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020			_a9789357461115
082			_a657 _bBAT
100			_aBatra, Jai Kumar _918563
245			_aAccounting and finance for non - finance managers
260			_bWiley India Pvt. Ltd. _aNew Delhi _c2023
300			_axxxvii, 1062 p.
365			_aINR _b1149.00
500			_aTable of content: Preface Acknowledgements About the Author Part A: Financial Accounting 1. Overview of Business and Accounting 1.1 Types of Business 1.2 Selection of Appropriate Form of Business 1.3 Forms of Business Organisations 1.4 Structuring of Cross-border Business 1.5 Bookkeeping Introduction 1.6 Origin and Growth of Accounting 1.7 Meaning of Accounting 1.8 Functions of Accounting 1.9 Users of Accounting Information 1.10 Branches of Accounting 1.11 Approaches of Accounting 1.12 Systems of Accounting 1.13 Methods of Accounting 1.14 Process of Accounting 1.15 Limitations of Financial Accounting 2. Basic Terminology and Source Documents of Accounting 2.1 Transactions 2.2 Ownership of the Business 2.3 Capital 2.4 Assets 2.5 Liabilities 2.6 Drawings 2.7 Debtors 2.8 Creditors 2.9 Bills Receivable 2.10 Bills Payable 2.11 Purchases 2.12 Purchase Returns or Returns Outward 2.13 Sales 2.14 Sales Returns or Returns Inward 2.15 Trade Discount 2.16 Cash Discount 2.17 Stock 2.18 Income 2.19 Invoice 2.20 Receipt 2.21 Source Documents 3. Conceptual Framework for Financial Reporting 3.1 Financial Reporting Conceptual Framework 3.2 Characteristics of Accounting Information 3.3 Characteristics of Accounting Principles 3.4 Classification of Accounting Principles 4. Theory Base of Financial Reporting: Accounting Standards 4.1 Accounting Standards 4.2 Development of Accounting Standards 4.3 Accounting Standards in India 4.4 The International Financial Reporting Standards 4.5 US Generally Accepted Accounting Principles 4.6 Extensible Business Reporting Language 5. Scope of Accounting and Its Relationship with Other Disciplines 5.1 Role of Ethics in Accounting Profession 5.2 Corporate Governance 5.3 Corporate Social Responsibility (CSR) 5.4 Relationship of Accounting with Other Disciplines 5.5 Direct Taxes 5.6 Indirect Taxation 5.7 Accounting in Financial Management 6. Primary Books of Accounts 6.1 Journal 6.2 Classification of Entries 6.3 Ledger 6.4 Journal versus Ledger 6.5 Account 6.6 Balancing an Account 7. Subsidiary Books of Accounts 7.1 Advantages of Subsidiary Books 7.2 Types of Subsidiary Books 7.3 Introduction of Cash Book 7.4 Goods Book 7.5 Bills Book 7.6 Journal Proper 8. Depreciation Accounting 8.1 Meaning of Depreciation 8.2 Causes of Depreciation 8.3 Depreciation and Accounting Concepts 8.4 Appreciation in the Value of Fixed Asset 8.5 Consequence of Wrong Depreciation 8.6 Importance of Charging Depreciation 8.7 Recording Methods of Depreciation in the Books of Accounts 8.8 Methods of Calculation of Depreciation 8.9 Change in the Method of Depreciation 8.10 Depreciation of Assets Under The Companies Act, 2013 9. Inventory Valuation 9.1 Classification of Inventory 9.2 Need for Inventory 9.3 Objectives of Inventory Valuation 9.4 Components of Inventory Valuation 9.5 Receipt and Issue of Materials—Documentation 9.6 Records in Stores 9.7 Method for Valuing Issues 9.8 Valuation of Inventory 9.9 Methods of Pricing Material Issues 9.10 Inventory Systems 9.11 Valuation of Inventory for Balance Sheet Purposes 10. Trial Balance, Errors’ Rectification, Bank Reconciliation, and Reserves and Provisions 10.1 Preparation of a Trial Balance 10.2 Limitations of Trial Balance 10.3 Accounting Errors 10.4 Rectification of Errors 10.5 Bank Reconciliation Statement 10.6 Provisions 10.7 Reserves 10.8 Difference