Financial Accounting and Reporting

  • Last updated : 21/09/2009 19:10:40
Group by: Section | Type 94 items
  1. Recommended Text (3 items)
    1. Financial Accounting and Reporting MyAccountingLab Pack, 13/E - Pearson Education EMA Catalogue - Brian Elliott, Jamie Elliott
      Book | Suggested for student purchase | This is the recommended text for ABF203 unless you already have the 12th edition.
    2. Financial accounting and reporting - Elliott, Barry., Elliott, Jamie., 2008.
      Book | Optional | The 12th edition of Elliott and Elliott is the previous edition of the recommended text to buy for this module. It can be used in place of the 13th edition if you can't obtain it.
    3. Financial Accounting and Reporting, 12/E - Pearson Education EMA Catalogue
      Web Page | This is the companion website and student resources for the 12th edition
  2. Supplementary Resources (11 items)
    1. Financial reporting - Association of Certified and Corporate Accountants., 2003.
      Book
    2. Financial reporting : International stream. [ACCA study text] - Association of Certified and Corporate Accountants., 2004
      Book
    3. Accounting Standards Board - Welcome
      Web Page
    4. Accounting theory and practice - Glautier, M. W. E., Underdown, Brian., 2001.
      Book
    5. IASB Home
      Web Page | This is the home page of the International Accounting Standards Board and is where you can find information about international accounting standards (IFRS and IAS) as well as recent inofrmation on the convergence projects.
    6. Creative accounting and the cross-eyed javelin thrower - McBarnet, Doreen., Whelan, Christopher., 1999.
      Book
    7. Students' guide to accounting and financial reporting standards - Black, Geoff., 2003.
      Book
    8. Comparative international accounting - Nobes, Christopher., Parker, R. H., 2006.
      Book
    9. GAAP 2001 : UK financial reporting and accounting - Wild, Ken., Creighton, Brian., Deloitte & Touche., 2000.
      Book
    10. Plagiarism Diagnostic Test
      Web Page | A really useful resource that allows you to test what you think you know about plagiarism. I would recommend everyone to have a go at this test.
    11. Plagiarism Materials
      Web Page | Even if you don't have ago at the diagnostic test (above) please read the 'Learning How to Learn: Avoiding Plagiarism Study Unit'' document which can be downloaded from this site.
  3. Lecture Topic Reading List (56 items)
    1. Introductory Lecture (5 items)
      1. Financial accounting and reporting - Elliott, Barry., Elliott, Jamie., 2008.
        Book | The 12th edition of Elliott and Elliott is the recommended text for this module. | Chapters 5, 6 and 8
      2. The ASB's revised statement of principles for financial reporting
        Web Page | Link to the ASB's Statement of Principles
      3. FRS 18 Accounting Policies by Paul Robins ACCA Article 15 May 2007
        Web Page | A very good article which discusses the nature and role of accounting policies.
      4. Technical Summary of IAS 1 Presentation of Financial Statements
        Web Page
      5. Improving the communication of accounting information through cartoon graphics Author(s): Malcolm Smith, Richard Taffler
        Article | Interesting article about the communication of financial information in Accounting, Auditing and Accountability.
    2. Lecture 1 Accounting for long term tangible assets (10 items)
      1. Financial accounting and reporting - Elliott, Barry., Elliott, Jamie., 2008.
        Book | The 12th edition of Elliott and Elliott is the recommended text for this module. | Chapter 15
      2. FRS 15 Tangible Fixed Assets
        Web Page | This is the UK accounting standard for long term assets intended for continuing use within the business.
      3. UITF 5 Transfer from current assets to fixed assets
        Web Page
      4. IAS 16 Property, Plant and Equipment
        Web Page | International financial reporting standard for non-current assets (property, plant and equipment).
      5. Extended Life Expectancy by Simon Riley ACCA Student Accountant 1 Jan 2002
        Web Page | A very useful article about the need to depreciate non-current assets.
      6. Property, Plant and Equipment and Tangible Fixed Assets by Paul Robins 30 May 2007
        Web Page | A very useful article which looks at the measurement and depreciation of non-current (fixed) assets.
      7. FRS 11 Asset Impairment by Paul Robins ACCA Article 1 Feb 1999
        Web Page | Useful explanation of the UK accounting standard on asset impairment.
      8. Punch Taverns 2005 Annual Report
        Web Page | A good example of a company which uses the immaterial depreciation argument for not depreciating it's tangible fixed assets. Look at the PPE note in 'significant accounting policies'.
      9. Punch Taverns 2006 Annual Report
        Web Page | Look at the PPE note in 'significant accounting policies'. The company has now changed its policy of not depreciating its tangible fixed assets on adopting IFRS GAAP. Compare with 2005 financial statements.
      10. Tesco Plc 2007 Annual Report
        Web Page | A good example of an accounting policy and fixed asset disclosure notes (page 49 and 67).
