Course details
Building on technical skills and knowledge covered in earlier accounting courses, this course focuses on complex accounting topics. Its primary focus is on accounting for long-term, inter-corporate equity investments under International Financial Reporting Standards and Accounting Standards for Private Enterprises. Other topics covered include accounting for foreign currency transactions, translation and consolidation of foreign currency financial statements, and accounting standards pertaining to not-for-profit and public sector organizations. This course qualifies as a prerequisite for entrance into the Chartered Professional Accountant (CPA) Professional Education Program (PEP).
Credits
3.0
Cost
$849.63
Course offerings
Fall 2023
Below are two offerings of FMGT 7121 for the Fall 2023 term.
CRN 32650
Duration
Mon Sep 11 - Mon Dec 18 (13 weeks)
- 13 weeks
- CRN 32650
- $849.63
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 11 - Dec 18 | Mon | 18:00 - 21:30 | Burnaby SE06 Rm. 230 |
Instructor
Yasmin Alami
Course outline
Cost
$849.63
Important information
- Departmental approval needed
-
Class will NOT be held Oct. 9 (Thanksgiving Day) and October 16. Class WILL BE HELD Oct. 2 (day in lieu of National Day for Truth and Reconciliation) & November 13th (Day in lieu of Remembrance Day). This is a degree level course for the Bachelor of Accounting program. Please direct any inquiries to bachelor_accounting@bcit.ca.
Status
In Progress
This course offering is in progress. Please check back next term or subscribe to receive email updates.
CRN 32651
Duration
Mon Sep 11 - Mon Dec 18 (13 weeks)
- 13 weeks
- CRN 32651
- $849.63
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 11 - Oct 23 | Mon | 18:00 - 21:30 | Online |
| Oct 30 | Mon | 18:00 - 21:30 | Burnaby SE06 Rm. 206 |
| Nov 06 - Dec 11 | Mon | 18:00 - 21:30 | Online |
| Dec 18 | Mon | 18:00 - 21:30 | Burnaby SE06 Rm. 206 |
Instructor
Terry Gordon
Course outline
Cost
$849.63
Important information
- Departmental approval needed
-
Class will NOT be held Oct. 2 (day in lieu of National Day for Truth and Reconciliation) or Oct. 9 (Thanksgiving Day). Class WILL BE HELD Nov. 13 (day in lieu of Remembrance Day). This class will be held virtually, with the exception of mandatory in-person exams. This is a synchronous course, so students must be available to attend remotely through Zoom at the scheduled class times. Students must have a webcam and microphone. The final exam will be held during class time IN PERSON at the Burnaby Campus in the classroom listed above. This is a degree level course for the Bachelor of Accounting program. Please direct any inquiries to bachelor_accounting@bcit.ca.
Status
In Progress and Full
This course offering is in progress and full. 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:
- Analyze inter-corporate investment transactions and determine the correct accounting treatment for the investment.
- Identify and apply the appropriate accounting standards relevant to the following:
- Passive investments (fair value methods)
- Investments in associates and joint ventures (equity method)
- Business combinations (consolidation)
- Prepare consolidated financial statements appropriately dealing with such complexities as:
- Intercompany revenues, expenses and balances
- Unrealized intercompany profits pertaining to intercompany asset transfers
- Non-wholly owned subsidiaries
- Apply the accounting standards applicable to foreign currency transactions, hedge accounting, and the translation and consolidation of financial statements denominated in foreign currencies.
- Identify and discuss accounting standards and issues that are unique to not-for-profit and public sector organizations.
- Prepare financial statements of not-for-profit organizations using both the deferral and restricted funds methods.
Effective as of Fall 2016
Related Programs
Advanced Accounting (FMGT 7121) is offered as a part of the following programs:
School of Business + Media
- Accounting
Bachelor of Accounting Full-time/Part-time
- Financial Management (Professional Accounting Option)
Certificate Part-time
- Professional Accounting
Advanced Diploma Full-time/Part-time
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Programs and courses are subject to change without notice.