British Columbia Institute of Technologywww.bcit.ca/study/courses/fmgt7210

BCIT

FMGT 7210 - Advanced Management Accounting

Financial Management Part-time Studies Course

School of Business

Course Details

This course will examine, in depth, topical areas from the discipline of management accounting. The emphasis is on why and how the various concepts learned in the previous 2 cost accounting courses and other advanced level management accounting concepts are applied in business environment. The course examines: the strategies used by manufacturing and service entities as well as not-for-profit and government organizations; the characteristics of effective management control systems that are in place to motivate managers and employees to implement strategies; motivating behaviour through the understanding of agency theory, rules of ethics, and the need for trust and goal congruency; the use of budgeting process as a tool to implement strategy; the use of activity-based management for goal congruency; performance measurements on strategic business units; measuring and controlling assets employed; assessing performance over the value chain functions; strategy maps and the use of the balanced scorecard in for-profit sector, and in government and other organizations; the use of transfer prices to promote goal congruency in business units; long-term spending decisions to develop future capabilities and capital budgeting; and short-term decision tools such as regression, linear programming, expected values, decision-trees and analysis of uncertainty and risk. The students will also analyze applicable case material and videos, and research businesses in order to identify and comprehend the applied management accounting practices. A number of cases will be assigned as individual and team assignments. There is also a project requiring the students to: research specific firms; discuss the strategies, the management control systems that are put in place to ensure that strategies are implemented and the effectiveness of the control systems; identify the performance measures that are used in the firms; implement benchmarking process; create the balanced scorecard; make recommendations for operational improvements; record the above in a term paper; and make presentations to the class.

Prerequisite(s)

Completion of FMGT 3210 and FMGT 4210 with a minimum average grade of 65%

Credits

4.0

Cost

$721.88 - $722.54 See individual course offerings below for actual costs.

Fall 2014

Below are two offerings of this course for the Fall 2014 term.

CRN 31950

Mon Sep 08 - Mon Dec 08 13 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 08 - Dec 08 Mon 18:00 - 21:45 BBY SE6 Rm. 208

Instructor

Noel Brennan

Course Outline

Cost

$722.54

Notes

  1. Departmental approval needed
  2. THIS IS A DEGREE LEVEL COURSE FOR THE BACHELOR OF TECHNOLOGY IN ACCOUNTING. Please note the following registration guidelines: 1. Acceptance into the Btech in Accounting Program OR 2. Completion of FMGT 3210 and 4210 (or equivalent), with a minimum average grade of 65% and approval from the Department;this can be obtained by calling the Degree Program Administrator at: 604-456-8070. NOTE: There will be NO CLASS on Monday, October 13th, 2014 - Thanksgiving Day.

This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.

In Progress

CRN 35920

Thu Sep 11 - Thu Dec 11 13 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 11 - Dec 11 Thu 18:00 - 21:45 BBY SE6 Rm. 112

Instructor

Paul Jeyakumar

Course Outline

TBD

Cost

$722.54

Notes

  1. Departmental approval needed
  2. THIS IS A DEGREE LEVEL COURSE FOR THE BACHELOR OF TECHNOLOGY IN ACCOUNTING. Please note the following registration guidelines: 1. Acceptance into the Btech in Accounting Program OR 2. Completion of FMGT 3210 and 4210 (or equivalent), with a minimum average grade of 65% and approval from the Department;this can be obtained by calling the Degree Program Administrator at: 604-456-8070. No class on September 18th.

This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.

In Progress

Winter 2015

Below are three offerings of this course for the Winter 2015 term.

CRN 77357

Sat Jan 03 - Sat Mar 28 13 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 03 - Mar 28 Sat 09:00 - 12:45 BBY SW1 Rm. 3150

Instructor

TBD

Course Outline

TBD

Cost

$721.88

Notes

  1. Departmental approval needed
  2. THIS IS A DEGREE LEVEL COURSE FOR THE BACHELOR OF TECHNOLOGY IN ACCOUNTING. Please note the following registration guidelines: 1) Acceptance into the BTech in Accounting Program OR 2) Completion of FMGT 3210 and 4210 (or equivalent), with a minimum average grade of 65% and special approval from the Department; this can be obtained by calling the Degree Program Administrator at 604-456-8070. This course fulfills the CPA prerequisites for Advanced Management Accounting. https://www.gocpabc.ca/wp-content/uploads/2014/02/bcit_prep.pdf

This section is only available for registration starting Sun, Oct 26 at 9:00 am (PDT)

Sneak Preview

CRN 44459

Mon Jan 05 - Mon Apr 20 13 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 05 - Apr 20 Mon 18:00 - 21:45 BBY SW1 Rm. 3150

Instructor

TBD

Course Outline

TBD

Cost

$721.88

Notes

  1. Departmental approval needed
  2. THIS IS A DEGREE LEVEL COURSE FOR THE BACHELOR OF TECHNOLOGY IN ACCOUNTING. Please note the following registration guidelines: 1. Acceptance into the BTech in Accounting Program, or 2. Completion of FMGT 3210 and 4210 (or equivalent), with minimum average grade of 65% and special approval from the Department; this can be obtained by calling the Degree Program Administrator at 604-456-8070. This course fulfills the CPA prerequisite for Advanced Management Accounting. https://www.gocpabc.ca/wp-content/uploads/2014/02/bcit_prep.pdf NOTE: NO CLASS on February 9th (BC Family Day), No class on March 9thh (BCIT Spring Break) and No class on April 6th (Easter Monday).

