| S.
NO. |
CONTENTS |
| . |
Preface |
| . |
List of Tables |
| . |
Part
I: TEXT |
| . |
Section I: Understanding of Financial Statements |
| 1. |
Introduction |
| 2. |
Balance
Sheet |
| Sources of Funds |
| Authorised Share Capital |
| Issued & Subscribed
Share Capital |
| Reserves & Surplus |
| Loan Funds |
| Application of Funds |
| Fixed Assets |
| Investments |
| Currents Assets |
| Inventories |
| Sundry Debtors |
| Cash in Hand & at Bank |
| Loans & Advances |
| Current
Liabilities |
| Provisions |
| Appendix
2.1 |
Schedule VI of Companies
Act 1956 |
| Horizonal Form
of Balance Sheet |
| Vertical Form of
Balance Sheet |
| Notes to Balance
Sheet |
| Appendix
2.2 |
Balance Sheet of
BHEL |
| 3. |
Profit
& Loss Account |
| Objectives |
| Trading Account |
| Profit & Loss Account |
| Profit & Loss Appropriation
Account |
|
Appendix 3.1 |
Profit & Loss
Account of BHEL |
| Appendix
3.2 |
Schedule VI. of
the Companies Act 1956 |
| 4. |
Directors'
Report & Auditor's Report |
| Directors' Report |
| Introduction |
| Meaning of Board of Directors |
| Meaning of Director's Report |
| Special Points in Directors'
Report |
| Objectives |
| Contents of Directors' Report |
| Scope of Directors' Report |
| Directors' Responsibilities |
| Auditors'
Report |
| Introduction |
| Qualifications in Auditor's
Report |
| Auditor's Report of BHEL |
| Annexures to Auditor's Report |
| 5. |
Asset Valuation |
| The Nature of Assets |
| Objectives of Asset Valuation |
| Methods of Asset Valuation |
| 6. |
Measuring
Income |
| 7. |
Inventory Valuation |
| The Nature of Inventory |
| Objectives of Inventory
Valuation |
| Methods of Inventory Accounting |
| Methods of Inventory Valuation |
| 8. |
Depreciation
Accounting |
| Meaning of Depreciation |
| Methods of Depreciation |
| Objectives of Depreciation
Policy |
| Appendix
8.1 |
Rates of Depreciation:
Schedule VI of
Companies Act 1956 |
| Appendix
8.2 |
Rates of Depreciation |
| Appendix
8.3 |
Depreciation Accounting
Practices |
| 9. |
Price
Level Adjustments |
| Nature of the Problem |
| Supplementary Financial
Statements |
| General Approach |
| Current Cost Accounts of
BHEL |
| 10. |
Accounting
Concepts, Conventions & Assumptions |
| Accounting Concepts |
| Accounting Conventions |
| Assumptions |
| 11. |
Uses
& Limitations of Financial Statements |
| Uses of Financial Accounts |
| Limitations of Financial
Accounts |
| Notes on Accounts |
| Accounting Policies |
| Appendix
11.1 |
Accounting Policies
of BHEL |
| 12. |
The
Basic Accounting Process |
|
Appendix 12.1 |
Proforma Voucher |
|
Appendix 12.2 |
Proforma Cash Book |
|
Appendix 12.3 |
Proforma Sales Book |
|
Appendix 12.4 |
Proforma Purchase
Book |
|
Appendix 12.5 |
Proforma Ledger |
|
Appendix 12.6 |
Proforma Trial Balance |
| 13. |
Legal
Requirements relating to Accounting and Auditing
Accounting |
| Auditing |
| 14. |
Accounting
Standards |
| 15. |
Abridged
Balance Sheet and Profit & Loss Account |
| . |
Section II : Analysis of Financial Statements |
|
16. |
Financial
Statement Analysis: Ratio Analysis |
| Introduction |
| Techniques of Financial
Analysis |
| Financial Ratio Analysis |
| Limitations of Financial
Ratio Analysis |
| Kinds of Ratios |
| . |
Profitability Ratios |
| Solvency Ratios |
| Ownership Ratios |
| Activity Turnover
Ratios |
|
Appendix 16.1 |
Review of Accounts
BHEL |
|
Appendix 16.2 |
ONGC Ratios at a
Glance |
| 17. |
Funds
Flow Statement Analysis |
| Objectives of Funds Flow
Statements |
| Uses of Funds Flow Statements |
| Main Sources & Uses
of Funds |
| 18. |
Cash
Flow Statement Analysis |
| Objectives |
| Sources of Cash Funds |
| Uses of Cash Funds |
| Procedure of Preparing Cash
Flow Statement |
| 19. |
Statement
of Changes in Financial Position |
|
Section III : Special Topics in Accounting |
| 20. |
Accounting
for Mergers & Acquisitions |
| Meaning |
| Objectives of Mergers |
| Valuation |
| 21. |
Human
Resources Accounting |
| Objectives |
| Effects of Human Resource
Accounting |
| Problem Areas of Human
Resource Accounting |
| Human Asset Accounts of
BHEL |
| 22. |
Accounting
for Foreign Currency Transactions |
| Extra Ordinary Items |
| Accounting Treatment |
| Discontinued Operations |
| Accounting Treatment |
| Accounting Practices of
Indian Firms |
| 23. |
Accounting
for Future & Forward Contracts |
| Future Contracts |
| Future Markets |
| Forward Contracts |
| 24. |
Segment
Reporting |
| Objectives |
| Accounting Difficulties |
| Disclosure Problems |
| 25. |
International
Accounting |
| 26. |
National
Accounting |
| Evolution of National Accounting |
| Development of National
Accounts in India |
| Structure of National Balance
Sheet |
| 27. |
Government
Accounting |
| 28. |
Behavioural
Aspects of Accounting |
| 29. |
Internal
Check & Accounting Control |
| 30. |
Accounting
Control & Information System |
| 31. |
Projections
of Business Results |
|
PART II : ARTICLES |
