Instructor’s Manual
Accounting and Finance
for Non-Specialists
Seventh Edition
Peter Atrill
Eddie McLaney
For further instructor material
please visit:
www.pearsoned.co.uk/atrill
ISBN: 978-0-273-74594-5
Pearson Education Limited 2011
Lecturers adopting the main text are permitted to download and photocopy the manual as required.
,Pearson Education Limited
Edinburgh Gate
Harlow
Essex CM20 2JE
England
and
Associated Companies around the world
Visit us on the World Wide Web at:
www.pearsoned.com/uk
----------------------------------
This edition published 2011
© Pearson Education Limited 2011
The rights of Peter Atrill and Eddie McLaney to be identified as authors of this work have been
asserted by them in accordance with the Copyright, Designs and Patents Act 1988.
Pearson Education is not responsible for the content of third-party internet sites.
ISBN: 978-0-273-74594-5
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.
2
© Pearson Education Limited 2011
, Contents
Section A: Authors’ Note to Tutors 4
Section B: Solutions to Exercises 9
3
© Pearson Education Limited 2011
, SECTION A
Authors’ Note to Tutors
Using the text
The text is designed to provide readers with a sound introduction to accounting and finance. It
assumes no previous knowledge of these subjects and recognises that students using the text
may come from a wide variety of backgrounds. The text, therefore, tries to avoid technical
jargon and does not assume that students have a high level of numerical ability. The text has
been class tested by students on various courses and we have modified and refined the material
to take account of their comments. We have also taken account of the comments made by
lecturers who used the first six editions of the text.
The text aims to encourage an active approach to learning by providing activities and self-
assessment questions at appropriate points in the text. This is designed to stimulate thought
concerning particular issues and to give the readers the opportunity to test their understanding of
the principles covered.
The text is supplemented by a password-controlled lecturers' website and a student website
available to all readers.
The structure of the text allows the tutor to deliver the subject in a number of ways. It can be used
as recommended reading for a traditional course based on lectures and tutorials. There are review
questions and exercises at the end of each chapter that can be used as the basis for tutorials. It
could also provide the basis for a distance learning approach for part-time or off-campus students.
For these students, the interactive nature of the text may be extremely useful where access to a
tutor is restricted. The text can also be used as the basis for an open-learning approach for full-
time campus-based students. We successfully used it in this way at the University of Plymouth
Business School. Accounting ‘surgeries’ were provided to give students the opportunity for one-
to-one help with any problems they may face.
The text is appropriate for modules that are designed to be covered in 150 – 200 hours of study.
For full-time students, this will often be covered in one academic year (two semesters). For
students who are only studying a one-semester course in accounting and finance, it will be
necessary to adopt a selective approach to the chapters to be studied. The first six chapters deal
with the nature and role of financial accounting and give a good grounding in the major financial
statements. This will, however, take up much of the time available. It should, nevertheless, be
possible to select further chapters for study from the remaining chapters in the text.
PowerPoint slides
The diagrams in the text, along with other diagrams and materials (including the new ‘bullet
point’ chapter summaries), are available as PowerPoint slides. These should help in delivering
lectures and tutorials. They can be downloaded from the lecturers' website.
4
© Pearson Education Limited 2011
Accounting and Finance
for Non-Specialists
Seventh Edition
Peter Atrill
Eddie McLaney
For further instructor material
please visit:
www.pearsoned.co.uk/atrill
ISBN: 978-0-273-74594-5
Pearson Education Limited 2011
Lecturers adopting the main text are permitted to download and photocopy the manual as required.
,Pearson Education Limited
Edinburgh Gate
Harlow
Essex CM20 2JE
England
and
Associated Companies around the world
Visit us on the World Wide Web at:
www.pearsoned.com/uk
----------------------------------
This edition published 2011
© Pearson Education Limited 2011
The rights of Peter Atrill and Eddie McLaney to be identified as authors of this work have been
asserted by them in accordance with the Copyright, Designs and Patents Act 1988.
Pearson Education is not responsible for the content of third-party internet sites.
ISBN: 978-0-273-74594-5
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.
2
© Pearson Education Limited 2011
, Contents
Section A: Authors’ Note to Tutors 4
Section B: Solutions to Exercises 9
3
© Pearson Education Limited 2011
, SECTION A
Authors’ Note to Tutors
Using the text
The text is designed to provide readers with a sound introduction to accounting and finance. It
assumes no previous knowledge of these subjects and recognises that students using the text
may come from a wide variety of backgrounds. The text, therefore, tries to avoid technical
jargon and does not assume that students have a high level of numerical ability. The text has
been class tested by students on various courses and we have modified and refined the material
to take account of their comments. We have also taken account of the comments made by
lecturers who used the first six editions of the text.
The text aims to encourage an active approach to learning by providing activities and self-
assessment questions at appropriate points in the text. This is designed to stimulate thought
concerning particular issues and to give the readers the opportunity to test their understanding of
the principles covered.
The text is supplemented by a password-controlled lecturers' website and a student website
available to all readers.
The structure of the text allows the tutor to deliver the subject in a number of ways. It can be used
as recommended reading for a traditional course based on lectures and tutorials. There are review
questions and exercises at the end of each chapter that can be used as the basis for tutorials. It
could also provide the basis for a distance learning approach for part-time or off-campus students.
For these students, the interactive nature of the text may be extremely useful where access to a
tutor is restricted. The text can also be used as the basis for an open-learning approach for full-
time campus-based students. We successfully used it in this way at the University of Plymouth
Business School. Accounting ‘surgeries’ were provided to give students the opportunity for one-
to-one help with any problems they may face.
The text is appropriate for modules that are designed to be covered in 150 – 200 hours of study.
For full-time students, this will often be covered in one academic year (two semesters). For
students who are only studying a one-semester course in accounting and finance, it will be
necessary to adopt a selective approach to the chapters to be studied. The first six chapters deal
with the nature and role of financial accounting and give a good grounding in the major financial
statements. This will, however, take up much of the time available. It should, nevertheless, be
possible to select further chapters for study from the remaining chapters in the text.
PowerPoint slides
The diagrams in the text, along with other diagrams and materials (including the new ‘bullet
point’ chapter summaries), are available as PowerPoint slides. These should help in delivering
lectures and tutorials. They can be downloaded from the lecturers' website.
4
© Pearson Education Limited 2011
