Taxmann's Financial Accounting book by Bhushan Kumar Goyal, H.N. Tiwari

This book is a comprehensive, authentic, and well-illustrated resource for Financial Accounting. It adheres to the Accounting Standards and relevant statutes, making it suitable for students in undergraduate commerce and management courses. Specifically, it caters to:

• B.Com. (Hons.) Core Paper BCH: DSC – 1.3, based on the Undergraduate Curriculum Framework (UGCF) for Delhi University
• B.Com. (Prog.) Core Paper BC: DSC 1.3, based on the UGCF for Delhi University
• Non-Collegiate Women's Education Board
• School of Open Learning, University of Delhi
• Various Central Universities across India
• BBA, MBA, CA-Intermediate (IPC), and Company Secretaries courses

The Present Publication is the 12th Edition, authored by Bhushan Kumar Goyal and Dr H.N. Tiwari, and includes several noteworthy features:

• [Highlights of the 12th Edition]
• Revised according to the UGCF Syllabus under the New Education Policy
• Amended and updated content
• New illustrations added
• Includes B.Com. (Hons.) Past Question Paper for January 2024
• [Comprehensive Presentation]
• Thorough coverage of accounting theory, procedures, and practices
• [Student-Oriented Approach]
• Developed with insights from classroom interactions between the author/teacher and students
• Shaped by the author/teacher's 45+ years of teaching experience
• Incorporates student feedback and responses
• [Clear and Systematic Presentation]
• Simple language and systematic presentation, focusing on areas that students typically find challenging
• Solved illustrations and working notes throughout the book to facilitate understanding
• [Additional Resources]
• Practical assignments and the latest question papers included in Vol. II
• Multiple true/false type questions for self-assessment

The contents of the book are as follows:

• Volume I
• Accounting System
• Capital and Revenue Expenditures and Receipts
• Events Occurring after the Balance Sheet Date
• Extraordinary Items, Prior Period Items, Accounting Estimate, Accounting Policies and Fair Value
• Provisions, Contingent Liability and Contingent Assets
• Financial Accounting Principles
• Introduction to Accounting Standards and Ind-AS
• Accounting Process: Journal and Ledger
• Accounting Process: Subsidiary Books, Ledger and Trial-Balance
• Accounting for Goods and Services Tax
• Measurement of Business Income and Revenue Recognition
• Accounting for Property, Plant, Equipment and Depreciation
• Accounting for Intangible Assets
• Inventory Valuation
• Financial Statements of Non-Corporate Business Entities
• Financial Statements for Not-For-Profit Organisations
• Accounting for Inland Branches
• Departmental Accounting
• Lease Accounting
• Computerised Accounting System
• Volume II
• Objective Questions with Answers
• Accounting Process: Journal and Ledger
• Accounting Process: Subsidiary Books, Ledger and Trial-Balance
• Accounting for Property, Plant, Equipment and Depreciation
• Accounting for Intangible Assets
• Inventory Valuation
• Financial Statements of Non-Corporate Business Entities
• Financial Statements for Not-For-Profit Organisations
• Accounting for Inland Branches
• Departmental Accounting
• Lease Accounting
• Computerised Accounting System
• Previous Year Papers
• March, 2023 B.Com. (Hons.), UGCF
• March, 2023 B.Com., UGCF
• January, 2024 B.Com. (Hons.), UGCF
• January, 2024 B.Com., UGCF