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Cost and Managerial Accounting 2 FMGT 4210

Financial Management Course

International Fees

International fees are typically three times the amount of domestic fees. