Financial Accounting and Reporting, 21st edition provides a complete overview of this demanding subject, equipping you with the knowledge to understand, prepare and critically discuss IFRS-compliant financial statements with reference to the wider context and practice of financial reporting.
By covering technical areas using step-by-step worked examples, and drawing out the commercial implications, this comprehensive and detailed textbook can become a companion to your modules in financial accounting and reporting across more than one stage of your course.
Including both theoretical principles and up-to-date practical applications of international standards, this textbook provides you with a foundation to develop the skills you need to advance your career.
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PART 1 Introduction to accounting on a cash flow and accrual accounting
basis
1 Accounting and reporting on a cash flow basis
2 Accounting and reporting on an accrual accounting basis
PART 2 Accountability
3 Corporate governance
4 Ethical behaviour and implications for accountants
5 Integrated reporting: sustainability, environmental and social
PART 3 Preparation of internal and published financial statements
6 Preparation of financial statements of profit or loss and other
comprehensive income, changes in equity and financial position
7 Annual report: additional financial disclosures
8 Statements of cash flows
9 Accounting for price-level changes
PART 4 Regulatory framework an attempt to achieve uniformity
10 Financial reporting evolution of global standards
11 Concepts evolution of an international conceptual framework
PART 5 Accounting for the elements of the financial statements
12 Share capital, distributable profits and reduction of capital
13 Property, plant and equipment (PPE)
14 Intangible assets
15 Inventories
16 Liabilities
17 Leasing
18 Revenue recognition
19 Taxation in company accounts
20 Employee benefits
21 Financial instruments
PART 6 Consolidated accounts
22 Accounting for groups at the date of acquisition
23 Preparation of consolidated statements of financial position after the
date of acquisition
24 Preparation of consolidated statements of profit or loss, changes in
equity and cash flows
25 Accounting for associates and joint arrangements
26 Introduction to accounting for exchange differences
PART 7 Interpretation
27 Earnings per share
28 Review of financial ratio analysis
29 Analysis of published financial statements
Jamie Elliott is a director who has worked for Deloitte, Huawei, Panasonic, and more. Prior to his corporate career, he lectured in undergraduate degree programmes and was Assistant Professor in MBA and Executive Education programmes at London Business School.
Barry Elliott has extensive teaching experience in undergraduate, postgraduate, and professional programmes in England, New Zealand, China and Singapore. He has worked for Coopers & Lybrand as a Training Manager in London and National Training Manager in Australia. He has extensive experience as an external examiner in higher education and at all levels of professional education.
Jo Watkins teaches MBA level and undergraduate Accounting and Finance students at the University of Birmingham in the UK and delivers modules overseas in Singapore and Dubai with the university's partners.
Contributors to this edition also included Emily Jobling, Coventry University, and Ian Crawford, University of Bath.
