About the Book
Financial Accounting is a dynamic subject which is constantly evolving to keep pace with changes and new developments in business. This Book incorporates the refinements in the accounting concepts and practices in the earlier editions and reflects on new issues and developments in the field of accounting at the international and national levels. The original structure of the book i.e. to instruct Managers rather than Accountants remains unchanged. The inclusion of a large number of cases is an element of this design. To make the book more contemporaneous some of the cases have been replaced. However, those cases have been retained which we believe provide learning that can be described as timeless. The focus of the book is on how to use a financial statement than on how to prepare one, however to understand fully, one must know how a statement is prepared. Towards this end, we have also increased the proportion of content devoted to the mechanics of preparing financial statements. To most students Financial Accounting is daunting. The approach of this book is to enliven the subject and unveil it of the shrouds of myths and mysteries.
About the Author
S K Bhattacharyya, formerly IFCI Professor of Management at the Indian Institute of Management, Ahmedabad, frequently contributed to business and management journals in India and abroad. His publications include Workbook on Management Planning and Information Systems and Managing Business Enterprises, Strategies, Structure and Systems (co-author), Published by Vikas.John Dearden, the Krannert Professor of Business Administration at the Harvard Business School, Boston, was earlier the Financial Systems Manager of Ford Motor Company. He is world renowned in the field of costing and budgeting control.S Venkatesh, is on the faculty of Indian Institute of Management, Bangalore. He holds a doctorate from the Indian Institute of Management, Ahmedabad. He is a Chartered Accountant and also holds a degree in law. His current areas of academic interest are mainly in information and its use in decision making in a variety of contexts, both internal and external to an organization.