Bloomsbury’s Guide to Understanding Financial Statements – Interpretation, Application and Analytics by B.D. Chatterjee – 1st Edition  2022.

Bloomsbury’s Guide to Understanding Financial Statements – Interpretation, Application and Analytics by B.D. Chatterjee – 1st Edition January 2022.

About the book

Description

Covers the Revised Guidance Notes on Schedule III issued by ICAI in January 2022.

Highlights:

– Lucid commentary on interpretation of Financial Statements,
– Deep dive into the Building Blocks of Financial Statements,
– Application of Financial Statements in Corporate Restructuring and Consolidated Financial Statements and nuances of Financial Reporting of Non-Banking Financial Companies,
– Drill down into Analytics related to Health and Hygiene of the businesses emanating from Financial Statements,
– Covers over 300 Illustrations, charts and case studies explaining the concepts.

Key features of the book

The book assimilates the understanding of Financial Statements into the following sections:

SECTION I addresses the Overview related Financial Statements including current non-current classification:
– Financial Statements
– Current Non-current classification

SECTION II discusses the Building Blocks of developing, presentation and interpretation of Financial Statements:
-­ Shareholders’ Funds
– Non-current Liabilities
– Current Liabilities
– Non-current Assets
– Current Assets
– Statement of Profit & Loss and other Comprehensive Income
– Contingent Liabilities and Assets
– Statement of Cash Flows
– Other Notes on Accounts

SECTION III highlights the application of Financial Statements in Corporate Restructuring and Consolidated Financial Statements:
– Corporate Restructuring
– Consolidated Financial Statements

SECTION IV discusses the Financial Statements and nuances of Financial Reporting of Non-Banking Financial Companies:
– Financial Statements of Non-Banking Financial Companies

SECTION V addresses the analytics related to Health and Hygiene of the businesses emanating from Financial Statements comprising the following:
– Business / Financial Analysis
– Comparative Financial Statements
– Common size Statements
– Trend Ratios
– Forecasting Techniques
– Ratio Analysis