Financial Accounting for Managers, 3e

Preface

It gives me immense pleasure in presenting the third edition of the book. The earlier two editions received overwhelming responses from both students and teachers. The feedback received from the academic community has therefore been duly incorporated in the revised edition.

Financial accounting and reporting has 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 ...