This course introduces the student to financial accounting. It includes recording transactions, making adjustments, and preparation of financial statements. Detailed coverage of accounting for cash, receivables, inventories, property, plant and equipment, payroll, and other current liabilities is included. The course covers the various forms of ownership including sole proprietorships, partnerships, and corporations

This course completes the introduction to financial accounting by covering long-term investments and liabilities. Students learn to prepare and understand a statement of cash flows and perform financial statement analysis. The course then turns its focus to managerial accounting: Cost analysis and decision making, job costing, process costing, capital budgeting, cost-volume-profit analysis, and variance analysis.

Prerequisite: ACTG 201

This course completes the introduction to financial accounting by covering long-term investments and liabilities. Students learn to prepare and understand a statement of cash flows and perform financial statement analysis. The course then turns its focus to managerial accounting: Cost analysis and decision making, job costing, process costing, capital budgeting, cost-volume-profit analysis, and variance analysis.

Prerequisite: ACTG 201

Accounting for Non-Profit Organizations is an introductory course in school accounting systems. The course is outlined after the model presented in the Montana School Accounting Manual published by the Office of Public Instruction. The course will note the differences in accounting systems as learned in the ACTG 201 and ACTG 202 Accounting Principles courses and those systems used for school accounting.

Prerequisite: ACTG 202

This class completes the financial accounting sequence. It focuses on problem areas including pension obligations, various equity instruments, accounting for inflation, earnings per share, and Statement of Cash Flows.

Prerequisite: ACTG 301

This class completes the financial accounting sequence. It focuses on problem areas including pension obligations, various equity instruments, accounting for inflation, earnings per share, and Statement of Cash Flows.

Prerequisite: ACTG 202

This course emphasizes the use of accounting information in managerial decision-making. Content includes cost-volume-profit analysis, budget preparation, analysis of variances, relevant costs, and pricing decisions.

Prerequisite: ACTG 202

Financial Statement Analysis trains the participant to thoroughly understand the financial statements of a business. It is useful for indicating problems a business may have while there is still time to take corrective action. Students learn that lenders and investors analyze a financial statement from a different perspective than management. It is, therefore, very useful for students planning to enter banking, accounting, management, or investing careers. Specific elements of the course include ratio analysis, understanding “window dressing”, or the deliberate attempts by a company to glorify its financial statements, Dupont analysis, industry analysis, and forecasting bankruptcy.

Prerequisite: ACTG 202

The course serves as both a basic introduction to the legal system and a general overview of specific legal topics. In the introductory phase of the class, students will study the different kinds of law that make up our legal system, the courts, and the steps in a court case. The class will cover traditional legal topics like contract law, property law, torts, and business organizations. Students will also study newer areas of law like sales contracts, product liability law, and consumer protection law.

This course teaches broad analytical skills to future managers to help them make financial decisions. The student learns basic skills like break-even analysis, budgeting, time-value of money, risk and financial statement analysis. They will apply those concepts to more sophisticated problems like capital budgeting projects, working capital management, and choosing sources of capital.

Prerequisites: ACTG 201 and ACTG 202

Principles of rational choice, price determination, market resource allocation, competition, and the role of government in the economy.

Prerequisite: University competency in math or permission of instructor.
Meets MSU-Northern General Education Core Social Sciences/ History (CAT IV) requirement.
Montana University System Core Course

This is a course in the principles of national income and product accounting, aggregate demand and supply, employment, monetary theory, macroeconomic stabilization, and basic principles of international trade and finance.

Prerequisite: University competency in math
Meets MSU-Northern General Education Core Social Sciences/ History (CAT IV) requirement.
Montana University System Core Course