A Managerial Perspective
This highly acclaimed text, now in its Sixth Edition, is designed as a first-level course offered in business schools, universities, and professional programmes. It explains how to prepare, analyze, and interpret financial statements.
Its distinctive features include the following:
Developing the accounting model from the basics of business.
Stress on the why of accounting rather than the how of bookkeeping.
Emphasis on financial analysis from the beginning.
Attention to accounting regulations and legal requirements.
Problems and cases that strengthen conceptual foundation and encourage critical thinking.
Anyone who follows plain English and knows basic math (+, –, ×, ÷) can read this book.
NEW TO SIXTH EDITION
Chapters:
Chapter 7 on Financial Assets
Chapter 9 on Operating Liabilities
Chapter 10 on Financial Liabilities
Chapter 15 on 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, TCS, and 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.
Student Resources
Interactive Study Guide available at www.phindia.com/narayanaswamy6e provides valuable support.
Instructor Resources
Instructor’s Manual is available to adopting instructors from the publisher.
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