Financial Accounting and Reporting

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.

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following completion of the Conceptual Framework Chapter 18 ‘Leasing’ has been revised in response to IAS 17 being superseded Chapter 30 ‘An introduction to digital financial reporting’ has been revised to discuss further developments in financial reporting on the internet Chapter 31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.