A new student-oriented intermediate level textbook on the fundamentals and application of financial reporting regulations ... Breaking away from the tradition of dealing with the technicalities of the regulation of financial reporting in a relatively unchallenging and uncritical way, Financial Reporting and Analysis focuses on the reasoning behind the rules. Affording sufficient detail on the application of standards to enable the reader to appreciate the effects of the rules, the logic behind them is portrayed in terms of the reasoning and history behind their development, giving students a more informed insight. NEW FOR ADOPTERS: Additional material is now available for lecturers wishing to use the book on a course. The additional material covers: Earnings per share with worked examples and exercises (with solutions) Corporation tax including detailed coverage of deferred tax with worked examples and exercises (with solutions) Cash flow statements Interpretation of financial statements Post balance sheet events Segmental reporting For further details please visit the Instructor Companion Site.