Details
- Equips financial accounting students with the ability to understand and interpret financial statements by interweaving three essential elements for every accounting issue: 'how the accounting is done', 'why the accounting is done in this way', and 'what it means for the users'.
- Provides a contemporary approach, setting the discussion of accounting issues in the context of the IASB's current aim of decision-usefulness financial reporting.
- A rich supply of worked numerical examples and extracts from real-life company annual reports enhances understanding and brings financial reporting to life.
- Technical material and complex concepts become easily understandable through the use of clear, concise explanations, presented at an appropriate pace and level.
- Graded end-of-chapter questions with online fully worked solutions are available, in addition to visual walk-through solutions to key questions, to build confidence and reinforce understanding.
Are you looking for a fresh, engaging, decision-usefulness approach to financial reporting that encourages students to develop their interpretative skills?
In this brand new intermediate level financial accounting and reporting textbook, a 'how, why, what' approach is interwoven in each chapter. From chapter one, students understand how financial information is prepared and presented, why it is prepared and presented in this way, and what the resulting financial information means for users. Designed for students going to the next stage beyond their introductory financial accounting training, the textbook equips students with all the key tools they will require when they enter professional practice.
Reflective of current International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS), this textbook delivers concise, clear explanations of all the key issues in accounting standards that students need to know. Content maps to professional accounting body syllabi, making this the perfect choice for accounting courses which offer exemptions.
Chapters are jam-packed with 3 types of examples to enhance understanding:
- Illustrative examples of how to account for particular transactions and items and example statements;
- Worked examples walk you through the calculation and presentation of figures required for financial statements;
- Extracts from real-world annual reports demonstrate how the theory relates to financial reporting in practice
More engaging, more balanced, and more affordable than other offerings, this is exactly the textbook your financial reporting students need!
Readership: This textbook is for accounting students taking a financial reporting or financial accounting II module on accounting and finance degrees.
Introduction
1: Financial reporting & accounting
Financial reporting in context
2: The financial reporting system
3: Corporate governance, sustainability, & ethics
4: Published financial statements of companies
5: Interpretation of financial statements
Income statement reporting issues
6: Reporting performance
7: Revenue
8: Earnings per share
9: Taxation
Statement of financial position reporting issues
10: Property, plant, & equipment
11: Intangible assets
12: Current assets
13: Liabilities
14: Leasing
Consolidated financial statements
15: Subsidiaries
16: Associates, joint arrangements, & statements of cash flow statements
Conclusion
17: Interpretation of Financial Statements: revisited
Jennifer Maynard, BSc, ACA, is a Senior Teaching Fellow at the University of Warwick, where she teaches financial accounting and reporting at undergraduate level. This followed many years of teaching at Coventry University and international accounting firm experience. She also carries out external work for the ICAEW.
"'This textbook offers something that up until now was missing from the teaching of accounting. It is hard (if not impossible) to find a book so strong on interpretation, so pedagogical, and so engaging.' " - Ifigenia Georgiou, Lecturer, Aston University
"'This book should be a core text on any self-respecting accounting degree programme. I haven't yet found a mid-level financial accounting book written with such clarity and appeal to discerning students. I welcome the publication of this book.'" - Penny Young, Senior Lecturer and Programme Leader, University of Bolton
"'The chapters provide a good balance between 'interpretation' and the 'technical' issues for an undergraduate level 2 financial accounting module, covering the important concepts using easy to understand examples and illustrations.'" - Jing Li, Senior Lecturer in Accounting, Bradford University
