Introduction to financial accounting

Table of Content
Chapter 1 Accounting: The Language of Business
Chapter 2 Measuring Income to Assess Performance
The Portfolio P1
Chapter 3 Recording Transactions
Chapter 4 Accrual Accounting and Financial Statements
Chapter 5 Statement of Cash Flows
Chapter 6 Accounting for Sales
Chapter 7 Inventories and Cost of Goods Sold
Chapter 8 Long-Lived Assets
Chapter 9 Liabilities and Interest
Chapter 10 Stockholders' Equity
Chapter 11 Intercorporate Investments and Consolidations
Chapter 12 Financial Statement Analysis

Introduction to Financial Accounting, 11e, focuses upon the most widely accepted accounting theory and

practice with an emphasis on using and analyzing the information in financial statements. This adaptation

title describes the underlying concepts of accounting and several accounting procedures such as transaction

analysis, journalizing, and posting based on the Indian context.

The book deals with important topics that all managers should know and all business management students

should study, and is oriented not only to the user of financial statements but also potential accounting

practitioners. The ultimate objective of this adaptation title is to help in the understanding of financial

position and prospects, which is achieved by a focus on the balance sheet equation.