This book "Fundamentals of Financial Accounting - Theory & Practice" is the outcome of hard work of the authors who have used their experience to present the complicated subject matter in a simplified way and provide conceptual clarity on each and every topic covered. This book is meant for students of B.Com, C.A., ICWA, CS, BBA & other professional courses.
The salient features of the book are :-
• Simple to understand and easy to remember.
• Solutions are based on the latest amendments in the accounting standards.
• Each topic is self contained and provides theoretical exposition which is followed by numerical application
• Contains multidimensional illustrations to improve the understanding and grasping power of the students
• Provides sufficient flexibility in sequencing the course material
• Aims to replace memorization with understanding and develop reasoning to solution procedure
• Contains explanatory working notes to make the book – a result oriented text.
Preface, Unit-I, Chapter 1. Introduction, Chapter 2. Generally Accepted Accounting Principles (GAAPs) and Accounting Standards, Chapter 3. Recording Business Transactions, Chapter 4. Subsidiary Books, Chapter 5. Errors and Its Rectification, Unit-II, Chapter 6. Final Accounts (Financial Statements) of Trading and Manufacturing Organisations, Chapter 7. Final Accounts of Non-Profit Making Organisations, Chapter 8. Single Entry System (Accounting from Incomplete Records), Unit-III, Chapter 9. Depreciation Accounting, Unit-IV, Chapter 10. Accounting for Consignment, Chapter 11. Joint Venture Accounts, Unit-V, Chapter 12. Accounting for the Hire Purchase System, Unit-VI, Chapter 13. Branch Accounting, Unit-VII, Chapter 14. Accounting for the Partnership Firm I-Admission, Chapter 15. Accounting for the Partnership-II Retirement/Death, Chapter 16. Accounting for the Dissolution of Partnership Firms, Unit-VIII, Chapter 17. Bank Reconciliation Statement, Chapter 18. Bills of Exchange
About the Authors :-
Dr. Naseem Ahmed is the senior most faculty member of the Department of Commerce, Zakir Husain College, University of Delhi where he has been teaching Accounting & Taxation since 1971. He has authored number of books in the field of Accounting & Finance and contributed several articles to the journal of repute. He is a visiting faculty and resource person to various institutes and universities. He has been on deputation to teach accounting for four years abroad.
Dr. Nawab Ali Khan is a reader in the Department of Commerce, A.M.U. Aligarh prior to the joining of A.M.U. Aligarh, he taught at Zakir Husain College, University of Delhi for a period of seven years till 1997. He has also contributed several articles to the various journals of Commerce and Finance.
Dr. Madan Lal Gupta is a senior member of Department of Commerce, Aurobindo College, University of Delhi. Where he has been teaching Accountancy since 1971. He is also a visiting faculty to various institutes at Delhi.