Synopsis Value Added Accounting and Reporting the newly developed accounting and reporting system, is aimed aat adding a new dimension to the existing system of corporate financial accounting and reporting through the disclosure of additional information regarding the account of wealth of an entity has created in the accounting period and the way the wealth has been distributed by the entity amongst those that here contributed to its creation. This book covers almost all the aspects of Value Added Accounting ad Reporting as well as Value Added Tax (VAT) system prevailing in India and abroad.