1.Introduction to Accounting: The book begins with a comprehensive introduction, covering the basics and fundamentals of accounting, setting a strong foundation for further study.
2.History and Development of Accounting: This section provides a historical perspective, tracing the evolution of accounting practices and theories over time.
3.Traditional and Modern Approaches: The authors present a comparative analysis of traditional and modern approaches to the formulation of accounting theory, offering students a broad perspective on the subject.
4.Regulatory Framework: A detailed examination of the regulatory approach to accounting theory is provided, highlighting the importance of legal and institutional frameworks in shaping accounting practices.
5.Financial Reporting Framework: This chapter covers the crucial aspects of financial reporting, emphasizing the principles and standards that govern the preparation and presentation of financial statements.
6.Indian Accounting Standards and IFRS Convergence: One of the standout features of this book is its detailed discussion on Indian Accounting Standards and their convergence with International Financial Reporting Standards (IFRS), ensuring that students are knowledgeable about both national and international accounting standards.
7.Conceptual and Structural Frameworks: The book also includes in-depth discussions on the conceptual and structural frameworks for financial reporting and accounting theory, providing clarity on these foundational concepts.
8.Alternative Models: The final chapters explore alternative asset-valuation and income-determination models, offering students diverse approaches to understanding these complex issues.
