Description

Financial Accounting & Reporting is the book that helps students and professionals succeed in their studies and the workplace by providing practical support and clear principles for applying international standards and preparing financial statements.

 

MyLab Accounting is not included. 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.

Features

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

New to this Edition

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• Chapter 18 ‘Leasing’ has been revised in response to IAS 17 being superseded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

Table of Contents

Preface

Part

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 economist’s 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

Index

Back Cover

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

Join over 10 million students benefiting from Pearson MyLabs

This title can be supported by MyLab Accounting, an online homework and tutorial system designed to test and build your understanding. MyLab Accounting provides a personalised approach, with instant feedback and numerous additional resources to support your learning.

• A personalised study plan

• Usable either following chapter-by-chapter structure or by learning objective

• New questions and case studies to help you apply what you’ve learned

• Worked solutions showing you how to solve difficult problems

• Limitless opportunities to practice

Use the power of MyLab Accounting to accelerate your learning. You need both an access card and a course ID to access MyLab Accounting:

1.   Is your lecturer using MyLab Accounting? Ask your lecturer for your course ID

2.   Has an access card been included with the book? Check the inside back cover of the book

3.   If you have a course ID but no access card, go to www.pearson.com/mylab/accounting to buy access

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.

Author

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.