Financial Reporting, 1st Edition

ISBN: 9780730311119

This book is being used at:

Financial Reporting, 1st Edition is an approachable and engaging financial reporting textbook. It focuses on clear and interesting examples suited to first year accounting and finance students. This textbook will allow you to develop a solid understanding of key financial reporting principles.


This text has been designed with WileyPLUS, where you can access an online version of the textbook which contains interactive visualisations. In addition, you can access a comprehensive collection of practice tests that will help you ace your exams. By offering varied questions and instantaneous feedback to your answers, WileyPLUS makes every study session successful.


  • Illustrative examples: In each chapter a range of illustrative examples are provided to model how accounting principles are applied.
  • Learning checks: A list of the main few points covered in the topic appears at the end of every section. This helps you revise and also assess whether you need to study the section more before proceeding to the next one.
  • AASB Standards: Quotes from the AASB standards and explanations are included throughout the text. The equivalent international standard is also noted.
Janice Loftus
University of Adelaide

Ken Leo
Curtin University

Noel Boys
The University of Melbourne

Sorin Daniliuc
Australia National University

Belinda Luke
Queensland University of Technology

Ang Hong
Deakin University

Karyn Brynes

1. Accounting regulation and the conceptual framework
2. Application of accounting theory
3. Fair value measurement

4. Inventories
5. Property, plant and equipment
6. Intangible assets
7. Impairment of assets
8. Provisions, contingent liabilities and contingent assets
9. Employee benefits
10. Leases
11. Financial instruments
12. Income taxes
13. Share capital and reserves
14. Share-based payment
15. Revenue

16. Presentation of financial statements
17. Statement of cash flows
18. Accounting policies and other disclosures
19. Earnings per share
20. Operating segments
21. Related party disclosures
22. Sustainability and corporate social responsibility reporting

23. Foreign currency transactions and forward exchange contracts
24. Translation of foreign currency financial statements

25. Business combinations
26. Consolidation: controlled entities
27. Consolidation: wholly owned entities
28. Consolidation: intragroup transactions
29. Consolidation: non-controlling interest
30. Consolidation: other issues
31. Associates and joint ventures
32. Joint arrangements
33. Insolvency and liquidation E-CHAPTER
34. Accounting for mineral resources E-CHAPTER
35. Agriculture E-CHAPTER

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