ABOUT THE BOOK
Accounting is one of the core sections at the Common Proficiency Test of the Institute of Chartered Accountants of India (ICAI). For the benefit of the beginners the text has been kept so simple that it does not presuppose any prior knowledge of the subject and makes learning a painless exercise.
Since the CPT consists mainly of objective type questions and problems, more such questions have been added in the second edition, apart from updating the text with the latest in the subject. Also, a new chapter has been added on Basic Accounting Terms to make basics clear. The book will also serve as a refreshing guide for business executives.
Comprehensive coverage of the Fundamentals of Accounting at the CPT.
Concise chapters each covering a specific topic in entirety.
Basic concepts at the beginning of each chapter for a better grasp over the subject.
Development of the conceptual understanding of the subject as per the CPT's requirements.
Solved problems to develop and prepare the students adequately for the examination.
Section I: Accounting Principles and Processes:
Meaning and Scope of Accounting; Accounting Principles; Basic Accounting Terms; Journalising Transactions; Ledger Posting and Trial Balance; Sub-division of Journal; Negotiable Instruments; Bank Reconciliation Statement; Matching Concept; Capital and Revenue; Final Accounts; Rectification of Errors; Accounting Concept of Income; Depreciation Accounting.
Section II: Special Accounting Problems:
Consignment Accounts; Joint Venture Accounts; Inventory Valuation; Goods on Sale or Return.
Section III: Partnership Accounts:
Fundamentals; Reconstitution of Partnership Firms-I (Admission); Reconstitution of Partnership Firms-II (Retirement, Death and Amalgamation).
Section IV: Company Accounts:
The Joint Stock Company; Shares and Share Capital; Debentures; Appendices
About The Author
S K Maheshwari
holds triple master's degrees: MBA from Bombay University, masters in Accounting and a masters in Taxation, both from Miami University (Oxford, USA). Besides, he has a doctorate in Accounting from Florida Atlantic University, USA. Presently, he is Professor, Marshall University, USA. Dr. S.K. Maheshwari has more than half a dozen books to his credit and has contributed a number of articles in the areas of Accounting and Finance with several leading national and international journals. His research interests includes executive compensation, activity based costing and interdisciplinary application both practical and theoretical. He is also involved with many community-based services. He was nominated for Who's who among American Teachers 2002'. He also bagged the coveted Summer Research Award for three consecutive years between 1999 and 2002, and the University Merit Award for teaching and research in 2000. Dr Maheshwari has also contributed his services to many corporate sector giants like Holiday Inn and Tata Consultancy Services.
S N Maheshwari
is presently Director, Delhi Institute of Advanced Studies, Delhi. He is also the Chairman, Indian Society of Accounting and Management, New Delhi. During his long and varied experience, he worked as Principal, Hindu College, University of Delhi; Professor and Dean, Faculty of Commerce and Business Management, Goa University; Director, Institute of Management Science and Productivity Research, New Delhi; Director (Academic), BLS Institute of Management, Mohan Nagar; Vice-Principal, Shri Ram College of Commerce, University of Delhi; and Principal, Staff Training College, New Bank of India, Chandigarh. Dr. S.N. Maheshwari has more than four decades of teaching experience to B.Com, BBA, M.Com, MBA, CA, CS and ICWA students. He has authored more than 50 books and a dozen articles on Accounting and Finance in leading journals.