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International Fees

International fees are typically three times the amount of domestic fees. Exact cost will be calculated upon completion of registration.

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).

Prerequisite(s)

Credits

3.0

Domestic fees

$861.63

Course offerings

Winter 2024

Below is one offering of FMGT 7121 for the Winter 2024 term.

CRN 44452

Duration

Mon Jan 08 - Mon Apr 08 (13 weeks)

  • 13 weeks
  • CRN 44452
  • Domestic fees $861.63
    International fees are typically three times the amount of domestic fees.
Class meeting times
Dates Days Times Locations
Jan 08 - Feb 12 Mon 18:00 - 21:30 Online
Feb 19 Mon 18:00 - 21:30 Burnaby SW01 Rm. 1021
Feb 26 - Apr 01 Mon 18:00 - 21:30 Online
Apr 08 Mon 18:00 - 21:30 Burnaby SW01 Rm. 1021
Instructor

Nadine Barrett

Course outline

View

Domestic fees

$861.63

Important information
  1. Departmental approval needed
  2. International fees are typically three times the amount of domestic fees. Exact cost will be calculated upon completion of registration.
  3. Class WILL be held February 19 (Family Day) and April 1 (Easter Monday). Class will NOT be held March 11 (BCIT Spring Break). THIS IS A DEGREE LEVEL COURSE FOR THE BACHELOR OF ACCOUNTING PROGRAM. 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. Both the midterm and final exams will be held during class time IN PERSON at the Burnaby Campus in the classroom listed above. Please direct any inquiries to bachelor_accounting@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.

Spring/Summer 2024

Below is one offering of FMGT 7121 for the Spring/Summer 2024 term.

CRN 29864

Duration

Tue Apr 16 - Tue Jul 09 (13 weeks)

  • 13 weeks
  • CRN 29864
  • Domestic fees $861.63
    International fees are typically three times the amount of domestic fees.
Class meeting times
Dates Days Times Locations
Apr 16 - Jul 09 Tue 18:00 - 21:30 Burnaby SE06 Rm. 108
Instructor

Yasmin Alami

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Domestic fees

$861.63

Important information
  1. Departmental approval needed
  2. International fees are typically three times the amount of domestic fees. Exact cost will be calculated upon completion of registration.
  3. This is a degree level course for the Bachelor of Accounting program. Those who have not been formally accepted into the program will require department approval prior to registration. For approval, please send an email to bachelor_accounting@bcit.ca with your BCIT student ID number and a brief explanation of why you wish to register in the course.
Status

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

  1. Accounting
    Bachelor of Accounting Full-time/Part-time
  2. Financial Management (Professional Accounting Option)
    Certificate Part-time
  3. Professional Accounting
    Advanced Diploma Full-time/Part-time

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