Between Provisions and Reserves 10.9 Revenue Reserve and Capital Reserve 11. Preparation of Financial Statements of a Sole Trader 11.1 Objectives of Financial Statements 11.2 The Trading Account 11.3 The Profit and Loss Account 11.4 Operating Profit (EBIT) 11.5 The Balance Sheet 11.6 Final Accounts with Adjustments 12. Understanding Financial Statements of a Company 12.1 Final Accounts of Company 12.2 Form and Content of Balance Sheet 12.3 Preparation of Final Accounts as per Revised Schedule 12.4 Features of Schedule III 12.5 Shareholders’ Fund 12.6 Borrowings 12.7 Non-current Liabilities 12.8 Current Liabilities 12.9 Non-Current Assets 12.10 Current Assets 12.11 Contingent Liabilities 12.12 Commitments 12.13 Profit and Loss Statement 12.14 Form and Content of Statement of Profit and Loss 12.15 Some Specific Adjustments in Preparation of Financial Statements 12.16 Dividend 12.17 Reserve and Surplus 12.18 Managerial Remuneration 12.19 Provision for Taxation 12.20 Books of Accounts of a Company 12.21 Statutory Books of Account 12.22 Statistical Books 12.23 Compulsory Maintenance of Books 12.24 Prescribed Books of Accounts in Section 44AA 12.25 Auditing 12.26 Other New Provisions Under the 2013 Act Part B: Cost And Management Accounting 13. Cost Accounting: An Overview—Concept, Classification and Analysis 13.1 Limitations of Financial Accounting from a Cost Accounting Perspective 13.2 Origin and Development of Cost Accounting 13.3 Meaning of Cost Accounting 13.4 Cost 13.5 Costing 13.6 Definition of Cost Accounting 13.7 Cost Accountancy 13.8 Scope of Cost Accounting 13.9 Installation of Cost Accounting System 13.10 Characteristics of a Good System of Cost Accounting 13.11 Limitations of Cost Accounting 13.12 Methods of Costing 13.13 Techniques of Costing 13.14 Cost Classification 13.15 Cost Classification to Meet Changing Circumstances 13.16 Cost Coding 13.17 Components of Total Cost 13.18 Expenses Excluded from Cost Accounts 13.19 Incomes Excluded from Cost Accounts 13.20 Cost Selection and Reporting 13.21 Cost Accounting Standards 13.22 Cost Audit 13.23 Role of Cost Accountant 14. Cost Elements: Material, Labour and Overheads 14.1 Scope of Inventory Control 14.2 Techniques of Inventory Control 14.3 Introduction of Labour 14.4 Idle Time 14.5 Overtime 14.6 Labour Turnover 14.7 System of Wage Payment and Incentive Schemes 14.8 Time and Piece-rate System 14.9 Deductions from Gross Remuneration of Employee 14.10 Labour Performance Ratios 14.11 Overheads 14.12 Allocation vs. Apportionment 14.13 Basis of Apportionment 14.14 Reapportionment/Secondary Distribution 14.15 Methods of Reapportionment or Secondary Distribution 15. Management Accounting: An Overview Introduction 15.1 Definition of Management Accounting 15.2 Emergence of Management Accounting 15.3 Systems of Management Accounting 15.4 Characteristics of Management Accounting 15.5 Objectives of Management Accounting 15.6 Difference Between Management Accounting and Cost Accounting 15.7 Difference Between Management Accounting and Financial Accounting 15.8 Functions of Management Accounting 15.9 Scope of Management Accounting 15.10 Limitations of Management Accounting 15.11 The Management Accountant 15.12 Responsibility Accounting 15.13 Responsibility Centres 15.14 Divisional Performance 15.15 Financial Methods for Evaluation of Divisional Performance 15.16 Cost Control and Cost Reduction 15.17 Activity-based Costing (ABC) 15.18 Backflush Costing 15.19 Target Costing 15.20 Life Cycle Costing 15.21 Kaizen Costing 15.22 Business Process Re-engineering (BPR) 15.23 Total Quality Management 15.24 Total Cost Management 