GDS launches book on accounting

Global Data Services of India, a wholly owned subsidiary of CRISIL, has launched the second edition of  'Accounting & Analysis - The Indian Experience'.

The second edition covers a number of issues relating to accounts, its trends and the various accounting practices adopted by various listed Indian companies. The first edition was published in 2003 and received a good response from the student community and corporates.

Speaking at the launch, Madhu Dubhashi, CEO of GDS said, "Recognising the need to bridge the gap between accounting concepts and the real world of accounting, the second edition is especially published for students who are  pursuing higher education in areas of business management, chartered accountancy and related fields.

The book is useful for professionals, who are not in a position to keep abreast of the latest accounting trends and uses illustrative examples of more than 200 Indian companies listed on the Indian stock market for a better perspective, she added.

The book covers areas like capitalisation of expenses and their effect on fixed asset values, exposure to subsidiaries and associates and their impact on profits, operating and non-operating income of corporates, deferred taxes, expensing of employees stock options and impairment of assets.

The book also explains in detail the implications of direct write-offs from reserves and its impact on future profitability.

A few examples of mergers and demergers, analysed entirely from data available in annual reports, have also been added for the interest of readers.

Auditors' comments have also been reproduced from annual reports, to give a deeper insight into the new accounting trends.

The books is priced at Rs. 500 per copy. Books ordered through educational institutes will be supplied at Rs.300 each. The books are available at CRISIL offices.  

The core business of Global Data Services is to analyse annual accounts of Indian and global companies.