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. New to the third edition new Chapter on modern approach of accounting full-fledged Chapter on regulatory framework on accounting and reporting discussions on important topics like if Rs norms, Indian accounting Standards (Ind AS), deferred tax assets and deferred tax liabilities and GST accounting text on business transactions through plastic cards and NET Banking topics on contemporary revenue and expense recognition practices in different industries such as Banking, it, media, hospitality and more online resources The following resources are available to support the faculty and students using this text: for faculty instructors manual power point slides solutions to unsolved problems for students multiple choice questions Table of Contents 1. Introduction to accounting 2. Modern approach of accounting 3. Balance sheet 4. Income statement 5. Objectively verifiable evidence 6. Revenue and expense recognition 7. Analysing transactions 8. Non-current assets 9. Current assets ? cash and Bank 10. Current assets ? Receivables and Inventory 11. Capital and liabilities 12. Bank reconciliation 13. Financial statements preparation 14. Accounting from incomplete records 15. Average due date, account current and Negotiable Instruments 16. Analysis and interpretations of financial statements 17. Cash Flow Statement 18. Foreign exchange accounting 19. Regulatory framework on accounting and reporting 20. Contemporary accounting.