Financial Accounting - A Managerial Emphasis (Paperback, 3rd Revised edition)

Management Accounting has two broad branches - Financial Accounting and Cost Accounting. This book covers the first aspect of Management Accounting. It seeks to delve deep into all the aspects of Financial Accounting from a manager's perspective. The objective is to present the concepts, applications and practices of Financial Accounting in such a manner that even those readers having no prior exposure to the subject can understand its theory and practice. A manager is more interested in understanding various elements in financial statements and thereby being able to analyze and interpret the financial health of a business entity on the basis of financial statements. Apart from this, the readers will also become thoroughly acquainted with the financial disclosure practices followed in India. The highlights of the book are discussions on: Accounting Standards in India; Understanding Published Financial Statements; Inventory Valuation and Depreciation Accounting; Cash Flow Reporting and Interpretation; Financial Statements Analysis; Intra-firm and Inter-firm Comparisons; Consolidated Financial Statements; Valuation Techniques; Accounting for Amalgamations; Selected Solved and Unsolved Cases; Financial Statements Analysis by Banks; Investment Accounting for Banks; Accounting for Share Buyback; and, ESOP Accounting. The following are new to the third edition: Accounting for Financial Instruments, including Derivatives; Illustrations on Pricing of Derivatives; Accounting for Demerger; and, Share based Payments.