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Corporate bodies regularly publish statements about their financial positions and earning capacity. These statements need to be analyzed to know about their financial strengths and weaknesses. Step-by-step operations have to be carried out, and tools and techniques used to make the figures speak, to enable the stakeholders know what lies between the lines. Dr. Gokul Sinha, with his wealth of experience, gives a clear and in-depth analysis of understanding financial statements which is so essential for any budding or practising manager. In this student friendly text, he provides a harmonious blend of concepts and practices as followed by Indian companies.
Divided into eight chapters, the book attempts to analyze and interpret the ratios compiled from financial statements. It illustrates how financial data can be interpreted in the context of the real world situation, and the interrelations between various financial issues of an enterprise. Finally, the book discusses the roots of the shortcomings of Generally Accepted Accounting Principles (GAAP) with the help of diagrams.
KEY FEATURES
Provides interpretation of data derived from financial statements.
Gives an easy method, developed by NCAER, to predict corporate failure.
Compares firms of different countries and their financial performances.
Contains more than 172 examples of various types to help students prepare for exams.
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.ISBN-- 9788120337176
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Pages : 632
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