Description
John Wiley Financial Accounting: Fundamentals, Analysis And Reporting by R K Arora
The book Financial Accounting – Fundamentals, Analysis and Reporting takes the students through the subject matter of Financial Accounting in a step-wise manner. Chapter 1 provides the basics of accounting and its uses. Chapters 2 and 3 introduce the financial statements prepared by business enterprises. Chapters 4 to 9 and Chapter 11 then explain the detailed process of preparing simple and intricate financial statements of both non-corporate and corporate entities, including banking companies. After this, the analysis of the financial statements from the perspective of managerial decision making is explained in Chapter 12. Apart from accounting fundamentals and analysis of financial statements, the book lays great stress on corporate financial reporting. Chapter 10 describes in detail the various disclosures that companies need to make in their annual reports. Chapter 13 describes the currently applicable financial reporting standards that companies need to comply with.