Breaking away from the tradition of dealing with the technicalities of the regulation of financial reporting in a relatively unchallenging and uncritical way, this book 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.   This book follows on from  John Dunn’s previous book: Financial Reporting and Analysis and has been written for students taking an advanced course at undergraduate level in financial reporting.  It is ideally suited to support a single-semester class of twelve weeks’ teaching.