for more than three decades
• Reactions and responses of students have also been incorporated at different places in the book

The detailed contents of this book are as follows:

• Introduction to Accounting
• An Overview of the Accounting Cycle
• Principles and Concepts of Accounting
• Accounting Process – The Recording Stage
• Accounting Process – The Classification Stage
• Accounting Process – The Financial Statements
• Financial Statements with Adjustments
• Income Measurement, Revenue Recognition and Capital & Revenue Items
• Corporate Financial Statements
• Equity & Other Equity
• Debts
• Accounting for Property, Plant & Equipment (PPE) and Depreciation
• Inventory Valuation and Treatment
• Corporate Financial Statements – Advanced Problems and Cases
• Analysis of Financial Statements – Statement of Cash Flow
• Analysis of Financial Statements – Comparative and Common Size Statement – Trend Analysis – Ratio Analysis
• Accounting and Ethics