Financial Accounting for Managers, 3rd Edition

Financial Accounting for Managers, 3rd Edition

by Sanjay Dhamija
Released April 2024
Publisher(s): Pearson India
ISBN: 9789353061890

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Book description

Financial Accounting for Managers, 3e seeks to provide a comprehensive coverage of the basic principles of financial accounting, incorporating the latest accounting norms and standards. 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 analysing financial and accounting information. Features 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. Table of contents1 Introduction to accounting2 Generally accepted accounting principles and accounting standards3 Accounting cycle4 Financial statements of companies5 Statement of profit and loss6 Balance sheet7 Accounting for revenue8 Accounting and valuation of inventory9 Accounting for fixed assets and depreciation10 Accounting for investments11 Cash flow statement12 Consolidated financial statements13 Disclosures in annual reports14 Analysis of financial statements15 Financial shenanigans.

Table of contents

  1. Cover
  2. Title
  3. Copyright
  4. Contents
  5. Preface
  6. Acknowledgements
  7. About the Author
  8. Chapter 1 Introduction to Accounting
    1. 1.1 WHAT IS ACCOUNTING?
    2. 1.2 USERS OF FINANCIAL ACCOUNTING INFORMATION
    3. 1.3 FINANCIAL ACCOUNTING VERSUS MANAGEMENT ACCOUNTING
    4. 1.4 NEED FOR ACCOUNTING PRINCIPLES—GAAP AND ACCOUNTING STANDARDS
    5. 1.5 ACCOUNTING CYCLE
    6. 1.6 FINANCIAL STATEMENTS
    7. 1.7 ACCOUNTING ENVIRONMENT (1/2)
    8. 1.7 ACCOUNTING ENVIRONMENT (2/2)
  9. Chapter 2 Generally Accepted Accounting Principles and Accounting Standards
    1. 2.1 NATURE OF GENERALLY ACCEPTED ACCOUNTING PRINCIPLES
    2. 2.2 NEED FOR ACCOUNTING STANDARDS
    3. 2.3 ACCOUNTING STANDARDS IN INDIA2
    4. 2.4 GLOBALIZATION OF ACCOUNTING STANDARDS (1/2)
    5. 2.4 GLOBALIZATION OF ACCOUNTING STANDARDS (2/2)
  10. Chapter 3 Accounting Cycle
    1. 3.1 INTRODUCTION
    2. 3.2 ACCOUNTING PROCESS
    3. 3.3 JOURNAL ENTRY
    4. 3.4 CLASSIFICATION
    5. 3.5 SUMMARIZATION (1/2)
    6. 3.5 SUMMARIZATION (2/2)
    7. 3.6 ADJUSTMENT ENTRIES
    8. 3.7 FINANCIAL STATEMENTS (1/4)
    9. 3.7 FINANCIAL STATEMENTS (2/4)
    10. 3.7 FINANCIAL STATEMENTS (3/4)
    11. 3.7 FINANCIAL STATEMENTS (4/4)
  11. Chapter 4 Financial Statements of Companies
    1. 4.1 INTRODUCTION
    2. 4.2 FINANCIAL STATEMENTS
    3. 4.3 STATEMENT OF PROFIT AND LOSS
    4. 4.4 BALANCE SHEET
    5. 4.5 STATEMENT OF CHANGE IN EQUITY
    6. 4.6 CASH FLOW STATEMENT
    7. 4.7 NOTES TO ACCOUNTS
  12. Chapter 5 Statement of Profit and Loss
    1. 5.1 INTRODUCTION
    2. 5.2 FORMAT OF STATEMENT OF PROFIT AND LOSS
    3. 5.3 REVENUE
    4. 5.4 EXPENSES (1/2)
    5. 5.4 EXPENSES (2/2)
    6. 5.5 EXCEPTIONAL ITEMS
    7. 5.6 TAX EXPENSES
    8. 5.7 PROFIT/LOSS FROM DISCONTINUED OPERATIONS
