Instructor’s Manual Accounting for Non-Accounting Students Ninth edition
John Dyson and Ellie Franklin Instructor’s manual written by Ian Crawford
Contents Chapters
Pages
Preface
6
Notes for lecturers
7
SECTION 1 ANSWERS TO QUESTIONS
8
PART 1
INTRODUCTION TO ACCOUNTING
9
1. Accounting and the business world
10
2. Accounting rules and regulations
13
PART 2
17
FINANCIAL ACCOUNTING
3. Recording data
18
4. Sole trader accounts
33
5. Company accounts
50
6. Other entity accounts
59
7. Statement of cash flows
62
Case studies: Preparation of financial statements
71
Accounting policies
74
Statement of cash flows
76
FINANCIAL REPORTING
77
PART 3
8. The annual report
78
9. The annual accounts
79
10. Interpretation of accounts
81
11. Contemporary issues
86
Case studies: The communication of financial information
88
Interpretation of accounts
91
3 .
Crawford et al., Accounting for Non-Accounting Students, 9th edition, Instructor’s Manual
PART 4
MANAGEMENT ACCOUNTING
92
12. Foundations
93
13. Direct costs
96
14. Indirect costs
99
15. Budgeting
105
16. Standard costing
113
17. Contribution analysis
119
18. Decision making
124
19. Capital investment
129
20. Emerging issues
137
Case studies: Fixed and flexible budgets
140
Standard cost operating statements
141
Pricing
143
SECTION 2 MULTIPLE CHOICE QUESTIONS AND ANSWERS
145
Multiple choice questions
146
Answers to multiple choice questions
182
Case studies
197
Case studies: Lecturer’s guidelines
235
4 .
5 .
Preface At the time that the first edition of Accounting for Non-Accounting Students was published, it was believed that the answers to all questions should be included in the same volume. This decision was made for two main reasons: (1) to avoid lecturers having to waste time preparing answers; and (2) to help those students who were using the book as part of a distance learning programme. When preparing later editions, I have been requested to include a number of questions without answers. The questions and answers included in the first eight editions of the book have been largely retained within this edition. The majority of the solutions to these questions are contained within this Instructor’s Manual. While I am aware that lecturers would prefer a book containing a great many questions, I hope that the questions included in this one will provide sufficient material for use on most modular courses designed especially for non-accounting students. However, additional questions and solutions are available on the website and it is hoped that they will be updated and supplemented from time to time. As with previous editions, if lecturers have any suggestions for improving the book or adding to its contents, I should be pleased to receive them.
6 .