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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:
A.    Designing and setting up accounting systems for trading and service companies.
B.    Keeping books for the above businesses.
C.    Keeping books for the above system on a computer.
D.    Keeping payroll records for various businesses.
E.    Filling out payroll tax returns for various businesses.
F.    Filling out sales tax returns for various businesses.

V.    Academic Integrity

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.
Details of the Code of Academic Conduct can be found in the Student Handbook.

VI.   Sequence of Topics

A.    Accounting Systems - Worksheets/Financial Statements
B.    Accounting Systems - Transaction Worksheet/Financial Statements
C.    Accounting Systems - From Source Documents
D.    Accounting Systems - Computer Applications
E.    Payroll Summarization - Summary Worksheets/Tax Returns
F.    Payroll Systems - From Source Documents
G.    Sales Tax Returns

VII.  Methods of Instruction

A.    Lecture and discussion
B.    Working problems and reviewing solutions
C.    Collaborative Projects
D.    Case Problems
Course may be taught as face-to-face, media-based, 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.

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

A student must continue to submit each project until it is 95% accurate.  He may submit each project three times; however, only his first grade is recorded.  Each project is worth 100 points or an amount as designated by the instructor.

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.