Simply speaking, financial statements mean the statements showing the financial affairs of a person, an enterprise, or an accounting unit. They need to be interpreted and analyzed from various angles to get the true picture. This book, now in its Second Edition, explains the objectives of financial statement analysis and provides with examples the major tools and techniques used for such an analysis. In this edition, the new format for income statement prescribed in Part II of Schedule VI of the Companies Act, 1956 has been incorporated. Implications of these changes on the analysis and interpretation of the statement have also been discussed. The book is meant for the undergraduate and postgraduate students of Management and Commerce.
About the Author
Gokul Sinha (Ph.D.) former Dean, Faculty of Commerce, Business Management and Social Welfare, and Professor, Department of Commerce, University of Calcutta. He has more than 40 years of teaching experience, both at undergraduate and, at postgraduate levels. He is a Member of The Indian Commerce Association and Bengal Economic Association and was an Associate Member of The Institute of Cost and Works Accountants of India. Professor Sinha has published more than 20 articles in reputed professional and academic journals. He has authored six books in Finance and Commerce areas.