A contemporary book on Financial Accounting bases on International Financial Reporting Standards as well as Indian GAAP.  The discussion of the book contains accounting and financial reporting issues as per IFRSs as India has propsoed to adopt the same with effect from 1st April, 2011 and Indian corporates are preparing in that direction.

Features

• Understanding Accounting Cycle
• Preparation of IFRSs based financial statements and Indian Company Law based financial statements
• Principles of revenue recognition
• Currency Translation
• Deferred Taxation
• Recognition and measurement of Property, Pland and Equipment, Intangible Assets and Investment Property
• Business Combinations
• Group Accounts, Interests in Joint Ventures and Equity Method Accounting
• Impairment Analysis
• Lease Accounting
• Financial Statements Analysis

Case Studies

• Accounting Failures of Satyam and Exposed Public Accounting Oversight Mechanism
• Crisis of Fair Value Accounting
• Suspension of Mark to Market Rule for Long Term Foreign Currency Loan
• About The CD: CD contains Chapter-wise Solution to Selected Examples and Assignments as well as Illustrative Corporate Annual Reports