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Course details

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.

Prerequisite(s)

Credits

5.5

Cost

$703.27 - $716.13 See individual course offerings below for actual costs.

Course offerings

Fall 2022

Below are four offerings of FMGT 2100 for the Fall 2022 term.

CRN 48955

Duration

Tue Sep 06 - Sat Dec 03 (13 weeks)

  • 13 weeks
  • CRN 48955
  • $716.13
Class meeting times
Dates Days Times Locations
Sep 06 - Oct 10 N/A N/A Online
Oct 17 Mon 18:00 - 20:30 Burnaby SW01 Rm. 2030
Oct 24 - Nov 21 N/A N/A Online
Nov 28 Mon 18:00 - 20:30 Burnaby SW01 Rm. 2030
Instructor

Tim Edwards

Course outline

View

Credits

5.5

Cost

$716.13

Important information
  1. Exams will be held during class times IN PERSON at the Burnaby Campus. Exam details are listed above. Accounting 2 students require ONLY volume 2 of Weygandt: Accounting Principles. This course may not be audited. Please direct any inquiries to FMGT_Online@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 31287

Duration

Sat Sep 10 - Sat Dec 03 (13 weeks)

  • 13 weeks
  • CRN 31287
  • $716.13
Class meeting times
Dates Days Times Locations
Sep 10 - Dec 03 Sat 09:00 - 13:00 Burnaby SW01 Rm. 2020
Instructor

Randy Robinson

Course outline

View

Credits

5.5

Cost

$716.13

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 2 students require the Accounting Principles, 8th 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

In Progress

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

CRN 30753

Duration

Mon Sep 12 - Mon Dec 12 (13 weeks)

  • 13 weeks
  • CRN 30753
  • $703.27
Class meeting times
Dates Days Times Locations
Sep 12 - Oct 24 Mon 17:30 - 21:30 Online
Oct 31 Mon 17:30 - 21:30 Downtown DTC Rm. 381
Nov 07 - Dec 05 Mon 17:30 - 21:30 Online
Dec 12 Mon 17:30 - 21:30 Downtown DTC Rm. 381
Instructor

Mandeep Mann

Course outline

View

Credits

5.5

Cost

$703.27

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 Downtown: Midterm: October 31st Final: December 12th. 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, October 10th (Thanksgiving)
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 33248

Duration

Mon Oct 31 - Mon Dec 12 (7 weeks)

  • 7 weeks
  • CRN 33248
  • $716.13
Class meeting times
Dates Days Times Locations
Oct 31 - Nov 17 Mon, Thu 18:00 - 22:00 Online
Nov 21 Mon 18:00 - 22:00 Burnaby SE06 Rm. 204
Nov 24 - Dec 08 Mon, Thu 18:00 - 22:00 Online
Dec 12 Mon 18:00 - 22:00 Burnaby SE06 Rm. 204
Instructor

Murray Livergant

Course outline

View

Credits

5.5

Cost

$716.13

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: November 21st Final: December 12th 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.

Winter 2023

Below are seven offerings of FMGT 2100 for the Winter 2023 term.

CRN 73115

Duration

Wed Jan 04 - Wed Mar 29 (13 weeks)

  • 13 weeks
  • CRN 73115
  • $716.13
Class meeting times
Dates Days Times Locations
Jan 04 - Mar 29 Wed 13:00 - 17:00 Burnaby NE01 Rm. 406
Instructor

Randy Robinson

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

5.5

Cost

$716.13

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 90369

Duration

Wed Jan 04 - Sat Apr 01 (13 weeks)

  • 13 weeks
  • CRN 90369
  • $716.13
Class meeting times
Dates Days Times Locations
Jan 04 - Feb 11 N/A N/A Online
Feb 18 Sat 10:00 - 12:30 Burnaby SE06 Rm. 204
Mar 25 N/A N/A Online
Apr 01 Sat 10:00 - 12:30 Burnaby SE06 Rm. 207
Instructor

