This highly acclaimed text, now in its Sixth Edition, is designed as a first-level course offered in business schools, universities, and professional programmes. It explains how to prepare, analyze, and interpret financial statements.

Its distinctive features include the following:

• Developing the accounting model from the basics of business.
• Stress on the why of accounting rather than the how of bookkeeping.
• Emphasis on financial analysis from the beginning.
• Attention to accounting regulations and legal requirements.
• Problems and cases that strengthen conceptual foundation and encourage critical thinking.

Anyone who follows plain English and knows basic math (+, –, ×, ÷) can read this book.

NEW TO SIXTH EDITION

• Chapters:
  • Chapter 7 on Financial Assets
  • Chapter 9 on Operating Liabilities
  • Chapter 10 on Financial Liabilities
  • Chapter 15 on Earnings Analysis and Qualitative Information

• Topics: Accounting fraud and red flags, cash flow ratios, economic value added, foreign currency accounting, and joint arrangements.
• Expanded coverage: Earnings quality, earnings management, and pro forma measures.
• Standards: IFRS, Ind AS, and Indian GAAP comparisons for key items in financial statements.
• Real-world cases: Amazon, Lanco, National Spot Exchange, Olympus, Suzlon, Valeant Pharmaceuticals, TCS, and Toshiba.
• Interview: Professor Suraj Srinivasan, Harvard Business School.
• Pedagogical features: Application, Discussion Question, Forensic Corner, Ladder, One-minute Quiz, Quick Question, Real World, and Speed Read.
• Examples: New examples in Chapter Vignette, Earnings Quality Analysis, and Financial View.
• New Material and Revision: Additional and revised text and figures in almost all chapters.

Student Resources

Interactive Study Guide available at www.phindia.com/narayanaswamy6e provides valuable support.

Instructor Resources

Instructor’s Manual is available to adopting instructors from the publisher.

Google Preview: https://bit.ly/3vuKMaB