Accounting Systems & Procedures

I.     Course Prefix/Number: ACC 250

       Course Name: Accounting Systems & Procedures

       Credits: 3 (3 lecture; 0 lab)

II.    Prerequisite

Recommended: ACC 153

III.   Course (Catalog) Description

Course requires work with accounting systems to maintain the books and prepare financial statements.  Content includes preparation of source documents, flowcharts, journal entries, adjusting entries, general ledgers, subsidiary ledgers, bank reconciliations, depreciation schedules, payroll records, and financial statements, including the statement of cash flows. Microsoft Excel, and QuickBooks used in this course. Prior experience with the software not required.

IV.   Learning Objectives

To prepare students to demonstrate understanding of concepts and ability to solve problems in the following areas:

  1. Designing and setting up accounting systems for trading and service companies.
  2. Journalizing, posting, and creating worksheets and financial statements
  3. Keeping books for the above system using computer software packages
  4. Maintaining subsidiary ledgers for various businesses
  5. Understanding source documents and internal control systems
  6. Creating cash flow statements

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
www.oakton.edu/studentlife/student-handbook.pdf

VI.   Sequence of Topics

  1. Designing and setting up accounting systems for trading and service companies.
  2. Journalizing, posting, and creating worksheets and financial statements
  3. Keeping books for the above system using computer software packages
  4. Maintaining subsidiary ledgers for various businesses
  5. Understanding source documents and internal control systems
  6. Creating cash flow statements

VII.  Methods of Instruction

  1. Lecture and Discussion
  2. Hands-on practice sets in QuickBooks, Excel, and Peachtree

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, oral presentation and basic application.

Course may be taught as face-to-face, hybrid or online course.

IX.   Instructional Materials

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

  1. Textbook
  2. Student Handout Packet only available at Oakton bookstore.

X.    Methods of Evaluating Student Progress

A point scale based on total possible points will be used;
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 www.oakton.edu/title9/.

Resources and support for LGBTQ+ students can be found at www.oakton.edu/lgbtq.