Financial Accounting for Management: An Analytical Perspective (Sixth Edition)

Continuing with the ongoing improvements since the first edition, the approach in the sixth edition has been to incorporate the latest accounting standards, principles and practices in corporate financial reporting and analysis prevailing in India, which are in accordance with the international financial reporting standards and present them in a simple manner.

 

 

 

• the entire text has been revamped in accordance with the standards and principles laid down in IFRS converged Ind ASs, which focus on fair value measurement and Ind AS compliant schedule III, which is believed to be compatible with the international literature on the subject.
• Corporate cases have been replaced and added by their latest 2016-17 Annual Reports which are in accordance with the Ind ASs and Ind AS compliant schedule III.
• the number of real corporate cases has been increased from 53 to 76 with multiple reference points and large number of across industry sectors.
• Chapter 8 ‘Generally Accepted Accounting Principles’ renamed as ‘GAAPs and Fair Value Measurement’ with a discussion on the later to emphasize its crucial role.
• In particular, chapters 5, 13 and 14 have been rechristened and rewritten thoroughly.
• A large number of small, though comprehensive, illustrations and exercises for easier understanding have also been added. Most of these are based on real corporate cases relating to their latest 2016-17 Ind AS financial statements.