This textbook has been prepared for first-year MBA students, having no prior knowledge on financial accounting. Also students, who have learned financial accounting at the undergraduate level, will find the approach refreshing. MBA students, irrespective of their career choice and specialization, need to develop an understanding of accounting principles from user?s perspective. They also need to develop skills for analyzing financial statements and this textbook will be ideally suited for them Coverage just adequate for core financial accounting course in MBA Programmes and can be covered in 30 to 45 hours ? Flexibility to instructors to decide the sequence of topics ? Advanced topics introduced for students aspiring for advanced level knowledge on the subject ? Jargon free, lucid presentation ? Simple examples to explain principles, methods, and concepts ? Self-test questions and review problems ? Graded assignments with focus on variety rather than on numbers, including questions on ethical issues