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Hi, can use the 2010 text for F7 and F8 or are there significant changes since then?
My study plan is to use them along with ot lectures and pass papers
is it enough or do i still need to get 2013 kits?Yes they are old and F7 has had couple of changes. I wouldn’t recommend you to use them.
There are a lot of changes in F7 . For example the Framework for the preparation and presentation of financial statements has been renamed Conceptual Framework with some changes in the content. Income statement has been been baptized Statement of Profit or Loss. There are also important changes in the definition of Control, fair value. There is an important addition on the IFRS dealing with Financial Instruments, ie, Financial assets and liabilities: those to be treated at amortized cost or fair value through profit or loss or fair value through other comprehensive income. You will also see changes in the treatment of valuation of investment property on recognition and subsequently. These you will agree with me are fundamental changes you should not allow to confuse you in the exam. Good luck!
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