In the emerging scenario of dynamic changes in the management arena, complexities prevail and compounding relationships are multiplying. Organizations are becoming multi-dimensional work place. Structure and systems are given importance rather than people. Management mantras constantly change due to change in production, operating, marketing and financial systems. Accounting Information System (AIS), Enterprise Resource Planning (ERP) and other Computer-Aided Audit Testing systems are in place. Globally, management objectives are framed after deliberations and this is exhibited through vision and mission statements. An enterprise with global presence has to work in tandem with other segments. In that harmonization of accounting standards is the prime mover to make convergence among other functional areas. For addressing these issues, this book is a blessing in disguise and a ready reckoner for the accounting and finance professionals. This book gives a threshold into newer areas in Accounting World like Social Asset, Emotional, Securitization Accounting and the convergence of AIS and ERP with digital as the model for the use of Forensic accountants. It also provides the insight of case studies into the application of accounting in Dr. Reddy’s Laboratories, Enron, Indian and US experience related to Accounting Standards. The book is second to none in its clarity, brevity and richness in content and hence it will be a very useful companion to academicians, research scholars, students and practitioners.
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