Monday, September 17, 2007

Purchase of shares

Book Value
Basic Financial Accounting for Management
Paresh Shah
(www.oup.com)

Financial accounting primer

If you are looking for a starter book on finance, here is Basic Financial Accounting for Management by Paresh Shah ( www.oup.com). Written to help the self-learner, the book has exercises and case studies in ample measure, apart from a discussion of the basics in a simple style.

For instance, in a section on ‘buyback of shares’, Shah explains that the phrase refers to the act of purchasing own shares by a company ‘either from free reserve, securities premium, or proceeds of any shares or securities’.

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