    3. Lecture 2 Accounting for Intangibles (10 items)
      1. Financial accounting and reporting - Elliott, Barry., Elliott, Jamie., 2008.
        Book | The 12th edition of Elliott and Elliott is the recommended text for this module. | Chapter 17 pp459-480
      2. PwC Resource page on Intangibles and R&D
        Web Page | Useful resources, see 'what are intangibles' and 'recognition of intangibles'. Some additonal information under 'Linked publications', illustrative FS and US and IFRS GAAP differences.
      3. Tesco Plc 2007 Annual Report
        Web Page | A good example of goodwill and intangible asset disclosure. Accounting policy note p.50 and disclosure note p.50
      4. IFRS 3 Business Combinations
        Web Page | IASB Summary of the requirements of IFRS 3 Business Combinations, accounting for purchased goodwill.
      5. FRS 10 Goodwill and Intangible Assets
        Web Page | The ASB standard on accounting for goodwill.
      6. IAS 38 Intangible Assets
        Web Page | IASB summary of intangible assets.
      7. A Conceptual Study on Brand Valuation, A.Seetharaman, Zainal Azlan Bin Mohd Nadzir and S.Gunalan
        Article | An interesting article which looks at the 4 main brand valuation methods.
      8. Valuing Intellectual Property
        Article | An introduction to intellectual property, what it is, how you measure it and why you need it. Managerial Law; Volume: 48 Issue: 6; 2006 Viewpoint
      9. Accounting for Intangible Assets
        Article | A very useful article that compares all the major treatments of intangibles under IFRS, UK and US GAAP.
      10. The Drivers For Financial Reputation
        Web Page | A report on investors views of the meaning and importance of financial reputation by Ernst & Young
    4. Lecture 3 Research and Development (5 items)
      1. Financial accounting and reporting - Elliott, Barry., Elliott, Jamie., 2008.
        Book | The 12th edition of Elliott and Elliott is the recommended text for this module. | Chapter 17 pp453-459
      2. PwC Resource page on Intangibles and R&D
        Web Page | In particular see under 'Linked Solutions' 58.11 Capitalisation of internal development costs.
      3. IAS 38 Intangible Assets
        Web Page | IASB summary of intangible assets.
      4. IAS 38 Explanation from IAS Plus
        Web Page | The relevant reading for research and development is towards the end of the page.
      5. SSAP 13 Accounting for Research and Development and SSAP 9 Accounting for Stocks and Long term contracts
        Web Page | The ASB's standards on accounting for stocks and long term contracts and R&D expenditure.
    5. Lecture 4 Accounting for provisions and contingent assets and liabilities (4 items)
      1. Financial accounting and reporting - Elliott, Barry., Elliott, Jamie., 2008.
        Book | The 12th edition of Elliott and Elliott is the recommended text for this module. | Chapter 11 pp298-312
      2. PwC Resource on Accounting for Provisions
        Web Page | All of the questions are useful and relevant. Some of the 'Linked Solutions' are interesting especially the 'Present obligation - Past events' and 'Constructive liability' solutions.
      3. IAS Plus explanation of IAS 37
        Web Page
      4. FRS 12 Provisions, contingent assets and contingent liabilities
        Web Page | The ASB's standard on accounting for provisions
    6. Lecture 5 Substance Over Form (4 items)
      1. Elliott and Elliott Financial reporting and accounting 12th edition - Google Product Search
        Web Page | This the most recent edition of Elliott and the recommended text to buy for this module unless you already have the 11th edition (please see below)
      2. Creative accounting : the effectiveness of financial reporting in the UK - Pijper, Trevor., 1993.
        Book
      3. New creative accounting : how to make your profits what you want them to be - Griffiths, Ian., 1995.
        Book
      4. FRS 5 Accounting for the substance of transactions
        Web Page | The ASB's standard on accounting for substance over form
    7. Lectures 6 & 7 Group Accounts 1 and 2 (3 items)
      1. Financial accounting and reporting - Elliott, Barry., Elliott, Jamie., 2008.
        Book | The 12th edition of Elliott and Elliott is the recommended text for this module. | Chapters 20 and 21
      2. IAS Plus International Accounting Standards IAS 27, Consolidated and Separate Financial Statements
        Generic Document
      3. Convergence of UK GAAP to IAS - group accounting
        Web Page
    8. Lecture 8 Accounting for Groups 3 (2 items)
      1. Financial accounting and reporting - Elliott, Barry., Elliott, Jamie., 2008.
        Book | The 12th edition of Elliott and Elliott is the recommended text for this module. | Chapter 23
      2. Group accounting - associated companies and negative goodwill
        Web Page
    9. Lecture 9 Group Accounts 4 (3 items)
      1. Financial accounting and reporting - Elliott, Barry., Elliott, Jamie., 2008.
        Book | The 12th edition of Elliott and Elliott is the recommended text for this module. | Chapter 20
      2. Fair value for financial reporting : meeting the new FASB requirements - King, Alfred M., 2006.
        Book
      3. FRS 11 Asset Impairment by Paul Robins ACCA Article 1 Feb 1999
        Web Page | Useful explanation of the UK accounting standard on asset impairment.
