College Accounting: A Practical Approach, 15th edition

Published by Pearson (February 2, 2022) © 2023
  • Jeffrey Slater
  • Mike Deschamps

Title overview

For courses in accounting and bookkeeping.

Learn the fundamental accounting principles

College Accounting: A Practical Approach provides readers with a strong foundation in the basics of accounting. Organized in a clear, easy-to-follow format, the text contains a plethora of learning tools and practice opportunities to help students immediately put their skills to use.

The 15th Edition stays current with modern accounting techniques and resources, including bookkeeping tips from the American Institute of Professional Bookkeepers and new trends in banking technology. With this, students are prepared to start an exciting career in the field of accounting.

Hallmark features of this title

A solid foundation of accounting concepts

  • The text focuses on building basic skills and background knowledge so students understand how to apply the concepts.
  • Scenarios and examples use real-world practices to illustrate accounting in action.

In-chapter learning tools

  • Coaching Tips provide short, to-the-point kernels of advice, when students need a hint or reminder.

Ample opportunity for practice

  • Student Demonstration Problems and Accounting Cycle Reviews encourage practice so students can master the accounting cycle (Chs. 1 to 5).
  • Demonstration Summary Problems walk students through a sample problem as if they were getting one-on-one help from their instructor (Chs. 6 to 25).

New and updated features of this title

A solid foundation of accounting concepts

  • UPDATED: Discussions of modern accounting techniques and tools bring accounting practice into the 21st century.
  • UPDATED: Chapter introductions and end-of-chapter exercises and problems test students' understanding.
  • UPDATED: Chapters 7 & 8 have been significantly updated and simplified to reflect changes in payroll law.
  • UPDATED: Discussions of the revenue recognition principle for the newly released standard keep students up-to-date on the latest policy.

Career-ready technological basics and in-chapter learning tools

  • NEW: American Institute of Professional Bookkeepers (AIPB) Bookkeeping Tips show students what it takes to be a successful certified bookkeeper. The Instructor Resource page also includes information on how to expand your bookkeeping program, including sample course offerings, to prepare students for both career readiness and the AIPB certifying exam.
  • NEW: Software Workshops for the new QuickBooks Online Software Simulation give students an opportunity to practice with online applications.

Table of contents

  1. Accounting Concepts and Procedures
  2. Debits and Credits: Analyzing and Recording Business Transactions
  3. Beginning the Accounting Cycle
  4. The Accounting Cycle Continued
      4A. Appendix: Depreciation
  5. The Accounting Cycle Completed
  6. Banking Procedures and Control of Cash
  7. Calculating Pay and Recording Payroll Taxes: The Beginning of the Payroll Process
  8. Paying the Payroll, Depositing Payroll Taxes, and Filing the Required Quarterly and Annual Tax Forms: The Conclusion of the Payroll Process
  9. Sales and Cash Receipts in a Perpetual Inventory System
  10. Purchases and Cash Payments in a Perpetual Inventory System
  11. Preparing a Worksheet for a Merchandise Company Using the Perpetual Method
  12. Completion of the Accounting Cycle for a Merchandise Company Using the Perpetual Inventory Method
      12A. Appendix: Accounting for Merchandise Inventory Using the Periodic Method of Inventory Valuation
  13. Accounting for Bad Debts
  14. Notes Receivable and Notes Payable
  15. Accounting for Merchandise Inventory
  16. Accounting for Property, Plant, Equipment, and Intangible Assets
  17. Partnership
  18. Corporations: Organizations and Stock
  19. Corporations: Stock Values, Dividends, Treasury Stocks, and Retained Earnings
  20. Corporations and Bonds Payable
  21. Statement of Cash Flows
  22. Analyzing Financial Statements
  23. The Voucher System
  24. Departmental Accounting
  25. Manufacturing Accounting

Author bios

About our authors

Jeff Slater has taught at North Shore Community College for 48 years. He has published 12 different texts selling over 2 million copies. Jeff has also worked as a consultant for the federal government. Jeff's teaching philosophy is to keep it simple. Over the years he has been known for his innovative ideas. Jeff received the Nisod Excellence Award for his teaching. He resides in Lexington, Massachusetts, with his wife Shelley and their 2 golden doodles Bernie and Fejjie. Jeff loves what he does and understands that students are his customers that need to be served in a professional manner. Jeff is available at jeffslater@aol.com and promises to get back to any student queries within 24 hours or less.

Mike Deschamps received a Bachelor of Science degree in accounting, graduating from the University of San Diego, where he served as the chapter president for Beta Alpha Psi, the national accounting honor society. Mike transferred to USD after completing several years at San Diego City Community College, where he really found his di-rection as a student, which was a significant factor in his desire to become a community college instructor.

After working in public accounting and obtaining his CPA license, Mike returned to San Diego State University, where he earned a master's degree in Accounting and a Certificate in Financial Planning. In addition, he earned his Enrolled Agent certification in 2004. He is currently pursuing a Master's degree in Online Teaching and Learning in the School of Education at California State University, East Bay. He believes that the delivery of meaningful accounting instruction for students must keep up with the changing technology environment in which accounting operates.

He is currently in his 14th year at MiraCosta Community College and previously was a tenured professor of accounting and financial services at Chaffey Community College, where he also served as the program coordinator for 6 years. He is an active member of Teachers of Accounting at Two-Year Colleges (TACTYC) and has presented at the National Convention a number of times. He is a member of the American Institute of Professional Bookkeepers and was instrumental in redesigning the bookkeeping curriculum at MiraCosta to better reflect the skills needed in today's bookkeeping environment. Having a curriculum that not only prepares students for the workplace but also assists them in preparing for a professional bookkeeping certification exam, such as the AIPB's Certified Bookkeeper Designation, was a key goal of that effort.

Loading...Loading...Loading...