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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

Fall 2022

Below are five offerings of FMGT 1100 for the Fall 2022 term.

CRN 30746

Duration

Tue Sep 06 - Tue Nov 29 (12 weeks)

  • 12 weeks
  • CRN 30746
  • $553.75
Class meeting times
Dates Days Times Locations
Sep 06 - Oct 18 Tue 18:30 - 21:45 Online
Oct 25 Tue 18:30 - 21:45 Burnaby SW01 Rm. 1025
Nov 01 - Nov 22 Tue 18:30 - 21:45 Online
Nov 29 Tue 18:30 - 21:45 Burnaby SW01 Rm. 2016
Instructor

Gary Nitikman

Course outline

View

Credits

4

Cost

$553.75

Important information
  1. Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
  2. The following dates will be HELD IN-CLASS at the Burnaby Campus: Midterm: October 25th and Final: November 29th. Class WILL NOT be held on Tuesday, October 4th. 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. 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

In Progress

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

CRN 34697

Duration

Wed Sep 07 - Wed Dec 14 (15 weeks)

  • 15 weeks
  • CRN 34697
  • $553.75
Class meeting times
Dates Days Times Locations
Sep 07 - Dec 14 Wed 13:30 - 16:20 Burnaby SW03 Rm. 2620
Instructor

Murray Livergant

Course outline

View

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. If you have any questions, please contact the Program Assistant, Sarah Chanway at schanway@bcit.ca.
Status

In Progress

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

CRN 30751

Duration

Sat Sep 10 - Sat Dec 03 (12 weeks)

  • 12 weeks
  • CRN 30751
  • $553.75
Class meeting times
Dates Days Times Locations
Sep 10 - Oct 22 Sat 09:00 - 12:15 Online
Oct 29 Sat 09:00 - 12:15 Burnaby SW01 Rm. 2030
Nov 05 - Nov 26 Sat 09:00 - 12:15 Online
Dec 03 Sat 09:00 - 12:15 Burnaby SW01 Rm. 2030
Instructor

Gary Nitikman

Course outline

View

Credits

4

Cost

$553.75

Important information
  1. Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
  2. The following dates will be HELD IN-CLASS at the Burnaby Campus: Midterm: October 29th and Final: December 3rd. Class WILL NOT be held on Saturday, October 8th. 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.
Status

In Progress

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

CRN 30744

Duration

Mon Sep 12 - Mon Dec 05 (12 weeks)

  • 12 weeks
  • CRN 30744
  • $553.75
Class meeting times
Dates Days Times Locations
Sep 12 - Dec 05 Mon 18:30 - 21:45 Burnaby
Instructor

TBD

Course outline

View

Credits

4

Cost

$553.75

Important information
  1. Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
  2. 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, October 10th (Thanksgiving)
Status

Cancelled

This course offering has been cancelled. Please check this page for other currently available offerings or subscribe to receive email updates.

CRN 46334

Duration

Wed Sep 14 - Wed Nov 30 (12 weeks)

  • 12 weeks
  • CRN 46334
  • $553.75
Class meeting times
Dates Days Times Locations
Sep 14 - Nov 30 Wed 18:00 - 21:15 Burnaby
Instructor

TBD

Course outline

View

Credits

4

Cost

$553.75

Important information
  1. Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
  2. 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
Status

Cancelled

This course offering has been cancelled. Please check this page for other currently available offerings or subscribe to receive email updates.

Winter 2023

Below are 10 offerings of FMGT 1100 for the Winter 2023 term.

CRN 78437

Duration

Wed Jan 04 - Wed Mar 22 (12 weeks)

  • 12 weeks
  • CRN 78437
  • $540.89
Class meeting times
Dates Days Times Locations
Jan 04 - Mar 22 Wed 09:00 - 12:15 Downtown DTC Rm. 483
Instructor

John Little

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.
Status

CRN 90364

Duration

Wed Jan 04 - Sat Mar 25 (12 weeks)

  • 12 weeks
  • CRN 90364
  • $553.75
Class meeting times
Dates Days Times Locations
Jan 04 - Feb 11 N/A N/A Online
Feb 18 Sat 10:00 - 12:30 Burnaby SW01 Rm. 2005
Feb 25 - Mar 18 N/A N/A Online
Mar 25 Sat 10:00 - 12:30 Burnaby SW01 Rm. 2005
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 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.
Status

CRN 90365

Duration

Wed Jan 04 - Sat Mar 25 (12 weeks)

  • 12 weeks
  • CRN 90365
  • $553.75
Class meeting times
Dates Days Times Locations
Jan 04 - Jan 09 N/A N/A Online
Feb 16 Thu 18:00 - 20:30 Burnaby SE06 Rm. 205
Feb 23 - Mar 25 N/A N/A Online
Mar 23 Thu 18:00 - 20:30 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 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.
Status

CRN 47575

Duration

Thu Jan 05 - Mon Feb 13 (6 weeks)

