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? New material on pensions? Inclusion of FRED 21: Accounting Policies? Discussion paper on Leases: Implementation of a New Approach. ? Teacher's Manual available to lecturers ? Recommended reading by Association of Chartered Certified Accountants Chartered Institute of Management Accountants Chartered Institute of Public Finance and Accountancy Chartered Institute of Bankers Financial Accounting & Reporting 5th edition continues to be the ideal core textbook for financial accounting, reporting and interpretation at second and final year undergraduate and postgraduate level. It is also suitable for use on professional accounting programmes. Barry Elliott is a training consultant. He has extensive teaching experience at undergraduate, postgraduate and professional level at universities in the UK and has also taught in China, Hong Kong, New Zealand and Singapore. He has wide experience as an external examiner both in higher education, 'A' level and at all levels of professional education. Jamie Elliott is a senior manager with Deloitte & Touche.;Prior to this he was a Lecturer in accounting at the University of Southampton and an assistant professor teaching on MBA and Executive programmes at the London Business School.