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

Part One: THE BASICS OF FINANCIAL STATEMENTS

1. Business and Accounting Basics

2. Financial Statements

3. Transaction Processing

4. Measuring Income

Part Two: MEASURING AND REPORTING ASSETS, LIABILITIES, AND EQUITY

5. Inventories

6. Long-lived Assets

7. Financial Assets

8. Operating Investments

9. Operating Liabilities

10. Financial Liabilities

11. Equity INTERVIEW WITH MR. P.R. RAMESH, DELOITTE INDIA

Part Three: ANALYZING AND INTERPRETING FINANCIAL STATEMENTS

12. Balance Sheet and Statement of Profit and Loss

13. Statement of Cash Flows

14. Financial Statements of Banks

15. Earnings Analysis and Qualitative Information INTERVIEW WITH PROFESSOR SURAJ SRINIVASAN, HARVARD BUSINESS SCHOOL