Course Overview
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.
Prerequisite(s)
- Acceptance into the Bachelor of Accounting Program or approval from the Program
Credits
3.0
Domestic fees
$915.57
International fees are typically 3.4 times the domestic tuition. Exact cost will be calculated upon completion of registration.
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:
- Indicates programs accepting international students.
- Indicates programs eligible for students to apply for Post-graduation Work Permit (PGWP).
School of Business + Media
- Accounting
Bachelor of Accounting Full-time/Part-time
Course Offerings
Fall 2026
Below is one offering of FMGT 8121 for the Fall 2026 term.
CRN 43399
Dates
Sep 15 - Dec 08 Loading
- CRN 43399
- $915.57 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 15 - Dec 08 | Tue | 18:00 - 21:30 | Burnaby SW09 Rm. 117 |
Duration
13 weeks
Instructor
Tim Edwards
Course outline
Registration requirements
Departmental approval is required to register for this course offering. You must have approval from the department to register. Students accepted into a program can register directly.
Important information
- THIS IS A DEGREE LEVEL COURSE FOR THE BACHELOR OF ACCOUNTING PROGRAM. 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.
Confirmation
Required
To proceed with registration and add this course to the cart, please confirm:
No approval yet? Request approval You must have approval from the department to register. Students accepted into a program can register directly.
Status
If you have any questions about this course, please contact us.
Winter 2027
Below is one offering of FMGT 8121 for the Winter 2027 term.
CRN 84169
Dates
Jan 05 - Apr 06 Loading
- CRN 84169
- $915.57 Domestic fees
Class meeting times
Duration
13 weeks
Instructor
Tim Edwards
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Registration requirements
Departmental approval is required to register for this course offering. You must have approval from the department to register. Students accepted into a program can register directly.
Important information
- Class will NOT be held on March 16 (BCIT Spring Break). 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. 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. 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.
Confirmation
Required
To proceed with registration and add this course to the cart, please confirm:
No approval yet? Request approval You must have approval from the department to register. Students accepted into a program can register directly.
Status
If you have any questions about this course, please contact us.
Programs and courses are subject to change without notice. Find out more about BCIT course cancellations.