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Course details

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

Cost

$540.89 - $553.75 See individual course offerings below for actual costs.

Course offerings

Spring/Summer 2023

Below are nine offerings of FMGT 1100 for the Spring/Summer 2023 term.

CRN 20405

Duration

Wed Apr 05 - Wed Jun 21 (12 weeks)

  • 12 weeks
  • CRN 20405
  • $540.89
Class meeting times
Dates Days Times Locations
Apr 05 - Jun 21 Wed 17:30 - 20:45 Downtown DTC Rm. 385
Instructor

Chandan Johal

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

4

Cost

$540.89

Important information
  1. 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. Students are advised to purchase the textbook prior to the first class at etiher the Burnaby or downtown campus bookstores. Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
Status

CRN 20404

Duration

Tue Apr 11 - Tue Jun 27 (12 weeks)

  • 12 weeks
  • CRN 20404
  • $553.75
Class meeting times
Dates Days Times Locations
Apr 11 - May 16 Tue 18:30 - 21:45 Online
May 23 Tue 18:30 - 21:45 Burnaby SE06 Rm. 205
May 30 - Jun 20 Tue 18:30 - 21:45 Online
Jun 27 Tue 18:30 - 21:45 Burnaby SE06 Rm. 205
Instructor

Gary Nitikman

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

4

Cost

$553.75

Important information
  1. The following dates will be HELD IN-CLASS at the Burnaby Campus: Midterm: Tuesday, May 23rd Final: Tuesday, June 27th 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.
Status

CRN 68590

Duration

Tue Apr 11 - Fri Jun 30 (12 weeks)

  • 12 weeks
  • CRN 68590
  • $553.75
Class meeting times
Dates Days Times Locations
Apr 11 - Jun 30 N/A N/A Online
May 27 Sat 10:00 - 12:30 Burnaby SW01 Rm. 2005
Jun 27 Tue 18:00 - 21:30 Burnaby SE06 Rm. 207
Instructor

Bernadette Edwards

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

4

Cost

$553.75

Important information
  1. Exams will be held IN PERSON at the Burnaby Campus as noted 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.
Status

CRN 68591

Duration

Tue Apr 11 - Fri Jun 30 (12 weeks)

  • 12 weeks
  • CRN 68591
  • $553.75
Class meeting times
Dates Days Times Locations
Apr 11 - Jun 30 N/A N/A Online
May 25 Thu 18:00 - 21:30 Burnaby SE06 Rm. 204
Jun 29 Thu 18:00 - 21:30 Burnaby SE06 Rm. 205
Instructor

Deborah Schell

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

4

Cost

$553.75

Important information
  1. Exams will be held IN PERSON at the Burnaby Campus as noted 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.
Status

CRN 20394

Duration

Sat Apr 15 - Sat May 13 (5 weeks)

  • 5 weeks
  • CRN 20394
  • $553.75
Class meeting times
Dates Days Times Locations
Apr 15 - May 13 Sat 09:00 - 17:15 Burnaby SW03 Rm. 1710
Instructor

Barb Fellnermayr

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

4

Cost

$553.75

Status

CRN 28795

Duration

Sat Apr 15 - Sat May 13 (5 weeks)

  • 5 weeks
  • CRN 28795
  • $540.89
Class meeting times
Dates Days Times Locations
Apr 15 - Apr 22 Sat 09:00 - 17:15 Online
Apr 29 Sat 09:00 - 17:15 Downtown DTC Rm. 385
May 06 Sat 09:00 - 17:15 Online
May 13 Sat 09:00 - 11:15 Online
May 13 Sat 13:30 - 17:15 Downtown DTC Rm. 385
Instructor

Murray Livergant

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

4

Cost

$540.89

Important information
  1. The following dates will be HELD IN-CLASS at the Downtown Campus: Midterm: Saturday, April 29th Final: Saturday, May 13th 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…. Please note that this is condensed version of the course. Late registrations will NOT be allowed for this offering.
Status

CRN 20401

Duration

Mon Apr 17 - Mon May 29 (7 weeks)

  • 7 weeks
  • CRN 20401
  • $553.75
Class meeting times
Dates Days Times Locations
Apr 17 - May 04 Mon, Thu 18:30 - 21:45 Online
May 08 Mon 18:30 - 21:45 Burnaby SE06 Rm. 205
May 11 - May 25 Mon, Thu 18:30 - 21:45 Online
May 29 Mon 18:30 - 21:45 Burnaby SE06 Rm. 205
Instructor

Murray Livergant

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

4

Cost

$553.75

Important information
  1. The following dates will be HELD IN-CLASS at the Burnaby Campus: Midterm: Monday, May 8th Final: Monday, May 29th 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. Class WILL NOT be held on Monday, May 22nd (Victoria Day) 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….
Status

CRN 56754

Duration

Wed May 03 - Wed Aug 09 (15 weeks)

  • 15 weeks
  • CRN 56754
  • $553.75
Class meeting times
Dates Days Times Locations
May 03 - Aug 09 Wed 13:30 - 16:20 Burnaby SE06 Rm. 208
Instructor

Randy Robinson

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

4

Cost

$553.75

Important information
  1. 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 direct any inquiries to the Program Assistant, Sarah Chanway, at sarah_chanway@bcit.ca.
Status

CRN 66760

Duration

Mon May 29 - Mon Jul 10 (7 weeks)

  • 7 weeks
  • CRN 66760
  • $553.75
Class meeting times
Dates Days Times Locations
May 29 - Jul 10 Mon, Wed 18:00 - 21:15 Burnaby SW01 Rm. 2009
Instructor

Kristine Thompson

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

4

Cost

$553.75

Important information
  1. Class WILL NOT be held on Monday, July 3rd (In lieu of Canada Day). 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…
Status

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:

School of Business + Media

  1. Accounting
    Diploma Part-time
  2. Advanced Marketing Management
    Certificate Part-time
  3. Business Administration
    Associate Certificate Part-time
  4. Business Fundamentals
    Associate Certificate Full-time
  5. Business Management
    Certificate Part-time
  6. Business Management
    Diploma Full-time
  7. Computerized Accounting
    Associate Certificate Part-time
  8. Finance
    Diploma Part-time
  9. Financial Management (Finance Option)
    Certificate Part-time
  10. Financial Management (Professional Accounting Option)
    Certificate Part-time
  11. Financial Planning
    Diploma Part-time
  12. Human Resource Management
    Diploma Full-time
  13. Marketing Management
    Certificate Part-time
  14. Marketing Management (Marketing Communications Option)
    Certificate Part-time
  15. Marketing Management (Professional Sales Option)
    Certificate Part-time
  16. Marketing Management - Entrepreneurship
    Associate Certificate Part-time
  17. Payroll and Human Resources
    Associate Certificate Part-time

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