This highly acclaimed text, now in its Sixth Edition, is designed as a first-level course in MBA and professional programmes. It explains how to prepare, analyze, and interpret financial statements. NEW TO THIS EDITION, • Chapters: Chapter 7 Financial Assets, Chapter 9 Operating Liabilities, Chapter 10 Financial Liabilities, and Chapter 15 Earnings Analysis and Qualitative Information. • Topics: Accounting fraud and red flags, cash flow ratios, economic value added, foreign currency accounting, and joint arrangements. • Expanded coverage: Earnings quality, earnings management, and pro forma measures. • Standards: IFRS, Ind AS and Indian GAAP comparisons for key items in financial statements. • Real-world cases: Amazon, Lanco, National Spot Exchange, Olympus, Suzlon, Valeant Pharmaceuticals, and TCS, Toshiba. • Interview: Professor Suraj Srinivasan, Harvard Business School. • Pedagogical features: Application, Discussion Question, Forensic Corner, Ladder, One-minute Quiz, Quick Question, Real World, and Speed Read. • Examples: New examples in Chapter Vignette, Earnings Quality Analysis, and Financial View. • New Material and Revision: Additional and revised text and figures in almost all chapters. Preface • Acknowledgements
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About the Author
R. NARAYANASWAMY (PhD, UNSW, Sydney) is Professor of Finance and Control at Indian Institute of Management Bangalore. He was a Visiting Fellow at Manchester Business School and Osaka University. He is a Chartered Accountant, Cost Accountant and Company Secretary and holds the ICAI’s Diploma in Management Accountancy. He has published in national and international journals, including Accounting Horizons, The British Accounting Review, The International Journal of Accounting, Journal of Accounting, Auditing and Finance, The Journal of International Financial Management and Accounting, Research in Accounting Regulation and Accountancy. He contributed a chapter on India in Globalisation of Accounting Standards published by Edward Elgar Publishing, UK., He has served on the board and audit committee of Indian Railway Finance Corporation Limited and Bank of Baroda and on the ICAI’s Accounting Standards Board and the Auditing and Assurance Standards Board. Business Today named him among the best business school professors.
Table of ContentsPart One: THE BASICS OF FINANCIAL STATEMENTS 1. Business and Accounting Basics 2. Financial Statements 3. Transaction Processing 4. Measuring Income Part Two: MEASURING AND REPORTING ASSETS, LIABILITIES, AND EQUITY 5. Inventories 6. Long-lived Assets 7. Financial Assets 8. Operating Investments 9. Operating Liabilities 10. Financial Liabilities 11. Equity INTERVIEW WITH MR. P.R. RAMESH, DELOITTE INDIA Part Three: ANALYZING AND INTERPRETING FINANCIAL STATEMENTS 12. Balance Sheet and Statement of Profit and Loss 13. Statement of Cash Flows 14. Financial Statements of Banks 15. Earnings Analysis and Qualitative Information INTERVIEW WITH PROFESSOR SURAJ SRINIVASAN, HARVARD BUSINESS SCHOOL