ACCOUNTING THEORY AND REPORTING PRACTICES
Accounting Theory and Reporting Practices is an excellent book written by three authors, viz. Pooja Mehta, Jahnvi Gupta, and Anupreet Kaur Bal. Under the quality publication of Kalyani Publishers, the book aims to provide the readers with a balanced discussion of different theories of financial accounting. The book has been specifically prescribed by the Panjab University, Chandigarh for students pursuing B.Com 3rd Semester, with Honours in Accounting and Finance. The objective of this book is to provide students with an understanding of the concepts that are fundamental to the preparation and use of accounting information. The authors have placed a great emphasis on conceptual knowledge. The book covers the structural, conceptual, and regulatory accounting framework and its emphasis on how accounting standards fit within the framework, and how standards exemplify theories of regulations.
SALIENT FEATURES OF THE BOOK:
The book is divided into 10 chapters sequenced in a logical order to provide the basis for subjects or units that investigate financial accounting theory.
The book also covers traditional and new approaches to the accounting theory formulation.
Financial reporting framework, Indian Accounting Standards, its convergence with IFRS and alternative asset valuation and Income determination model is discussed in the later part of the book.
The book provides a balanced discussion of different theories of financial accounting in simple plain language.