Introduction to Financial Accounting, 11e, focuses upon the most widely accepted accounting theory and
practice with an emphasis on using and analyzing the information in financial statements. This adaptation
title describes the underlying concepts of accounting and several accounting procedures such as transaction
analysis, journalizing, and posting based on the Indian context.
The book deals with important topics that all managers should know and all business management students
should study, and is oriented not only to the user of financial statements but also potential accounting
practitioners. The ultimate objective of this adaptation title is to help in the understanding of financial
position and prospects, which is achieved by a focus on the balance sheet equation.