Emerging Dimensions of Accounting in the Information Age
Contents: 1. Accounting education in the new millennium with respect to emerging dimensions of finance and accounting in the information age. 2. The accounting lab. 3. Harmonization of Indian accounting standards with international standards. 4. US GAAP and Indian accounting standards : a comparison. 5. Human resources accounting practices in public undertaking in India. 6. The balanced scorecard : an applied analysis. 7. Accounting and societal concept. 8. Mahajani system of accounting. 9. Existence of accounting in retrospect. 10. An accounting insight into treasury operations of buy-back of shares. 11. Financial statistics in national accounting. 12. Corporate governance the role of accounting professionals. 13. Financial performance analysis through MVA. 14. Managing NPAs in banks. 15. Transfer pricing and tax planning. 16. The theory of transaction costs : a frame of analysis. 17. Emerging issues in environmental accounting. 18. EVA as performance indicator : a case study of Infosys. 19. Accounting for electric power industry: the Indian scene. Bibliography. Index.
"The principals of historical accounting have failed to ensure maintenance of capital of the enterprise as well as present the true and fair financial position of the enterprise in real term due to change in business environment, economic condition such as value of human resources and application of advance technology. GAAP have come under various attack, ICAI has failed to develop such a model. The main objective of this book shall be considered achieved if it proves positive and received good suggestions to our accounting professionals and professional bodies research organizations and policy makers in the corporate sectors.
The present volume contains nineteen chapters. The book aims to examine different issues related to accounting i.e. Harmonization of Indian accounting standards, environment cost accounting, concept of corporate governance in India and other countries of world, financial statistics within the latest framework of national accounting through the financial corporate sector, the difficulties in arriving at a unanimous and unambiguous arm\'s length price due to various options made available in the tax laws as also due to variety of international transactions etc. This book will definitely be very useful to research scholars and students who wish to explore new dimensions in accounting." (jacket)
