In the current unprecedented and volatile economic environment which owes much of its malaise to the financial and banking sectors’ behavior, a comprehensive   guide to accounting for investment and financial transactions is a very timely addition to the existing literature on this branch of accounting. This book provides a clear understanding of the intricacies of the evolving products of the investment industry, in a very meticulous and illustrative way. A book which would be highly respected by all discerning professionals in this field.

V. Ranganathan, Partner, Ernst & Young, India.