    9. 5.8 PROFIT/LOSS FOR THE PERIOD
    10. 5.9 OTHER COMPREHENSIVE INCOME (OCI)
    11. 5.10 EARNINGS PER SHARE
    12. 5.11 VARIOUS MEASURES OF PROFIT
    13. 5.12 APPROPRIATION OF PROFIT (1/5)
    14. 5.12 APPROPRIATION OF PROFIT (2/5)
    15. 5.12 APPROPRIATION OF PROFIT (3/5)
    16. 5.12 APPROPRIATION OF PROFIT (4/5)
    17. 5.12 APPROPRIATION OF PROFIT (5/5)
  13. Chapter 6 Balance Sheet
    1. 6.1 INTRODUCTION
    2. 6.2 FORMAT OF BALANCE SHEET
    3. 6.3 ASSETS
    4. 6.4 NON-CURRENT ASSETS (1/2)
    5. 6.4 NON-CURRENT ASSETS (2/2)
    6. 6.5 CURRENT ASSETS (1/2)
    7. 6.5 CURRENT ASSETS (2/2)
    8. 6.6 CURRENT TAX ASSETS (NET)
    9. 6.7 OTHER CURRENT ASSETS
    10. 6.8 EQUITY AND LIABILITIES
    11. 6.9 EQUITY (1/3)
    12. 6.9 EQUITY (2/3)
    13. 6.9 EQUITY (3/3)
    14. 6.10 STATEMENT OF CHANGE IN EQUITY
    15. 6.11 LIABILITIES
    16. 6.12 NON-CURRENT LIABILITIES (1/2)
    17. 6.12 NON-CURRENT LIABILITIES (2/2)
    18. 6.13 CURRENT LIABILITIES
    19. 6.14 CONTINGENT LIABILITIES AND COMMITMENTS (1/7)
    20. 6.14 CONTINGENT LIABILITIES AND COMMITMENTS (2/7)
    21. 6.14 CONTINGENT LIABILITIES AND COMMITMENTS (3/7)
    22. 6.14 CONTINGENT LIABILITIES AND COMMITMENTS (4/7)
    23. 6.14 CONTINGENT LIABILITIES AND COMMITMENTS (5/7)
    24. 6.14 CONTINGENT LIABILITIES AND COMMITMENTS (6/7)
    25. 6.14 CONTINGENT LIABILITIES AND COMMITMENTS (7/7)
  14. Chapter 7 Accounting for Revenue
    1. 7.1 REVENUE
    2. 7.2 QUANTUM OF REVENUE
    3. 7.3 TIMING OF REVENUE RECOGNITION (1/2)
    4. 7.3 TIMING OF REVENUE RECOGNITION (2/2)
    5. 7.4 IMPACT OF UNCERTAINTY
    6. 7.5 DISCLOSURES
    7. 7.6 ACCOUNTING FOR RECEIVABLES (1/3)
    8. 7.6 ACCOUNTING FOR RECEIVABLES (2/3)
    9. 7.6 ACCOUNTING FOR RECEIVABLES (3/3)
  15. Chapter 8 Accounting and Valuation of Inventory
    1. 8.1 MEANING OF INVENTORY
    2. 8.2 INVENTORIES AND THE FINANCIAL STATEMENTS
    3. 8.3 METHODS OF INVENTORY ACCOUNTING
    4. 8.4 VALUATION OF INVENTORY
    5. 8.5 COSTING METHODS
    6. 8.6 DISCLOSURES (1/3)
    7. 8.6 DISCLOSURES (2/3)
    8. 8.6 DISCLOSURES (3/3)
  16. Chapter 9 Accounting for Fixed Assets and Depreciation
    1. 9.1 INTRODUCTION
    2. 9.2 PROPERTY, PLANT AND EQUIPMENT (1/4)
    3. 9.2 PROPERTY, PLANT AND EQUIPMENT (2/4)
    4. 9.2 PROPERTY, PLANT AND EQUIPMENT (3/4)
    5. 9.2 PROPERTY, PLANT AND EQUIPMENT (4/4)
    6. 9.3 INVESTMENT PROPERTY
    7. 9.4 INTANGIBLE ASSETS
    8. 9.5 IMPAIRMENT OF ASSET (1/4)
    9. 9.5 IMPAIRMENT OF ASSET (2/4)
    10. 9.5 IMPAIRMENT OF ASSET (3/4)
    11. 9.5 IMPAIRMENT OF ASSET (4/4)
  17. Chapter 10 Accounting for Investments
    1. 10.1 INTRODUCTION
    2. 10.2 CLASSIFICATION OF INVESTMENTS
    3. 10.3 MEASUREMENT
    4. 10.4 INVESTMENT IN SUBSIDIARIES, ASSOCIATES AND JOINT VENTURE
  18. Chapter 11 Cash Flow Statement
    1. 11.1 INTRODUCTION
    2. 11.2 CASH FLOW STATEMENT
    3. 11.3 CASH FLOW FROM OPERATING ACTIVITIES (1/2)
    4. 11.3 CASH FLOW FROM OPERATING ACTIVITIES (2/2)
