Section-1: Accounting Principles and Processes: 1. Meaning and Scope of Accounting, 2. Accounting Principles, 3. Basic Accounting Terms, 4. Journalising Transactions, 5. Ledger Posting and Trial Balance, 6. Sub-Division of Journal, 7. Negotiable Instruments, 8. Final Accounts, 9. Rectification of Errors, 10. Depreciation, Provisions and Reserves, 11. Inventory Valuation, Section-2: Cost and Management Accounting: 1. Management Accounting: Nature and Scope, 2. Cost Accounting: Meaning and Scope, 3. Basic Cost Concepts, 4. Human Resource Accounting, 5. Innovative Concepts, 6. Activity Based Costing, Section-3: Financial Analysis: 1. Financial Statements: Analysis and Interpretation, 2. Funds Flow Statement, 3. Cash Flow Statement, 4. Leverages, Section-4: Planning and Control: 1. Budgetary Control, 2. Standard Costing, 3. Variance Analysis, 4. Marginal Costing and Profit Planning, 5. Decisions involving Alternative Choices, 6. Pricing Decisions, Section-5: Case Problems with Solution • Appendices: Revised Schedule III • Index
• Updated position regarding, IFRSs and steps for their convergence in India.
• Two new chapters, namely: ';Activity Based Costing' and ';Leverages' have been added respectively in Section II and Section III of the book.
• Schedule III regarding presentation of financial statements as per the Companies Act, 2013 has been incorporated as an Appendix to the book.