Financial Accounting: A Dynamic Approach

Intended primarily as a text for the undergraduate students of commerce, this book gives a comprehensive and indepth analysis of the concepts and principles underlying financial accounting. It also introduces the student to the tools and techniques essential for tackling real-life problems. The text discusses in detail final accounts, branch accounting, hire-purchase and instalment sales, partnership accounts, stock valuations, as well as other company accounts.

The book would be of considerable help to the readers in preparing financial statements and would equip them with the necessary knowledge in understanding the financial performance and the financial position of an organization and communicate these to its stakeholders. Besides students of commerce, those appearing for various professional examinations such as CA and ICWA foundation courses should find this student-friendly and accessible book extremely useful.

KEY FEATURES • Gives 300 worked-out key problems to illustrate the concepts. • Provides numerical problems — which total over 750 in the book — at the end of every chapter. These are given in a graded manner to drill the students in self-study. • Provides appropriate hints/notes for all the important problems so that students can solve these problems independently. • Contains more than 1000 objective-type and short-answer-type questions with their answers to ascertain the readers’ understanding of the concepts. • Incorporates the emerging trends in various company accounts and their applications.