Financial accounting: a managerial perspective, 5th edition

Abstract

Now in its fifth edition, this acclaimed text explains how to prepare, analyse, and interpret information from financial statements. New and distinctive features of this edition Banks: an entirely new chapter explains the financial statements of banks, and covers the effect of legal and regulatory requirements on the financial performance of banks. Spotlight on earnings quality analysis and earnings management: issues in understanding earnings quality and earnings management are explained with real-world examples. Chapter vignettes: a tone-setting vignette at the start of every chapter helps students to relate to the key issues covered in the chapter. Emphasis on thinking: accounting involves making significant decisions at every level of management. This text provides many opportunities for students to think about the considerations that go into making accounting judgements. New cases studies: new case studies on Tata Consultancy Services, Biocon, UBS, Reebok India, Nobles Crus, Essar Oil, HDFC, Kingfisher Airlines, Reliance Communications, and ICICI Bank have been added. Student-friendly approach: ideas are explained in a simple style using everyday language. No prior knowledge of business is assumed. Common doubts in understanding accounting are addressed. New material and updates: new material has been added to many chapters, including revenue recognition, pro forma financial measures, whistle-blowing, fraudster profile, cloud computing, statement of changes in equity, and management communications. The content has also been updated to include the effect of the Companies Act 2013 and changes in Indian accounting standards and international financial reporting standards.