    5. 11.4 CASH FLOW FROM INVESTING ACTIVITIES
    6. 11.5 CASH FLOWS FROM FINANCING ACTIVITIES
    7. 11.6 SPECIAL POINTS
    8. 11.7 CASH FLOWS AT DIFFERENT STAGES OF LIFE CYCLE (1/6)
    9. 11.7 CASH FLOWS AT DIFFERENT STAGES OF LIFE CYCLE (2/6)
    10. 11.7 CASH FLOWS AT DIFFERENT STAGES OF LIFE CYCLE (3/6)
    11. 11.7 CASH FLOWS AT DIFFERENT STAGES OF LIFE CYCLE (4/6)
    12. 11.7 CASH FLOWS AT DIFFERENT STAGES OF LIFE CYCLE (5/6)
    13. 11.7 CASH FLOWS AT DIFFERENT STAGES OF LIFE CYCLE (6/6)
  19. Chapter 12 Consolidated Financial Statements
    1. 12.1 INTRODUCTION
    2. 12.2 CONCEPT OF CONTROL
    3. 12.3 CONSOLIDATED FINANCIAL STATEMENTS
    4. 12.4 CONSOLIDATED STATEMENT OF PROFIT AND LOSS
    5. 12.5 CONSOLIDATED BALANCE SHEET
    6. 12.6 INVESTMENTS IN ASSOCIATES AND JOINT VENTURES (1/4)
    7. 12.6 INVESTMENTS IN ASSOCIATES AND JOINT VENTURES (2/4)
    8. 12.6 INVESTMENTS IN ASSOCIATES AND JOINT VENTURES (3/4)
    9. 12.6 INVESTMENTS IN ASSOCIATES AND JOINT VENTURES (4/4)
  20. Chapter 13 Disclosures in Annual Reports
    1. 13.1 INTRODUCTION
    2. 13.2 DISCLOSURES UNDER THE COMPANIES ACT, 2013
    3. 13.3 DISCLOSURES UNDER LISTING AGREEMENT
    4. 13.4 DISCLOSURES UNDER ACCOUNTING STANDARDS
    5. 13.5 VOLUNTARY DISCLOSURES (1/3)
    6. 13.5 VOLUNTARY DISCLOSURES (2/3)
    7. 13.5 VOLUNTARY DISCLOSURES (3/3)
  21. Chapter 14 Analysis of Financial Statements
    1. 14.1 INTRODUCTION
    2. 14.2 COMMON SIZE STATEMENTS
    3. 14.3 INDEXED FINANCIAL STATEMENTS
    4. 14.4 RATIO ANALYSIS (1/5)
    5. 14.4 RATIO ANALYSIS (2/5)
    6. 14.4 RATIO ANALYSIS (3/5)
    7. 14.4 RATIO ANALYSIS (4/5)
    8. 14.4 RATIO ANALYSIS (5/5)
    9. 14.5 RATIOS TO PREDICT FINANCIAL INSOLVENCY (1/8)
    10. 14.5 RATIOS TO PREDICT FINANCIAL INSOLVENCY (2/8)
    11. 14.5 RATIOS TO PREDICT FINANCIAL INSOLVENCY (3/8)
    12. 14.5 RATIOS TO PREDICT FINANCIAL INSOLVENCY (4/8)
    13. 14.5 RATIOS TO PREDICT FINANCIAL INSOLVENCY (5/8)
    14. 14.5 RATIOS TO PREDICT FINANCIAL INSOLVENCY (6/8)
    15. 14.5 RATIOS TO PREDICT FINANCIAL INSOLVENCY (7/8)
    16. 14.5 RATIOS TO PREDICT FINANCIAL INSOLVENCY (8/8)
  22. Chapter 15 Financial Shenanigans
    1. 15.1 INTRODUCTION
    2. 15.2 FINANCIAL SHENANIGANS
    3. 15.3 MOTIVATIONS FOR FINANCIAL SHENANIGANS
    4. 15.4 OPPORTUNITIES FOR FINANCIAL SHENANIGANS
    5. 15.5 FINANCIAL SHENANIGANS TECHNIQUES (1/3)
    6. 15.5 FINANCIAL SHENANIGANS TECHNIQUES (2/3)
    7. 15.5 FINANCIAL SHENANIGANS TECHNIQUES (3/3)
    8. 15.6 REGULATORY REACTIONS
    9. 15.7 HOW TO DETECT FINANCIAL SHENANIGANS?
    10. 15.8 PREVENTION OF FINANCIAL SHENANIGANS (1/3)
    11. 15.8 PREVENTION OF FINANCIAL SHENANIGANS (2/3)
    12. 15.8 PREVENTION OF FINANCIAL SHENANIGANS (3/3)

Product information

  • Title: Financial Accounting for Managers, 3rd Edition
  • Author(s): Sanjay Dhamija
  • Release date: April 2024
  • Publisher(s): Pearson India
  • ISBN: 9789353061890