Gain academic and practical understanding of financial accounting and reporting with this comprehensive handbook and learn how to prepare and discuss financial statements in the real world. The 20th edition of Financial Accounting and Reporting by Jamie & Barry Elliott provides a complete view of this demanding subject, equipping you with the knowledge to prepare and critically analyze financial statements. This edition offers enhanced coverage of the interpretation of financial statements in accordance with IFRS, taking into account all the risks that companies and accountants need to address daily.

Moreover, the book offers an extensive analysis of subjects and risks to support your understanding of issues at a commercial and technical level. Important features include improved topic flow and revised explanations that make the text more understandable. Exercises of various levels of difficulty, including questions from past examination topics of professional accounting bodies. Updated illustrations, based on real examples of reports and accounts of international companies. Content of contemporary importance including new material on accountability, sustainability, ethical issues, and the future of audit services.

The handbook provides the latest accounting standards as outlined in IFRS, IAS, and the Conceptual Framework for Financial Reporting, as well as discussion on the proposed IFRS for General Presentation and Disclosures. Tackling the ethical, critical, and technological challenges as an accountant requires extensive academic and professional preparation. This market-leading edition provides the foundation you need to develop the technical and critical skills required to excel later in your career.

Suitable for Second Year Financial Accounting Seminars or Financial Reporting modules in undergraduate and MBA courses.