• Systematic and methodical coverage of topics
• Visually appealing presentation
• Cases and caselets from Indian businesses
• Real-life examples in ‘Making It Real’
• Brief analysis of financial reports and statements of Maruti Suzuki in each chapter
• Review pages at the end of each chapter
• Rich pedagogical features such as
• Key terms
• Learning objectives
• Chapter-end exercises

New to this Edition

• International Financial Reporting Standards (IFRS) incorporated across chapters
• Financial reports and statements analysis of Maruti Suzuki updated and Annual Report of Maruti Suzuki India Ltd, 2020-21, incorporated
• Chapter-end exercises updated and made more extensive and comprehensive

1. Financial Accounting
2. Corporate Financial Statements
3. Recording Accounting Transactions
4. Accrual Accounting and Adjusting Entries
5. Internal Control and Cash
6. Receivables
7. Inventory
8. Fixed Assets and Intangible Assets
9. Liabilities
10. Stockholders’ Equity
11. Statement of Cash Flows
12. Financial Statement Analysis

Appendix A: Investments

Appendix B: Time Value of Money

Appendix C: Financial Statements

Norman H. Godwin

Norman H. Godwin, PhD, CPA, is a Charles M. Taylor Associate Professor in the School of Accountancy at Auburn University. Since coming to Auburn in 1996, Godwin has taught financial accounting to undergraduate, graduate, and executive students and has received numerous teaching awards. He has maintained an active research agenda, publishing in journals such as Journal of Accounting, Auditing & Finance; Journal of Business Finance & Accounting; Issues in Accounting Education; Journal of Risk and Insurance; and Accounting Horizons. Godwin has also participated in several outreach efforts during his career, the most recent of which is his development of a series of humorous, common-sense videos on financial literacy. The Enrich Your Life series is used in the continuing education efforts of a major international corporation. Dr. Godwin also comments occasionally on financial literacy topics on regional television in Georgia and Alabama. Dr. Godwin has served the accounting and academic professions in several ways including President of the American Accounting Association's Southeast Region, President of the National Council of Tau Sigma National Honor Society, and Chair of the American Accounting Association’s Financial Literacy Task Force. Godwin has served as Director of Auburn’s School of Accountancy since 2003. He is married and has four children.

Wayne Alderman

Wayne Alderman is Dean of Enrollment Services, a position he has held since November, 2006. Dr. Alderman received his BS degree in Accounting in 1971 and his MBA degree in 1972 from Auburn University. He worked with Ernst & Young for two years and then went to the University of Tennessee where he received his Doctorate in Accounting in 1977. He served on the faculty of the University of Texas at Austin and returned to Auburn in 1979 as an accounting professor. He has served as department head in Accounting and Associate Dean and Dean (1993-2000) of the Business School. He has coauthored textbooks in Accounting Information Systems and Auditing and has published more than forty refereed journal articles. Under his leadership as Dean of Business, the College established the Lowder Center for Family Business and Entrepreneurship, eleven new endowed professorships, an Executive MBA program, and a Physicians Executive MBA program. Endowments increased by twelve million dollars and scholarship awards increased fourfold. As Dean of Enrollment Services, he is responsible for recruiting and admissions decisions for all undergraduate programs as well as responsibility for all university scholarship programs..

About the Adaptor

Dr. Debashis Sanyal

Dr. Debashis Sanyal, Director, Great Lakes Institute of Management, Gurgaon, holds PhD in finance. He is a merit holder of The Institute of Cost and Works Accountants of India. He has more than 30 years of experience in postgraduate level teaching and academic administration. Earlier as well, he held important positions as  Dean, School of Business Management, Narsee Monjee Institute of Management Studies (NMIMS), Mumbai; Dean (Academic Program), at Management Development Institute (MDI), Gurgaon; and Joint Director, Institute of Cost and Works Accountants of India (ICWA), now The Institute of Cost Accountants of India (ICAI).