The course follows the evolution of accounting through historical events into current application recognizing the impact of international influences and organizations. Contemporary accounting issues will be addressed and evaluated for their impact in financial statements. Topics will include: the recognition of political influence and its impact on the accounting standard creation and modification process, development of analytical and research skills through the interpretation of the CPA Accounting Handbook pronouncements, and the evaluation of alternative policies. Students will enhance their presentation skills and research abilities through group work.
- Acceptance into the Bachelor of Accounting Program or approval from the Program
Below is one offering of FMGT 8121 for the Fall 2022 term.
Tue Sep 13 - Tue Dec 06 (13 weeks)
- 13 weeks
- CRN 43399
Class meeting times
|Sep 13 - Dec 06||Tue||18:00 - 21:30||Burnaby SE06 Rm. 208|
Course outline TBD — see Learning Outcomes in the interim.
- Departmental approval needed
This is a degree level courses reserved only for those who have been formally accepted into the Bachelor of Accounting program. If you have an inquiry regarding this course, please contact Bachelor_accounting@bcit.ca.
Upon successful completion, the student will be able to:
- Outline the historical evolution of accounting, including identifying major events and their impacts over time, and follow the development of accounting standards to the current time
- Assess the standard creation and modification process for International Accounting and Canadian Standards for Private Enterprises
- Apply various models for financial accounting and reporting
- Apply different theories introduced during the course to practical situations and actual events
- Discuss alternative financial reporting options
- Develop recommendations for adoption of financial reporting policies including information disclosure alternatives
- Interpret and analyze conflicts between managers and investors
- Analyze the incentive relationship between Executive Compensation and Earnings Management
- Discuss the role of accounting in society and area of corporate social responsibility
- Evaluate the goals of sustainability accounting and the alternatives to achieve these goals
- Outline the purpose of the global reporting initiative and alternatives
- Outline the information distribution system for public companies
- Apply CPA Handbook pronouncements to business situations and recommend accounting policies and procedures
Effective as of Fall 2016
Contemporary Issues in Accounting (FMGT 8121) is offered as a part of the following programs:
School of Business + Media
Bachelor of Accounting Full-time/Part-time
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Programs and courses are subject to change without notice.