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Financial Accounting for Managers, 2/e, 2nd Edition

Name: Financial Accounting for Managers, 2/e, 2nd Edition
Author: Dhamija Sanjay
ISBN: 9789332558335

by Dhamija Sanjay

April 2015

Intermediate to advanced

464 pages

14h 47m

English

Pearson Education India

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Cover
Title page
Contents
About the Author
Dedication
Preface
1 INTRODUCTION TO ACCOUNTING
1.1 What Is Accounting?1.2 Users of Financial Accounting Information1.3 Financial Accounting versus Management Accounting1.4 Need for Accounting Principles—GAAP and Accounting Standards1.5 Accounting Cycle1.6 Financial Statements1.7 Accounting Environment
2 GENERALLY ACCEPTED ACCOUNTING PRINCIPLES AND ACCOUNTING STANDARDS
2.1 Nature of Generally Accepted Accounting Principles2.2 Need for Accounting Standards2.3 Globalization of Accounting Standards
3 ACCOUNTING CYCLE
3.1 Accounting Process3.2 Journal Entry3.3 Classification3.4 Summarization3.5 Financial Statements
4 STATEMENT OF PROFIT & LOSS
4.1 GAAP Revisited4.2 Format of statement of Profit and Loss4.3 Various Measures of Profit4.4 Appropriation of Profit4.5 Abnormal Items4.6 Earnings per Share4.7 Key Differences between Existing AS and Converged Ind AS

5 BALANCE SHEET
5.1 GAAP revisited5.2 Format of Balance Sheet5.3 Shareholders’ Funds5.4 Government Grants5.5 Liabilities5.6 Assets5.7 Contingent Liabilities and Commitments5.8 Key Differences between Existing AS and Converged Ind AS
6 ACCOUNTING FOR REVENUE AND ACCOUNT RECEIVABLES
6.1 Revenue6.2 Timing of Revenue Recognition6.3 Key Differences between Existing AS and Converged Ind AS
7 ACCOUNTING AND VALUATION OF INVENTORY
7.1 Meaning of Inventory7.2 Inventories and the Financial Statements7.3 Key Differences between Existing AS and Converged Ind AS
8 ACCOUNTING FOR FIXED ASSETS AND DEPRECIATION
8.1 Operating Expenses versus Capital Expenses8.2 Key Differences between Existing AS and Converged Ind AS
9 CASH FLOW STATEMENT
9.1 Need for Cash Flow Statement9.2 What is Cash?9.3 Cash Flow Statement9.4 Cash Flow from Operating Activities9.5 Cash Flow from Investing Activities9.6 Cash Flows from Financing Activities9.7 Special Points9.8 Cash Flows at Different Stages of Life cycle9.9 Key differences between existing AS and converged Ind AS
10 CONSOLIDATED FINANCIAL STATEMENTS
10.1 Scope of Consolidation10.2 Consolidated Financial Statements10.3 Key Differences between Existing AS and Converged Ind AS
11 DISCLOSURES IN ANNUAL REPORTS
11.1 Disclosures Under the Companies Act, 201311.2 Disclosures under Listing Agreement11.3 Disclosures under Accounting Standards11.4 Voluntary Disclosures11.5 Key differences between existing AS and converged Ind AS
12 ANALYSIS OF FINANCIAL STATEMENTS
12.1 Common Size Statements12.2 Indexed Financial Statements12.3 Ratio Analysis
13 FINANCIAL SHENANIGANS
13.1 Financial Shenanigans13.2 Motivations for Financial Shenanigans13.3 Opportunities for Financial Shenanigans13.4 Financial Shenanigans Techniques13.5 Regulatory Reactions13.6 How to Detect Financial Shenanigans?13.7 Prevention of Financial Shenanigans
Notes
Acknowledgements
Copyright
Back Cover

Content preview from Financial Accounting for Managers, 2/e, 2nd Edition

1 Introduction to Accounting

CHAPTER OBJECTIVES

This chapter will help the readers to:

Understand the meaning and nature of accounting.
Differentiate between financial accounting and management accounting.
Identify various users of accounting information.
Appreciate the need for generally accepted accounting principles (GAAP) and accounting standards (AS).
Understand the accounting environment and role of various regulatory institutions on accounting.
Get an overview of accounting cycle.
Identify the three basic financial statements.

1.1 WHAT IS ACCOUNTING?

Accounting is the language of business; it is the medium through which business organizations communicate their financial performance and financial position to the outside world. Financial ...

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Financial Accounting for Managers, 2/e, 2nd Edition

by Dhamija Sanjay

1