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Contemporary Issues in Accounting FMGT 8121

Financial Management Course

Course details

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





Course offerings

Winter 2023

Below is one offering of FMGT 8121 for the Winter 2023 term.

CRN 84169


Tue Jan 10 - Tue Apr 11 (13 weeks)

  • 13 weeks
  • CRN 84169
  • $830.86
Class meeting times
Dates Days Times Locations
Jan 10 - Apr 04 Tue 18:00 - 21:30 Online
Apr 11 Tue 18:00 - 21:30 Burnaby SE06 Rm. 205

Tim Edwards

Course outline




Important information
  1. Departmental approval needed
  2. Class will NOT be held Mar 14 (BCIT Spring Break). This class will be held virtually, with the exception of the mandatory in-person final exam. 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. The final exam 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

In Progress

This course offering is in progress. Please check back next term or subscribe to receive email updates.

Learning Outcomes

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

Related Programs

Contemporary Issues in Accounting (FMGT 8121) is offered as a part of the following programs:

School of Business + Media

  1. Accounting
    Bachelor of Accounting Full-time/Part-time


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