Primarily intended for the first course in financial accounting for the postgraduate students of management, this systematically organized text discusses the essential concepts, principles and methods of financial accounting. It covers all important financial concepts and corporate financial reporting practices. The book, in its Fifth Edition, includes Revised Schedule III to the Companies Act, 2013, which provides Balance Sheet and Profit and Loss Account Format. Besides, more illustrations have been provided for easy grasping of the concept. The Schedule VI has also been explained at the appropriate places. While the emphasis throughout is given on the fundamentals, the book also skilfully analyzes advanced topics such as financial instruments, earnings management, internal control and internal audit, business combination and the logit model. KEY FEATURES • Important concepts are summarized in boxes to facilitate revision and to break the monotony. • Assignments are given in almost all the chapters to provide suitable exercises for better comprehension of the basic concepts. • Answers to quizzes are given at the end of the book. • Includes Case Studies in many chapters. • Contains a comprehensive Glossary at the end of the book. • Discusses financial analysis in detail. • Explains deviations of Indian GAAP from the IAS at appropriate places. • Provides a large number of practical examples to explain concepts and issues. • Incorporates most recent revisions in IAS and AS. The book is highly useful for the students of MBA, M.Sc. in Banking and Finance and Bachelor of Financial and Investment Analysis (BFIA). Besides, practising managers will also find this text to be of immense value. - from Amzon