Description: Financial Accounting for Management 3e is intended for the 1st semester students of MBA. With its application-oriented approach including examples using the three columnar ledger account format, the book will be useful for students and professionals, both.
The book is divided into 20 chapters and 5 parts. Part I on Fundamentals of Accounting discusses the modern approach of accounting, balance sheet and income statement. Part II on Recognition and Types of Transactions covers revenue and expense recognition, non-current & current assets, capital & liabilities. Part III on Preparation of Financial Statements discusses bank reconciliation, financial statements preparation and accounting from incomplete records. Part IV on Analytical Accounting covers average due date, account current and negotiable instruments and cash flow statements. Part V on Special Topics includes Foreign Exchange Accounting, Regulatory Framework on Accounting and Reporting and Contemporary Accounting.