15.25 Social Accounting and Audit 16. Budgeting and Budgetary Control 16.1 Concept of Budgeting 16.2 Concept of Budgetary Control 16.3 Budgeting and Forecasting 16.4 Budget Manual 16.5 Budget Period 16.6 Advantages of Budgetary Control 16.7 Limitations of Budgetary Control 16.8 Classification of Budgets 16.9 Planning, Programming and Budgeting System 17. Standard Costing and Variance Analysis Introduction 17.1 Characteristics of Standard Costing 17.2 Standard Costs 17.3 Standard Costing System 17.4 Advantages of a Standard Costing System 17.5 Standard Costing Process 17.6 Variance Analysis 17.7 Limitations of Standard Costing and Variance Analysis 17.8 Standard Costing System and Budgetary Control 17.9 Types of Variances 17.10 Reporting of Variances 18. Marginal Costing Analysis and Decision-making 18.1 Absorption Costing 18.2 Marginal Costing 18.3 Direct Costing 18.4 Differential Cost 18.5 Incremental Cost 18.6 Contribution 18.7 Key Factor 18.8 Difference Between Marginal Costing and Absorption Costing 18.9 Difference between Direct Costing and Marginal Costing 18.10 Difference between Differential Costing and Marginal Costing 18.11 Cost–Volume Profit Analysis 18.12 Assumption of CVP Analysis 18.13 Impact of Various Changes on Profit 18.14 Marginal Cost Equation 18.15 Profit–Volume Ratio 18.16 Break-even Analysis 18.17 Cash Break-even Point 18.18 Margin of Safety 18.19 Cost Indifference Point 18.21 Graphical Representation of a Break-even Chart 18.22 Contribution Break-even Chart 18.23 Profit–Volume Chart 18.24 Decision-making 18.25 Costs for Decision-making 18.26 Decision-making and Marginal Costing Part C: Financial Management 19. Financial Management: An Overview 19.1 Meaning of Finance 19.2 Types of Finance 19.3 Scope of Finance 19.4 Objectives of Financial Management 19.5 Functions of Financial Management 19.6 Profit Maximisation 19.7 Wealth Maximisation 19.8 Financial Planning 19.9 Role of a Finance Manager 19.10 Time Value of Money 19.11 Cost of Capital 19.12 Capital Structure 19.13 Capital Structure and Financial Structure 19.14 Patterns of Capital Structure 19.15 Factors Affecting Capital Structure 19.16 Capitalisation 19.17 Overcapitalisation 19.18 Undercapitalisation 19.19 Point of Indifference 19.20 Degree of Operating Leverage 19.21 Degree of Financial Leverage 19.22 Degree of Total Leverage 19.23 Liquidity and Capital Structure 20. Sources of Business Finance 20.1 Loans from Commercial Banks 20.2 Trade Credit 20.3 Lease 20.4 Credit Card 20.5 Customer’s Advances 20.6 Public Deposits 20.7 Depreciation Fund 20.8 Money Market 20.9 Commercial Bill Market 20.10 Commercial Paper 20.11 Certificate of Deposits 20.12 Sources of Long-term Finance 20.13 Capital Market 20.14 Issue of Shares 20.15 Equity Share Capital 20.16 Preference Share Capital 20.17 Bonus Shares 20.18 Right Shares 20.19 Preferential Allotment of Shares 20.20 Private Placement 20.21 Sweat Equity 20.22 Debentures 20.23 Mutual Funds 20.24 Leasing 20.25 Term Loans from Banks 20.26 Loans from Financial Institutions 20.27 Other Financial Institutions 20.28 Retained Profits 20.29 Foreign Sources 20.30 Mode of Investment in India by a Foreign Company 21. Working Capital Management 21.1 Objectives of Working Capital Management 21.2 Concept of Working Capital 21.3 Structure of Working Capital 21.4 Factors Affecting Working Capital Requirements 21.5 Operating Cycle 21.6 Forecasting of Working Capital 21.7 Classification of Working Capital 21.8 Policies of Working Capital and Their Impact 21.9 Concept of Zero Working Capital 21.10 Inventory Management 21.11 Optimum Inventory Policy 21.12 Techniques