This book is a companion volume to the Financial Accounting study text by the same author. In the study text, the full range of topics needed for coverage of the syllabuses of the professional bodies is dealt with. At the chapter ends are test exercises to reinforce knowledge and understanding of the basic principles involved. The exercises are then followed by examination questions, many of which are taken from the professional papers which demand a very high level of competence in order to solve them.
This book supplies the answers to all the chapter end exercises and examination questions. In so doing it provides readers with a means of checking their own answers. However, in the case of the examination questions it serves as a valuable teaching vehicle by giving full workings and explanation, wherever necessery, to develop the reader's knowledge far beyond the basic principles stage.
For the student, therefore, this manual must be regarded as an essential companion to the Financial Accounting study text and one which bridges the gap between basic knowledge and professional level competence.
Note to the 2nd Edition
The new edition has been updated to include the latest Financial Reporting Standards (FRS 1,2 and 3)