Reading list

AC3091 Financial reporting

This reading list was last updated in July 2015.
The editions quoted here, and in the subject guide and course information sheet, are a guide.
You should always attempt to obtain the most recent edition of any textbook, and where
references are made to page numbers of previous editions, use the index of the new edition
to find the relevant section. If you find that any of the books listed are out of print please let
us know by emailing uolip@lse.ac.uk

Essential reading

Alexander, D., A. Britton and A. Jorissen International Financial Reporting and Analysis.
(Andover: Cengange Learning EMEA, 2014) sixth revised edition [ISBN 9781408088444].

Further reading/resources

Other useful texts for this course include:

Collins, B. and J. McKeith Financial Accounting and Reporting. (London: McGraw-Hill,
2010)[ISBN 9780077114527]..
You might find it helpful to refer to a dictionary of accounting when you encounter a new
term. Two such dictionaries are:
Nobes, C. The Penguin Dictionary of Accounting. (London: Penguin Books Ltd, 2006) second
edition [ISBN 9780141025254].
Owen, G. Dictionary of Accounting. (Oxford: Oxford University Press, 2005) third edition
[ISBN 9780192806277].
It is also recommended that you purchase or have access to the following reference texts:
Deegan, C. and J. Unerman Financial Accounting Theory. (London: McGraw- Hill, 2011)
second European edition [ISBN 9780077126735].
Glautier, M.W.E. and D. Morris Accounting Theory and Practice. (Harlow: Financial Times
Prentice Hall, 2011) eighth edition [ISBN 9780273693857]. Please note that this is the
Essential reading for 25 Principles of accounting so you may already own a copy.
Lewis, R. and D. Pendrill Advanced Financial Accounting. (Harlow: Financial Times Prentice
Hall, 2004) seventh edition [ISBN 9780273658498].
Palepu, K.G., and P.M. Healy Business Analysis and Valuation: Using Financial Statements.
(Mason, OH: Thomson South-Western, 2008) fourth edition [ISBN 9780324302929].
Suitable international texts for reference include:
Nobes, C. and R. Parker Comparative International Accounting. (Harlow: Financial Times
Prentice Hall, 2012) twelfth edition [ISBN 9780273763796].
Choi, F.D. and G.K. Meek International Accounting. (Harlow: Pearson, 2012) seventh edition
[ISBN 9780132311496].

