Financial reporting

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Learning activities and worked examples are used throughout to develop students' problem-solving abilities.
Covers all the essential topics on advanced financial accounting syllabuses.
Contains past exam questions at the end of chapters.
Updated with the latest FRSs, provides great coverage of current UK GAAP.
Coverage of IFRS 1, First-time Adoption of International Financial Reporting Standards, which sets out the procedures that an entity must follow when it adopts IFRS for the first time as the basis for preparing its general purpose financial statements.
More coverage of the impending adoption of IAS, in the light of DTI/ASB announcement that that all UK companies, not only public companies, can adopt IAS in 2005.

The conceptual framework.
- Accounting Theory, or Accounting can be Interesting.
- The Objectives of Financial Statement and their Usefulness to the General User Groups.
- Traditional Accounting Conventions.
- Economic Valuation Concepts.
- Current Entry Values
- Current Exit Value and Mixed Values
- Current Purchasing Power Accounting
- The UK Position: Past, Present and Future?
- Some Possible Extensions to the Accounting Framework.
- Towards a General Framework.
- The International Dimension.
The legal framework.
- Limited Liability Companies.
- The Companies Act and Published Accounts.
The regulatory framework.
- The Accounting Standard Setting Process.
- Accounting Principles (FRS 18, SSAP 2, ASB Statement of Principles).
- Fixed Assets and Goodwill (FRS 10,11,15, SSAP 4, 12,19, 22).
- Research and Development (SSAP 13).
- Substance Over Form.
- Leases and Hire Purchase Contracts (SSAP 21).
- Stock and Long-term Contracts (SSAP 9).
- Taxation (FRS 16 and 19, FRED 19, SSAP 5, 8 and 15 and discussion paper).
- Pension Costs (FRS 17, FRED 20, SSAP 24).
- Post- Balance Sheet Events and Provisions and Contingencies (SSAP 17, FRS 12).
- Group Accounts and Associated Companies (SSAP 1, 14, 23 and FRS 2, 6, 7, and 9).
- Foreign Currency Translation (SSAP 20).
- Reporting Financial Performance (SSAP 3,25, FRS 3, FRED 22 and discussion paper).
- Cash Flow Statements (FRS 1).
- Interpretation of Financial Statements.
- Financial Statement Analysis.