Course Descriptions - Accounting (ACTG)

ACTG 094 PCE TOPIC
Non-credit professional and continuing education (PCE) courses offered to provide condensed coursework to meet the needs of working students and professionals. These courses are eligible for Continuing Education Units (CEU’s) and OPI Renewal Units and are transcribed on the student’s continuing education transcript.

ACTG 101 ACCOUNTING PROCEDURES I
Credits: 3
Term: (F,S)
Prerequisite: M 065 or qualifying math placement score

Corequisite: ACTG 094 ACTG101 Orientation (students who do not complete orientation by the end of the first week of class will be dropped from the course)

Content of the course covers the complete accounting cycle including creating source documents, journalizing transactions, posting to ledgers, preparing worksheets and basic financial statements including the income statement and balance sheet, end-of-period closing activities, payroll and special journals for both service and merchandising businesses.

ACTG 102 ACCOUNTING PROCEDURES II
Credits: 3
Term: (F,S)
Prerequisites: ACTG 101
Pre OR Corequisite: M 108

This course is a continuation of Accounting Procedures I. Additional topics covered include notes payable and notes receivable, valuation of receivables and uncollectible accounts, valuation of inventories, plant assets and depreciation, partnership accounting, corporate organization, capital stock, worksheets, taxes, dividends, and corporate bonds, statement of cash flows and comparative financial statements.

ACTG 180 PAYROLL ACCOUNTING
Credits: 3
Term: (F,S)
Prerequisites: ACTG 101
Pre OR Corequisites: CAPP 120, M 108

Students will become knowledgeable in the payroll records required to comply with various federal and state laws affecting payroll. The Federal Fair Labor Standards Act and the Montana Wage/Hour laws are studied. Students will develop skills in actual payroll preparation. Activities include computing gross salaries, social security, federal and state income tax deductions, journalizing payroll transactions, posting to ledgers and preparation of federal and state payroll tax returns, and reports.

ACTG 194 PCE TOPIC
Credits: VARIES (Sufficient Demand)

Credit-bearing professional and continuing education (PCE) courses offered to provide students and professionals condensed courses for skills upgrades, Professional Certification requirements, and as electives for the Associate of Arts (AA) or Associate of Science (AS) degrees. These courses may be eligible for financial aid for students pursuing the AA or AS degrees and are transcribed on the student’s undergraduate transcript.

ACTG 201 PRINCIPLES OF FINANCIAL ACCOUNTING
Credits: 3
Term: (F)
Prerequisites: ACTG 102
Pre OR Corequisites: M 095, M 145, or qualifying math placement score

This course is an introduction to financial accounting principles. Specific topics studied include generally accepted accounting principles and concepts, the accounting cycle, financial statement preparation, internal controls, cash, short-term investments, receivables, inventory, plant and intangible assets, current and long-term liabilities including present value concepts, corporations and stockholders equity, the statement of cash flows, and financial statement analysis.

ACTG 202 PRINCIPLES OF MANAGERIAL ACCOUNTING
Credits: 3
Term: (S)
Prerequisite: ACTG 201

This course is an introduction to managerial accounting principles
concerned with providing information to managers for use in planning and controlling operations and in decision making. Specific topics studied include manufacturing cost concepts for job and process cost accounting, service department cost allocation, cost-volume-profit analysis, master and flexible budgeting, standard costs and variance analysis, capital
budgeting and relevant costs.

ACTG 205 COMPUTERIZED ACCOUNTING
Credits: 3
Term: (F)
Prerequisites: ACTG 102, ACTG 180
Corequisites: ACTG 201

Students will complete a variety of accounting projects using microcomputer accounting software.

ACTG 211 INCOME TAX FUNDAMENTALS
Credits: 3
Term: (S)
Prerequisites: ACTG 180, ACTG 201

This course introduces students to the basic income taxation principles, concepts, and procedures of individuals, proprietorships, partnerships, and corporations.