Financial Accounting for Managers, 3 Edition seeks to provide comprehensive coverage of the basic principles of financial accounting, incorporating the latest accounting norms and standards. Financial accounting and reporting have undergone a major shift in India with the convergence of our accounting standards with the IFRS. The Ministry of Corporate Affairs introduced a new series of accounting standards (called Ind-AS) which are substantially aligned with the IFRS. The transition to the new Ind-AS has begun from the financial year 2016-17. The convergence with the IFRS would substantially improve the reporting and disclosure practices by the Indian companies. Hence, the current edition has been thoroughly revised based upon the newly introduced Ind-AS.
This book is primarily meant to be used in postgraduate programmes of various universities and institutions, and can be used as an introductory course on accounting. This edition would also be helpful to practicing managers - both in finance and non-finance areas, so that they can sharpen their skills in understanding and analyzing financial and accounting information.
HIGHLIGHTS OF THIS EDITION
Very strong analytical perspective on how to use accounting information as a manager and as an analyst. Concepts discussed in the text have been reinforced with the help of solved instances both within the text and at the end of every chapter. Case studies have been included in all chapters based on information from annual reports and real-life situations. Requirements of the Companies Act 2013 have been suitably incorporated. In view of the convergences of Indian accounting standards with IFRS, accounting, and reporting have been discussed based upon the applicable Ind-AS.
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