Financial Accounting and Reporting, 20th edition

Published by Pearson (July 5, 2024) © 2024

  • Jamie Elliott Consultant
  • Barry Elliott Consultant

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  • A print edition

Title overview

Gain an academic and practical understanding of financial accounting and reporting with this comprehensive textbook.

Financial Accounting and Reporting, 20th edition by Jamie & Barry Elliott is a complete guide to this demanding subject, equipping you with the knowledge to prepare and critically discuss financial statements.

This version offers more on the interpretation of financial statements, updates to the IFRS Standards and supports your understanding of the issues for the accounting profession and the need for commercial and technical competence.

With expanded content on ethical issues and accountability, this market-leading text provides the foundation to develop the skills you need and excel in your career.

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 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 3 REGULATORY FRAMEWORK – AN ATTEMPT TO ACHIEVE UNIFORMITY

  1. Financial reporting – evolution of global standards
  2. Concepts – evolution of an international conceptual framework
  3. Revenue recognition

PART 4 STATEMENT OF FINANCIAL POSITION – EQUITY, LIABILITY AND ASSET MEASUREMENT AND DISCLOSURE

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

PART 5 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 6 INTERPRETATION

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

PART 7 ACCOUNTABILITY

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

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