Accounting Standards (Volume 7)

This is a unique series that explores global accounting standards, how they have evolved and the issues involved at arriving at these standards. Accounting Standards Vol. I presents a simple understanding of the accounting standards practiced in America, India and elsewhere, accompanied by a brief discussion on related issues. Vol. II stresses the need for quality accounting standards and practices that adhere to international standards. Vol. III of this series takes an in-depth look at corporate reporting with its detailed procedures and practices of financial statements. It covers constructions, contracts and revenue recognitions and related aspects that are very beautifully illustrated with text, concepts and examples. Vol. IV of this series discusses quality accounting standards and demands a comprehensive accounting framework that deals with basic accounting issues. Vol. V discusses the role of compliance of accounting standards vis-à-vis measurement and disclosure. Vol. VI explains the accounting and reporting aspects of investments in companies where this is done differently, depending on the kind of investments. Vol. VII looks at the changing trends in banks of not lending to corporate houses as they used to, but focusing on retail banking to register asset growth and profitability. Banks are now moving toward credit marketing—a trend in India and globally that this book covers. Vol. VIII brings to light a discussion on accounting and reporting for leases that include capital lease or leases leading to debtor-creditor relationships, direct finance leasing and sales type leasing. Vol. IX comprises a discussion on the broad topic of accounting and reporting standards for shareholders’ equity. It discusses the different kinds of ownership securities a company can devise to attract investors and the ways of expanding corporate capital by issuing shares. Vol. X discusses long term debt, accounting for derivatives, and accounting standards. It also has a workbook to increase understanding of the issues discussed. Vol. XI, the last in this series, discusses accounting and reporting standards for business combinations and explains consolidated financial statements and the procedures needed in the consolidation process. A workbook aids understanding of the issues presented here.