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  • Q1
    What topics are covered in the book?
    A1

    The book covers a wide range of topics including the basics of financial reporting, IFRS, the Conceptual Framework of Financial Reporting, required disclosures, comparison between IFRS and Indian Accounting Standards, and recent trends in financial reporting in the Indian context also including corporate social reporting.

  • Q2
    What is the main focus of the book "Issues in Financial Reporting"?
    A2

    The book addresses key topics related to financial reporting, including International Financial Reporting Standards (IFRS), corporate social responsibility, recent trends in Indian financial reporting, and critical issues like required disclosures. It’s specifically designed for B.Com 3rd-year students in their 6th semester at Panjab University.

  • Q3
    Who are the authors of this book?
    A3

    "Issues in Financial Reporting" is authored by Manpreet Kaur and Raj Garg, both of whom are knowledgeable in the field of accounting and finance.

  • Q4
    Which university's syllabus does this book cater to?
    A4

    This book is tailored for students at Panjab University, Chandigarh, particularly for those in their B.Com 3rd year, 6th semester.

  • Q5
    Is this book suitable for exam preparation?
    A5

    Yes, "Issues in Financial Reporting" serves as an essential revision book, providing the necessary knowledge and practical insights for students preparing for their examinations in the financial reporting domain.

  • Q6
    How does this book compare with other financial reporting books?
    A6

    This book specifically emphasizes the issues pertinent to Indian financial reporting and includes insights on international standards, making it a valuable resource for understanding both local and global perspectives on financial reporting practices.

  • Q7
    Are there any additional resources included in the book?
    A7

    Yes, the book includes solved question papers that help students apply theoretical knowledge to practical scenarios, enhancing their understanding and preparations for exams.

  • Q8
    Can this book help with understanding IFRS?
    A8

    Absolutely! The book contains a detailed introduction to IFRS, including its role, objectives, and required disclosures, which is essential for grasping the global framework of financial reporting.

  • Q9
    How does this book address the differences between IFRS and Indian Accounting Standards?
    A9

    The authors provide a comparative analysis of IFRS, US GAAP, and Indian Accounting Standards, enabling students to understand the key differences and similarities that affect financial reporting requirements in various jurisdictions.

  • Q10
    Does the book include practical examples or case studies?
    A10

    While the primary focus is on theoretical concepts, the book integrates practical insights and examples relevant to current financial reporting challenges, helping students relate theoretical knowledge to real-world applications.

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