The seventh edition of this popular and established text, Financial Reporting,
combines financial accounting theory with a detailed examination of the legal
and regulatory framework of accounting. The clear explanations, interspersed
with activities and feedback to stimulate interest in the topics, make it the
ideal text for second and third year students of accounting, MBA and
professional students. Financial Reporting has been completely revised and
updated to incorporate the first International Financial Reporting Standard
(IFRS 1), the latest Financial Reporting Standards (FRS) and Financial Reporting
Exposure drafts (FREDS). Written in a clear and accessible style, the text
covers the latest ASB documents up to and including FRS19 on