Financial Accounting, Reporting and Analysis

Increased globalisation and the need to compete on equal terms for global capital has highlighted the need for greater harmonisation of financial reporting throughout the world, so that capital markets can operate efficiently. It is clear that International Standards are going to play an important role in achieving this.

This new text by Elliott and Elliott is based on their market-leading book 'Financial Accounting and Reporting' but uses International Accounting Standards as its framework. It offers a balance of theoretical and conceptual coverage with up-to-date practical applications and illustrations taken from real company reports and accounts.

Features

• Comprehensive and up-to-date coverage of financial accounting, including new chapters on employee benefits, consolidated accounts and corporate governance.
• Illustrations taken from real published accounts to demonstrate the practical application and limitations of the subject
• Excellent range of review questions for use in seminars or for revision purposes
• Exercises of varying difficulty with solutions to selected exercises provided at the back of the book
• Extensive references included a the end of each chapter

Contents

Part One - INCOME AND ASSET VALUE MEASUREMENT SYSTEMS

• 1 Accounting and reporting on a cash flow basis
• 2 Accounting and reporting on an accruals basis
• 3 Income and asset value measurement: an economist's approach
• 4 Changing price levels: the developing approach
• 5 Changing price levels: financial reporting practice

• 6 International reporting and interpretation
• 7 Conceptual framework
• 8 Published accounts of companies
• 9 Preparation of published accounts
• 10 Cash flow statements

• 11 Share capital, capital maintenance and distribute profits
• 12 Reduction of share capital
• 13 Off balance sheet finance and capital instruments
• 14 Employee Benefits
• 15 Taxation in company accounts

• 16 Property, Plant and Equipment
• 17 Leases
• 18 R & D; goodwill and intangible assets; brands
• 19 Inventories
• 20 Construction contracts

• 21 Accounting for groups at sate of acquisition
• 22 Preparation on consolidated balance sheets after date of acquisition
• 23 Preparation of consolidated income statements
• 24 Accounting for associated companies
• 25 Accounting for unitings of interest
• 26 Accounting for the effects of changes in foreign exchange rates
• 27 Review of financial ratio analysis
• 28 Trend analysis and multivariate analysis
• 29 Earnings per share
• 30 Corporate governance
• 31 Ethics
• Appendix: Outline solutions to selected exercises
• Index