Those of you who have studied 25 Principles of accounting may find it useful to keep your
subject guide to hand as you study this course.
The following is a list of all other reading listed in the Further reading category in the subject
guide:
Baxter, W.T. Depreciation. (London: Sweet & Maxwell, 1971) [ISBN 042114470X].
Baxter, W.T. Inflation Accounting. (Oxford: Philip Allan, 1984) [ISBN 9780860036234]
Chapters 3, 8 (pp.10315) and 12 (pp.182201).
Beaver, W.H. and J.S. Demski The Nature of Income Measurement, Accounting Review
54(1) 1979.
Baxter, W.T. Accounting Standards Boon or Curse, Accounting and Business Review,
Winter 1981, pp.310.
Beaver, W.H. Financial Reporting: An Accounting Revolution. (Harlow: Prentice- Hall, 1981)
[ISBN 9780133161335]. Chapter 7.
Bromwich, M. Financial Reporting, Information and Capital Markets. (London: Pitman
Publishing, 1992) [ISBN 9780273034643] Chapters 3,4, 1012.
Cadbury report (1992). Available at www.iia.org.uk search for Cadbury report.
Company Law Review Steering Group, Company Law Reform. Modern Company Law for a
Competitive Economy: Developing the Framework. Available at
www.berr.gov.uk/files/file23245.pdf
Draper, P.R., W.M. McInnes, A.P. Marshall and P.F. Pope An Assessment of the Effective
Annual Rate Method as a Basis for Making Accounting Allocations, Journal of Business
Finance & Accounting 20(1) 1993, pp.5663.
Ernst and Young, International GAAP 2012: Generally Accepted Accounting Practices Under
International Reporting Standards. (Chichester: John Wiley and Sons, 2012) [ISBN
9781119962458].
Gallhofer, S. and J. Haslam, Exploring social, political and economic dimensions of
accounting in the global context: the IASB and accounting disaggregation, SocioEconomic Review 8(4) 2007, pp. 63364.
Hicks, J.R. Income in Parker, R.H., G.C. Harcourt and G. Whittington (eds) Readings in the
Concepts and Measurements of Income. (Oxford: Philip Allan, 1986) second edition [ISBN
9780860035367].
Hicks, J.R. Value and Capital. (Oxford: Clarendon, 1946) second edition [ISBN
9780198282693] Chapter 14.
Holmes, G., Sugden, A. and P. Gee Interpreting Company Reports and Accounts. (Harlow:
Prentice-Hall, 2008) tenth edition [ISBN 9780273711414] Chapters 4, 10 and 11.
Ijiri, Y. A Defence for Historical Cost Accounting in R. Sterling (ed.) Asset Valuation and
Income Determination. (Lawrance, KA: Scholars Book Co., 1971) [ISBN 9780914348115].
Macve, R. Accounting for Long-Term Loans, in B. Carsberg and S. Dev (eds) External
Financial Reporting. (Harlow: Prentice Hall, 1984).
Macve, R. A Conceptual Framework For Financial Accounting and Reporting: the Possibilities
for an Agreed Structure. (London: Institute of Chartered Accountants in England and
Wales, 1981) [ISBN 9780852913116].
Paish, F.W. Capital and Income, Economica 7(28) 1940.
Peerless, S. Accounting for Business Marriages, Accountancy Magazine, October 1994,
p.100.
Prakesh, P. and S. Sunder The Case Against Separation of Current Operating Profit and
Holding Gains, American Accounting Review, January 1979 (pp.122).
Sandilands Report, Inflation Accounting: Report of the Inflation Accounting Committee,
Cmnd. 6225 (London: HMSO, 1975). Chapters 10 and 12 (pp.15965).

Scott, W. Financial Accounting Theory. (London: Prentice-Hall, 2003) [ISBN 9780135119150].

Smith, T. Accounting for Growth. (London: Century, 1996) second edition [ISBN
9780712675949]. Chapter 16.
Solomons, D. Economic and Accounting Concepts of Income, Accounting Review 36(3) 1961
(reprinted in Parker, R.H., G.C. Harcourt and G. Whittington (eds) Readings in the
Concepts and Measurements of Income. (Oxford: Philip Allan, 1986) second edition [ISBN
9780860035367].
Weetman, P. (ed.) SSAP 15 Accounting for Deferred Taxation. (Edinburgh: The Institute of
Chartered Accountants in Scotland, 1992) [ISBN 9781871250237].
Whittington, G. Inflation Accounting: An Introduction to the Debate. (Cambridge: Cambridge
University Press, 1983) [ISBN 9780521270557].

Making use of the Online library

All students studying for University of London International Programmes have free
access to the University of London Online library, which holds a vast amount of useful
resources to help you read extensively.
Essential reading journal articles listed on a number of reading lists are available to
download from the Online library. The Online library can be accessed via the Student
portal:
http://my.londoninternational.ac.uk
You should have received your login details for the Online Student Portal with your
official offer, which was emailed to the address that you gave on your application form.
You have probably already logged in to the Student Portal in order to register, however if
you have forgotten your login details, please click on the Forgotten your password link
on the login page.
The easiest way to locate relevant content and journal articles in the Online library is to
use the Summon search engine.
If you are having trouble finding an article listed on the reading list, try:
1. removing any other punctuation from the title, such as single quotation
marks, question marks and colons, and/or
2. putting quotation marks around the title, for example Why the banking system
should be regulated
To access the majority of resources/databases of the Online library you will either need
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For further information on the Online Library and Reading advice please see your
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