Basic Financial Accounting

ISBN Number : 978-93-5142-788-9

Student Price : Rs.525

Student Dollar Price : 21$

Book Edition : First

Year of Publication : 2014

No. Of Pages : 428

Book Weight :0

About The Book

It is my immense pleasure to present to the readers and students the new edition of the book "Basic Financial Accounting".

The book discusses the principles, practices and uses of accounting in making business decisions. It is oriented towards providing useful and adequate knowledge in the Financial Accounting. It is obvious that if one understands how accounting information is prepared and presented, he can take appropriate decisions based on accounting information. Since the accounting information is used in business decisions, accountants have an important role in all aspects of management through supplying useful information to managers. Due to this, there is a need to develop utmost coordination between the managers and accountants and increase understanding between them about their respective functions and responsibilities. Managers of Indian companies need to make business decisions with sound familiarity and understanding of use of accounting information.

The book presents a comprehensive coverage of important topics in Financial Accounting in a clear, concise and logical manner. The book is intended primarily for those who are pursuing management and business courses in Indian Universities and Management Institutes and need to possess requisite accounting knowledge. The text does not assume a prior knowledge or understanding of accounting discipline.


Contents :

1. Financial and Management Accounting: an Overview
2. Accounting Postulates, Concepts and Principles
3. Accounting Equation and Transaction Analysis
4. Accounting Mechanics-I: Journals
5. Cash Book and Subsidiary Books
6. Accounting Mechanics-Ii: Ledger Posting And Trial Balance
7. Bank Reconciliation Statement
8. Errors and Their Rectification
9. Preparation of Financial Statements: Profit And Loss Account and Balance Sheet
10. Depreciation Accounting
11. Inventory Valuation
12. Statement Of Changes In Financial Position (SCFP)
13. Cash Flow Statement
14. Financial Statement Analysis
15. Company's A/Cs – Schedule VI Latest Amendments
16. Bills Of Exchange

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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