Accounting & Analysis: The Indian ExperienceInto its fourth edition, the Basic Version of 'Accounting & Analysis - The Indian Experience' covers accounting issues that are not generally covered in standard text books. It uses illustrative examples from accounts of more than 400 leading Indian companies.Recognising the need to bridge the gap between accounting concepts and the real world of accounting, the book is published for all readers who need to analyse balance sheets beyond basic ratios. It is useful for professionals and investors, to help them keep abreast of latest accounting trends. The book is equally useful for students who are pursuing higher education in areas of business management, chartered accountancy and related fields. It has been put on the list of recommended reading for CA students by the Institute of Chartered Accountants of India.The book comprises 17 chapters, including one that highlights similarities between home accounts and corporate accounts, an interesting way to help unravel the mysteries of book keeping. Other chapters cover, inter alia, the implications of capitalising expenses and reclassifying some assets as intangibles. Operating vs. Non-operating assets and income that can be attributed to each are explained in great detail. Exposure to subsidiaries and affiliates vs. a company's tangible net worth and possible over-valuation of inventories are other topics covered. The book explains how direct write-offs from reserves and classification of restructured loans as income can shore up profits.The impact of new accounting standards has been tabulated, such as deferred tax provisions, impairment of assets and expensing of ESOPs. Human resource valuation has been covered in a separate chapter, with example from accounts of well known Indian companies. |
Contents
Introduction | 1 |
What Are Company Accounts? | 5 |
Why Accounts | 15 |
Copyright | |
18 other sections not shown
Common terms and phrases
3i Infotech Accounting Standard adjusted affiliates aggregate amalgamation amortised amount analysis annual report Aptech balance sheet capital reserve Cash Accruals cash flows closing stock Company Year Ended company's crores crores Year ended cumulative current assets debt debtors deferred tax asset deferred tax liability demerged depreciation diminution in value Employee Stock Options ended March 31 equity shares ESOP fixed assets goodwill Gross Net Worth impairment loss increased India India Ltd Industries Ltd intangible assets interest inventory Investment in Subsidiaries Investment Income issued lacs loss account Mphasis notes to accounts Operating Income outstanding payable preference dividend preference shares premium account profit after tax profit and loss Profit Before Tax ratio Reliance Industries Reported Profit restructuring revaluation reserve revenue schedule selling prices share capital share premium share premium account shareholders stock valuation tangible net worth Tata Tata Motors Tax RPBT Titan Industries Total Assets Total Investment valuation value of investments