Introduction to Financial Accounting, 11e, focuses upon the most widely accepted accounting theory and practice with an emphasis on using and analysing 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.

Accounting: the language of business -- Measuring income to assess performance -- Recording transactions -- Accrual accounting and financial statements -- Statement of cash flows -- Accounting for sales -- Inventories and cost of goods sold -- Long-lived assets and depreciation -- Liabilities and interest -- Stockholders? equity -- Intercorporate investments and consolidations -- Financial statement analysis.