Corporate Financial Accounting and Reporting

One of the most important financial issues in the 21st Century will be the harmonisation of the accounting rules companies must follow. Corporate Financial Accounting and Reporting recognises the increasingly international nature of accounting. It gives full coverage of international accounting standards and the European Unions Company Law Directives provide its legal framework. The book takes a pragmatic approach to its subject matter, explaining general accounting practices which are not countryspecific and illustrating them with examples from real companies. Corporate Financial Accounting and Reporting is an introductory textbook directed at those using financial reports. Its aim is to help current and future managers gain a thorough understanding of companies published accounts. With this goal in mind, the book is divided into three parts. The first part covers the foundations of accounting and introduces students to the main financial statements. The second part considers the components of financial statements in more depth while the third part explores how investors analyse financial statements.