I have got my hands on the above books version 10 ( the 11 edition was published in 2008). Are the 2005 books still relevant - is there much that will have changed? Thanks :)
Mine are the ninth edition versions and I still use them without issue (although must admit to prefering the David Cox text to these huge volumes).
When one is talking about bookkeeping and management accounting things don't really change that much that often.
Where books are concerned with financial reporting standards and Audit standards then they do change pretty regularly espechially at the moment with the worldwide convergence of standards.
There may be bits in the books where they talk about UK standards that will cease to be relevant within the next couple of years as the move to IFRS gets forced upon us but I would say that a good 95% of these texts is pretty timeless.
After saying that, for the remaining 5% check the index of the books. Only the UK standards (FRS's and SSAP's) below should be listed. If there are any others then those parts of the texts are out of date (although it may be that the new standard says exactly the same for the bit being quoted as the old standard did).
SSAP 4 Accounting for government grants SSAP 5 Accounting for Value Added Tax SSAP 9 Stocks and long-term contracts SSAP 13 Accounting for research and development SSAP19 Accounting for investment properties SSAP 21 Accounting for leases and hire purchase contracts SSAP 25 Segmental reporting FRS 1 Cash Flow Statements FRS 2 Accounting for Subsidiary Undertakings FRS 3 Reporting Financial Performance FRS 5 Reporting the Substance of Transactions FRS 6 Acquisitions and Mergers FRS 7 Fair Values in Acquisition Accounting FRS 8 Related Party Disclosures FRS 9 Associates and Joint Ventures FRS 10 Goodwill and Intangible Assets FRS 11 Impairment of Fixed Assets and Goodwill FRS 12 Provisions, Contingent Liabilities and Contingent Assets FRS 15 Tangible Fixed Assets FRS 16 Current Tax FRS 17 Retirement Benefits FRS 18 Accounting Policies FRS 19 Deferred Tax FRS 20 Share-based Payment FRS 21 Events After the Balance Sheet Date FRS 22 Earnings per share FRS 23 The Effect of Changes in Foreign Exchange Rates FRS 24 Financial Reporting in Hyperinflationary Economies FRS 25 Financial Instruments: Disclosure and Presentation FRS 26 Financial Instruments: Recognition and Measurement FRS 28 Corresponding Amounts FRS 29 Financial Instruments: Disclosures
Hope that this helps.
Shaun.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Well my copy of Frank Wood & Sheila Robinson's Bookkeeping and Accounts 4th Edition (1997) has arrived and i must admit that while awaiting it's arrival i contemplated getting out my old school scientific calculator and working out how to use it. After only one evening reading this book the Accruals and prepayments have finally sunk in. The book is amazing and it was definitely written with me in mind lol. I was expecting a big tomb of a book full of equations and trig. with maybe some algebra at degree level so was quite surprised when i opened it to find i could actually understand accounting principles. I feel that together with the Kaplan study book for Accounts Prep. 1 that i won't require tutor support. it has boosted my confidence no end. Of course it was reccomended through this site, and as we all know, a nicer bunch of people will never come together in this universe. I would like to thank everybody for their time, effort and recommendations.
I have read both edition 10, from library, and bought edition 11 for myself as i found the book easy to use, and the only differance is the use of IFRS in 11, (as prevoiusly stated) using 'Inventory' instead of 'Stock' that sort of thing. If there's a cheasp version of 10 going get it, it wont do you any harm!
