Small Business Accounting Procedures
I. Course Prefix/Number: ACC 100
Course Name: Small Business Accounting Procedures
Credits: 3 (3 lecture; 0 lab)
III. Course (Catalog) Description
IV. Learning Objectives
A. The accounting cycle.
B. Journal entries using manual and computerized accounting systems.
C. Other Accounting concepts including cash management, billing, and budgeting.
D. Basic concepts re: analysis and use of financial statement data.
V. Academic Integrity and Student Conduct
• plagiarism (turning in work not written by you, or lacking proper citation),
• falsification and fabrication (lying or distorting the truth),
• helping others to cheat,
• unauthorized changes on official documents,
• pretending to be someone else or having someone else pretend to be you,
• making or accepting bribes, special favors, or threats, and
• any other behavior that violates academic integrity.
There are serious consequences to violations of the academic integrity policy. Oakton's policies and procedures provide students a fair hearing if a complaint is made against you. If you are found to have violated the policy, the minimum penalty is failure on the assignment and, a disciplinary record will be established and kept on file in the office of the Vice President for Student Affairs for a period of 3 years.
Please review the Code of Academic Conduct and the Code of Student Conduct, both located online at
VI. Sequence of Topics
A. The accounting equation
B. Financial statements
C. Double entry system
D. Journalizing and posting
E. Trial balance and financial statements
F. Completing the accounting cycle
G. Cash management
H. Basic budgeting concepts
I. Introduction to the analysis and use of financial statement data
VII. Methods of Instruction
In Example --
A. Lecture and Discussion
B. Working Problems and Reviewing Solutions
C. Collaborative Projects
D. Case Problems
Course may be taught as face-to-face, hybrid or online course.
VIII. Course Practices Required
Students must perform on a college level in reading, writing, problem solving, and oral presentation.
IX. Instructional Materials
Varies by instructor
X. Methods of Evaluating Student Progress
In example --
A. Four Tests (100 pts each)
Final Exam (200 points)
Homework (6 points each)
Quizzes (10 points each)
Projects/Cases (50 points each)
Attendance is considered if a student is between grades.
B. A point scale based on total possible points.
90 - 100% = A
80 - 89% = B
70 - 79% = C
60 - 69% = D
59% & below F
XI. Other Course Information
If you have a documented learning, psychological, or physical disability you may be entitled to reasonable academic accommodations or services. To request accommodations or services, contact the Access and Disability Resource Center at the Des Plaines or Skokie campus. All students are expected to fulfill essential course requirements. The College will not waive any essential skill or requirement of a course or degree program.
Oakton Community College is committed to maintaining a campus environment emphasizing the dignity and worth of all members of the community, and complies with all federal and state Title IX requirements.
Resources and support for
- pregnancy-related and parenting accommodations; and
- victims of sexual misconduct
Resources and support for LGBTQ+ students can be found at www.oakton.edu/lgbtq.