    10. T2 Lecture 1 Interpretation of financial statements 1 and 2 (6 items)
      1. Elliott and Elliott Financial reporting and accounting 12th edition - Google Product Search
        Web Page | Chapters 27 and 28
      2. International financial reporting and analysis : a contextual emphasis - Haskins, Mark E., Ferris, Kenneth R., Selling, Thomas I., 1996.
        Book
      3. Corporate financial reporting and analysis : text and cases - Hawkins, David F., 1998.
        Book
      4. Financial reporting and statement analysis : a strategic perspective - Stickney, Clyde P.,, Brown, Paul R., 1999.
        Book
      5. Corporate reports : their interpretation and use in business - Walton, Peter., May 94.
        Book
      6. Accountancy: Reference Library
        Web Page | A useful web resource which gives some different ratios that might be useful for the interpretation assignment.
    11. T2 Lecture 2 Interpretation of financial statements 3 (1 item)
      1. Elliott and Elliott Financial reporting and accounting 12th edition - Google Product Search
        Web Page | Chapter 25
    12. T2 Lecture 3 Interpretation of financial statements 4 (3 items)
      1. Elliott and Elliott Financial reporting and accounting 12th edition - Google Product Search
        Web Page | Chapter 8
      2. Reporting financial performance : a commentary on FRS 3 - Hodgson, Eddie., Coopers & Lybrand., 1992.
        Generic Document
      3. Reporting Performance by Neil Stein ACCA article
        Web Page | A very useful article which looks at the requirements of FRS 3 and IAS 1 with respect to the disclosure of equity and any changes (the STRGL).
  4. Problem Based Learning Resources (24 items)
    1. Problem Statement 1 (5 items)
      1. Financial accounting and reporting - Elliott, Barry., Elliott, Jamie., 2008.
        Book | The 12th edition of Elliott and Elliott is the recommended text for this module. | Chapters 5 and 6
      2. Developments in financial reporting - Lee, T. A., June 1981.
        Book
      3. Guidelines for financial reporting standards - Solomons, David,, 1997.
        Book
      4. Worldwide financial reporting : the development and future of accounting standards - Benston, George J., 2006.
        Book
      5. Accountants without standards? : compulsion or evolution in company accounting - Myddelton, David Roderic,, Institute of Economic Affairs (Great Britain)., 1995.
        Book
    2. Problem Statement 2 (15 items)
      1. Financial accounting and reporting - Elliott, Barry., Elliott, Jamie., 2008.
        Book | The 12th edition of Elliott and Elliott is the recommended text for this module. | Chapter 7
      2. Statement of principles for financial reporting. - Accounting Standards Board (Great Britain), 1999.
        Book
      3. FRS 10 Goodwill and Intangible Assets
        Web Page | The ASB standard on accounting for goodwill.
      4. IAS 38 Intangible Assets
        Web Page | IASB summary of intangible assets.
      5. Accounting for Intangible Assets
        Article | A very usefuk article that compares all the major treatments of intangibles under IFRS, UK and US GAAP.
      6. The Drivers For Financial Reputation
        Web Page | A report on investors views of the meaning and importance of financial reputation by Ernst & Young
      7. Corporate reputation: disentangling the effects on financial performance
        Article | A journal article by Markus Eberl and Manfred Schwaiger which looks at the importance of corporate reputation.
      8. The Multiple Bottom Lines of Corporate Citizenship: Social Investing, Reputation, and Responsibility Audits
        Article | Article by Sandra Waddock in Business and Society Review 2000
      9. Human Capital Measurement and Reporting: A British Perspective
        Web Page | A report by Kee Foong and Richard Yarston June 2003
      10. Human capital and performance: A literature review
        Web Page | A report by Dr Philip Stiles and Somboon Kulvisaechana
      11. Accounting for People Report
        Web Page
      12. Intangible assets: the right balance
        Web Page | A very readable article on the subject of reporting on intangibles in Accountancy Age by Jane Simms January 2007
      13. The Big Four Wants Real Time Reporting
        Web Page | A very interesting article about the four major accountancy firms and their proposal for radical changes to corporate reporting. This includes increased reporting on intangibles.
      14. A Vision from the CEOs of the International Audit Network
        Web Page | A look at the future of intangibles and financial reporting by the big 4.
      15. Directors' Business Review Report: The Transparency Controversy.
        Web Page | A journal article looking at the difference between OFR and BR and the purpose of narrative reporting.
    3. Problem Statement 3 (2 items)
      1. Financial accounting and reporting - Elliott, Barry., Elliott, Jamie., 2008.
        Book | The 12th edition of Elliott and Elliott is the recommended text for this module. | Chapter 31
      2. Corporate Social Responsibility:Some Key Theoretical Issues and Concepts forNew Ways of Doing Business
        Web Page | A journal article by David Birch
    4. Problem Statement 4 (2 items)
      1. Financial accounting and reporting - Elliott, Barry., Elliott, Jamie., 2008.
        Book | The 12th edition of Elliott and Elliott is the recommended text for this module. | Chapter 30 (especially pp795-804) and Chpater 32
      2. ICSA professional development corporate governance - Brian, Coyle., Institute of Chartered Secretaries and Administrators., 2006.
        Book