Taxmann's Balance Sheet Decoded - How to Read, Understand & Analyse the Financial Statements, in a Stepwise Manner, with the help of 65+ Case Analysis, ... Diagrams, etc. | 3rd Edition - Sample Read

by G.C. Pipara

This book aims to explain the readers how to read, understand, analyse and interlink the voluminous information available in the financial statement with the help of charts, case analysis, etc. In other words, this book provides in-depth analysis, stepwise approach with the use of case analysis, to understand & decode the financial statements.This book extensively deals with the following issues & suggests on how they can be mitigated through proper analysis of financial in credit risk appraisal and loan monitoring in banksLack of appraisal skills for projects that need specialised skills, resulting in acceptance of inflated cost or aggressive projections etc. How to find out frauds, wilful default, diversion of funds How to find out early warning signs based on proper analysis of financial statementsThe entire concept of decoding of financial statement has been divided into six #1 deals with Statement of Profit & Loss Key #2 deals with Balance SheetKey #3 deals with Concept of Audit and Auditor’s ReportKey #4 relates to Companies Auditor’s Report OrderKey #5 is used for decoding Connecting Statements, and Key #6 is the Master KeyThe Present Publication is the 3rd Edition, authored by G.C. Pipara, with the following noteworthy [Reading between the lines of Financial Statements] and correlating relevant information with proper analysis, using the Authors experience[How to Hone your Skills] to dissect financial statements with surgical precision[Unlocking the Mysteries & Tricks] by explaining how to analyse the various details & detect what has been disclosed and not[Focused Analysis] to find out strengths, early warning signs, frauds, creative accounting, genuineness of various items, etc.o How to read the balance sheet beyond what is visible on the surfaceo How to analyse the informationo How to correlate the various details available[Professional Oriented Book] This book has been developed, keeping in mind the following o Interaction of the author during his trainings to various banks and organisations on credit and analysis of financial statementso Shaped by the authors experience of 38+ years being a chartered accountant, research analyst and fraud investigatoro Reaction and responses of attendees during the trainings, have also been incorporated at different places in the book[New Chapter on CARO 2020] has been considered in detail under Key #4 | The Companies Auditor’s Report Order. [Updated & Amended] All changes made in the Companies Act and latest position as at the end of March 2021 has been considered in this book

Kindle Edition

Published April 24, 2021

Reviews

[Vinay Mishra · Rating 5 out of 5]

In this textbook, the author has offered comprehensive and detailed insights into every nook and corner of the financial statements, balance sheet, auditor’a notes etc. Written in a lucid manner and with profuse use of relevant examples, the points are driven home cogently. The author has laid due emphasis on otherwise ignored but critically important portions such as CARO Report, Significant Accounting Policies and Notes on Accounts.
The book is unparalleled in its scope and approach. It is a worthy read for every student of finance and accounting.

[Agnes EJ · Rating 2 out of 5]

The books has only the basics for a starter, not good for indepth knowledge