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Accounting for Management FMGT 2152

Financial Management Course

Course details

This course focuses on the context of accounting and the use of accounting information for decision making, planning, and control. It will examine how managers can utilize the tools of economics, forecasting, accounting/finance, and decision theory to aid in these critical decisions. The course will consider how differences and changes in the internal operating conditions and in the external political-economic environment can affect a manager's resource allocation decisions. Topics include incremental analysis, short- and long-run decision-making and financial analysis.

Prerequisite(s)

  • No prerequisites are required for this course.

Credits

5.5

Cost

$787.70 - $805.60 See individual course offerings below for actual costs.

Course offerings

Spring/Summer 2023

Below are two offerings of FMGT 2152 for the Spring/Summer 2023 term.

CRN 68604

Duration

Mon Jun 05 - Thu Aug 31 (13 weeks)

  • 13 weeks
  • CRN 68604
  • $787.70
Class meeting times
Dates Days Times Locations
Jun 05 - Aug 31 N/A N/A Online
Jul 12 Wed 18:00 - 21:30 Burnaby SE06 Rm. 206
Aug 30 Wed 18:00 - 21:30 Burnaby SE06 Rm. 206
Instructor

Deborah Schell

Course outline

View

Credits

5.5

Cost

$787.70

Important information
  1. Departmental approval needed
  2. 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. This course may not be audited. Department approval is required for registration. Please email FMGT_Online@bcit.ca with your BCIT student ID number, full name, and a brief explanation of why you wish to register in the course. Students are advised to purchase the textbook prior to the first class online at www.bcitbookstore.ca/distance/. Please send any inquiries regarding this section to FMGT_Online@bcit.ca.
Status

CRN 62381

Duration

Sat Jun 10 - Sat Aug 12 (9 weeks)

  • 9 weeks
  • CRN 62381
  • $787.70
Class meeting times
Dates Days Times Locations
Jun 10 - Jun 17 Sat 09:00 - 12:00 Online
Jun 10 - Jun 17 Sat 13:00 - 16:00 Online
Jun 24 Sat 09:00 - 12:00 Burnaby SE06 Rm. 205
Jun 24 Sat 13:00 - 16:00 Online
Jul 08 - Jul 15 Sat 09:00 - 12:00 Online
Jul 08 - Jul 15 Sat 13:00 - 16:00 Online
Jul 22 Sat 09:00 - 12:00 Burnaby SE06 Rm. 205
Jul 22 Sat 13:00 - 16:00 Online
Jul 29 - Aug 05 Sat 09:00 - 12:00 Online
Jul 29 - Aug 05 Sat 13:00 - 16:00 Online
Aug 12 Sat 09:00 - 12:00 Online
Aug 12 Sat 13:00 - 16:00 Burnaby SE06 Rm. 205
Instructor

Tim Edwards

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

5.5

Cost

$787.70

Important information
  1. Departmental approval needed
  2. The following dates will be HELD IN-CLASS at the Burnaby Campus: Midterm: Saturday, June 24th Midterm 2: Saturday, July 22nd Final: Saturday, August 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 Saturday, July 1st (Canada Day) Please contact the Program Coordinator, Deacon Devlin at: Deacon_Devlin@bcit.ca for registration approval.
Status

Fall 2023

Below is one offering of FMGT 2152 for the Fall 2023 term.

CRN 48956

Duration

Mon Sep 11 - Sat Dec 09 (12 weeks)

  • 12 weeks
  • CRN 48956
  • $805.60
Class meeting times
Dates Days Times Locations
Sep 11 - Dec 09 N/A N/A Online
Oct 19 Thu 18:00 - 20:30 Burnaby SW01 Rm. 3150
Dec 07 Thu 18:00 - 20:30 Burnaby SE06 Rm. 205
Instructor

Deborah Schell

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

5.5

Cost

$805.60

Important information
  1. Departmental approval needed
  2. 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. This course may not be audited. Department approval is required for registration. Please email FMGT_Online@bcit.ca with your BCIT student ID number, full name, and a brief explanation of why you wish to register in the course. Students are advised to purchase the textbook prior to the first class online at www.bcitbookstore.ca/distance/. Please send any inquiries regarding this section to FMGT_Online@bcit.ca..
Status

Learning Outcomes

Upon successful completion of this course, the student will be able to:

  • Describe and differentiate the three forms of business organization.
  • Prepare and analyze financial statements.
  • Apply the basic principles of worksheet bookkeeping to record transactions for both a service and a merchandising business, including period-end adjustments.
  • Identify the internal control principles that apply to cash.
  • Complete inventory costing using FIFO and weighted average.
  • Understand and explain how companies recognize and value receivables.
  • Identify capital assets.
  • Understand, explain, and employ various methods of depreciation.
  • Understand how to account for current liabilities and cash dividends.
  • Define and differentiate between a variety of terms used in cost and managerial accounting.
  • Compute the breakeven point and determine the activity level needed to achieve a desired net profit figure.
  • Use the High-Low method for splitting mixed costs into their variable and fixed components.
  • Apply financial analysis techniques to a company's financial statements.
  • Analyze and make recommendations in several typical business decision scenarios.
  • Identify product costs and calculate overhead using activity-based costing.
  • Develop cash budgets.
  • Identify the components of a master budget and prepare a flexible budget.
  • Apply the concepts of responsibility accounting to management evaluation and control.
  • Analyze and make recommendations in capital budgeting decisions.

Effective as of Winter 2021

Related Programs

Accounting for Management (FMGT 2152) is offered as a part of the following programs:

School of Business + Media

  1. Business Administration (General Option)
    Diploma Part-time
  2. Business Administration (Global Studies Option)
    Diploma Part-time
  3. Business Administration (Human Resources Option)
    Diploma Part-time
  4. Business Administration (Management Option)
    Diploma Part-time
  5. Business Administration (Marketing Option)
    Diploma Part-time
  6. Business Fundamentals
    Associate Certificate Full-time
  7. Business Information Technology Management (Artificial Intelligence Management Option)
    Diploma Full-time
  8. Business Information Technology Management (Enterprise Systems Management Option)
    Diploma Full-time
  9. Business Management
    Diploma Full-time
  10. Business Management - Advanced Diploma
    Advanced Diploma Full-time/Part-time
  11. Business Operations Management
    Diploma Full-time
  12. General Insurance and Risk Management
    Diploma Full-time
  13. Global Trade and Transportation Management
    Diploma Full-time
  14. Human Resource Management
    Diploma Full-time
  15. Marketing Management
    Diploma Full-time

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