2011 - 2012 Student Calendar - Helena College of Technology

Course DescriptionsACTG101 Accounting Procedures ICredits: 4Prerequisites: noneIntroduction to the basic accounting cycle, accountingtransaction analysis, preparation of journal entries, trialbalance, worksheets, and financial statements. Accounting forsole proprietorships is emphasized, including special journalaccounting procedures.ACTG102 Accounting Procedures IICredits: 4Prerequisite: A “C-” or higher in ACTG101 or consent ofinstructorContinuation of accounting transactions, financial statements,and analysis of accounts receivable, notes payable, notesreceivable, merchandise inventory, property, plant, equipment,and long-term bonds. Accounting for partnerships andcorporations is introduced.ACTG180 Payroll AccountingCredits: 3Prerequisite: A “C-” or higher in ACTG101 and CAPP131 orsatisfactory score on placement test and M121 or M108T orconsent of instructorAn introduction to payroll accounting emphasizes the processof accounting for payroll by employers and the rights ofemployees. Topics covered include the historical perspectiveof payroll accounting, the payroll accounting process from thelegal issues surrounding hiring and maintaining records foremployees, calculating gross pay, net pay, and payroll taxes,calculating employees’ deductions and benefits, recordingpayroll transactions, procedures for making payroll taxdeposits, and completing employment tax reports.ACTG201 Principles of Financial AccountingCredits: 3 Offered Fall SemesterPrerequisites: A “C-” or higher in ACTG101, ACTG102, andM121 or M108T or consent of instructorThis course emphasizes the understanding of fundamentalaccounting principles and procedures and will develop thestudent’s accounting problem-solving and critical thinkingabilities. Topics covered include the basic structure of analyzingand recording transactions, establishing accounting policy,generally accepted accounting principles, control of cash,receivables and payables, merchandise inventory evaluationmethods, recording of property, plant, and equipmenttransactions, and long-term financing. Sources of equity capitalfor corporations and financial statements are analyzed.Transferability InitiativeThe Montana University System has been undergoing a state-wide curriculum review to improve the transferprocesses between its campuses. UM-Helena has been fully engaged in that review. As a result, many of our courseprefixes, numbers, and even titles have had to change in order to more clearly connect to similar courses at othercampuses. The course content is typically not any different, and any course that you took under its old name andnumber will be considered equivalent to the new name and number. If it is difficult to find information on a course,please contact UM-Helena’s Academic Affairs office at 444-1221 or search the Montana University System websitefor the new course information (mus.edu).ACTG202 Principles of Managerial AccountingCredits: 3 Offered Spring SemesterPrerequisites: A “C-” or higher in ACTG101, ACTG102,ACTG201, and M121 or M108T or consent of instructorThis course emphasizes the fundamental concepts for planning,control, and decision-making. Topics covered include the basicstructure of systems design, planning and control throughstandard costs, cost variance analysis, cost-volume-profitanalysis, operating and capital budgets, and using relevantcosts in decision making.ACTG205 Computerized AccountingCredits: 3Prerequisites: A “C-” or higher in ACTG101 and CAPP131 orconsent of instructorThis course is an introduction to accounting on microcomputers,which provides a realistic approach to computerized, integratedaccounting principles. This course emphasizes set up andmaintenance of accounts and transactions used in the generalledger, sales and accounts receivable, purchasing and accountspayable, cash receipts, cash disbursements, job costing, financialstatement analysis, payroll setup and processing, budgets, andbusiness analysis.ACTG211 Income Tax FundamentalsCredits: 3 Offered Fall SemesterPrerequisites: noneA fundamental overview of tax schedules and forms as requiredby the Federal and State Internal Revenue Services.ACTG215 Foundations of Governmental and Not for ProfitAccountingCredits: 3 Offered Spring SemesterPrerequisites: A “C-” or higher in ACTG101 and ACTG102 orconsent of instructorAccounting for governmental and nonprofit organizations isexplored. Topics covered include objectives and principlesof accounting for governmental entities, differences betweenbusiness and government accounting, modified and accrualaccounting, transactions for the general fund, special revenuefunds, capital projects funds, debt service funds, permanentfunds, proprietary funds (enterprise and internal service), andfiduciary funds. The influence of FASB and GASB on reportingfor colleges and universities, governmental entities, and othernonprofit organizations is reviewed.84 2011 - 2012 Academic Catalog UM-Helena College of Technology