The book, now in its Second Edition, gives a clear and in-depth analysis of financial statements and provides a harmonious blend of concepts and practices as followed by Indian companies.

In this edition, the new format for income statement prescribed in Part II of Schedule VI of the Companies Act, 1956 has been incorporated. Implications of these changes on the analysis and interpretation of the statement have also been discussed.

This textbook is primarily intended for undergraduate and postgraduate students of Commerce and Management. In addition, the book will be immensely useful to financial analysts, bank managers for credit analysis, professional accountants and business executives.

1. INTRODUCTION

2. TECHNIQUES OF FINANCIAL STATEMENT ANALYSIS

3. RATIO ANALYSIS

4. FUND FLOW STATEMENT ANALYSIS

Part I. Preparing Fund Flow Statement

Part II. Analysing Fund Flow Statement

5. CASH FLOW STATEMENT ANALYSIS

Part I. Concepts and Preparation of Cash Flow Statement

Part II. Analysing Cash Flow Statement

6. INCOME STATEMENT ANALYSIS

7. DISTRESS ANALYSIS

8. LIMITATIONS OF FINANCIAL STATEMENT ANALYSIS