FINANCIAL REPORTING AND ANALYSIS

Financial statement analysis is a critical skill for accounting and finance professionals, enabling them to assess the financial health and performance of an organisation. This book is designed to provide Certified Public Accountant (CPA) and Association of Chartered Certified Accountants (ACCA) students with a comprehensive, practical, and easy-to-understand guide to financial reporting and analysis.
Following the ACCA guidelines and Frank Wood’s accounting approach, this book presents financial reporting concepts in a structured, practical, and illustrative manner. Each chapter is designed to fully exhaust the syllabus requirements, providing real-world examples, journal entries, trial balances, financial statements, and detailed explanations to enhance understanding.
A notable feature of this book is its practical approach, ensuring that students not only understand the theoretical aspects but also develop the ability to apply financial reporting principles to real-world scenarios. The book uses UK English, maintains a clear and simple structure, and provides comprehensive coverage without numbering subheadings.
Key highlights of this book include:
✅ In-depth coverage of financial reporting topics following CPA and ACCA standards.
✅ Illustrative examples with complete financial statements, journal entries, and trial balances where necessary.
✅ Step-by-step explanations of financial concepts, ensuring clarity and ease of understanding.
✅ Practical applications covering companies maintaining stock, local and global businesses, subsidiaries, and branch accounts.
✅ Extracts of financial statements derived from primary data (trial balances with additional information).
✅ Use of the common size approach and financial ratios to analyse financial statements effectively.
This book is structured to meet the needs of CPA and ACCA students, financial analysts, accountants, auditors, and anyone seeking a practical understanding of financial reporting and analysis. It is our hope that this resource will serve as a valuable tool in helping students master financial reporting concepts and succeed in their exams and careers.