Financial Accounting for Managers, 3e seeks to provide a comprehensive coverage of the basic principles of financial accounting, incorporating the latest accounting norms and standards. This book is primarily meant to be used in postgraduate programmes of various universities and institutions and can be used as an introductory course on accounting. This edition would also be helpful to practicing managers – both in finance and non-finance areas, so that they can sharpen their skills in understanding and analysing financial and accounting information. Features Concepts discussed in the text have been reinforced with the help of solved instances both within the text and at the end of every chapter. Case studies have been included in all chapters based on information from annual reports and real-life situations. Requirements of the Companies Act 2013 have been suitably incorporated. In view of the convergences of Indian accounting standards with IFRS, accounting and reporting have been discussed based upon the applicable Ind-AS. \nTable of contents\n1 Introduction to accounting\n2 Generally accepted accounting principles and accounting standards\n3 Accounting cycle\n4 Financial statements of companies\n5 Statement of profit and loss\n6 Balance sheet\n7 Accounting for revenue\n8 Accounting and valuation of inventory\n9 Accounting for fixed assets and depreciation\n10 Accounting for investments\n11 Cash flow statement\n12 Consolidated financial statements1\n3 Disclosures in annual reports\n14 Analysis of financial statements\n15 Financial shenanigans.