- International Fees
International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
Course Overview
This course covers the full accounting cycle for individuals with little or no accounting background. Topics include accounting as an information system; introduction to accounting theory; income measure; traditional record keeping; the accounting cycle; cash and financial statements.
Prerequisite(s)
- No prerequisites are required for this course.
Credits
4.0
Domestic fees
$576.82 - $591.11 See individual course offerings below for actual costs.
Learning Outcomes
Upon successful completion of the course, the student will be able to:
- Describe the nature and purpose of accounting information including its limitations and basic concepts.
- Apply generally accepted accounting principles in the analysis and recording of business transactions.
- Apply the basic principles of double-entry bookkeeping to record transactions for both a service and a merchandising business.
- Prepare a trial balance.
- Analyze and record adjusting journal entries.
- Prepare financial statements (Income Statement, Statement of Owner's Equity and the Balance Sheet) for a service business and merchandising business.
- Prepare closing journal entries and close a set of books.
- Describe and differentiate the three forms of business organization.
- Determine the value of ending inventories under alternative generally accepted accounting methods.
- Apply estimating techniques to value ending inventories for interim financial statements and to estimate inventory shortages.
Effective as of Fall 2012
Related Programs
Accounting 1 (FMGT 1100) is offered as a part of the following programs:
- Indicates programs accepting international students.
- Indicates programs with a co-op option.
School of Business + Media
- Accounting
Diploma Part-time
- Accounting
Diploma Part-time
- Business Administration
Associate Certificate Part-time
- Business Fundamentals
Associate Certificate Full-time
- Business Management
Certificate Part-time
- Computerized Accounting
Associate Certificate Part-time
- Finance
Diploma Part-time
- Finance
Diploma Part-time
- Financial Management (Finance Option)
Certificate Part-time
- Financial Management (Professional Accounting Option)
Certificate Part-time
- Financial Planning
Diploma Part-time
- Financial Planning
Diploma Part-time
- Marketing Management
Certificate Part-time
- Marketing Management (Marketing Communications Option)
Certificate Part-time
- Marketing Management (Professional Sales Option)
Certificate Part-time
- Marketing Management - Entrepreneurship
Associate Certificate Part-time
- Payroll Administration
Certificate Part-time
- Payroll and Human Resources
Associate Certificate Part-time
Course Offerings
Spring/Summer 2024
Below is one offering of FMGT 1100 for the Spring/Summer 2024 term.
CRN 56754
Dates
Wed May 01 - Wed Aug 14
- 15 weeks
- CRN 56754
- Domestic fees $578.97
Status
In Progress and Full
This course offering is in progress and full. Please check back next term or subscribe to receive email updates.
Class meeting times
Instructor
Randy Robinson
Course outline
Important information
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- Class will NOT be held on Wednesday, July 24, 2024. This section is part of the Business Fundamentals (BFUN) Program (www.bcit.ca/study/programs/7985acert). As this is the case, the course will be taught in a way that accommodates the needs of English Language Learners. Please send any inquiries to bfun@bcit.ca.
Fall 2024
Below are nine offerings of FMGT 1100 for the Fall 2024 term.
CRN 34697
Dates
Wed Sep 04 - Wed Dec 11
- 15 weeks
- CRN 34697
- Domestic fees $591.11
Status
Full
This course offering is full. Please check back next term or subscribe to receive email updates.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 04 - Dec 11 | Wed | 13:30 - 16:20 | Burnaby SW03 Rm. 1710 |
Instructor
Barbara Fellnermayr
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- This section is part of the Business Fundamentals (BFUN) Program (www.bcit.ca/study/programs/7985acert). As this is the case, the course will be taught in a way that accommodates the needs of English Language Learners. If you have any questions, please contact bfun@bcit.ca.
CRN 33246
Dates
Thu Sep 05 - Mon Oct 21
- 7 weeks
- CRN 33246
- Domestic fees $591.11
Status
Full
This course offering is full. Please check back next term or subscribe to receive email updates.
Class meeting times
Instructor
Murray Livergant
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- The following dates will be HELD IN-CLASS at the Burnaby Campus. Midterm: Thursday, September 26th (18:30 - 21:45) Final: Monday, October 21st (18:30 - 21:45) This is not a self-paced course. You will be expected to be available and online on the posted days and times shown on your registration schedule. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date. This course includes the WileyPlus program. This program requires an access PIN code available in NEW textbook packages. If students purchase used texts there will be an additional fee to obtain the access PIN code. Instructor will hand out WileyPlus information in the first class. Accounting 1 students require ONLY Volume 1 of the text by Wiley, however, if students are planning to continue into FMGT 2100 - Accounting 2, they are advised to purchase the 2 Volume set. Class WILL NOT be held on Monday, September 30th (National Day for Truth and Reconciliation) & Monday, October 14th (Thanksgiving).
CRN 30750
Dates
Sat Sep 07 - Sat Oct 05
- 5 weeks
- CRN 30750
- Domestic fees $591.11
Status
Full
This course offering is full. Please check back next term or subscribe to receive email updates.
