Loftus, Financial Reporting builds on the strengths of Loftus, Understanding Australian Accounting Standards and Leo, Company Accounting , bringing the strongest elements of those two respected titles into one combined volume. This 35 chapter text is designed to cover all of the 2nd and 3rd year financial accounting topics typically taught across two units, including accounting regulation, the conceptual framework, applying accounting standards, disclosures and group accounting.  It explains accounting principles and practice to students in a clear, understandable way and  provides both a conceptual insight as well as a practical application of the various accounting standards. The author team is comprised of a group of academics who are actively teaching in this area incl. Janice Loftus (Uni of Adelaide), Noel Boys (Melb), Belinda Luke (QUT), Sorin Daniliuc (ANU), Hong Ang (Deakin) and Karen Byrnes (USQ).  The authors have brought their collective teaching insights to bear on the learning design of the text and accompanying online course the result of which is a contemporary teaching and learning package that will engage and empower students to study independently and achieve greater success in these challenging units.