a comprehensive textbook on accounting for different types of corporate bodies in tune with the growing importance and accounting complexities of the corporate form of business organization. The book is divided into three convenient sections, each comprising independent chapters dealing with a particular aspect of corporate accounting. The book deals exhaustively with the course-content requirements of students preparing for B.Com., M.Com., MBA and professional examinations conducted by different institutions including the Institute of Chartered Accountants of India (ICAI), the Indian Institute of Bankers (IIB), the Institute of Company Secretaries of India (ICSI) and the Institute of Cost & Works Accountants of India (ICWAI). This Fifth Edition has certain additional features besides maintaining the positive features of the fourth edition, viz., simplicity of style, exhaustive text with plenty of illustrative material as well as questions and problems for self-study.

Section I - Introductory
Shares and Share Capital
Debentures
Company Statutory Records
Company Final Accounts
Valuation of Goodwill and Shares
Acquisition of Business and Profit Prior to Incorporation
Internal Reconstruction
External Reconstruction, Amalgamation and Absorption
Company Liquidation Accounts
Financial Reporting for Financial Institutions
Accounting for Financial Instruments, Section II - Insurance Companies Accounts
Banking Companies Accounts
Double Account System
Holding Companies
Hotel Companies Accounts
Accounts of Government Companies and Statutory Corporates, Section III - Management Accounting: Nature and Scope
Financial Statements: Analysis and Interpretation
Funds Flow Statement
Cash Flow Statement
Accounting for Price Level Changes
Valuation of Assets
Human Resource Accounting
Social Cost Benefit Analysis
Recent Developments in Accounting