By DALAL / GAGGAR / KSHIRSAGAR

Publications on the subject of accounting and auditing and on financial statements are available in plenty, but there is hardly any book on that deals with “Company Balance Sheet and Profit & Loss Account” the practical aspects of finalisation of accounts and reporting thereon by Auditors based on the Accounting Standards (Indian & International). The basic requirement under the Companies Act, 1956 is that the published accounts must present a “true and fair” view of the state of affairs of the company concerned and must contain the \\\"information\\\" required to be disclosed by the relevant provisions of the Act. ‘The Institute of Chartered Accountants of India’ has since made it obligatory requirement on various aspects on the part of its members to bring out clearly in their audit reports every qualificatory note or atleast the vital part thereof, especially its impact on profits to enable the shareholders and other readers of the accounts to have a through picture of the relevant issue and its implications. The Institute has, from time to time, recommended disclosure of some additional information in order to make the accounts more intelligible and meaningful. the Accountant in practice and industry has to use his skill and knowledge in order to ensure that the explanation or qualification is adequately conveyed to the lay reader of published accounts that they convey adequate information and do not merely become the means of information. ‘Guide to Company Balance Sheet & Profit and Loss Account’ is being issued as Companion Volume to the ‘Notes on Company Accounts Series’ Salient Features contains—? Principles of Accounting Theory, Accounts and Elementary Fundamental of Balance Sheet ? Share Capital ? Reserves and Surplus ? Loans Secured & Unsecured and Foreign Currency ? Current Transactions Liabilities, Provisions, Contingent Liabilities ? Fixed Assets, Tangible Assets, Intangible Assets, Capital Work in Progress, Depreciation And Accounting for Lease ? Investments ? Inventory ? Sundry Debtors and Cash & Bank Balances ? Loans & Advances and Miscellaneous Balances ? Profit & Loss Account Income Statement, Income Expenses, Losses, Manufacturing Costs, Administration Costs, Selling And Distribution Costs And Finance Costs ? Analysis of Financial Account ? Appendices— ? Schedule VI — Balance-Sheets — Vertical and Horizontal Forms, ? Schedule XIII—Conditions to be fulfilled for the Appointment of a Managing or Whole-time Director or a Manager without the approval of the Central Government, ? Schedule XIV—Rates of Depreciation, ? Statement and Standards on Accounting as issued by the Institute of Chartered Accountants of India, Accounting Standards (AS) AS-1 to AS-28 as issued by ICAI amended up-to-date as based on General Clarifications (GC) issued by ICAI from time to time in respect to various ‘Accounting Standards’, ? Selected Statements on Accounting Practice as issued by ICAI , International Accounting Standards (IAS), ? Source of Generally Accepted Accounting Principles (US—GAAP), ? A Comparative study of Accounting Standards [Indian GAAP, IAS and US GAAP], ? Naresh Chandra Committee—Report of the Committee on Corporate Audit and Governance N. R. Narayana Murthy—Report of the SEBI Committee on Corporate Governance The Accountants, whether engaged in Industry or in Public practice, have, over a period of years, tried to improve the technique of presentation of financial and other information. This book will be of great assistance to Company Management, Company Secretary, Chartered Accountant, Cost Accountants, Professionals in Accounting Practices, Auditors, Government Department in Company Affairs, Members of the various Institutes such as ICAI, ICWAI, ICSI, IIMI, CFAI, etc., students at large and new entrants to the accounting profession as it will provide in a form of practical Guide in day to day use and practice while dealing with the entire subject matters & segments on Accounts. With technological and other developments, the corporate legislation tends to become more and more complex. Every one feels the need for simplification of procedures. The health of any enterprise can be judged by its financial position on any given date.

