College Accounting: A Practical Approach, Chapters 1-12 with Study Guide and Working Papers, 13th edition

Published by Pearson (December 31, 2014) © 2016

  • Jeffrey Slater North Shore Community College

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Coach students to success with in-chapter learning tools

  • Accounting Coach - Each Learning Unit of the chapter is summarized as a “Pre-Game Tip”, for students to review before taking the “Pre-Game Checkup”. These True/False questions challenge the student to apply what’s learned in each section.
  • On-the-Job-Training - This feature offers experience and helps students prepare for the workforce.
  • Blueprint - The blueprint is a visual summary that stresses when to do specific activities of the chapter. Students can use this feature as a roadmap to review what they have learned.

Reinforce concepts with end-of-chapter practice material

  • REVISED! End-of-chapter problem material gives a fresh opportunity for students and instructors to review their material.
  • NEW! Demonstration Summary Problems, Chapters 6-12, walk students through a sample problem as if they were getting one-on-one help from their instructor.
  • Chapter Summary - Organized by Learning Objective, the Chapter Summary breaks down the key elements of each objective, and provides easy reference to the key terms.
  • Discussion Questions and Critical Thinking/Ethical Cases - The first set of end-of-chapter questions asks students to think critically about what they have just learned. They require short essay answers.
  • Concept Checks - These short exercises can be assigned as homework or discussed in class for difficult topics.
  • Exercises and Problems (Sets A and B) - Each question has been updated in this new edition. Short exercises can be assigned or used in class to focus on building skills. The longer problems give students a chance to do one learning unit at a time or combine many units in one problem. These type of problems help put the pieces together. They’re a great reinforcement of the accounting principles.
  • Financial Report Problem - Students use the 2013 annual financial report of the Kellogg’s Company to apply theory and applications completed in the chapter.

Help students apply the technological basics

  • REVISED! Computer Workshops - This book contains seven computer workshops to be completed with Sage 50 (formerly Peachtree) and QuickBooks. These workshops give students an opportunity to practice in real-world applications.
  • On-The-Job Continuing Problem - Students follow the activities of a fictional company, The Smith Computer Center, and then are asked to apply concepts to solve specific accounting problems for the company. Problems can be found in Chapters 1-12 and can be solved manually or by using Sage 50 or Quickbooks.
  • Mini In-Text Practice Sets - The in-text Sousa Realty Practice Set (Chapter 5) and The Elegant Dress Shop Practice Set (Chapter 12) enable students to complete two cycles of transactions (either manually, with Sage 50 or with Quickbooks).

Stay current with chapter specific updates

  • REVISED! Chapter 1: Accounting Concepts and Procedures - New discussion in Learning Unit 1-3 of Cash Basis versus Accrual Accounting. This new section reinforces the matching principle as students begin recording transactions into the expanded accounting equation. This discussion sets the framework for the text’s use of the Accrual Basis of Accounting.
  • REVISED! Chapter 4: The Accounting Cycle Continued - New learning unit added to chapter 4. This new unit focuses on adjustments and how to record them on the worksheet. A step-by-step approach is used to place adjustments on the worksheet. The remainder of the chapter focuses on completion of the worksheet and preparing the financial statements.
  • REVISED! Chapter 6: Banking Procedures and Control of Cash - This chapter provides a fresh look at how technology is changing the banking process. A new focus is on the latest trends in banking and how banking apps provide easy smartphone access to banking. Mobile banking has been completely updated to provide students with the latest technology updates like computerized bank deposits and virtual checks.
  • REVISED! Chapter 7: Calculating Pay and Recording Payroll Taxes: The Beginning of the Payroll Process - This chapter takes a new approach to simplifying concepts. All tables, figures, and rates have been updated to use the 2014 rates. The chapter also features a new presentation of the payroll register in a much more concise format to enhance student learning.
  • REVISED! Chapter 8: Paying the Payroll, Depositing Payroll Taxes, and Filing the Required Quarterly and Annual Tax Forms: The Conclusion of the Payroll Process - New forms are included in this chapter, along with a simplified presentation of tax deposits and new information about FUTA--its new rate and form. This chapter has also been streamlined from the previous edition. Students can more clearly see the relationship of the employee to the employer.

Other points of distinction                         

  • NEW! Discussions of modern accounting techniques and tools bring accounting practice into the 21st century, while still focusing on building basic skills and background knowledge so students can critically understand their practice.
  • NEW! Learning Objectives align with Learning Units for easy class organization and topic coverage.

Also available with MyAccountingLab®

MyAccountingLab is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.

