Fundamentals of Accounting and Financial Accounting

Build strong accounting foundations with a structured, exam-oriented, and concept-driven text designed for modern learners.

Fundamentals of Accounting and Financial Accounting is a comprehensive academic text that helps readers move from mechanical bookkeeping to meaningful financial understanding. Designed as a progressive learning resource, the book covers foundational accounting concepts, corporate financial statements, financial analysis, cost accounting, managerial applications, and emerging technology contexts such as accounting packages and cloud accounting. It is written to support both conceptual clarity and examination readiness in the Indian academic context.

Book Details

About the Book

Accounting is often introduced as a subject of rules, formats, and procedures. This book takes a broader and more meaningful approach by presenting accounting as the discipline through which business events are identified, measured, recorded, classified, summarized, interpreted, and communicated for decision-making.

The book begins with the elementary foundations of accounting, including meaning, scope, process, terminology, concepts, fraud, and ethics. It then moves into the preparation and understanding of corporate financial statements such as the Statement of Profit and Loss, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement, and Notes to Accounts.

It further develops the analytical side of accounting through financial statement analysis, quality of earnings, ratio analysis, DuPont analysis, distress screening models, and cash-flow-based interpretation. The later chapters extend into cost concepts, cost sheets, activity-based costing, cost management techniques, marginal costing, CVP analysis, short-term decisions, budgetary control, and the growing technology orientation of accounting packages and cloud accounting.

A major strength of the book is its effort to connect accounting procedure with accounting meaning. Rather than treating statements, ratios, or cost figures as isolated computations, the text explains their logic, relevance, and managerial significance. It is also written with examination utility in mind without sacrificing conceptual depth.

Key Features

• Strong foundation in accounting principles, terminology, process, and ethics
• Progressive coverage of corporate financial statements and reporting
• Integrated treatment of financial statement analysis, ratio analysis, and interpretation
• Practical coverage of cost accounting and managerial accounting tools
• Exam-friendly structure with worked illustrations, summaries, review questions, and graded practice
• Indian academic orientation with analytical relevance
• Coverage of accounting packages and cloud accounting for modern learners

Who This Book Is For

• University students
• Examination candidates
• Teachers and instructors
• Independent learners
• Readers seeking a systematic understanding of accounting and managerial analysis

Topics Covered

• Introduction to Accounting
• Forms of Business Organisations and Accounting Implications
• Framework and Process of Accounting
• Basic Accounting Terminology and Concepts
• Fraud, Errors and Ethics in Accounting
• Overview of Corporate Financial Statements
• Statement of Changes in Equity
• Cash Flow Statement
• Notes to Accounts and Annual Report Reading
• Accounting Concepts, Conventions and GAAP Orientation
• Financial Statement Analysis and Interpretation
• Cost Accounting and Cost Management
• Marginal Costing and CVP Analysis
• Budgetary Control
• Accounting Packages
• Cloud Accounting

Authors

Dr. Sangeetha E. Nikkam

Founder & Managing Director, SKILLSPRINT SOLUTIONS PRIVATE LIMITED. A finance, governance, and social development professional with over 15 years of experience across consulting, development, governance, and academia.

Ms. Vyshnavi A

Assistant Professor, JAIN Deemed-to-be University – Center for Management Studies. She is pursuing a PhD in Finance and brings 11 years of teaching experience along with strong academic and professional grounding in finance and accounting.

Mr. Mithun Kumar S

Assistant Professor & Program Coordinator, JAIN Deemed-to-be University – Center for Management Studies. He specializes in finance and accountancy, with interests in startup finance, microfinance, and MSME talent development.

Publisher Information

Jupiter Publications Consortium
22/102, Second Street, Venkatesa Nagar, Virugambakkam, Chennai 600 092, India
Phone: +91 97909 11374
Email: director@jpc.in.net