Authors : S K Bhattacharyya, S Venkatesh & John Dearden
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About the Author
S K Bhattacharyya :-
S K Bhattacharyya, formerly IFCI Professor of Management at the Indian Institute of Management, Ahmedabad, frequently contributed to business and management journals in India and abroad. His publications include Workbook on Management Planning and Information Systems and Managing Business Enterprises, Strategies, Structure and Systems (co-author), Published by Vikas.
S Venkatesh :-
S Venkatesh, is on the faculty of Indian Institute of Management, Bangalore. He holds a doctorate from the Indian Institute of Management, Ahmedabad. He is a Chartered Accountant and also holds a degree in law. His current areas of academic interest are mainly in information and its use in decision making in a variety of contexts, both internal and external to an organization.
John Dearden :-
John Dearden, the Krannert Professor of Business Administration at the Harvard Business School, Boston, was earlier the Financial Systems Manager of Ford Motor Company. He is world renowned in the field of costing and budgeting control.
About the Book
This book incorporates the refinements in the accounting concepts and practices and reflects on new issues and developments in the field of accounting at the international and national levels. The original structure of the book, i.e. to instruct managers rather than accountants, remains unchanged. The inclusion of a large number of cases is an element of this design. To make the book more contemporaneous some of the cases have been replaced. However, those cases have been retained which we believe provide learning that can be described as timeless. The focus of the book is on how to use a financial statement than on how to prepare one. However to understand fully, one must know how a statement is prepared. Towards this end, the authors have also increased the proportion of content devoted to the mechanics of preparing financial statements.
• The hallmark feature of the book is its 28 cases, most of which have been taken from GSBA-Harvard University, IIM-Ahmedabad and IIM-Bangalore, which provide the contextual setting to the book.
• A conscious attempt has been made to inculcate accounting as the "language" of business among the students and "understanding" financial data among professionals and practitioners.
• Keeping the needs of the students and practitioners alike, the managerial aspects of accounting have been given paramount importance but at the same time it deals with mechanics of preparing financial statements.
Table of Content
1. Introduction to Managerial Accounting, 2. The Balance Sheet and Related Concepts, 3. The Profit and Loss Account and Related Concepts, 4. Accounting Mechanics: Basic Records, 5. Accounting Mechanics: Preparation of Financial Statements, 6. Revenue Recognition and Management, 7. Matching of Revenues and Expenses: Inventory Pricing and Valuation, 8. Fixed Assets and Depreciation Accounting, 9. Intangible Assets, 10. Foreign Currency Accounting, 11. Regulatory Framework of Financial Reporting in India, 12. Analysis of Financial Ratios, 13. Analysis of Cash Flow Statements