Summary

This market-leading text offers students a clear, well-structured and comprehensive treatment of the subject. Supported by illustrations and exercises, the book provides a strong balance of theoretical and conceptual coverage. Students using this book will gain the knowledge and skills to help them apply current standards, and critically appraise the underlying concepts and financial reporting methods. New features for this edition are: fully updated to May 2006; updated coverage of IFRSs; now covers IAS 41; new coverage of IAS 37 Non-financial Liabilities; selected chapters include brand new additional questions and exercises; includes more examples of extracts from real financial reports; and fully supported by a comprehensive set of multiple choice questions online covering all Parts of the text.