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
$818.00 - $830.86 See individual course offerings below for actual costs.
Course offerings
Winter 2023
Below is one offering of FMGT 7121 for the Winter 2023 term.
CRN 44452
Duration
Mon Jan 09 - Mon Apr 17 (13 weeks)
- 13 weeks
- CRN 44452
- $830.86
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Jan 09 - Feb 13 | Mon | 18:00 - 21:30 | Online |
| Feb 20 | Mon | 18:00 - 21:00 | Burnaby SW01 Rm. 2020 |
| Feb 27 - Apr 10 | Mon | 18:00 - 21:00 | Online |
| Apr 17 | Mon | 18:00 - 21:00 | Burnaby SE06 Rm. 206 |
Instructor
Terry Gordon
Course outline
Cost
$830.86
Important information
- Departmental approval needed
-
Class WILL be held Feb 20 (Family Day). Class will NOT be held Mar 13 (BCIT Spring Break) or Apr 10 (Easter Monday). 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. 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 this page for other currently available offerings or subscribe to receive email updates.
Spring/Summer 2023
Below are two offerings of FMGT 7121 for the Spring/Summer 2023 term.
CRN 29864
Duration
Tue Apr 18 - Tue Jul 11 (13 weeks)
- 13 weeks
- CRN 29864
- $830.86
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Apr 18 - Jul 11 | Tue | 18:00 - 21:30 | Burnaby SW01 Rm. 2024 |
Instructor
Yasmin Alami
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Cost
$830.86
Important information
- Departmental approval needed
-
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
CRN 68260
Duration
Thu May 04 - Thu Jul 27 (13 weeks)
- 13 weeks
- CRN 68260
- $818.00
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| May 04 - Jul 27 | Thu | 10:30 - 14:20 | Downtown DTC Rm. 381 |
Instructor
Yasmin Alami
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Cost
$818.00
Important information
- Departmental approval needed
-
This section will run alongside the section for full-time students in the Advanced Diploma in Professional Accounting. Registration approval is required. 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
Online registration for this course offering is not available. However, you can still register by phone.
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.