- 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).
Credits
3.0
Domestic fees
$861.63
Course offerings
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 $861.63International 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
Domestic fees
$861.63
Important information
- Departmental approval needed
- International fees are typically three times the amount of domestic fees. Exact cost will be calculated upon completion of registration.
-
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
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:
- Indicates programs accepting international students.
- Indicates programs with a co-op option.
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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