Accounting is not only the language of business but also its scorecard. It contains information about the performance, problems and prospects of an enterprise. Financial reporting and analysis is very important to a wide range of users such as investors, creditors, regulatory authorities, general public, etc. Business managers who have skills of financial analysis are able to diagnose their firms’ problems, suggest useful suggestions and anticipate the economic consequences of their actions. In order to understand financial reporting and analysis, we need a book, which can provide a comprehensive and updated discussion of the subject matter in a clear, concise and logical manner. The present text, Financial Reporting and Analysis, is an attempt to enrich students and other readers with adequate and latest knowledge about skills of financial analysis.
The book is divided into five units and covers topics such as financial reporting, conceptual framework, basic financial statements; additional disclosure statements, assets, liabilities, revenues, expenses, gains, losses, financial statements analysis, ratio analysis, expanded analysis, accounting standards and convergence with IFRSs.
Contents –
Unit I : Introduction
1. Financial Reporting : An Overview
2. Conceptual Framework
Unit II : Understanding Financial Statements
3. Understanding Financial Statements
4. Additional Disclosure Statements
Unit III : Elements of Financial Statements
5. Inventory
6. Assets
7. Liabilities
8. Revenues, Expenses, Gains and Losses
Unit IV : Analysis and Interpretation of Financial Statements
9. Financial Statement Analysis
10. Ratio Analysis
11. Expanded Analysis
Unit V : Accounting Standards in India
12. Accounting Standards
13. Convergence with IFRSs
