Financial Accounting, Reporting, and Analysis

Second Edition

Jennifer Maynard

Equips financial accounting students with the ability to understand and interpret financial statements by interweaving answers to three essential questions that should be asked for every accounting issue: How is the accounting done? Why is the accounting done in this way? and What does it means for the users?.
Provides a contemporary approach, setting the discussion of accounting issues in the context of the IASB's current aim of decision-usefulness financial reporting.
A rich supply of worked numerical examples and extracts from real-life company annual reports enhances understanding and brings financial reporting to life.
Technical material and complex concepts become easily understandable through the use of clear, concise explanations, presented at an appropriate pace and level.
Graded end-of-chapter exercises and fully worked solutions are available online, with visual walk-through solutions to key questions to build confidence and reinforce understanding.

New to this Edition:

A brand new chapter on financial instruments based on the latest and final version of IFRS financial reporting standards.
A brand new chapter on employee benefits and share based payments which concentrates on how companies account for post-retirement benefit plans (pension schemes) and all forms of share-based payments.
This second edition has been substantially updated to reflect all changes in IFRS and the regulatory environment. Chapter 7 is now based entirely on IFRS 15, and Chapter 15 covers the new replacement standard IFRS 16 whilst also mantaining details of IAS 17. Chapter 2 has been fully revised to include a discussion of the proposals contained in IASB's 2015 Exposure Draft of the Conceptual Framework for Financial Reporting.

Financial Accounting, Reporting, and Analysis

Second Edition

Jennifer Maynard

Description

Are you looking for an engaging, decision-focussed approach to financial reporting that encourages students to develop their interpretative skills?

Building on the success of the first edition, this textbook takes a 'how, why, what' approach to financial accounting, interwoven in each chapter. From chapter one, students understand how financial information is prepared and presented, why it is prepared and presented in this way, and what the resulting financial information means for users. Designed for students taking a step beyond their introductory financial accounting training, the textbook equips them with all the key tools they will require when they enter professional practice.

Reflective of the latest International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS), this textbook delivers concise, clear explanations of all the key issues in accounting standards that students need to know. Content maps to professional accounting body syllabi, making this the perfect choice for accounting courses which offer exemptions.

Chapters are rich with 3 types of examples to enhance understanding:
- Illustrative examples of real-world situations;
- Worked examples demonstrating the calculation of figures required for financial statements;
- Extracts from company annual reports demonstrate how the theory relates to financial reporting in practice.

More engaging, more balanced, and more applied than other offerings, this is exactly the textbook your financial reporting students need!

An extensive Online Resource Centre accompanies the textbook and includes:

For students:
· Solutions to all the end-of-chapter questions in the book including walkthroughs of solutions to key questions;
· Additional graded questions including professional body questions;
· Additional interpretative case studies based on real-life companies;
· A guided tour through a company report
· Specific study skills tips for accounting students

For lecturers:
· Customisable PowerPoint slides
· Solutions to all the additional online questions
· Outline solutions to the interpretative case studies
· Group discussion questions

Financial Accounting, Reporting, and Analysis

Second Edition

Jennifer Maynard

Introduction
1:Financial reporting and accounting
Financial reporting in context
2:The financial reporting system
3:Corporate governance, sustainability, and ethics
4:Published financial statements of companies
5:Techniques for the interpretation of financial statements
Income statement reporting issues
6:Reporting performance
7:Revenue from contracts with customers
8:Earnings per share
9:Taxation
Statement of financial position reporting issues
10:Property, plant, equipment, and impairment
11:Intangible assets
12:Inventories
13:Liabilities
14:Financial instruments
15:Leases
16:Employee benefits and share based payments
Consolidated financial statements
17:Subsidiaries
18:Associates, joint arrangements, and statements of cash flow
19:Interpretation of financial statements revisited

Financial Accounting, Reporting, and Analysis

Second Edition

Jennifer Maynard

Author Information

Jennifer Maynard, Senior teaching fellow, University of Warwick

Jennifer Maynard, BSc, ACA, is a Senior Teaching Fellow at the University of Warwick, where she teaches financial accounting and reporting at undergraduate level. This follows many years of teaching at Coventry University and international accounting firm experience. She also carries out external work for the ICAEW.

Financial Accounting, Reporting, and Analysis

Second Edition

Jennifer Maynard

Reviews and Awards

"'A very engaging book with worked examples in each chapter and excelleng online resources to support students' learning. It offers a fresh approach to teaching accounting and achieves the perfect balance between the theoretical foundations and interpretation of financial statements.'" - Didem Gundogdu, Lecturer in Accounting, Queen Mary University of London

"'An excellent reference for both undergraduate and postgraduate level students who want to understand the mechanics of preparing financial statements under the IFRS. It makes technical accounting information easy to understand.'" - Thakur Ghimire, Senior Lecturer and Programme Leader, Lincoln Business School