Financial Accounting for Management : An Analytical Perspective

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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, efficiency improvements, restructuring of operations, and further expansion or diversification for creating and enhancing the shareholder's value. Though the book has MBA, MFC and MBE students as its primary audience, its practical orientation will be useful to managers in the corporate sector and students of CA, CWA, CS, CFA and CAIIB. Key Features Discussion on convergence with international financial reporting standards. Though  implementation of converged Indian standards has been deferred for the time being, key features thereof versus existing standards are explained in the text in various chapters for advance knowledge of  students. New vertical format of financial statements introduced with effect from the accounting periods starting 1 April 2011 included. Thus, corporate financial statements in the new format will be available only around June-July 2012. However, a thorough discussion on the new format with the restatement of 2010-11 old format statements of Reliance Industries provided in (new) Appendix 6 for advance knowledge of students. Thorough revision, expansion, updating, enrichment, simplification and aesthetic improvement of the subject matter. All 62 corporate cases have been retained. New pedagogical features introduced and clubbed with the existing ones Table of Contents PART 1: THE FOUNDATION 1. Measurement of Profit and Financial Position 2. Measurement of Profit and Financial Position: II 3. Measurement of Profit and Financial Position: III PART 2: CONCEPTS AND PRINCIPLES 4. Conceptual Framework of Financial Statements 5. Generally Accepted Accounting Principles PART 3: ASSET VALUATION 6. Valuation of Tangible Fixed Assets 7. Depreciation on Fixed Assets 8. Valuation of Assets Under Finance Lease and Intangible Assets, Amortization and Asset Impairment 9. Valuation of Inventories 10. Valuation of Investments PART 4: UNDERSTANDING CORPORATE FINANCIAL STATEMENTS AND OTHERFINANCIAL REPORTS INCLUDED IN ANNUAL REPORTS 11. Corporate Balance Sheet 12. Corporate Profit and Loss Account 13. Notes to the Accounts and Significant Accounting Policies 14. Understanding and Constructing Corporate Cash Flow Statement 15. Other Financial Reports: I Auditors' Report and Directors' Report 16. Other Financial Reports: II Corporate Governance Report PART 5: FINANCIAL STATEMENT ANALYSIS 17. Quality of Earnings: Window Dressing, Creative Financial Practices and Issues Related to Quality of Disclosures in Reported Earnings 18. Financial Statement Analysis and the Tool Kit of the Analyst: I Multi-step, Horizontal,Vertical and Trend Analyses and Analytical Balance Sheet 19. Financial Statement Analysis and the Tool Kit of the Analyst: II Earning per Share (EPS) Analysis 20. Financial Statement Analysis and the Tool Kit of the Analyst: III Ratio Analysis 21. Analysis of Cash Flow Statement and Management Discussion and Analysis Report PART 6: STRATEGIC AND INTEGRATED MANAGERIAL ANALYSIS OFCORPORATE FINANCIAL STATEMENTS AND OTHER FINANCIAL REPORTS OF NESTLÉ INDIA LTD. FORMING PART OF ITS ANNUAL REPORT 22. Model for Strategic and Integrated Managerial Financial Analysis of Annual Report of Nestlé India Ltd. 23. Strategic and Integrated Managerial Financial Analysis of Nestlé India Ltd. Based on the Model PART 7: MORE ON FINANCIAL ANALYSIS 24. Innovative Techniques of Financial Statement Analysis 25. Analysis of Information from Sources Other than Annual Reports and Inter-company Comparison 26. Analysis of Group Performance: Consolidated Financial Reporting PART 8: CONTEMPORARY ISSUES IN FINANCIAL REPORTING AND ANALYSIS 27. Global Financial Reporting 28. Emerging Dimensions in Voluntary Financial Reporting: Contemporary Analytical Techniques APPENDICES