Financial Accounting | Text & Illustrations

Financial Accounting is a comprehensive, authentic & well-illustrated book. The objective of this book is to provide a thorough analysis and new insights, in simple language, for the interwoven laws and the standards in solving accounting problems.

This book will be helpful for students of MBA/M.Com./PGDM/PGPM and other professional courses of various universities/institutes throughout India.

The Present Publication is the latest 2022 Edition, authored by Bhushan Kumar Goyal & H.N. Tiwari, with the following noteworthy features:

• [Comprehensive Presentation of Theory, Procedure & Practice] of accounting
• [Student-Oriented Book] This book has been developed keeping in mind the following factors:
• Interaction of the author/teacher with their students in the classroom
• Shaped by the author/teacher's experience of teaching the subject matter at different levels for more than 43 years
• Reactions and responses of students have also been incorporated at different places in the book
• [Simple Language & Systematic Manner] of the presentation of the subject matter
• [Solved Illustrations & Working Notes] have been incorporated throughout this book to make the understanding of the concepts easy
• [Accounting Treatment] have been given in conformity with the Accounting Standards & relevant statutes.

The contents of the book are as follows:

• Accounting System
• Financial Accounting Principles
• Introduction to Accounting Standards and Ind-AS
• Accounting Process: Journal and Ledger
• Accounting Process: Subsidiary Books, Ledger and Trial-Balance
• Measurement of Business Income and Revenue Recognition
• Accounting for Property, Plant, Equipment and Depreciation
• Inventory Valuation
• Capital and Revenue Expenditure and Receipts
• Financial Statements of Non-Corporate Business Entities
• Financial Statements for Not-For-Profit Organisations
• Accounting for Hire Purchase and Instalment System
• Lease Accounting
• Accounting for Inland Branches
• Departmental Accounting
• Partnership Accounting – Fundamentals, Admission, Retirement and Death-Overview
• Accounting for Dissolution of Partnership Firms
• Computerised Accounting System
• Cash Flow Statements
• Financial Ratio Analysis