Financial accounting for management : an analytical perspective

Financial accounting for management an analytical perspective

The fourth edition of Financial Accounting for Management: An Analytical Perspective continues to focus on the analysis and interpretation of financial information for strategic decision making to enable students and managers to formulate business strategies for revenue enhancement, cost economies,...

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Detalles Bibliográficos
Autor principal: Gupta, Ambrish (-)
Formato: Libro electrónico
Idioma:Inglés
Publicado: Noida, India ; New Delhi, India : Dorling Kindersley (India) 2011.
Edición:4th ed
Materias:
Managerial accounting.
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009627912806719
Tabla de Contenidos:
  • Cover
  • About the Author
  • Contents
  • Outstanding Pedagogical Features
  • List of Companies Whose Cases and Financial Practices/Information have been Incorporated in this Book
  • Preface to the Fourth Edition
  • Preface
  • Part 1: The Foundation
  • Chapter 1: Measurement of Profit and Financial Position: I Business Transactions to Trial Balance
  • Introduction
  • India - The Place of Origin of Modern Accounting
  • The Anatomy of Business
  • Assets
  • Financial Position
  • Income
  • Expenses
  • Financial Performance
  • The Accounting Process
  • Documentation and Recording of Business Transactions
  • Wonderland of Debit and Credit
  • Dual Aspect Concept
  • Accrual Concept/Mercantile System of Accounting
  • Classifying Business Transactions
  • Summarising Business Transactions
  • A Comprehensive Case
  • Application of Other Fundamental Accounting Concepts
  • Realisation Concept
  • Money Measurement Concept
  • Cost Concept Further Illustrated
  • Note on Computerized Accounting System
  • Alternative Presentation of Ledger Using Tally
  • Specific Daybooks
  • Concluding Remarks
  • Keywords
  • References
  • Exercises
  • Chapter 2: Measurement of Profit and Financial Position: II Trial Balance to Balance Sheet and Profit and Loss Account: Non-corporate Entities
  • Introduction
  • Measurement of Business Income and Financial Position
  • Trial Balance to Balance Sheet and Profit and Loss Account
  • Analysis of Trial Balance
  • Need for Adjustments
  • Inventory Valuation
  • Construction of Balance Sheet and Profit and Loss Account
  • General instructions and observations for preparing the two financial statements
  • Brief Analysis of the Financial Statements of Bharat Traders
  • Recap of Fundamental Accounting Concepts
  • Recap of Adjustments
  • Concluding Remarks
  • Keywords
  • Exercises.
  • Chapter 3: Measurement of Profit and Financial Position: III Corporate Entities
  • Introduction
  • Basic Features of the Company Form of Business Organization
  • Registration under the Companies Act
  • Types of Companies
  • Preliminary Expenses
  • Board of Directors
  • Financial Statements of Companies
  • Recap of Adjustments
  • Concluding Remarks
  • Keywords
  • References
  • Exercises
  • Part 2: Conceots and Principles
  • Chapter 4: Conceptual Framework of Financial Statements
  • Introduction
  • Purpose of the Framework
  • Scope and Coverage
  • Components of Financial Statements
  • Research in Financial Reporting
  • Objective of Financial Statements
  • Users and their Information Needs
  • Assumptions Underlying Preparation of Financial Statements
  • Qualitative Characteristics of Financial Statements
  • Constraints on Qualitative Characteristics
  • True and Fair View
  • Definitions, Characteristics, Recognition and Measurement of the Elements of Financial Statements
  • Definitions and Characteristics
  • Concepts of Capital and Capital Maintenance
  • Capital
  • Capital Maintenance and Determination of Profit
  • Concluding Remarks
  • Keywords
  • References
  • Exercises
  • Chapter 5: Generally Accepted Accounting Principles
  • Introduction
  • Sources of GAAPs
  • Conceptual Framework of Financial Statements
  • Accounting Concepts and Principles Other than Those Covered by the Framework
  • Requirements of the Companies Act and Rules Made Thereunder
  • Vertical Balance Sheet of Nestle India Ltd
  • Vertical Profit and Loss Account of Nestle India Ltd.
  • Accounting Standards Formulated by ICAI
  • Convergence with International Financial Reporting Standards (IFRSs)
  • Requirements of SEBI
  • Requirements of Income Tax Act and Rules Made Thereunder
  • National Harmonization of Accounting Standards.
  • ICAI's Standard on Accounting Policies: The Mother Standard
  • Disclosure of Accounting Policies
  • Meaning and Significance of Accounting Policies
  • Scope and Coverage
  • Principles and Norms of Standard Accounting Treatment
  • Disclosures in financial statements
  • AS-5: Net Profit or Loss for the Period, Prior Period and Extraordinary Items and Changes in Accounting Policies
  • IFRS Converged Ind AS 1 Vs Existing AS 1
  • IFRS Converged Ind AS 8 Vs Existing AS 5
  • Research in Financial Reporting
  • Concluding Remarks
  • Keywords
  • References
  • Exercises
  • Part 3: Asset Valuation
  • Chapter 6: Valuation of Tangible Fixed Assets
