Includes index.

The book presents the subject matter in a lucid and readable style so that students will be able to understand and appreciate the otherwise difficult and complicated subject. Twenty-five solved illustrations have been included to illustrate and reinforce the understanding of the relevant reporting principles. Key aspects of financial reporting have been discussed in a logical sequence. Very strong analytical perspective – how to use financial reporting information as a manager and as an analyst. More than 150 unsolved problems and nearly 50 assignment questions at the chapter end to encourage the students to test their understanding. The book is well illustrated with diagram & tables. Reporting requirements under the Companies Act, 2013 including Schedule III of the Act have been covered. In view of convergences of Indian accounting standards with IFRS, suitable reference has been drawn in each chapter to the new accounting standards (Ind AS) announced by the Ministry of Corporate Affairs. Emerging issues in financial reporting, viz. accounting for e-commerce, integrated reporting and value added statements have been suitably covered