Information conveyed through published accounts at the end of each accounting period has proved to be an effective mode for communicating the strength or weakness of the enterprise. Scheme of this Volume PART I—PRINCIPLES OF ACCOUNTING THEORY, ACCOUNTS AND ELEMENTARY FUNDAMENTAL OF BALANCE SHEET · Chap. 1 The Method of Presentation · Chap. 2 Principles of Accounting · Chap. 3 The Balance Sheet PART II—SHARE CAPITAL · Chap. 4 Share Capital PART III—RESERVES AND SURPLUS · CHAP. 5 RESERVES AND SURPLUS PART IV—LOANS SECURED & UNSECURED AND FOREIGN CURRENCY · Chap. 6 Secured Loans · Chap. 7 Unsecured Loans ?· Chap. 8 Foreign Currency Transactions PART V—CURRENT TRANSACTIONS LIABILITIES, PROVISIONS, CONTINGENT LIABILITIES ·?Chap. 9 Current Liabilities ·?Chap. 10 Provisions ·?Chap. 11 Contingent Liabilities PART VI—FIXED ASSETS, TANGIBLE ASSETS, INTANGIBLE ASSETS, CAPITAL WORK IN PROGRESS, DEPRECIATION AND ACCOUNTING FOR LEASE ·?Chap. 12 Tangible Assets ·?Chap. 13 Accounting for Intangible Assets ·?Chap. 14 Capital Work-in-progress ·?Chap. 15 Depreciation ·?Chap. 16 Accounting for leases

PART VII—INVESTMENTS · CHAP. 17 INVESTMENTS PART VIII—INVENTORY ·?Chap. 18 Inventory PART IX—SUNDRY DEBTORS AND CASH & BANK BALANCES ·?Chap. 19 Receivables · Chap. 20 Cash & Bank Balances PART X—LOANS & ADVANCES AND MISCELLANEOUS BALANCES ·?Chap. 21 Loans and Advances ·?Chap. 22 Miscellaneous Expenditure PART XI—PROFIT & LOSS ACCOUNT INCOME STATEMENT, INCOME EXPENSES, LOSSES, MANUFACTURING COSTS, ADMINISTRATION COSTS, SELLING AND DISTRIBUTION COSTS AND FINANCE COSTS ·?Chap. 23 The Income Statement ·?Chap. 24 Profit and Loss Account ·?Chap. 25 Income ·?Chap. 26 Expenses ·?Chap. 27 Losses ·?Chap. 28 Manufacturing Cost ·?Chap. 29 Administrative Cost ·?Chap. 30 Selling and Distribution Cost ·?Chap. 31 Finance Cost PART XII—ANALYSIS OF FINANCIAL ACCOUNT ·?Chap. 32 Measurement of Business Performance ·?Chap. 33 Costing System ·?Chap. 34 Accounting for Amalgamation PART XIII—APPENDICES ·?App. 1 Schedule VI — Balance-Sheets — Vertical and Horizontal Forms ·?App. 2 Schedule XIII—Conditions to be fulfilled for the Appointment of a Managing or Whole-time Director or a Manager without the approval of the Central Government ·?App. 3 Schedule XIV—Rates of Depreciation ·?App. 4 Statement and Standards on Accounting as issued by the Institute of Chartered Accountants of India also contains Text of AS-1 to AS-28 (amended up-to-date and also as based on ICAI views expressed in various General Clarifications (G.C.)/Circulars as issued by ICAI from time to time) ·?App. 5 Selected Statements on Accounting Practice as issued by ICAI ·?App. 6 International Accounting Standards ·?App. 7 Source of Generally Accepted Accounting Principles (US—GAAP) ·?App. 8 A Comparative study of Accounting Standards [Indian GAAP, IAS and US GAAP] ·?App. 9 Naresh Chandra Committee—Report of the Committee on Corporate Audit and Governance ·?N. R. Narayana Murthy—Report of the SEBI Committee on Corporate Governance

Published Year: 2003 Format: n/a ISBN: INA3 Publisher: Lexis Nexis Butterworths Wadhwa Nagpur No of Pages: 1900 Our Price: India. Rs. 1,295.00 Reviews: 0 reivew(s).

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