- International Fees
International fees are typically 3.25 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
3.0 - 4.0See individual course offerings below for details.
Domestic fees
$588.39 - $603.05 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.
School of Business + Media
- 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
- 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 Administration
Certificate Part-time
- Payroll and Human Resources
Associate Certificate Part-time
Course Offerings
Spring/Summer 2025
Below are three offerings of FMGT 1100 for the Spring/Summer 2025 term.
CRN 69274
Dates
Apr 14 - Jul 14 Loading
- CRN 69274
- $591.11 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Apr 14 - Jul 14 | Mon | 18:00 - 21:15 | Burnaby SE06 Rm. 202 |
Duration
12 weeks
Instructor
Chandan Johal
Course outline
Important information
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.25 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- Class WILL NOT be held on Monday, April 21st (Easter Monday), and Monday, May 19th (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
Dates
Apr 30 - Aug 13 Loading
- CRN 56754
- $591.11 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Apr 30 - Aug 13 | Wed | 13:30 - 16:20 | Burnaby SW03 Rm. 2620 |
Duration
15 weeks
Instructor
Randy Robinson
Course outline
Important information
- International fees are typically 3.25 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- Class will NOT be held on Wednesday, August 6, 2025. 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.
Status
CRN 66760
Dates
May 28 - Aug 20 Loading
- CRN 66760
- $591.11 Domestic fees
Class meeting times
Duration
13 weeks
Instructor
Kristine Thompson
Course outline
Important information
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.25 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- 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.
Status
Fall 2025
Below are eight offerings of FMGT 1100 for the Fall 2025 term.
CRN 30750
Dates
Sep 06 - Oct 04 Loading
- CRN 30750
- $603.05 Domestic fees
Class meeting times
Duration
5 weeks
Instructor
Murray Livergant
Course outline
Important information
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.25 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 and are MANDATORY. Mid-Term: Saturday, September 20, 2025 (9:00 - 17:15) Final: Saturday, October 4, 2025 (13:00 - 17:15). 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. Attendance for the in-person exams/classes is MANDATORY. 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. Please note that this is condensed version of the course. Late registrations will NOT be allowed for this offering.
Status
CRN 30746
Dates
Sep 09 - Dec 09 Loading
- CRN 30746
- $603.05 Domestic fees
Class meeting times
Duration
12 weeks
Instructor
Gary Nitikman
Course outline
Important information
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.25 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- Class WILL NOT be held on Tuesday, September 30th (National Day for Truth and Reconciliation), and Tuesday, November 11th (Remembrance Day). The following dates will be HELD IN-CLASS at the Burnaby Campus and are mandatory. Mid-Term: Tuesday, October 28, 2025 (18:30 -21:45), Mid-Term Exam De-Brief: Tuesday, November 4, 2025 (18:30 21:45) and Final: Tuesday, December 9, 2025 (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. Attendance for the in-person exams/classes is MANDATORY. 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.
Status
CRN 30751
Dates
Sep 13 - Nov 29 Loading
- CRN 30751
- $603.05 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 13 - Nov 29 | Sat | 09:00 - 12:15 | Burnaby SE06 Rm. 202 |
Duration
12 weeks
Instructor
Gary Nitikman
Course outline
Important information
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.25 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.
Status
CRN 34697
Dates
Sep 03 - Dec 10 Loading
- CRN 34697
- $603.05 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 03 - Dec 10 | Wed | 13:30 - 16:20 | Burnaby SW03 Rm. 1710 |
Duration
15 weeks
Instructor
Barbara Fellnermayr
Course outline
Important information
- International fees are typically 3.25 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.
Status
CRN 33246
Dates
Sep 04 - Oct 16 Loading
- CRN 33246
- $603.05 Domestic fees
Class meeting times
Duration
7 weeks
Instructor
Murray Livergant
Course outline
Important information
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.25 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- Class WILL NOT be held on Monday, October 13th (Thanksgiving). The following dates will be HELD IN-CLASS at the Burnaby Campus and are mandatory. Mid-Term: Thursday, September 25, 2025 (18:30 - 21:45) and Final: Thursday, October 16, 2025 (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. Attendance for the in-person exams/classes is MANDATORY. 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.
Status
CRN 30744
Dates
Sep 08 - Dec 01 Loading
- CRN 30744
- $603.05 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 08 - Dec 01 | Mon | 18:15 - 21:45 | Burnaby SW01 Rm. 2009 |
Duration
12 weeks
Instructor
Monty Chew
Course outline
Important information
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.25 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- Class WILL NOT be held on Monday, October 13th (Thanksgiving). 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
CRN 48952
Dates
Sep 08 - Nov 29 Loading
- CRN 48952
- $603.05 Domestic fees
Class meeting times
Duration
12 weeks
Instructor
Bernadette Edwards
Course outline
Important information
- International fees are typically 3.25 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- The following dates will be HELD IN-PERSON at the Burnaby Campus. Midterm: Saturday, October 18, 2025 (10:00 - 12:30) and Final: Saturday, November 29, 2025 (10:00 - 12:30). 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 30749
Dates
Sep 10 - Nov 26 Loading
- CRN 30749
- $588.39 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 10 - Nov 26 | Wed | 09:00 - 12:15 | Downtown DTC Rm. 481 |
Duration
12 weeks
Instructor
Monty Chew
Course outline
Important information
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.25 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.
Status
Programs and courses are subject to change without notice.