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Financial Reporting

Janice Loftus, Ken Leo, Sorin Daniliuc, Belinda Luke, Hong Nee Ang · ISBN 9780730363064
Financial Reporting | Zookal Textbooks | Zookal Textbooks
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Publisher John Wiley & Sons Australia
Author(s) Janice Loftus / Ken Leo / Sorin Daniliuc / Belinda Luke / Hong Nee Ang / Karyn Byrnes
Edition 2
Published 15th September 2017
Related course codes ACC210 Financial Accounting, ACC510 Financial Reporting

The second edition of Financial Reporting has been updated for recent developments in the Australian Accounting Standards, including the release of new standards on accounting for revenue and leases and updates to AASB 9 Financial Instruments. All incorporated updates are in line with developments in the International Financial Reporting Standards (IFRSs). The new edition has been written in accordance with the requirements of the relevant pronouncement(s) in the IFRS Red Book 2016 published by the IASB, which includes the most recent version of each Accounting Standard and Interpretation at 13 January 2016.


A hallmark feature of the text is that it provides both a conceptual understanding and a practical application of the accounting standards. For students, an understanding of the conceptual basis of accounting and the rationale behind the principles is crucial to the consistent application of standards in a variety of practical contexts.

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