Accounting For Business Decisions And International Financial Reporting Standards (IFRS)

ISBN Number : 978-93-5202-356-1

Student Price : Rs.98

Student Dollar Price : 4$

Book Edition : First

Year of Publication : 2015

No. Of Pages : 90

About The Book

After liberalization of economy, accounting for business decisions needs the use of an international financial reporting system, which would be uniform and trustworthy for exporter and importers of different countries. Business decisions are required to be taken, by using the accounting informations.

There is worldwide competition and need for maintenance of quality in product and services which requires use of Cost Accounting in the decision making process. The present market witnessed a number of changes where, competition not only tests but also exposes the strengths and weaknesses of industrial enterprises. The ability of a company to offer its products at a comparatively LOWER PRICE depends upon its ability to exercise maximum control over its costs. This book covers 3 important aspects, viz., Cost ascertainment, Cost control and Cost analysis for managerial decisions. The book covers the syllabi of Bangalore University. I have endeavoured my best to cover theoretical as well as practical aspects of accounting, which I hope the readers and students would appreciate.


Contents -

Chapter 1. Marginal Costing
Chapter 2. Standard Costing
Chapter 3. Budgetary Control
Chapter 4. International Financial Reporting Standards (IFRS)
Chapter 5. Corporate Financial Reporting
Chapter 6. Skill Development

About The Author

Shri O.P. Agarwal, post graduate in Commerce from the Vikram University, Ujjain in the year 1964 and obtained Bachelor`s Degree in Laws in 1971 from the Indore University (Madhya Pradesh). He has been a distinguished scholar since he passed the M.P. Higher Secondary Board, Bhopal examination in the first rank in the year 1959. While B.Com. was passed in the 7th rank in the year 1962. After obtaining educational qualifications, he joined Bank of Maharashtra in July 1971, and obtained the international Diploma in Banking from London (England) and became associate C.A.I.B. (London). He served the nationalised bank for 35 years and acquired the skill in banking rules and regulations, customer satisfaction and service, efficient administration of the branches and corporate services department at the central office of the bank.

He pioneered for perfect implementation of extensive quality work to the customers and colleges. He has been branch managers for 11 years, 4 years at regional and central office along with 7 years as Faculty in Bank of Maharashtra - Staff Training Centre, New Delhi.

All above practical experience, enabled him to put experience and research into book-form by writing books, for all bank employees for their better future and elevation, for subjects like internal promotion, C.A.I.I.B. and computer operation (in Hindi language) as early as in years between 1991 to 1994. After retirement from bank services, he had desired and wished to spread and share his knowledge and experience with new generation, who were aspiring for services in banking, business management, insurance and foreign exchange areas. Since 2005, he has to his credit - writing of over 50 books on subjects like Foreign Exchange, Banking and Finance, Banking and Insurance, Security Analysis and Investment Management, Financial Markets and Services, J.A.I.I.B. and C.A.I.I.B. reference books in multiple choice questions, in Hindi and English languages. Professional bankers and serving bankers should also get the opportunity for updating the development in banking and finance subjects. He has written books, viz., Modern Banking of India, Credit Appraisal (in Hindi), Banks` Interview, How to Face Bank Interviews? (in Hindi), Quantitative and Financial Decision Analysis, Retail Banking, International Financial Management and Practical Letters Writing (in Hindi) for the benefit of entire fraternity. Writing of books is a passion for Mr. Agarwal.

He has been Guest Faculty since the year 2001 to date for various bank`s staff training colleges in Mumbai as well as for the largest and the first asset reconstruction company ARCIL, CBD Belapur, New Mumbai for their officers` training programmes.

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