By DALAL / GAGGAR / KSHIRSAGAR

Publications on the subject of accounting and auditing are available in plenty, but there is hardly any book that deals with the practical aspects of finalisation of accounts and reporting thereon by Auditors. The basic requirement under the Companies Act 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 1st April, 1984 made it obligatory on the part of its members to bring out clearly in their audit report every qualificatory note or atleast the vital part thereof, especially its impact on profits, with cross reference to the said notes to enable the shareholders and other readers of the accounts to have a thorough 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 drafting the notes on accounts in order to ensure that the explanation or qualification is adequately conveyed to the lay reader of published accounts. The notes on accounts should be simple and must be so drafted that they convey adequate information and do not merely become the means of information.

In the present edition, Shri D.N. Dalal, who had the honour to be the President of the Bombay Chartered Accountants’ Society, thoroughly secrutinised more than 300 recently published company accounts with the help of his team and added further almost 2000 notes. Unfortunately, Shri Dalal is no more with us. We will miss him and will not have hereafter the benefit of his wide experience and knowledge. The notes are presented under convenient heads to enable busy accountants to select the most appropriate note while preparing and presenting the accounts of any company. This book will be of great assistance to the Company Management and the Accounting Profession, as it will provide them guidance in selecting correct terminology while drafting notes on accounts.

A lucid and yet exhaustive work within whose modest bulk is compressed a vast amount of essential information offering solution on all knotty problems and debatable question

Published Year: 2002 Format: n/a ISBN: INBL3 Publisher: Lexis Nexis Butterworths Wadhwa Nagpur No of Pages: 2000 Our Price: India. Rs. 1,195.00 Reviews: 0 reivew(s).

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