Class meeting times
Instructor
Murray Livergant
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- Late registration is not allowed for this section. The following dates will be HELD IN-CLASS at the Burnaby Campus. Midterm: Saturday, September 21st Final: Saturday, October 5th This is not a self-paced course. You will be expected to be available and online on the posted days and times shown on your registration schedule. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date. This course includes the WileyPlus program. This program requires an access PIN code available in NEW textbook packages. If students purchase used texts there will be an additional fee to obtain the access PIN code. Instructor will hand out WileyPlus information in the first class. Accounting 1 students require ONLY Volume 1 of the text by Wiley, however, if students are planning to continue into FMGT 2100 - Accounting 2, they are advised to purchase the 2 Volume set.
CRN 30744
Dates
Mon Sep 09 - Mon Dec 09
- 12 weeks
- CRN 30744
- Domestic fees $591.11
Status
Full
This course offering is full. Please check back next term or subscribe to receive email updates.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 09 - Dec 09 | Mon | 18:15 - 21:45 | Burnaby SW01 Rm. 2009 |
Instructor
Monty Chew
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- Class WILL NOT be held on Monday, September 30th (National Day for Truth and Reconciliation), Monday, October 14th (Thanksgiving) & Monday, November 11th (Remembrance Day). Accounting 1 students require ONLY Volume 1 of the text by Wiley, however, if students are planning to continue into FMGT 2100 - Accounting 2, they are advised to purchase the 2 Volume set.
CRN 46334
Dates
Mon Sep 09 - Mon Dec 16
- 11 weeks
- CRN 46334
- Domestic fees $576.82
Status
Full
This course offering is full. Please check back next term or subscribe to receive email updates.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 09 - Dec 16 | Mon | 17:30 - 21:00 | Downtown DTC Rm. 483 |
Instructor
Chandan Johal
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- NOTE: Class WILL NOT be held on Monday, September 30th (National Day for Truth and Reconciliation), Monday, October 14th (Thanksgiving), Monday, November 4th, and Monday, November 11th (Remembrance Day). Accounting 1 students require ONLY Volume 1 of the text by Wiley, however, if students are planning to continue into FMGT 2100 – Accounting 2, they are advised to purchase the 2 Volume set.
CRN 48952
Dates
Mon Sep 09 - Sat Nov 30
- 12 weeks
- CRN 48952
- Domestic fees $591.11
Status
Full
This course offering is full. Please check back next term or subscribe to receive email updates.
Class meeting times
Instructor
Bernadette Edwards
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- Exams will be held IN PERSON at the Burnaby Campus as indicated above. This course is asynchronous, but not self-paced. Students must complete the assignments as shown on the course schedule. Accounting 1 students require ONLY volume 1 of Weygandt: Accounting Principles. However, those that plan to continue to FMGT 2100: Accounting 2 are advised to purchase volumes 1 and 2. This course may not be audited. Please email any questions regarding this section to FMGT_Online@bcit.ca.
CRN 30746
Dates
Tue Sep 10 - Tue Nov 26
- 12 weeks
- CRN 30746
- Domestic fees $591.11
Status
Full
This course offering is full. Please check back next term or subscribe to receive email updates.
Class meeting times
Instructor
Gary Nitikman
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- The following dates will be HELD IN-CLASS at the Burnaby Campus. Midterm: Tuesday, October 22nd (18:30 - 21:45) Midterm Exam Debrief: Tuesday, October 29th (18:30 - 21:45) Final: Tuesday, November 26th (18:30- 21:45) This is not a self-paced course. You will be expected to be available and online on the posted days and times shown on your registration schedule. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date. Accounting 1 students require ONLY Volume 1 of the text by Wiley, however, if students are planning to continue into FMGT 2100 - Accounting 2, they are advised to purchase the 2 Volume set.
CRN 30749
Dates
Wed Sep 11 - Wed Nov 27
- 12 weeks
- CRN 30749
- Domestic fees $576.82
Status
Full
This course offering is full. Please check back next term or subscribe to receive email updates.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 11 - Nov 27 | Wed | 09:00 - 12:15 | Downtown DTC Rm. 481 |
Instructor
Monty Chew
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- Accounting 1 students require ONLY Volume 1 of the text by Wiley, however, if students are planning to continue into FMGT 2100 - Accounting 2, they are advised to purchase the 2 Volume set.
CRN 30751
Dates
Sat Sep 14 - Sat Nov 30
- 12 weeks
- CRN 30751
- Domestic fees $591.11
Status
Full
This course offering is full. Please check back next term or subscribe to receive email updates.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 14 - Nov 30 | Sat | 09:00 - 12:15 | Burnaby SE06 Rm. 202 |
Instructor
Gary Nitikman
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- Accounting 1 students require ONLY Volume 1 of the text by Wiley, however, if students are planning to continue into FMGT 2100 - Accounting 2, they are advised to purchase the 2 Volume set.
Programs and courses are subject to change without notice.