- 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 is the second of two designed to provide first year students with a general understanding of the nature, purpose and general procedures of accounting. The course examines notes and accounts receivables; capital assets; liabilities; partnerships; corporations and consolidations; international transactions; financial statement analysis; and cash flow statements.
Domestic fees
$760.71 - $775.37 See individual course offerings below for actual costs.
Learning Outcomes
Upon successful completion of this course, the student will able to:
- Prepare journal and adjusting entries to record transactions in each topic area studied.
- Apply generally accepted accounting principles and determine how they influence financial reporting.
- Explain the purpose and need for internal controls and prepare bank reconciliations.
- Evaluate the nature and management of accounts and notes receivable and the aging of accounts receivables.
- Analyze the purpose and demonstrate the calculation of amortization on various types of property, plant and equipment using generally accepted accounting principles.
- Assess the nature and behaviour, of interest bearing instruments such as bonds, notes payable, and notes receivable (both short and long term) while demonstrating appropriate accounting treatments.
- Describe and differentiate the advantages and disadvantages of a corporation, a partnership and a sole proprietorship as forms of business organization.
- Demonstrate the accounting required for the shareholders' equity of a corporation including the issuance of shares, the declaration and payment of dividends, and the related effect on Retained Earnings.
- Evaluate and apply appropriate treatment of extraordinary items, prior period adjustments and accounting changes.
- Demonstrate the treatments and entries required for a basic payroll system.
- Describe the nature of consolidated financial statements, and apply appropriate short term and long term investment principles to other forms of investment or ownership.
- Demonstrate appropriate accounting for a partnership including: addition of partners, allocation of earnings or losses, withdrawal of partners and liquidation of partnerships.
- Prepare and statement of cash flows under indirect and direct methods. Explain the nature of cash, working capital, and the various sources and uses of cash as it pertains to the management of a business.
- Analyze financial statements by computing financial ratios and various analysis methods.
Effective as of Fall 2016
Related Programs
Accounting 2 (FMGT 2100) is offered as a part of the following programs:
- Indicates programs accepting international students.
School of Business + Media
- Accounting
Diploma 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
- Fire Executive Management
BCIT/Industry Partnership Certificate Part-time
- Marketing Management (Marketing Communications Option)
Certificate Part-time
- Marketing Management (Professional Sales Option)
Certificate Part-time
- Payroll Administration
Certificate Part-time
Course Offerings
Fall 2025
Below are six offerings of FMGT 2100 for the Fall 2025 term.
CRN 30756
Dates
Oct 18 - Dec 06 Loading
- CRN 30756
- $775.37 Domestic fees
Class meeting times
Duration
8 weeks
Instructor
Murray Livergant
Course outline
Course outline TBD — see Learning Outcomes in the interim.
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, November 8, 2025 (13:00 - 17:00) and Final: Saturday, December 6, 2025 (13:00 - 17:00). 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 2 students require the Accounting Principles, 9th Canadian Edition (Volume 2) text by Wiley. This course includes the WileyPlus program which offers accounting problems, exercises and feedback for students. 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. Course instructors will provide WileyPlus information in the first class.
Status
CRN 33248
Dates
Oct 27 - Dec 15 Loading
- CRN 33248
- $775.37 Domestic fees
Class meeting times
Duration
8 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: Monday, November 17, 2025 (18:00 - 22:00) Final: Monday, December 15, 2025 (18:00 - 22:00). 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 2 students require the Accounting Principles, 9th Canadian Edition (Volume 2) text by Wiley. This course includes the WileyPlus program which offers accounting problems, exercises and feedback for students. 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. Course instructors will provide WileyPlus information in the first class.
Status
CRN 48955
Dates
Sep 02 - Dec 13 Loading
- CRN 48955
- $775.37 Domestic fees
Class meeting times
Duration
15 weeks
Instructor
Tim 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, December 13, 2025 (10:00 - 12:30). This course is asynchronous, but not self-paced. Students must complete the assignments as shown on the course schedule. This course may not be audited. Accounting 2 students require ONLY volume 2 of Weygandt: Accounting Principles. Please email any questions regarding this section to FMGT_Online@bcit.ca.
Status
CRN 33249
Dates
Sep 03 - Dec 10 Loading
- CRN 33249
- $760.71 Domestic fees
Class meeting times
Duration
15 weeks
Instructor
Peter Goel
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 Downtown Campus and are MANDATORY. Mid-Term: Wednesday, October 22, 2025 (13:00 - 17:00) and Final: Wednesday, December 10, 2025 (13:00 - 17:00). 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 2 students require the Accounting Principles, 9th Canadian Edition (Volume 2) text by Wiley. This course includes the WileyPlus program which offers accounting problems, exercises and feedback for students. 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. Course instructors will provide WileyPlus information in the first class.
Status
CRN 31287
Dates
Sep 06 - Dec 13 Loading
- CRN 31287
- $775.37 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 06 - Dec 13 | Sat | 09:00 - 13:00 | Burnaby SE06 Rm. 207 |
Duration
15 weeks
Instructor
Barbara Fellnermayr
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 2 students require the Accounting Principles, 9th Canadian Edition (Volume 2) text by Wiley. This course includes the WileyPlus program which offers accounting problems, exercises and feedback for students. 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. Course instructors will provide WileyPlus information in the first class.
Status
CRN 30753
Dates
Sep 08 - Dec 15 Loading
- CRN 30753
- $760.71 Domestic fees
Class meeting times
Duration
15 weeks
Instructor
TBD
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, September 2nd (Labour Day), and Monday, October 13th (Thanksgiving).
Status
Programs and courses are subject to change without notice.