The function of a correctly prepared Balance Sheet is to exhibit the true and correct view of the state of affairs of any concern. This new edition targets those questions related to the Balance Sheet that arise from some tricky sounding financial jargons which play important role in determining the overall fiscal health of the organization. Like in the earlier edition, readers would be taken through witty conversations infused with answers but this time they will cater to certain other equally important sections of the Balance Sheet that had not been previously addressed. Highlights of this edition: Real-life Balance Sheet illustrations on actual figures of five Indian Retail Apparel companies along with their Common-Size Balance Sheet illustrations, Shareholders Fund illustrations. Identifying financial terms such as Capital Structure, Bad Debts, Advance from Customer, Notes to Accounts, Principle of Conservatism, Contractual Obligations or Ensuring Restrictions, Post-balance Sheet Disclosures, Understanding the limitations of the Balance Sheet and Revised Exercises.
Preface
Acknowledgements
Introduction
Chapter 1 : The Balance Sheet
Chapter 2 : Importance of a Balance Sheet
Chapter 3 : The Assets Side
Chapter 4 : The Liability Side
Chapter 5 : The Owners Equity
Chapter 6 : Formats of the Balance Sheet
Chapter 7 : What to See in a Balance Sheet?
Chapter 8 : Example of Balance Sheet
Exercises
