ISBN: 978-0-273-73768-1

Instructor’s Manual

Financial Accounting An Introduction

Second Edition

Augustine Benedict Barry Elliott

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ISBN: 978-0-273-73768-1

 Pearson Education Limited 2011 Lecturers adopting the main text are permitted to download and photocopy the manual as required.

Financial Accounting An Introduction 2nd Edition Benedict Solutions Manual Visit TestBankDeal.com to get complete for all chapters

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First published 2008 This edition published 2011

© Pearson Education Limited 2011

The rights of Augustine Benedict and Barry Elliott to be identified as authors of this work have been asserted by them in accordance with the Copyright, Designs and Patents Act 1988.

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ISBN: 978-0-273-73768-1

All rights reserved. Permission is hereby given for the material in this publication to be reproduced for OHP transparencies and student handouts, without express permission of the Publishers, for educational purposes only. In all other cases, no part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without either the prior written permission of the Publishers or a licence permitting restricted copying in the United Kingdom issued by the Copyright Licensing Agency Ltd. Saffron House, 6-10 Kirby Street, London EC1N 8TS. This book may not be lent, resold, hired out or otherwise disposed of by way of trade in any form of binding or cover other than that in which it is published, without the prior consent of the Publishers.

3 © Pearson Education Limited 2011 Contents Chapters Pages

Chapter 2 Accounting for cash 6 Chapter 3 The double-entry accounting system 8 Chapter 4 The Statement of financial position and Statement of income 10 Chapter 5 Accounting for credit transactions 12 Chapter 6 Inventories, profit margin and gross profit ratio 25 Chapter 7 Accruals, prepayments, depreciation and bad debts 28 Chapter 8 Disposal, revaluation and impairment of non-current assets 34 Chapter 9 Accounting for limited companies 39 Chapter 10 Incomplete records 47 Chapter 11 Statements of cash flows 52 Chapter 12 Accounting ratios and interpretation of financial statements 57 Chapter 13 Consolidation of financial statements 63 Chapter 14 Accounting for partnerships 70 Chapter 15 Bank account and bank reconciliation 77 Chapter 16 The Journal and correction of errors 81 Chapter 17 Control accounts 86 Chapter 18 Accounting for Sales tax (VAT) and payroll 88 Chapter 19 Conceptual framework of accounting 92 Chapter 20 Revenue recognition 97 Chapter 21 Accounting for tangible non-current assets 99 Chapter 22 Accounting for intangible assets and government grants 101 Chapter 23 Liability, provision, contingency and post reporting-date events 102

Augustine Benedict and Barry Elliott, Financial Accounting: An Introduction, 2

nd Edition, Instructor’s Manual 4 © Pearson Education Limited 2011

Supporting resources Visit www.pearsoned.co.uk/benedict to find valuable online resources

Companion Website for students • Detailed worked solutions for over 800 multiple choice questions featured within the book

For instructors • Downloadable PowerPoint slides for use in lessons and lectures • Detailed solutions to test questions from the text, designed for use as overhead slides • Customisable multiple choice questions, ideal for testing and revision

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• Search tool to help locate specific items of content • Online help and support to assist with website usage and troubleshooting

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