Preface PREFACE This Instructor’s Resource Manual is a teaching supplement to the seventh edition of Financial Accounting by Robert Libby, Patricia A. Libby, and Daniel G. Short. It provides for flexibility in both methods of delivery and course content. This design allows instructors to meet the needs of their varying institutional missions and individual broad pedagogical objectives. Although the inexperienced teacher may find this supplement most useful, those with extensive teaching experience may find useful materials to support implementation of their innovative pedagogical approaches. The text provides for flexibility of course content by offering the instructor a selection of conceptual, procedural, and analytical objectives to develop a curriculum that supports the mission of their particular institution and needs of their students. The design of this manual facilitates the instructor’s selection of resources that coordinate with instructor selected objectives. The following pages provide a more detailed description of the organization of each chapter within this supplement. Assurance of Learning Ready Many educational institutions today are focused on the notion of assurance of learning, an important element of some accreditation standards. The seventh edition of Financial Accounting is designed specifically to support your assurance of learning initiatives with a simple, yet powerful solution. Each test bank question for the seventh edition of Financial Accounting maps to a specific chapter learning outcome/objective listed in the text. You can use our test bank software, EZ Test and EZ Test Online, or Connect Accounting to easily query for learning outcomes/objectives that directly relate to the learning objectives for your course. You can then use the reporting features of EZ Test or Connect Accounting to aggregate student results in similar fashion, making the collection and presentation of assurance of learning data simple and easy. AACSB Statement The McGraw-Hill Companies is a proud corporate member of AACSB International. Understanding the importance and value of AACSB accreditation, the seventh edition of Financial Accounting recognizes the curricula guidelines detailed in the AACSB standards for business accreditation by connecting selected questions in the seventh edition of Financial Accounting Test Bank to the six general knowledge and skill guidelines in the AACSB standards. The statements contained in the seventh edition of Financial Accounting are provided only as a guide for the users of this textbook. The AACSB leaves content coverage and assessment within the purview of individual schools, the mission of the school, and the faculty. While the seventh edition of Financial Accounting and the teaching package make no claim of any specific AACSB qualification or evaluation, we have within the seventh edition of Financial Accounting labeled selected questions according to the six general knowledge and skills areas. 1 Preface Organization of Instructor’s Resource Manual This manual provides material to support a pedagogical approach with a lecture orientation. The resources included for each of the textbook chapters are organized as follows: Chapter Topics and Resources 1. Learning Objectives and Related Assignment Materials The Learning Objectives and Related Assignment Materials table lists the learning objectives for the chapter and identifies the end of the chapter assignment material that relates to each of the student learning objectives. This table will be useful as you assign homework and will help to ensure adequate coverage of chapter contents. 2. Synopsis of Chapter Revisions Significant changes reflected in each chapter are highlighted. 3. PowerPoint Slides The PowerPoint slides that may be the most useful in the classroom are linked to the learning objectives. 4. Related Video Program(s) A wide variety of videos, which can easily be incorporated into classroom discussion since they are generally ten to twelve minutes in length, are available to adopters of the seventh edition of Financial Accounting on the textbook website at www.mhhe.com/libby7e. The McGraw-Hill/Irwin Financial Accounting Video Series includes action-oriented videos featuring real-world companies. Each of the video program(s) that support classroom coverage of one or more of the important concepts in the chapter is briefly described. 5. Chapter Take-Aways, Key Ratio(s), and Finding Financial Information The Chapter Take-Aways, the Key Ratio(s), and the Finding Financial Information table are included to provide a quick overview of the chapter. Ready-to-Tailor Resources 6. Chapter Outline and Teaching Notes A detailed discussion of the chapter material is presented in outline form. Topics that students often find confusing or difficult are highlighted. Wide marginal space is provided so that you can easily add your own notes and comments. 7. Supplemental Enrichment Activities A wide variety of supplemental enrichment activities are included for instructor consideration. Most are suitable for group exercises. Some are described as activities appropriate for in-class use; others may be more appropriate for out-of-class assignments. Handout masters and solutions for selected activities are included at the end of this section of the Instructor’s Resource Manual. 2 Preface All of the materials included in this Instructor’s Resource Manual are available to adopters and we encourage you to use this manual with the text in any way you deem useful. You may modify any of these materials to suit your own pedagogical needs. As adopters, you are permitted to duplicate any of the materials for distribution to your classes. In this decade of change in accounting education, collaboration and continuous improvement are essential. We would truly appreciate your feedback as to the usefulness of the materials contained within and any ideas you would like to share. Jeannie M. Folk jeannie.folk@gmail.com 3