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Financial Accounting, Reporting, and Analysis

Second Edition

Jennifer Maynard

11 May 2017

ISBN: 9780198745310

936 pages

In Stock

Price: £57.99

Offering both technical and interpretative content, this is the only truly balanced financial accounting textbook to provide students not only with the 'how' and 'why' of financial information, but also guidance on what this means in practice.


Offering both technical and interpretative content, this is the only truly balanced financial accounting textbook to provide students not only with the 'how' and 'why' of financial information, but also guidance on what this means in practice.

  • 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.

About the Author(s)

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.

Table of Contents

    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
    Statement of financial position reporting issues
    10:Property, plant, equipment, and impairment
    11:Intangible assets
    14:Financial instruments
    16:Employee benefits and share based payments
    Consolidated financial statements
    18:Associates, joint arrangements, and statements of cash flow
    19:Interpretation of financial statements revisited


"'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

Additional Resources

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