Financial Accounting and Reporting, 21st edition

Published by Pearson (29 May 2025) © 2025

  • Jamie Elliott Consultant
  • Barry Elliott Consultant
  • Jo Watkins
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In this eTextbook — More ways to learn

  • More support. Get AI help with personalised summaries, instant explanations, and quick translations.
  • More flexible. Start learning right away, on any device.
  • More interactive. Learn through audio, video, and practice.
  • More memorable. Study better with notes, highlights, and flashcards.
Products list
$67.99
Instant access

In this eTextbook — More ways to learn

  • More support. Get AI help with personalised summaries, instant explanations, and quick translations.
  • More flexible. Start learning right away, on any device.
  • More interactive. Learn through audio, video, and practice.
  • More memorable. Study better with notes, highlights, and flashcards.

Title overview

A companion to modules in financial accounting and reporting, this 21st edition equips you with the knowledge to understand, prepare and discuss financial statements with reference to the wider context and practice of financial reporting.

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Table of contents

PART 1 Introduction to accounting on a cash flow and accrual accounting basis

  1. Accounting and reporting on a cash flow basis
  2. Accounting and reporting on an accrual accounting basis

PART 2 Accountability

  1. Corporate governance
  2. Ethical behaviour and implications for accountants
  3. Integrated reporting: sustainability, environmental and social

PART 3 Preparation of internal and published financial statements

  1. Preparation of financial statements of profit or loss and other comprehensive income, changes in equity and financial position
  2. Annual report: additional financial disclosures
  3. Statements of cash flows
  4. Accounting for price-level changes

PART 4 Regulatory framework - an attempt to achieve uniformity

  1. Financial reporting - evolution of global standards
  2. Concepts - evolution of an international conceptual framework

PART 5 Accounting for the elements of the financial statements

  1. Share capital, distributable profits and reduction of capital
  2. Property, plant and equipment (PPE)
  3. Intangible assets
  4. Inventories
  5. Liabilities
  6. Leasing
  7. Revenue recognition
  8. Taxation in company accounts
  9. Employee benefits
  10. Financial instruments

PART 6 Consolidated accounts

  1. Accounting for groups at the date of acquisition
  2. Preparation of consolidated statements of financial position after the date of acquisition
  3. Preparation of consolidated statements of profit or loss, changes in equity and cash flows
  4. Accounting for associates and joint arrangements
  5. Introduction to accounting for exchange differences

PART 7 Interpretation

  1. Earnings per share
  2. Review of financial ratio analysis
  3. Analysis of published financial statements

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