Accounting Theory and Practice

ISBN Number : 978-93-5273-011-7

Student Price : Rs.740

Student Dollar Price : 30$

Library Price : Rs.1850

Library Dollar Price : 74$

Book Edition : Fourth

Year of Publication : 2023

No. Of Pages : 590

Book Weight :1068

About The Book

The book, Accounting Theory and Practice, is intended to provide students with a contemporary and comprehensive course of study in accounting theory and practice. Financial accounting and theory has been in a constant state of evolution and many developments have taken place in this vital discipline. There is also a need to develop adequate knowledge about different elements of financial statements and their recognition and measurement and emerging significant issues in the area of accounting theory and financial reporting.

The text, Accounting Theory and Practice, discusses thoroughly principal approaches in accounting theory construction; accounting postulates, concepts, and principles; elements of financial statements emerging issues of importance in accounting and reporting and reporting practices; cash flow statement.

The materials and discussion in the book have been presented in a highly organized and lucid manner and the book provides a clear and detailed analysis of the concepts, approaches, issues and developments in the area of accounting theory and practice. Thought-provoking, real-life questions and multiple choice questions have been given at the end of the chapters. The book will be very useful to M. Com., M.B.A., M. Phil and Ph.D. students of Indian Universities and Management Institutes. The book will also be useful to those who are preparing for professional accounting examinations and who wish to update their knowledge with current accounting issues and research.


Contents -

1. Accounting: An Overview
2. Accounting Postulates, Concepts and Principles
3. Accounting Theory : Formulation and Classifications
4. Income Concepts
5. Revenues, Expenses, Gains and Losses
6. Assets
7. Liabilities and Equity
8. Depreciation Accounting and Policy
9. Inventory
10. Accounting and Reporting of Intangibles
11. Accounting Standards Setting
12. Global Convergence and International Financial Reporting Standards (IFRSs)
13. Financial Reporting : An Overview
14. Conceptual Framework
15. Accounting for Cahanging Prices
16. Fair Value Measurement
17. Segment Reporting
18. Interim Reporting
19. Human Resource Accounting
20. Corporate Social Reporting
21. Value Added Reporting
22. Environmental Accounting and Reporting
23. Financial Reporting in Not-for-Profit Organizations
24. Foreign Currency Translation
25. Cash Flow Statement

About The Author

Dr. Jawahar Lal has been a Professor in Department of Commerce, Delhi School of Economics, University of Delhi. He also served as Head, Department of Commerce, and Dean, Faculty of Commerce and Business, University of Delhi. Earlier, he has taught at Shri Ram College of Commerce, University of Delhi, He possesses forty-four years of teaching and research experience. He has been associated with teaching of postgraduate commerce and management courses and imparting dissertation and thesis guidance to students of M.Phil., Ph.D., MIB, and M.H.R.O.D. Programmes.   

Dr. Lal is the member of many academic and professional bodies, is on the Editorial Board and Review Board of many reputed journals, member of Board of Studies and Research Committees of Indian Universities, member of Indian Commerce Association and Indian Accounting Association. He has been conferred with IAA Fellowship award 2007 for lifetime dedication to the Accounting Education and Research.   

Dr. Lal has contributed sixty papers in reputed journals and has presented papers in fifty national and international conferences. He has also chaired technical sessions in many conferences. He has written over a dozen reputed books. 

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