Message from our founder S.P.Jain

The last few years have witnessed significant changes in accounting and finance curriculum of almost all the universities and professional institutes. These new changes present itself both the challenge as well as an opportunity to the students to improve upon their financial acumen.

Our various books on subjects of financial accounting, cost accounting, management accounting and cost management are most updated and comprehensive to suit the changing curriculums and laws.

Myself, along with my team of key content writers, ensure that the topic discussed is aptly complemented by its application also. You will find numerous solved illustrations along with plenty of problems for practice of the students.

For all unsolved practice problems at the end of the chapters, the solutions are available in form of another book titled solution to practical problems of that subject.

We encourage teachers and students alike to critically examine the book and let us know the areas for further improvement. We shall duly acknowledge their inputs. We also thank the teaching community for their support and appreciation since 1969, when we brought out our first book.

Happy Reading


About Prof. S.P.Jain

S.P Jain, an eminent Author, Educator and Business Consultant,  focused his research and publication on issues in financial accounting, cost/management accounting, corporate accounting and strategic cost management. He contributed number of articles in leading management, economic and business journals. His body of work speaks volumes of the dedication towards his profession. He has authored number of books on financial accounting, management accounting, cost accounting, corporate accounting, and advanced management accounting (Strategic management accounting). All these books are being widely used as texts in India and abroad. In addition to this, he has taught in variety of executive trainings programs   in the area of Finance and Costing. His 48 years of research, understanding and experience have helped people on the path of personal growth and fulfillment of career objectives.

S.P Jain retired as professor from ShaheedBhagat Singh College, Delhi University after serving for more than 35 years. He came to Delhi in 1969 after serving Punjab University for 5 years as lecturer in commerce. He received his degrees in (H) and M.Com from Agra University. He was also Associate member of Institute of Cost Accountants of India.

He has taught several courses at graduate and post graduate level. He was closely associated with premier professional institutes like Institute of Chartered Accountants of India, Institute of Cost Accountants of India and Institute of Company Secretaries of India as a faculty resource, examiner and paper setter. His interests were purely academic in nature and have always endeavored to contribute in the area of accounting and finance.

Team Of S.P.Jain

Dr. Simmi Jain Agarwal

Simmi Jain Agrawal, a Fellow member of the Institute of Chartered Accountants of India (FCA), and Associate member of Institute of Cost and Management Accountants of India (CMA) . She has graduated from Shri Ram College of Commerce, University of Delhi and holds a master degree in commerce and Ph.D. in management. She received R.L Gupta Gold medal upon her graduation from Shri Ram College of Commerce. She is a certified Information System Auditor. She has a mix of corporate and academic experience of more than 25 years.

Her fields of involvement in research work in the form of articles in various national and international journals span across from Corporate Accounting to Strategic Cost management.

She has co-authored a number of acclaimed books on Accounting, Finance and Cost Management published by Kalyani Publishers.

Dr Agrawal works as a freelance consultant and corporate trainer. She is the Director of the firm Synergy I Ventures. She has designed and delivered numerous middle and senior management executive development programs for organizations, including Genpact, IBM, HDFC Bank, BPCL, IOC, GAIL, NTPC, NIBSCOM, Oriental Bank of Commerce, Syndicate Bank in the area of Taxes and Tax Planning, Financial Planning, Finance, Accounting, Project Financing, Strategic Cost Management, Investment Management, Working Capital Management.

Hitesh Jain

Hitesh Jain is responsible for providing the overall strategic & management leadership to the company. He is in charge of shaping the company’s vision especially with respect to business strategy, finance, business development & new initiatives. Hitesh Jain has an extensive experience of Indian financial markets.

He Graduated in Commerce (B.Com Hons) from Delhi University in the year 1996.He completed hisMaster’s in Business Administration, Finance specialization in the year 1998. He is naturally inclined to interact closely with all teaching fraternity. 

CA Nishant Agrawal

Nishant Agrawal is a Associate member of the Institute of Chartered Accountants of India and a commerce graduate from Delhi University. He carries a rich experience in Accounting and Finance, Direct Tax, Transfer Pricing and Audit .
He has also been actively involved in preparation of Financial Statements, Annual Reports, Consolidated Financial Statements, Cash Flow Statements, Capital Adequacy Ratio, Disclosures& Notes to Accounts, and Memorandum to Audit Committee/Board and related Annexure.

He has an academic bent of mind and is a crucial part of the team.He is a regular contributor of research papers on accountancy and allied subjects. He assists in revising the  Financialaccounting , Corporate accounting ,Cost Accounting and Cost and Management Accounting  books.

CA Urvashi Gupta

Urvashi Guptais a fellow member of the Institute of Chartered Accountants of India and a commerce graduate from Rohilkhand University.She is associated with the team since 2014 . She carries a rich experience in Accounting and Finance. Her areas of interest are Accounting Standards.

As an individual with high quality standards, excellent teaching skills, and strong organizational skills, she makes a strong contribution to our team.

CA Anand Kishor Gupta

Anand Kishor Gupta  is a Chartered Accountant from Institute of Chartered Accountant of India and Graduate in Commerce. He brings with him over 5 years of experience out of which 3 years exclusively in Teaching and Assisting the students of Commerce stream at school and coaching centre. He has developed effective lessons plans, exercise, and performance assessment to improve the score in various levels of exams.

Ankur Gupta

Ankit Gupta is Chartered Accountant (Finalist) from Institute of Chartered Accountants of India, and Graduate in Commerce from Delhi University. He brings with him over 4 years of experience in Accounting, Finance, Tax Planning and Teaching in Commerce stream. He is eager to apply his strong accounting and teaching background, ambition, and organizational skills in order to provide best services of Accounting & Teaching in accordance with applicable Ind AS, IFRS, and Tax Laws.

During his time at learning and practice, he has gained valuable expertise in a wide range of accounting, taxation and financial management functions. As part of his growth, he applies his expertise in teaching for the growth of students of commerce stream. He also prides himself in being a team player, always providing detailed analysis, feedback, finding and eliminating redundancies.