Tim Edwards

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

5.5

Cost

$716.13

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. 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 10190

Duration

Sat Jan 07 - Sat Apr 01 (13 weeks)

  • 13 weeks
  • CRN 10190
  • $716.13
Class meeting times
Dates Days Times Locations
Jan 07 - Feb 11 Sat 09:00 - 13:00 Online
Feb 18 Sat 09:00 - 13:00 Burnaby SW01 Rm. 2030
Feb 25 - Mar 25 Sat 09:00 - 13:00 Online
Apr 01 Sat 09:00 - 13:00 Burnaby SW01 Rm. 2030
Instructor

Gary Nitikman

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

5.5

Cost

$716.13

Important information
  1. The following dates will be HELD IN-CLASS at the Burnaby Campus. Midterm: February 18th Final: April 1st 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 10174

Duration

Mon Jan 09 - Mon Apr 17 (13 weeks)

  • 13 weeks
  • CRN 10174
  • $716.13
Class meeting times
Dates Days Times Locations
Jan 09 - Apr 17 Mon 18:00 - 22:00 Burnaby SW01 Rm. 3150
Instructor

Barb Fellnermayr

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

5.5

Cost

$716.13

Important information
  1. Class WILL NOT be held Monday, Feb. 20th (Family Day) & Monday, April 10th (Easter Monday) 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 10196

Duration

Mon Jan 09 - Mon Apr 17 (13 weeks)

  • 13 weeks
  • CRN 10196
  • $703.27
Class meeting times
Dates Days Times Locations
Jan 09 - Feb 13 Mon 17:30 - 21:30 Online
Feb 27 Mon 17:30 - 21:30 Downtown DTC Rm. 635
Mar 06 - Apr 03 Mon 17:30 - 21:30 Online
Apr 17 Mon 17:30 - 21:30 Downtown DTC Rm. 635
Instructor

Gary Nitikman

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

5.5

Cost

$703.27

Important information
  1. The following dates will be HELD IN-CLASS at the Downtown Campus. Midterm: February 27th, Final: April 17th. 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) & Monday, April 10th (Easter Monday). 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 42804

Duration

Sat Feb 11 - Sat Mar 25 (7 weeks)

  • 7 weeks
  • CRN 42804
  • $716.13
Class meeting times
Dates Days Times Locations
Feb 11 - Feb 25 Sat 09:00 - 17:00 Online
Mar 04 Sat 09:00 - 11:00 Online
Mar 04 Sat 13:00 - 17:00 Burnaby SE06 Rm. 204
Mar 11 - Mar 18 Sat 09:00 - 17:00 Online
Mar 25 Sat 09:00 - 11:00 Online
Mar 25 Sat 13:00 - 17:00 Burnaby SE06 Rm. 204
Instructor

Murray Livergant

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

5.5

Cost

$716.13

Important information
  1. The following dates will be HELD IN-CLASS at the Burnaby Campus. Midterm: March 4th Final: March 25th 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 47577

Duration

Mon Feb 27 - Thu Apr 13 (8 weeks)

  • 8 weeks
  • CRN 47577
  • $716.13
Class meeting times
Dates Days Times Locations
Feb 27 - Mar 16 Mon, Thu 18:00 - 22:00 Online
Mar 20 Mon 18:00 - 22:00 Burnaby SW01 Rm. 2020
Mar 23 - Apr 06 Mon, Thu 18:00 - 22:00 Online
Apr 13 Thu 18:00 - 22:00 Burnaby SW01 Rm. 2030
Instructor

Murray Livergant

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

5.5

Cost

$716.13

Important information
  1. The following dates will be HELD IN-CLASS at the Burnaby Campus. Midterm: March 20th Final: April 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. Class WILL NOT be held Monday, April 10th (Easter Monday). 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 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:

School of Business + Media

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

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