Financial Reporting And Analysis

The authors have been extremely grateful for the positive response to the first edition of the book which made it exciting to undertake the challenge of bringing a second edition. In this updated edition, we bring numerous illustrations and review questions (with answers) after each concept for students to assess their knowledge and grasping. The language is simplified further to enable the readers for better and thorough understanding.

Financial Reports form the backbone for financial planning, analysis, bench marking and decision making. The global business environment requires financial statements that are adequate, consistent, comprehensible, credible and comparable. It is vital to note that factors like globalisation, cross border transactions, enactments and amendments in disclosure laws in various countries, financial frauds and scams, complex business transactions are constantly changing the scenario of dynamic global business environment. Thus, it becomes imperative to develop high quality standards and framework for financial reporting to ensure continued trust of different stakeholders and also to enable the users of the financial statements get better insight about the financial strengths and weakness of a firm and its future prospects

1. Basics Of Financial Reporting

2. Conceptual Framework For Financial Reporting

3. Structure Of Financial Statements

4. Additional Disclosure Statements

5. Inventories

6. Receivables

7. Retained Earnings

8. Fixed Tangible Assets

9. Fixed Intangible Assets

10. Leases

11. Revenue

12. Income Tax

13. Financial Statements Variation By Industry

14. Comparative And Common Size Analysis

15. Ratio Analysis

16. Expanded Analysis

17. Accounting Standards

18. International Financial Reporting Standards

Review Questions

References.

Previous Year Examination Papers