Introduction to Financial Accounting, 11e, focuses upon the most widely accepted accounting theory and
practice with an emphasis on using and analyzing 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.
About the Author
Charles T. Horngren - Stanford University
Gary L. Sundem - University of Washington
John A. Elliott - University of Connecticut
Donna R. Philbrick - Portland State University
Features
1)Covers text and problem material based on classic issues arising in the last 30 years.
2)Contains several chapters that have been rewritten keeping in mind the latest changes
in the Indian Accounting Standard.
3)Includes Business First Boxes in each chapter which provide insights into operations at well-known
domestic and international companies, accenting today’s real-world issues.
4)Contains various cases studies pertaining to the Indian context.
Table Content
Chapter 1 Accounting: The Language of Business
Chapter 2 Measuring Income to Assess Performance
The Portfolio P1
Chapter 3 Recording Transactions
Chapter 4 Accrual Accounting and Financial Statements
Chapter 5 Statement of Cash Flows
Chapter 6 Accounting for Sales
Chapter 7 Inventories and Cost of Goods Sold
Chapter 8 Long-Lived Assets
Chapter 9 Liabilities and Interest
Chapter 10 Stockholders’ Equity
Chapter 11 Intercorporate Investments and Consolidations
Chapter 12 Financial Statement Analysis
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