This fifth edition features chapters on foreign currency transactions and ethics for accountants. It addresses the theory and conceptual underpinnings of finacial accounting and reporting in great depth.
Now revised annually to reflect the frequent changes in accounting regulation, Financial Accounting and Reporting by Elliott and Elliott has become a leading text in its field. It provides thorough coverage of the theoretical and conceptual underpinnings of financial accounting and reporting, whilst illustrating their practical application and limitations. The text has been fully revised and updated to reflect the current changes in both mandatory and voluntary regulation. Key features of the text: ? Comprehensive coverage ? Illustrations taken from real published accounts? Excellent range of review questions? Exercises of varying difficulty with solutions to selected exercises provided at the back of the book? Extensive references New to the fifth edition: ? Fully updated to June 2000 to cover the latest ASB pronouncements? The structure of the text has been revised and introduces the Balance Sheet earlier in the text with the chapter on Earnings per Share integrated into the section on Interpretation.? Coverage of taxation ahs been substantially revised and expanded to include details of FRS 16: Current Tax and FRED 19: Deferred Tax? Coverage of the ASB's Statement of Principles