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Accounting 2 for Financial Management FMGT 2105

Financial Management Part-time Studies Course

Course details

Continues from FMGT 1105. Topics include temporary investments; receivables, capital assets; liabilities; partnerships; corporations; bonds; statements of changes in financial position; financial statement analysis; manufacturing accounting; departmental accounting; cost-volume-profit analysis. Note: Fulltime Financial Management students who receive less than 65% in this course will need to complete FMGT 2100 with a grade of 70 or better before entering Level 3.

Prerequisite(s)

Credits

6.5

Not offered this term
This course is not offered this term through BCIT Part-time Studies. Please check back next term or subscribe to receive email updates.

Learning Outcomes

Upon successful completion, the student will be able to:

  • Understand and apply generally accepted accounting principles.
  • Prepare entries to account for credit sales, including alternative methods of accounting for bad debts.
  • Prepare entries to record transactions involving notes receivable including the calculation of interest and the discounting of notes.
  • Calculate and record amortization on various types of fixed assets using alternative generally accepted accounting practices.
  • Record the entries for the purchase, sale and trade-in of fixed assets.
  • Prepare entries to record transactions involving notes payable including the calculation of interest and discount.
  • Record the entries required for the various transactions involving long-term liabilities (notes and bonds payable) including the calculation of present value.
  • Describe and differentiate the advantages and disadvantages of a corporation, a partnership and a sole proprietorship.
  • Record the entries required for the shareholders’ equity of a corporation including share issues, retained earnings, dividends and stock splits.
  • Recognize proper presentation in the shareholders’ equity section of a balance sheet for extraordinary items, prior period adjustments and accounting changes.
  • Prepare payroll.
  • Prepare entries for investment transactions and complete a consolidated worksheet.
  • Prepare entries for a partnership including allocation of earnings, admission or retirement of a partner and liquidation of the partnership.
  • Prepare and interpret a statement of cash flows.
  • Analyze financial statements.
  • Comprehensive question.

Effective as of Fall 2018

Related Programs

Accounting 2 for Financial Management (FMGT 2105) is offered as a part of the following programs:

School of Business + Media

  1. Accounting
    Diploma Full-time
  2. Finance
    Diploma Full-time
  3. Financial Planning
    Diploma Full-time

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