  • eText 2.0 keeps students engaged in learning on their own time, while helping them achieve greater conceptual understanding of course material. The worked examples bring learning to life, and algorithmic practice allows students to apply the very concepts they are reading about. Combining resources that illuminate content with accessible self-assessment, MyAccountingLab with Enhanced eText provides students with a complete digital learning experience – all in one place.
    • Try It! - Interactive questions found after each learning unit give students the opportunity to apply the concept they just learned. Linking in the eText will allow students to practice in MyAccountingLab without interrupting their interaction with the eText. Students’ performance on the questions creates a precise adaptive study plan for additional practice.
    • Video Solutions - Found in the eText and MyAccountingLab, the video solutions feature the author walking through the Try It! questions on a white board. Designed to give students detailed help when they need it.
  • Dynamic Study Modules: Help students study effectively on their own by continuously assessing their activity and performance in real time. Here's how it works: students complete a set of questions with a unique answer format that also asks them to indicate their confidence level. Questions repeat until the student can answer them all correctly and confidently. Once completed, Dynamic Study Modules explain the concept using materials from the text. These are available as graded assignments prior to class, and accessible on smartphones, tablets, and computers.
  • Learning Catalytics - an interactive, student response tool that uses students’ smartphones, tablets, or laptops to engage them in more sophisticated tasks and thinking. Instructors, you can:
    • Pose a variety of questions that help your students develop critical thinking skills
    • Monitor responses to find out where students are struggling
    • Use real-time data to adjust your instructional strategy and try other ways of engaging your students during class
    • Manage student interactions by automatically grouping students for discussion, teamwork, and peer-to-peer learning
  • Demonstration Summary Problems, Chapters 6-12, walk students through a sample problem as if they were getting one-on-one help from their instructor.
  • REVISED! Computer Workshops - This book contains seven computer workshops to be completed with Sage 50 (formerly Peachtree) and QuickBooks. These workshops give students an opportunity to practice in real-world applications.
  • Discussions of modern accounting techniques and tools bring accounting practice into the 21st century, while still focusing on building basic skills and background knowledge so students can critically understand their practice.
  • Learning Objectives align with Learning Units for easy class organization and topic coverage.

Stay current with chapter specific updates

  • Chapter 1: Accounting Concepts and Procedures - New discussion in Learning Unit 1-3 of Cash Basis versus Accrual Accounting. This new section reinforces the matching principle as students begin recording transactions into the expanded accounting equation. This discussion sets the framework for the text’s use of the Accrual Basis of Accounting.
  • Chapter 4: The Accounting Cycle Continued - New learning unit added to chapter 4. This new unit focuses on adjustments and how to record them on the worksheet. A step-by-step approach is used to place adjustments on the worksheet. The remainder of the chapter focuses on completion of the worksheet and preparing the financial statements.
  • Chapter 6: Banking Procedures and Control of Cash - This chapter provides a fresh look at how technology is changing the banking process. A new focus is on the latest trends in banking and how banking apps provide easy smartphone access to banking. Mobile banking has been completely updated to provide students with the latest technology updates like computerized bank deposits and virtual checks.
  • Chapter 7: Calculating Pay and Recording Payroll Taxes: The Beginning of the Payroll Process - This chapter takes a new approach to simplifying concepts. All tables, figures, and rates have been updated to use the 2014 rates. The chapter also features a new presentation of the payroll register in a much more concise format to enhance student learning.
  • Chapter 8: Paying, Recording, and Reporting Payroll and Payroll Taxes: The Conclusion of the Payroll Process - New forms are included in this chapter, along with a simplified presentation of tax deposits and new information about FUTA--its new rate and form. This chapter has also been streamlined from the previous edition. Students can more clearly see the relationship of the employee to the employer.

Preface


1. Accounting Concepts and Procedures

2. Debits and Credits: Analyzing and Recording Business Transactions

3. Beginning the Accounting Cycle

4. The Accounting Cycle Continued

5. The Accounting Cycle Completed

6. Banking Procedure 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

10. Purchases and Cash Payments

Appendix: Special Journals with Problem Material

11. Preparing a Worksheet for a Merchandise Company

Appendix: A Worksheet for Art’s Wholesale Clothing Company Using a Perpetual Inventory System

12. Completion of the Accounting Cycle for a Merchandise Company


Glindex


Photo Credits


Study Guide and Working Papers


Jeff Slater teaches at the North Shore Community College in Danver, Massachusetts, where he was voted Teacher of the Year. Additionally, he has acted as a consultant for the federal office of personnel management, training personnel in government bookkeeping and accounting. Jeff has traveled the country speaking about class retention in Accounting courses.

             

He has been author or co-author of over ten college textbooks, including the following Pearson titles:

  • Basic College Mathematics

  • Beginning Algebra

  • College Accounting

  • Intermediate Algebra

  • Prealgebra

Jeff lives with his wife Shelley and Golden Doodle Bernie. He has two children: Abby and Russell, and four grandchildren: Matt, Mia, Sam, and Hope. In his spare time, he enjoys collecting vintage toys and vintage auto parts.


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