Small Business Accounting Procedures

I.     Course Prefix/Number: ACC 100

       Course Name: Small Business Accounting Procedures

       Credits: 3 (3 lecture; 0 lab)

II.    Prerequisite


III.   Course (Catalog) Description

Course introduces accounting concepts and procedures relating to small business.  Content includes basic overview of accounting cycle, data entry using manual and computerized systems, analysis and use of financial statement data.  Course does not substitute for ACC 153, Principles of Financial Accounting.  ACC 100 is an option for Oakton accounting majors and may be counted toward A.A.S. in Accounting, Accounting Associate certificate, or the Income Tax Preparation certificate, if taken prior to ACC 153.

IV.   Learning Objectives

To prepare students to demonstrate the understanding of, and ability to solve problems re:

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

Students and employees at Oakton Community College are required to demonstrate academic integrity and follow Oakton's Code of Academic Conduct. This code prohibits:

• cheating,
• 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

In example --
Students must perform on a college level in reading, writing, problem solving, and oral presentation.

IX.   Instructional Materials

Note: Current textbook information for each course and section is available on Oakton's Schedule of Classes.

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
can be found at

Resources and support for LGBTQ+ students can be found at