The text is a students' guide to accounting and financial reporting standards to the level appropriate for intermediate and final students of all the main professional accountancy examinations. It highlights the key points of each standard, and uses actual up-to-date company-account extracts to show their practical applications. This edition states the position as at 30th June 1996 and is appropriate for examinations up to and including June 1997. Should any major changes be made before the next edition is published, a free update is available on application to the publishers about a month before examinations. The guide is used on the following courses: ACCA, ICSA, ICAEW, IcomA, CIB, BTEC Higher National and BA business and accounting. It is also on the reading list of CIMA.
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Changes since the 7th edition
There have been many changes in accounting standards since the date of the last edition - 5 new standards and many minor revisions. The new edition is totally updated, with extra features such as chapter summaries, discussion questions and answers and a new 'standards in transit'appendix which includes those standards which, though replaced by new standards, will be applied by companies for some time yet. All the actual company account extracts have also been updated.
Students' Guide to Accounting and Financial Reporting Standards, 8th edition is ideal for students of accounting and business studies at undergraduate level or those who are taking professional or technician level accounting courses. It will also be of use to postgraduate students and professional accountants. It is the market leading accounting standards text for students. Previous editions have gained the text a reputation for its up-to-date, comprehensive and accessible coverage of accounting standards. This new edition has been thoroughly revised to include all new standards up to and including FRS 19. Many actual company examples are used and the background to the standard setting process is explained.
Key Features
Accounting standards are made accessible by highlighting the key points of each standard.
Numerous flow charts illustrate key features and processes, and chapter summaries are included.
Specially selected examination questions and answers are included throughout.
Further discussion questions and suggested responses are included for every chapter.
The text covers the main requirements of every standard at levels appropriate for all finance and accounting students.
- New material on international standards and the surrounding debate is included and analysed.
Geoff Black is a Chartered Accountant. He has been Senior Lecturer and Head of Professional Accounting courses at Anglia Polytechnic University, Cambridge. Currently he is Senior Lecturer in Business Finance at Harper Adams University College. He is the author of Introduction to Accounting, also published by Financial Times/Prentice Hall.
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