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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

$773.20

Course offerings

Winter 2023

Below are two offerings of FMGT 2152 for the Winter 2023 term.

CRN 90367

Duration

Wed Jan 04 - Sat Apr 01 (13 weeks)

  • 13 weeks
  • CRN 90367
  • $773.20
Class meeting times
Dates Days Times Locations
Jan 04 - Apr 01 N/A N/A Online
Instructor

TBD

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

5.5

Cost

$773.20

Status

Cancelled

This course offering has been cancelled. Please check back next term or subscribe to receive email updates.

CRN 90368

Duration

Wed Jan 04 - Sat Apr 01 (13 weeks)

  • 13 weeks
  • CRN 90368
  • $773.20
Class meeting times
Dates Days Times Locations
Jan 04 - Feb 02 N/A N/A Online
Feb 09 Thu 18:00 - 20:30 Burnaby SE06 Rm. 205
Feb 16 - Apr 01 N/A N/A Online
Mar 30 Thu 18:00 - 20:30 Burnaby SW01 Rm. 2016
Instructor

Deborah Schell

Course outline

View

Credits

5.5

Cost

$773.20

Important information
  1. Departmental approval needed
  2. 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. 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

In Progress

This course offering is in progress. Please check back next term or subscribe to receive email updates.

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 Fundamentals
    Associate Certificate Full-time
  2. Business Information Technology Management (Artificial Intelligence Management Option)
    Diploma Full-time
  3. Business Information Technology Management (Enterprise Systems Management Option)
    Diploma Full-time
  4. Business Management - Advanced Diploma
    Advanced Diploma Full-time/Part-time
  5. Business Operations Management
    Diploma Full-time
  6. General Insurance and Risk Management
    Diploma Full-time
  7. Global Trade and Transportation Management
    Diploma Full-time
  8. Marketing Management
    Diploma Full-time
  9. Marketing Management (Entrepreneurship Option)
    Diploma Full-time
  10. Marketing Management (Marketing Communications Option)
    Diploma Full-time
  11. Marketing Management (Professional Real Estate Option)
    Diploma Full-time
  12. Marketing Management (Professional Sales Option)
    Diploma Full-time
  13. Marketing Management (Tourism Management Option)
    Diploma Full-time

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