This book bridges the gap between the accounting and the actuarial sides of Indian life insurance companies, by exploring the relationships between the embedded value calculated by actuaries and the revenue account and balance sheet prepared by the accountants. The author provides publicly available sources of information to place a value on the shares of Indian life insurance companies from an outsider's point of view. Life insurance company accounts are complex and require knowledge of specific concepts in order to analyze and appreciate them. This book will help a layperson with reasonable numerical abilities understand the calculation of the share price of a life insurance company. In particular, it will help analysts and accountants with no actuarial background understand the concepts of embedded and appraisal value. Cash flow statements of these companies are often ignored and delegated to the background or usually to a single page in their annual reports. This book examines the cash flows in detail and rearranges them to get a better picture of the financial health of the underlying companies. It also explains the relationship between the different measures of profit such as cash reserves, surplus, profit after tax, and embedded value. Often this information is only available internally or to consultants. The author uses alternative approaches based purely on public disclosures by these companies, thereby enabling professionals without access to internal information to come to informed judgments about the actual performance of the companies.

Financial Accounting for Management 3e is intended for the 1st semester students of MBA. With its application-oriented approach including examples using the three columnar ledger account format, the book will be useful for students and professionals, both. The book is divided into 20 chapters and 5 parts. Part I on Fundamentals of Accounting discusses the modern approach of accounting, balance sheet and income statement. Part II on Recognition and Types of Transactions covers revenue and expense recognition, non-current & current assets, capital & liabilities. Part III on Preparation of Financial Statements discusses bank reconciliation, financial statements preparation and accounting from incomplete records. Part IV on Analytical Accounting covers average due date, account current and negotiable instruments and cash flow statements. Part V on Special Topics includes Foreign Exchange Accounting, Regulatory Framework on Accounting and Reporting and Contemporary Accounting.

The existence and persistence of high profile alleged financial statement fraud (FSF) have negatively affected the safety and soundness of financial markets and investors confident in public financial information. Forensic accounting has advanced as an important and rewarding field of accounting to prevent, detect, and correct FSF. There has been significant demand for and interest in forensic accounting as well substantial growth in both investigation and litigation services. The first volume addresses the relevance and importance of forensic accounting and fraud examination as well as the framework and structure of forensic accounting practices. The author presents an introduction to forensic accounting and financial statement fraud examination and their relevance and importance to businesses, financial markets, economies and society. Also discussed is forensic accounting opportunities, skills, and services; forensic accounting profession; and professional responsibilities and codes of conduct for forensic accountants. Finally, forensic accounting best practices, education, and research are touched on.