In this edition, we have incorporated various suggestions provided by the students and the subject experts from all over the country.
After teaching financial accounting to various professional, undergraduate and postgraduate classes for the past three decades, we are convinced that there isa need for a book with balanced text and problems. Multiple-choice questions have been included at the end of each chapter to help Students test conceptual clarity. In addition, scores of unsolved problems have been provided, with guide to answers.
The authors’ self-directed learning approach provides extensive opportunities for those new to the subject to test their learning, try out questions from the main exam bodies and build-up their ability to deal with challenging problems.
Its comprehensive coverage will provide students with:a sound understanding of the conceptual framework and key concepts of accounting the ability to account for transactions up to Trial Balance and to prepare financial statements the ability to extract accounting ratios and prepare a report analyzing the statements.