Description
PHI Financial Accounting A Managerial Perspective 7th Edition by NARAYANASWAMY R
This highly acclaimed text, now in its seventh edition, is designed for a first-level course in MBA and professional programmes. It explains how to prepare, analyze, and interpret financial statements.
NEW TO THE EDITION
Topics: ESG, fraud analytics, fraud triangle and analysis of the statement of cash flows of Dr. Reddy's Laboratories.
Major revisions: Revenue recognition, lease accounting and employee benefits.
Expanded coverage: Fraud, earnings quality, earnings management, pro forma measures and short-sellers.
Real-world cases: Autonomy, Coffee Day, Cox & Kings, EIH, General Electric Company, Indian Oil, Indian Overseas Bank, Mahindra & Mahindra, McNally Bharat, Noble Group, Punjab National Bank, Reliance Jio Infocomm, Sun Pharma, Tesco, Tesla, Theranos , Wirecard, Yes Bank, Zee Entertainment and Zomato.
Pedagogical features: Technology in accounting and impact of Covid-19 on reporting.
Examples: New examples in Application, Chapter Vignette, Earnings Quality Analysis, Financial View, and Real World.
LEARNING RESOURCES
Interactive Study Guide available at https://www.phindia.com/narayanaswamy_financial_accounting has solution templates, self-test questions, key ideas, and chapter review slides.
Contents:
Preface • Acknowledgements
Introduction
Interview with Mr. N.R. Narayana Murthy, Infosys Limited
Part 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
Appendix A: Indian Accounting Standards (Ind AS) and International Financial Reporting Standards and International Accounting Standards (IFRS/IAS)
Appendix B: Dr. Reddy's Laboratories Limited Consolidated Financial Statements
Appendix C: Time Value of Money
Appendix D: Summary of Formulas
Answer Hints for Selected Problems • Index
About the Author:
R. NARAYANASWAMY (PhD, UNSW, Sydney) was Professor of Finance and Accounting for nearly 35 years at the Indian Institute of Management Bangalore. He was a Visiting Fellow at Manchester Business School and Osaka University. He has passed the Chartered Accountants, Cost Accountants, and Company Secretaries examinations and holds the ICAI's Diploma in Management Accountancy.
Prof. Narayanaswamy has published in national and international journals, including Accounting Horizons, The British Accounting, Journal of Accounting, Auditing and Finance, The Journal of International Financial Management and Accounting, Research in Accounting Regulation, The International Journal of Accounting, and Accountancy. He contributed a chapter on India in Globalisation of Accounting Standards published by Edward Elgar Publishing, UK.
He has served on the boards and audit committees of Indian Railway Finance Corporation Limited and Bank of Baroda and on the ICAI's Accounting Standards Board and the Auditing Standards Board. He was Chair, Committee on Valuation Matters, and Member, Committee Experts to Examine the Need for an Institutional Framework for Regulation and Development of Valuation Professionals, both of the Ministry of Corporate Affairs. He is Chair, Technical Advisory Committee, National Financial Reporting Authority. He has presented his views to the Standing Committee on Finance of Parliament on accounting and auditing regulation.
Business Today named him among the best business school professors.