|Advanced Financial Reporting||
Advanced Financial Reporting
Advanced Financial Reporting provides a current and comprehensive guide to international accounting standards. Covering both IFRS and IAS, this book adopts a user-friendly structure. By clearly explaining the theory behind each standard and then illustrating its application in worked examples, this text makes a technical subject accessible and easy to understand.
This text has been written primarily for intermediate and advanced students of Financial Reporting studying an undergraduate or masters level programme. It is also appropriate for students studying for professional exams on IFRS.
Key features include:
Part 1: A BRIEF HISTORY OF ACCOUNTING
1. The rise of Accounting
Accounting in ancient times
Evolution of double entry book-keeping
Economic consequences of financial statements
Impact of technological revolution
Part 2: A THEORETICAL FRAMEWORK FOR ACCOUNTING
2. Conceptual framework
Introduction to IASB’s Framework
Objective of financial reporting
- underlying assumptions
- qualitative characteristics
- measurement basis
- recognition criteria
- capital maintenance concepts
3. Alternative income models Historical cost accounting
Current purchasing power
Current cost accounting
Part 3: FINANCIAL REPORTING REGULATION
4. The regulatory environment
Purpose of regulation
Sources of regulation
Role of management
Impact of financial statements
5. The Annual Report
Contents of the annual report
Evolution of th
Advanced Financial Reporting: A complete guide to IFRS
Advanced Financial Reporting is a detailed guide to international accounting standards, with coverage of every IFRS and IAS. This includes areas such as accounting for assets, liabilities, equity, consolidated financial statements, reporting financial performance and financial instruments.
This text traces the evolution of modern accounting and outlines why accounting standards have global economic consequences. It explains the IASB's conceptual framework, the regulatory environment in which financial statements are prepared and the use of the annual report as a public relations tool. With a focus on the cultural changes required to combat creative accounting in annual reports, this book explores why management often seeks such 'creative accounting' - and how the development of principle-based standards, an increased focus on ethics, improved corporate governance and an emphasis on corporate social responsibility can provide solutions.
This text has been written primarily for intermediate and advanced students of financial reporting, and for those preparing for the examinations of the professional accountancy bodies.
Key features include:
Derry Cotter is a lecturer in accounting at University College Cork, Ireland.
Derry Cotter is a Lecturer in Accounting at University College Cork, Ireland
'By far the best text on the market.'
Mr John Wyett
Norwich Business School, University Of East Anglia, Norwich, UK