Corporate Accounting is a comprehensive textbook on accounting for different types of corporate bodies in tune with the growing importance and accounting complexities of the corporate form of business organization. The book is divided into three convenient sections, each comprising independent chapters dealing with a particular aspect of corporate accounting. The book deals exhaustively with the course-content requirements of students preparing for B.Com., M.Com., MBA and other professional examinations. NEW IN FIFTH EDITION Includes a new chapter ‘Accounting for Financial Instruments’ meant for CA Final students dealing with Accounting for Equity Index Options and Equity Stock Options. Explains three new innovative concepts —Lean Accounting, Forensic Accounting and International Accounting—in the chapter ‘Recent Developmetns in Accounting’ Incorporates details of AS 15 (Revised 2005) Contains exhaustive illustrations and problems on buy-back of shares Incorporates all the following amendments– Enactment of the Reserve Bank of India (Amendment) Act 2006 and the Banking Regualtion (Amendment) Act 2007 Issue of three new Accounting Standards AS 30, AS 31 and AS 32 Revision of norms regarding classification of advances and making provisions in case of banking companies Enactment of the Finance Act 2008 Amendment to Bonus Issue Guidelines by SEBI effective from February 2009.