of Inventory Control 21.13 Receivables Management 21.14 Credit Policy 21.15 Credit Period 21.16 Cash Discount 21.17 Optimum Size of Receivables 21.18 Determinants of Credit Policy 21.19 Factoring 21.20 Invoice Discounting 21.21 Cash Management 21.22 Motives of Cash Management 21.23 Determining Optimal Level of Cash Holding 22. Investment Analysis Introduction of Capital Budgeting 22.1 Meaning of Capital Budgeting 22.2 Definition of Capital Budgeting 22.3 Objectives of Capital Budgeting 22.4 Importance of Capital Budgeting 22.5 Principles of Capital Budgeting Decisions 22.6 Process of Capital Budgeting 22.7 Operating Expenditures versus Capital Expenditures 22.8 Incremental Revenue and Cost Estimates 22.9 Types of Capital Expenditure 22.10 Capital Rationing 22.11 Types of Capital Budgeting Proposals 22.12 Methods of Evaluating Capital Investment Proposals 22.13 Traditional Methods 22.14 Discounted Cash Flow Methods 22.15 Capital Budgeting Techniques under Uncertainty 23. Analysis of Financial Statements Introduction 23.1 Meaning of Analysis and Interpretation of Financial Statements 23.2 Objectives of Financial Analysis 23.3 Sources of Financial Analysis 23.4 Limitations of Financial Statements 23.5 Methods of Analysis 23.6 Tools of Financial Analysis 23.6.1 Comparative Financial Statements 23.6.2 Common Size Financial Statements 23.6.3 Trend Analysis 23.6.4 Ratio Analysis 23.6.5 Fund Flow Analysis 23.6.6 Cash Flow Analysis 23.7 Classification of Ratios 23.8 Yield 23.9 Cash Conversion Cycle 23.10 Current Ratio versus the Cash Conversion Cycle 23.11 Z-score 23.12 Enterprise Value Multiple 23.13 Price/Sales Ratio 23.14 Price/Earnings to Growth Ratio 23.15 DuPont Ratio Analysis 24. Cash Flow and Fund Flow Analysis 24.1 Applicable Guidance 24.2 Presenting Cash Flow Statement 24.3 Cash Flow from Operating Activities 24.4 Common Adjustments to Net Income Needed to Convert to a Cash Basis 24.5 Cash from Investing Activities 24.6 Cash from Financing Activities 24.7 Advantages of Cash Flow Statement 24.8 Limitations of Cash Flow Statements 24.9 Introduction of Fund Flow Analysis 24.10 Definition of Funds 24.11 Meaning of Flow of Funds 24.12 Meaning of Fund Flow Statement 24.13 Objectives of Fund Flow Statement 24.14 Procedure for Preparing a Fund Flow Statement 24.15 Schedule of Changes in Working Capital 24.16 Statement of Sources and Application of Funds 24.17 Sources of Funds 24.18 Application of Funds 24.19 Distinction between Fund Flow Statement and Cash Flow Statement Solved Illustrations Summary Key Terms Suggested Answers Apply Your Knowledge Problem-solving, Evaluation and Decision-making Project Work Appendices Appendix A: Compound Sum of ` 1 Appendix B: Compound Sum of an Annuity of ` 1 Appendix C: Present Value of ` 1 Appendix D: Present Value of an Annuity of ` 1 FDI Policy Rates of Depreciation References and Further Readings Index [https://www.wileyindia.com/accounting-and-finance-for-non-finance-managers.html]
520			_aDesigned for management students from a non-finance background, Accounting and Finance for Non-Finance Managers introduces the basic concepts of accounting and finance in an easy-to-understand manner while acknowledging the recent advancements in financial and managerial accounting. It comprehensively covers the fundamental concepts of financial accounting, cost accounting, management accounting and financial management, and presents international accounting standards including US GAAP and IFRS (https://www.wileyindia.com/accounting-and-finance-for-non-finance-managers.html)
650			_aAccounting
650			_aFinance
942			_cBK _2ddc
999			_c8084 _d8084