Balance Sheet Decoded – Keys to Unlock Financial Statements by CA. Gyan B. Pipara is a comprehensive 600+ page, practitioner-focused guide. It features 69 real-company case studies and working-cycle diagrams, providing a step-by-step approach to decode every line item of corporate financial statements—revealing creative accounting, fund diversion, siphoning, and window dressing. Its six-key framework covers Balance Sheet Assets, Liabilities, Profit & Loss, Connecting Statements, Auditor's Opinion, and CARO 2020, with each chapter structured around five elements: What Is It, Do You Know, How to Decode, Case Analysis Box, and Bottom Line. It includes the latest Ind AS, Companies Act 2013 amendments, SEBI, RBI, and MAT provisions under Section 115JB. A three-phase business cycle model—Base, Built-up, and Stress—supports financial distress prediction, complemented by a forensic fraud detection perspective derived from the author's work with IBA, SEBI, SFIO, NIA, and NCB.