  • 6 weeks
  • CRN 47575
  • $553.75
Class meeting times
Dates Days Times Locations
Jan 05 - Jan 23 Mon, Thu 18:30 - 21:45 Online
Jan 26 Thu 18:30 - 21:45 Burnaby SW01 Rm. 2045
Jan 30 - Feb 09 Mon, Thu 18:30 - 21:45 Online
Feb 13 Mon 18:30 - 21:45 Burnaby SW01 Rm. 2020
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: January 26th Final: February 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.
Status

CRN 12965

Duration

Sat Jan 07 - Sat Feb 04 (5 weeks)

  • 5 weeks
  • CRN 12965
  • $553.75
Class meeting times
Dates Days Times Locations
Jan 07 - Jan 14 Sat 09:00 - 17:15 Online
Jan 21 Sat 09:00 - 12:00 Burnaby SE06 Rm. 204
Jan 21 Sat 13:00 - 17:00 Burnaby SE06 Rm. 204
Jan 28 Sat 09:00 - 17:15 Online
Feb 04 Sat 09:00 - 12:00 Online
Feb 04 Sat 13:00 - 17:15 Burnaby SE06 Rm. 204
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: January 21st Final: February 4th 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.
Status

CRN 14638

Duration

Sat Jan 07 - Sat Mar 25 (12 weeks)

  • 12 weeks
  • CRN 14638
  • $553.75
Class meeting times
Dates Days Times Locations
Jan 07 - Mar 25 Sat 09:00 - 12:15 Burnaby SW01 Rm. 2020
Instructor

Monty Chew

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

4

Cost

$553.75

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.
Status

CRN 12955

Duration

Mon Jan 09 - Mon Apr 03 (12 weeks)

  • 12 weeks
  • CRN 12955
  • $540.89
Class meeting times
Dates Days Times Locations
Jan 09 - Feb 13 Mon 17:30 - 20:45 Online
Feb 27 Mon 17:30 - 20:45 Downtown DTC Rm. 840
Mar 06 - Mar 27 Mon 17:30 - 20:45 Online
Apr 03 Mon 17:30 - 20:45 Downtown DTC Rm. 840
Instructor

Mandeep Mann

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: February 27th Final: April 3rd 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 Monday, Feb. 20th (Family Day).
Status

CRN 44395

Duration

Mon Jan 09 - Mon Apr 03 (12 weeks)

  • 12 weeks
  • CRN 44395
  • $553.75
Class meeting times
Dates Days Times Locations
Jan 09 - Apr 03 Mon 17:30 - 20:45 Burnaby SE06 Rm. 207
Instructor

John Little

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

4

Cost

$553.75

Important information
  1. Class WILL NOT be held Monday, Feb. 20th (Family 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 12959

Duration

Tue Jan 10 - Tue Mar 28 (12 weeks)

  • 12 weeks
  • CRN 12959
  • $540.89
Class meeting times
Dates Days Times Locations
Jan 10 - Feb 14 Tue 13:00 - 16:00 Online
Feb 21 Tue 13:00 - 16:00 Downtown DTC Rm. 460
Feb 28 - Mar 21 Tue 13:00 - 16:00 Online
Mar 28 Tue 13:00 - 16:00 Downtown DTC Rm. 460
Instructor

Peter Goel

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: February 21st Final: March 28th 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 45069

Duration

Wed Jan 11 - Wed Apr 19 (15 weeks)

  • 15 weeks
  • CRN 45069
  • $553.75
Class meeting times
Dates Days Times Locations
Jan 11 - Apr 19 Wed 13:30 - 16:20 Burnaby SE12 Rm. 313
Instructor

Barb Fellnermayr

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

4

Cost

$553.75

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. Please note that 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

Full

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

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 Administration (General Option)
    Diploma Part-time
  5. Business Administration (Global Studies Option)
    Diploma Part-time
  6. Business Administration (Human Resources Option)
    Diploma Part-time
  7. Business Administration (Management Option)
    Diploma Part-time
  8. Business Administration (Marketing Option)
    Diploma Part-time
  9. Business Fundamentals
    Associate Certificate Full-time
  10. Business Management
    Certificate Part-time
  11. Business Management
    Diploma Full-time
  12. Computerized Accounting
    Associate Certificate Part-time
  13. Finance
    Diploma Part-time
  14. Financial Management (Finance Option)
    Certificate Part-time
  15. Financial Management (Professional Accounting Option)
    Certificate Part-time
  16. Financial Planning
    Diploma Part-time
  17. Human Resource Management
    Diploma Full-time
  18. Marketing Management (Marketing Communications Option)
    Certificate Part-time
  19. Marketing Management (Professional Sales Option)
    Certificate Part-time
  20. Marketing Management
    Certificate Part-time
  21. Marketing Management - Entrepreneurship
    Associate Certificate Part-time
  22. Payroll and Human Resources
    Associate Certificate Part-time

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