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
$553.22 - $566.97 See individual course offerings below for actual costs.
Course offerings
Fall 2023
Below are 10 offerings of FMGT 1100 for the Fall 2023 term.
CRN 30746
Duration
Tue Sep 05 - Tue Nov 21 (12 weeks)
- 12 weeks
- CRN 30746
- $566.97
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 05 - Oct 10 | Tue | 18:30 - 21:45 | Online |
| Oct 17 | Tue | 18:30 - 21:45 | Burnaby SE06 Rm. 206 |
| Oct 24 | Tue | 18:30 - 21:45 | Burnaby SE06 Rm. 206 |
| Oct 31 - Nov 14 | Tue | 18:30 - 21:45 | Online |
| Nov 21 | Tue | 18:30 - 21:45 | Burnaby SE06 Rm. 206 |
Instructor
Gary Nitikman
Course outline
Credits
4
Cost
$566.97
Important information
-
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 back next term or subscribe to receive email updates.
CRN 30749
Duration
Wed Sep 06 - Wed Nov 22 (12 weeks)
- 12 weeks
- CRN 30749
- $553.22
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 06 - Nov 22 | Wed | 09:00 - 12:15 | Downtown DTC Rm. 481 |
Instructor
Monty Chew
Course outline
Credits
4
Cost
$553.22
Important information
-
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 and Full
This course offering is in progress and full. Please check back next term or subscribe to receive email updates.
CRN 34697
Duration
Wed Sep 06 - Wed Dec 13 (15 weeks)
- 15 weeks
- CRN 34697
- $566.97
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 06 - Dec 13 | Wed | 13:30 - 16:20 | Burnaby SW03 Rm. 2620 |
Instructor
Barb Fellnermayr
Course outline
Credits
4
Cost
$566.97
Important information
-
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.
Status
In Progress and Full
This course offering is in progress and full. Please check back next term or subscribe to receive email updates.
CRN 33246
Duration
Thu Sep 07 - Mon Oct 23 (7 weeks)
- 7 weeks
- CRN 33246
- $566.97
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 07 - Sep 25 | Mon, Thu | 18:30 - 21:45 | Online |
| Sep 28 | Thu | 18:30 - 21:45 | Burnaby SW01 Rm. 2020 |
| Oct 05 - Oct 19 | Mon, Thu | 18:30 - 21:45 | Online |
| Oct 23 | Mon | 18:30 - 21:45 | Burnaby SW01 Rm. 2020 |
Instructor
Murray Livergant
Course outline
Credits
4
Cost
$566.97
Important information
-
The following dates will be HELD IN-CLASS at the Burnaby Campus. Midterm: Thursday, September 28th (18:30 - 21:45) Final: Monday, October 23rd (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, October 2nd (In lieu of National Day for Truth and Reconciliation), Monday, October 9th (Thanksgiving).
Status
In Progress
This course offering is in progress. Please check back next term or subscribe to receive email updates.
CRN 30750
Duration
Sat Sep 09 - Sat Oct 14 (5 weeks)
- 5 weeks
- CRN 30750
- $566.97
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 09 - Sep 16 | Sat | 09:00 - 17:15 | Online |
| Sep 23 | Sat | 09:00 - 17:15 | Burnaby SE06 Rm. 207 |
| Oct 07 | Sat | 09:00 - 17:15 | Online |
| Oct 14 | Sat | 09:00 - 17:15 | Burnaby SE06 Rm. 207 |
Instructor
Murray Livergant
Course outline
Credits
4
Cost
$566.97
Important information
-
Late registration is not allowed for this section. The following dates will be HELD IN-CLASS at the Burnaby Campus. Midterm: Saturday, September 23rd Final: Saturday, October 14th 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 Saturday, September 30th (National Day for Truth and Reconciliation).
Status
In Progress
This course offering is in progress. Please check back next term or subscribe to receive email updates.
CRN 30751
Duration
Sat Sep 09 - Sat Dec 09 (12 weeks)
- 12 weeks
- CRN 30751
- $566.97
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 09 - Dec 09 | Sat | 09:00 - 12:15 | Burnaby SE06 Rm. 204 |
Instructor
Gary Nitikman
Course outline
Credits
4
Cost
$566.97
Important information
-
Class WILL NOT be held on Saturday, September 30th (National Day for Truth and Reconciliation) & Saturday, 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.
Status
In Progress
This course offering is in progress. Please check back next term or subscribe to receive email updates.
CRN 30744
Duration
Mon Sep 11 - Mon Dec 11 (11 weeks)
- 11 weeks
- CRN 30744
- $566.97
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 11 - Dec 11 | Mon | 18:15 - 21:45 | Burnaby SE06 Rm. 204 |
Instructor
Monty Chew
Course outline
Credits
4
Cost
$566.97
Important information
-
Class WILL NOT be held on Monday, October 2nd (In lieu of National Day for Truth and Reconciliation), Monday, October 9th (Thanksgiving) & Monday, November 13th (In lieu of 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.
Status
In Progress
This course offering is in progress. Please check back next term or subscribe to receive email updates.
CRN 48952
Duration
Mon Sep 11 - Sat Dec 02 (12 weeks)
- 12 weeks
- CRN 48952
- $566.97
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 11 - Dec 02 | N/A | N/A | Online |
| Oct 28 | Sat | 10:00 - 12:30 | Burnaby SW01 Rm. 2020 |
| Dec 02 | Sat | 10:00 - 12:30 | Burnaby SW01 Rm. 2020 |
Instructor
Bernadette Edwards
Course outline
Credits
4
Cost
$566.97
Important information
-
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
In Progress and Full
This course offering is in progress and full. Please check back next term or subscribe to receive email updates.
CRN 50527
Duration
Mon Sep 11 - Sat Dec 02 (12 weeks)
- 12 weeks
- CRN 50527
- $566.97
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 11 - Dec 02 | N/A | N/A | Online |
| Oct 25 | Wed | 18:00 - 20:30 | Burnaby |
| Nov 29 | Wed | 18:00 - 20:30 | Burnaby |
Instructor
TBD
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Credits
4
Cost
$566.97
Important information
-
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
Cancelled
This course offering has been cancelled. Please check back next term or subscribe to receive email updates.
CRN 46334
Duration
Wed Sep 13 - Wed Dec 06 (12 weeks)
- 12 weeks
- CRN 46334
- $566.97
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 13 - Dec 06 | Wed | 18:00 - 21:15 | Burnaby SE06 Rm. 206 |
Instructor
TBD
Course outline
Credits
4
Cost
$566.97
Important information
-
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. Week 10 – No class on Weds, Nov 15th and update to Nov 22nd.
Status
In Progress and Full
This course offering is in progress and full. Please check back next term 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
- Accounting
Diploma Part-time
- Advanced Marketing Management
Certificate 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
- Financial Management (Finance Option)
Certificate Part-time
- Financial Management (Professional Accounting Option)
Certificate 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 and Human Resources
Associate Certificate Part-time
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Programs and courses are subject to change without notice.