Financial Accounting and Reporting

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.

Balancing 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.

Key features Improved flow of topics and revised explanations which acknowledge current financial reporting requirements and practices. Exercises of varying difficulty including questions from past examination papers of professional accounting bodies. Updated illustrations that incorporate a range of companies' reports and accounts, demonstrating the application of key principles in practice. Up-to-date content includes new material on the preparation of financial statements, revenue recognition, sustainability, corporate governance and accountability. Expanded in this edition with more explanation of group accounts and consolidation. Includes the latest accounting standards, as set out in the IFRS, IAS and the Conceptual Framework for Financial Reporting, as well as a discussion of the recently issued IFRS 18: Presentation and Disclosure in Financial Statements.

Also available with MyLab Accounting

MyLab® is a flexible teaching and learning resource that combines trusted author content with quizzes and assessments, and self-study capabilities. MyLab Accounting for this book includes 1575 auto-graded questions for students to attempt, new interactive reading activities, and new videos explaining key concepts or working through problems.

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 is a contributor to this edition. Jo 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.