Financial Accounting : A Managerial Perspective

DETAILS : 

• Author: R. Narayanaswamy
  
• Publisher: ‎ PHI Learning Private Limited
  
• Publication date: ‎ 1 April 2022
  
• Edition: ‎ SEVENTH EDITION
  
• Language: ‎ English
  
• Print length: ‎ 648 pages
  
• ISBN-10: ‎ 9354437656 
  
• ISBN-13: ‎ 978-9354437656
  
• Item Weight: ‎ 1250 g 

ABOUT THE BOOK

Financial Accounting: A Managerial Perspective, authored by the highly esteemed accounting veteran Prof. R. Narayanaswamy, is a premier, widely acclaimed textbook designed to bridge the gap between technical bookkeeping and strategic corporate management. Published by PHI Learning (formerly Prentice Hall of India) as part of its prestigious Eastern Economy Edition series, this comprehensive work is a standard staple across top-tier business schools, including the Indian Institutes of Management (IIMs). The core philosophy of this text centers on moving beyond the mechanical rules of debit and credit to treat financial accounting as a powerful, diagnostic communication language. Narayanaswamy teaches students and corporate professionals how to read, interpret, and deconstruct financial statements to make high-stakes, informed managerial and investment decisions.

The textbook is structurally organized into a progressive, user-oriented curriculum that systematically transitions from foundational data capture to complex corporate reporting metrics. It begins by laying down the regulatory and conceptual foundations, including the double-entry system, accounting principles, and the rising global convergence toward International Financial Reporting Standards (IFRS) and Indian Accounting Standards (Ind AS). The middle sections guide the reader through the structural dissection of the big three statements: the Balance Sheet, the Income Statement, and the Cash Flow Statement, with an exceptional emphasis on the nuances of revenue recognition and asset valuation. The final, heavily analytical modules dive deep into advanced financial statement analysis, exploring ratio analysis, corporate governance standards, earnings management, and the qualitative assessment of financial health. Rather than using simplified, sterile exercises, the text stands out by anchoring its problems in real-world corporate annual reports from marquee global and Indian enterprises.

ABOUT THE AUTHOR

Prof. R. Narayanaswamy is an elite Indian academician, author, and financial consultant who served as a Professor of Finance and Control at the prestigious Indian Institute of Management Bangalore (IIMB) for over three decades. Holding a Ph.D. from the University of New South Wales, Australia, and professional credentials as a Chartered Accountant and Cost Accountant, he is recognized as a formidable authority on corporate financial reporting, having served on influential regulatory committees for the Securities and Exchange Board of India (SEBI) and the Institute of Chartered Accountants of India (ICAI).

Prof. Narayanaswamy’s pedagogical and authorial style is characterized by remarkable intellectual rigor, analytical clarity, and an engaging, peer-to-peer technical narrative. Writing as a seasoned corporate mentor who cuts through dry mathematical abstractions, he presents accounting as a living, dynamic tool driven by economic substance rather than legal form. By balancing technical precision with realistic corporate governance case studies, his collective literature remains an enduring international benchmark for MBA students, executive management program participants, and finance professionals who want to understand the strategic consequences behind corporate balance sheets.