This revised edition contains legal and professional developments in financial accounting, including the accounting standards FRSs 1-3. The text covers issues in financial reporting and provides a range of questions to test students' understanding and interpretational skills when analyzing financial statements. Answers to the questions are published separately for use by lecturers who adopt the main text as a set book.;The text is designed for use by second-year level students and covers recent professional and legal developments. Undergraduate students of accounting, business and management taking a second or thied year course in financial reporting should find this book of interest, as well as students taking ACCA examinations with a financial reporting component and CIMA stage 2 financial reporting. An ELBS edition is available.
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