Financial Accounting for Business Managers

Primarily intended for the first course in financial accounting for the post-graduate students of management, this systematically organized text discusses the essential concepts, principles and methods of financial accounting. Now largely revised and fully updated, the third edition continues to cover all the important financial concepts and corporate financial reporting practices. While the emphasis throughout is on the fundamentals, the book also skilfully analyzes advanced topics such as financial instruments, earnings management, internal control and internal audit, business combination and the logit model. New to the third edition: Important concepts are summarized in boxes to facilitate revision and to break the monotony. A number of questions are added in the Quiz Section of Assignments in almost all the chapters to provide suitable exercises for better comprehension of the basic concepts. Answers to quizzes are given at the end of the book. Besides the Case Studies given in many chapters, a case study "Vegetable Vendor", which is very useful in introducing basic concepts, is included in Chapter 1. It has a comprehensive Glossary at the end of the book.