  • Introduction
  • Valuation of Fixed Assets
  • Meaning, Identification and Significance of Fixed Assets
  • Research in Financial Reporting
  • Scope and Coverage
  • Principles and Norms of Standard Accounting Treatment
  • Determinants of Value of Fixed Assets
  • Valuation of Fixed Assets in Special Cases
  • Identification of Certain Specific Fixed Assets
  • Retirements and Disposals
  • Disclosures in Financial Statements
  • IFRS Converged Ind AS 16 Vs Existing AS 10
  • Impact of Government Grants and Borrowing Costs on Fixed Assets Valuation
  • Accounting for Government Grants
  • IFRS Converged Ind AS 20 Vs Existing AS 12
  • IFRS Converged Ind AS 23 Vs Existing AS 16
  • Corporate Financial Practices
  • Valuation of Wasting, Non-regenerative, Assets
  • Corporate Financial Practices
  • Concluding Remarks
  • Keywords
  • References
  • Exercises
  • Chapter 7: Depreciation on Fixed Assets
  • Introduction
  • Depreciation Accounting
  • Meaning and Significance of Depreciation
  • Research in Financial Reporting
  • Scope and Coverage
  • Principles and Norms of Standard Accounting Treatment
  • Determinants of Depreciation
  • Methods of Depreciation
  • Statutory Requirements and Compliance
  • Book Profit and Taxable Profit.
  • Consistency Principle: Change in Method
  • Depreciation Charge in Special Cases
  • Revaluation of Fixed Assets and Depreciation
  • Profit/Loss on Disposal of Fixed Assets
  • Disclosures in Financial Statements
  • Corporate Financial Practices
  • IFRS Converged Ind AS 16 Vs Existing AS 6
  • Depletion of Wasting, Non-regenerative, Assets
  • Corporate Financial Practices
  • Concluding Remarks
  • Keywords
  • References
  • Exercises
  • Chapter 8: Valuation of Assets under Finance Lease and Intangible Assets, Amortization and Asset Impairment
  • Introduction
  • Assets Under Finance Lease
  • Meaning of Lease and Finance Lease
  • Substance over Form
  • Principles and Norms of Standard Accounting Treatment
  • Disclosures in Financial Statements
  • Corporate Financial Practices
  • Position Under the Income Tax Act
  • IFRS Convergence
  • IFRS Converged Ind AS 17 Vs Existing AS 19
  • Intangible Assets and Their Amortization
  • Goodwill
  • Meaning and Significance of Intangible Assets
  • Principles and Norms of Standard Accounting Treatment
  • Rates of Depreciation as Per Appendix I-Rule 5 of the Income Tax Rules
  • Disclosures in Financial Statements
  • Corporate Financial Practices
  • IFRS Converged Ind AS 38 Vs Existing AS 26
  • Impairment of Assets
  • Meaning and Significance
  • Principles and Norms of Standard Accounting Treatment
  • Disclosures in Financial Statements
  • Corporate Financial Practices
  • IFRS Converged Ind AS 36 Vs Existing AS 28
  • Concluding Remarks
  • Keywords
  • References
  • Exercises
  • Chapter 9: Valuation of Inventories
  • Introduction
  • Valuation of Inventories
  • Meaning and Significance of Inventories
  • Research in Financial Reporting
  • Scope and Coverage
  • Construction Contracts
  • IFRS Converged Ind AS 11 Vs Existing AS 7
  • Principles and Norms of Standard Accounting Treatment
  • Valuation Policy
  • Cost of Inventories.
  • Cost Formulas
  • Illustrations on the Methods of Valuation
  • Impact of the Three Methods of Valuation on Cogs, Gross Profit and Net Profit: A Comparison
  • Techniques for the Measurement of Cost
  • Net Realisable Value
  • IFRS Converged Ind AS 37 Vs Existing AS 29
  • NRV and Its Impact on Valuation of Inventory, Cogs, Gross Profit and Net Profit
  • Disclosures in Financial Statements
  • Corporate Financial Practices
  • IFRS Converged Ind AS 2 Vs Existing AS 2
  • Concluding Remarks
  • Keywords
  • References
  • Exercises
  • Chapter 10: Valuation of Investments
  • Introduction
  • Valuation of Investments
  • Meaning and Significance of Investments
  • Research in Financial Reporting
  • Scope and Coverage
  • Forms of Investments and Establishment of their Market Values
  • Active Market or Absence Thereof
  • Principles and Norms of Standard Accounting Treatment
  • Classification of Investments
  • Cost of Investments
  • Reclassification of Investments
  • Determination of Cost of Investments in Cases of Rights Issue
  • Disposal of Investments
  • Shares and Other Securities held as Stock-in-Trade
  • Disclosures in Financial Statements
  • Investments in Subsidiary/Associate Companies
  • Corporate Financial Practices
  • IFRS Converged Ind AS 39 Vs Existing AS 13
  • IFRS Converged Ind AS 40
  • Investments in Jointly Controlled Entities
  • Corporate Financial Practices
  • Other IFRS Converged Indian Accounting Standards Related to Measurement and Presentation of Investments
  • Concluding Remarks
  • Keywords
  • References
  • Exercises
  • Part 4: Understanding Corporate Financial Statements and other Financial Reports Included in Annual Reports
  • Chapter 11: Corporate Balance Sheet
  • Introduction
  • Features of the Balance Sheet
  • Understanding the Various Accounts of Balance Sheet and their Treatment
  • Assets (Application of Funds)
  • Fixed Assets.
  • Investments.

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