- International Fees
International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
Course Overview
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
Domestic fees
$879.42
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:
- Indicates programs accepting international students.
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
Course Offerings
Winter 2025
Below is one offering of FMGT 7121 for the Winter 2025 term.
CRN 44452
Dates
Jan 06 - Apr 07 In Progress
- CRN 44452
- $879.42 Domestic fees
Class meeting times
Duration
13 weeks
Instructor
Nadine Barrett
Course outline
Important information
- Departmental approval needed
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- Class WILL be held on Feburary 17 (Family Day). Class will NOT be held on March 10 (BCIT Spring Break). THIS IS A DEGREE LEVEL COURSE FOR THE BACHELOR OF ACCOUNTING PROGRAM. This class will be held virtually, except for mandatory in-person exams. It is a synchronous course, so students are required to attend remotely via Microsoft Teams during the scheduled class times. A webcam and microphone are necessary. Both the midterm and final exams will take place IN PERSON at the Burnaby Campus, in the classroom listed above, during class time. Please note the following registration guidelines: 1. Acceptance into the Bachelor of Accounting Program, OR 2. Completion of FMGT 3110 and FMGT 4110 (or equivalent) with a minimum average grade of 65% and approval from the Department. For approval, please send an email with your BCIT student ID number and a brief explanation of why you wish to register 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.
Spring/Summer 2025
Below is one offering of FMGT 7121 for the Spring/Summer 2025 term.
CRN 29864
Dates
Apr 16 - Jul 09 Full
- CRN 29864
- $879.42 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Apr 16 - Jul 09 | Wed | 18:00 - 21:30 | Burnaby SE06 Rm. 104 |
Duration
13 weeks
Instructor
Yasmin Alami
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- Departmental approval needed
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- THIS IS A DEGREE LEVEL COURSE FOR THE BACHELOR OF ACCOUNTING PROGRAM. Please note the following registration guidelines: 1. Acceptance into the Bachelor of Accounting Program, OR 2. Completion of FMGT 3110 and FMGT 4110 (or equivalent) with a minimum average grade of 65% and approval from the Department. 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. International fees are typically three times the amount of domestic fees. Exact cost will be calculated upon completion of registration.
Status
Full
This course offering is full. Please check back next term or subscribe to receive email updates.
Programs and courses are subject to change without notice.