Financial Accounting For Managers

✍ Scribed by Sanjay Dhamija

• Publisher: Pearson Education
• Year: 2018
• Tongue: English
• Leaves: 505
• Edition: 3
• Category: Library

✦ Table of Contents

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