Financial reporting provides an overview of a business' profitability & financial condition in both short & long term A hot topic in the current market climate Financial Reporting & Regulation explains the meaning behind the rules of financial reporting as opposed to just the implementation of these rules It contains sufficient detail on the application of standards to enable the reader to appreciate the effects of the rules & the logic behind them is described in terms of the reasoning & history behind their development This will give readers a more informed insight of the regulations than many of the practical books currently on the market