This section is only available for registration starting Sun, Oct 26 at 9:00 am (PDT)

Sneak Preview

CRN 42812

Tue Jan 13 - Tue Apr 14 13 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 13 - Apr 14 Tue 18:00 - 21:45 BBY SE6 Rm. 112

Instructor

Paul Jeyakumar

Course Outline

TBD

Cost

$721.88

Notes

  1. Departmental approval needed
  2. THIS IS A DEGREE LEVEL COURSE FOR THE BACHELOR OF TECHNOLOGY IN ACCOUNTING. Please note the following registration guidelines: 1) Acceptance into the BTech in Accounting Program OR 2) Completion of FMGT 3210 and 4210 (or equivalent), with a minimum average grade of 65% and special approval from the Department; this can be obtained by calling the Degree Program Administrator at 604-456-8070. This course fulfills the CPA prerequisite for Advanced Management Accounting. https://www.gocpabc.ca/wp-content/uploads/2014/02/bcit_prep.pdf NOTE: NO CLASS on Tuesday March 10th (BCIT Spring Break)

This section is only available for registration starting Sun, Oct 26 at 9:00 am (PDT)

Sneak Preview

Learning Outcomes

Upon successful completion, the student will be able to:

  • Develop analytical and critical thinking skills by: exploring relationships between strategies and operational initiatives to meet the goals of the organization; creating the balanced scorecard for organizations; identifying appropriate performance measures to motivate managers to fulfill the goals of the organization; recognizing opportunistic behaviour of decision-makers; using appropriate decision tools for short-term and long-term decisions, in manufacturing and service entities and in both for-profit and non-for-profit organizations.
  • Apply management accounting concepts to varying types and sizes of organizations including small to medium-sized businesses.
  • Develop communication and teamwork skills.
  • Assess the importance of ethical decisions/behaviour as they relate to all aspects of an organization.
  • Integrate the major topics of advanced management accounting.
  • Understand the behavioural aspects of management accounting.
  • Perform analyses relevant to specific managerial decisions.
  • Enhance awareness of current issues in designing and implementing effective management control systems.
  • Make decisions under difficult and unique environmental circumstances, either internal or external.
  • Plan for constraints placed on organizations, such as competition, economies of scale, limited resources, out-sourcing, and factors affecting pricing decisions.
  • Understand the challenges of motivating, controlling and evaluating decentralized organizational units.
  • Discuss how the balanced scorecard provides a comprehensive framework for strategic and operational control.
  • Examine the nature of organizational planning, the establishment of goals and goal congruence.
  • Evaluate management control systems for an organization.
  • Measure performance in relation to controls and assess the importance of self-regulating systems and employee involvement.
  • Discuss how decisions are made for investments in new technologies by determining investment payoffs, which also include enhanced performance for customers, for critical internal processes and for enhancing organizational capabilities.
  • Analyze the effects of various pay incentive schemes on performance.
  • Apply soft-ware tools, such as Regression, Linear Programming Models, Decision-Trees, etc., to assist in complex short-term and long-term operational decisions. ? Apply soft-ware tools, such as Regression, Linear Programming Models, Decision-Trees, etc., to assist in complex short-term and long-term operational decisions.

Related Programs

FMGT 7210 is offered as a part of the following programs:

School of Business

  1. Accounting
    Full-time/Part-time   Bachelor of Technology

Books & Supplies

The BCIT bookstore carries textbooks, general reference books, software, and stationery. Please visit bcit.ca/bookstore for more information.

Fall 2014

Books for Fall 2014 offerings of this course are available in the following BCIT online bookstores. Please choose the bookstore appropriate for the offering you are considering.

BCIT Burnaby Bookstore

If you are taking this course, but are not taking it through either Distance Education or Online Learning, nor at the BCIT Downtown Campus (DTC), please purchase books for this course at the BCIT Burnaby Bookstore.

Advanced Management Accounting Text And Casebook : Bcit Custom
Author Pearson Custom
Publisher Ph
Binding Kit/Set/Package
ISBN 978-0-13510-297-8
Price $188.50
Required

Winter 2015

No information on books is currently available for Winter 2015 offerings of this course.

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Registration News

Registration is currently open for the Fall 2014 term.

A sneak preview of Winter 2015 term courses is also available here. These courses are available for Web registration only starting Sun, Oct 26 at 9:00 am (PDT).

Students may also register by phone, mail or in-person, starting Mon, Oct 27 at 8:00 am (PDT).

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