The fully updated Edition of Elliott and Elliot's market-leading 'Financial Accounting and Reporting' uses the latest International Accounting Standards as its framework. It offers a unique balance of theoretical and conceptual coverage with up-to-date practical applications and illustrations taken from real world international company reports and accounts. The text is ideal for financial accounting, reporting and analysis modules on second and final year undergraduate courses in Accounting, Business Studies and Combined Studies, MBA courses, specialist MSc courses and professional courses preparing students for professional accountancy examinations.