Description
Overview:
This textbook introduces financial accounting with a focus on equipping readers to understand and evaluate accounting reports effectively. It delves into the historical evolution of accounting and builds a strong theoretical foundation, progressing through key topics such as balance sheets, income statements, cash flow analysis, and transaction recording. Updated to reflect recent changes in accounting standards, the outdated formats of balance sheets and cash flow statements have been replaced with current ones.
The text incorporates contemporary topics such as AI in accounting, corporate governance, and its connection to financial accounting, and accounting for cryptocurrencies in India. An invaluable resource for students of management, finance professionals, and accountants, the book is also suitable for readers who seek to apply accounting principles in real-world scenarios.
Key Features:
• Aligned with latest accounting standards
• Updated cases featuring data from recent financial years
• Revised balance sheet formats and refreshed cash flow statements
• ‘Quick Recap’ boxes for concept revision (New)
• ‘Research in the Indian Content’ section offering contemporary insights (New)






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