The second edition of Financial Accounting for Management is a comprehensive textbook designed to meet the syllabi requirements of management students. The text has been restructured to include several new topics, examples, cases, exercises, and one new chapter.

The book discusses all major accounting topics such as the basics of financial accounting, balance sheet, income statement, accounting for business transactions, inventory valuation, bank reconciliation, preparation of financial statements, interpretation of financial statements, and cash flow statements. Other important areas such as the legal framework for accounting, company accounts, foreign exchange accounting, and the latest issues in accounting including the International Financial Reporting Standards (IFRS) have also been discussed.

PART I ACCOUNTING FUNDAMENTALS
Chapter 1. Basic Understanding of Accounting
Chapter 2. Balance Sheet
Chapter 3. Income Statement
PART II RECOGNITION AND TYPES OF TRANSACTIONS
Chapter 4. Objectively Verifiable Evidence
Chapter 5. Revenue and Expense Recognition
Chapter 6. Accounting for Business Transactions
Chapter 7. Fixed Assets and Depreciation
Chapter 8. Inventory Valuation
Chapter 9. Average Due Date, Account Current, and Negotiable Instruments
PART III PREPARATION OF FINANCIAL STATEMENTS
Chapter 10. Bank Reconciliation Statement
Chapter 11. Preparation of Financial Statements
Chapter 12. Accounting from Incomplete Records
PART IV ANALYTICAL ACCOUNTING
Chapter 13. Statements Analysis and Interpretation of Financial
Chapter 14. Cash Flow Statement
PART V SPECIAL TOPICS
Chapter 15. Legal and Regulatory Framework of Accounting and Auditing
Chapter 16. Company Accounts
Chapter 17. Foreign Exchange Accounting
Chapter 18. Contemporary Accounting