BUSI4015 Finance and Accounting

Recommended Reading for Financial Accounting

Lecture 3: Judgements and estimates

Accounting policies and estimates

Chapter 4, International Financial Reporting, A Practical Guide, Alan Melville

Examples of estimates 1 & 2

Chapter 6, Accounts Demystified, The Astonishingly Simple Guide to Accounting, Anthony Rice

Or

Chapter 6, MBA Accounting, Roger Hussey (although it does refer to the old revenue standard, IAS
18, the principles are similar in most cases)

Issues arising from use of estimates

‘What is the importance of corporate governance?, ICAEW article available here:

https://www.icaew.com/technical/corporate-governance/principles/principles-articles/the-
importance-of-successful-corporate-governance

If you are interested, you can access the UK Corporate Governance Code from the FRC website,
here: https://www.frc.org.uk/directors/corporate-governance-and-stewardship/uk-corporate-
governance-code