The 19th edition of this market-leading text provides a comprehensive overview of financial accounting and reporting, with the aim of ensuring you are able to prepare and also critically discuss IFRS compliant financial statements. With balanced coverage of theoretical principles and up-to-date practical application of current international standards, the authors provide essential knowledge for advancing your studies and career.
New to this edition:
Chapter 7 Concepts evolution of an international conceptual framework has been re-written following completion of the Conceptual Framework
Chapter 18 Leasing has been revised in response to IAS 17 being superseded
Chapter 30 An introduction to digital financial reporting has been revised to discuss further developments in financial reporting on the internet
Chapter 31 Corporate finance and Chapter 32 Integrated reporting: sustainability, environmental and social have been updated to reflect the growing interest in and importance of integrated reporting
Updated and refreshed exercises
Fully updated coverage of IFRS and IAS including latest IFRS 9, 15 and 16
Key features:
Exercises of varying difficulty including questions from past examination papers of professional accounting bodies
Illustrations taken from real-world international company reports and accounts
Extensive references included at the end of chapters
For lecturers, complete solutions to all exercises in book available on catalogue website
This package includes MyLab Accounting. Students, if MyLab Accounting is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN and course ID. MyLab Accounting should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.
Barry Elliott has extensive teaching experience at undergraduate, postgraduate and professional levels. He has wide experience as an external examiner in higher education at all levels of professional education.
Jamie Elliott is a director who has worked for Deloitte, Huawei and Panasonic. Prior to that, he lectured on undergraduate degree programmes and as Assistant Professor on MBA and Executive Education programmes at the London Business School.
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 PREPARATION OF INTERNAL AND PUBLISHED FINANCIAL STATEMENTS
3 Preparation of financial statements of comprehensive income, changes in
equity and financial position
4 Annual Report: additional financial disclosures
5 Statements of cash flows
Part 3 REGULATORY FRAMEWORK AN ATTEMPT TO ACHIEVE UNIFORMITY
6 Financial reporting evolution of global standards
7 Concepts evolution of an international conceptual framework
8 Ethical behaviour and implications for accountants
Part 4 INCOME AND ASSET VALUE MEASUREMENT SYSTEMS
9 Income and asset value measurement: an economists approach
10 Accounting for price-level changes
11 Revenue recognition
Part 5 STATEMENT OF FINANCIAL POSITION EQUITY, LIABILITY AND ASSET
MEASUREMENT AND DISCLOSURE
12 Share capital, distributable profits and reduction of capital
13 Liabilities
14 Financial instruments
15 Employee benefits
16 Taxation in company accounts
17 Property, plant and equipment (PPE)
18 Leasing
19 Intangible assets
20 Inventories
21 Construction contracts
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 income, 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
30 An introduction to digital financial reporting
Part 8 ACCOUNTABILITY
31 Corporate governance
32 Integrated reporting: sustainability, environmental and social
Barry Elliott has extensive teaching experience at undergraduate, postgraduate and professional levels. He has wide experience as an external examiner in higher education at all levels of professional education.
Jamie Elliott is a director who has worked for Deloitte, Huawei and Panasonic. Prior to that, he lectured on undergraduate degree programmes and as Assistant Professor on MBA and Executive Education programmes at the London Business School.
