The 19th edition of this market-leading text provides a comprehensive overview of financial accounting and reporting, with the aim of ensuring you are able to prepare and also critically discuss IFRS compliant financial statements. With balanced coverage of theoretical principles and up-to-date practical application of current international standards, the authors provide essential knowledge for advancing your studies and career.



New to this edition:



Chapter 7 'Concepts - evolution of an international conceptual framework' has been re-written following completion of the Conceptual Framework


Chapter 18 'Leasing' has been revised in response to IAS 17 being superseded


Chapter 30 'An introduction to digital financial reporting' has been revised to discuss further developments in financial reporting on the internet


Chapter 31 'Corporate finance' and Chapter 32 'Integrated reporting: sustainability, environmental and social' have been updated to reflect the growing interest in and importance of integrated reporting


Updated and refreshed exercises


Fully updated coverage of IFRS and IAS including latest IFRS 9, 15 and 16



Key features:



Exercises of varying difficulty including questions from past examination papers of professional accounting bodies


Illustrations taken from real-world international company reports and accounts


Extensive references included at the end of chapters


For lecturers, complete solutions