question (1 Viewer)

[ifsonotso_100]

Hey, i had a question on the accounting textbook, i purchased it however am not sure if i purchased the correct edition as mine doesn't say "updated to international accounting standards" anywhere on the front cover, also it contains a 2002 quantas financial report.
Can someone tell me whether or not this is the correct edition


cheers

 

[jase_]

Check the subject outline for the edition and check to see if its the same.

 

[peepee]

hey mate
yeh i have the same copy
technically it is not the correct copy because its not UPDATED...
there is quite a bit of discussion about this on the Discussion Board for Accounting for Business on UTSOnline

i believe everything in the copy that you and i have is the same as this "updated" version. Only thing is the terminology in Chapters 10 and 12...as Jon Tyler explained, they call them Balance Sheets and Cash Flow Statements rather than Statements of Financial Performance and Position (i forgot which is which)

Hope that makes sense

 

[goan_crazy]

Yes thats the right book
if you have the sticker saying updated to international accounting standards thats the right one
the updated text shouldve come with a booklet for updated chapters 10 and 12

If you bought the package as well, the CD is also updated
and yes, the financial report of qantas is from 2002.

 

[jase_]

As someone else has mentioned, it should be alright for most of the subject. The lecture that it'll most differ on it probably your accounting standards lecture.

Statement of Financial Performance = Profit and Loss Statement
Statement of Financial Position = Balance Sheet.

Under the older Australian standards, they used the former, but now with the introduction of International Accounting Standards as of last year, the latter is now used again.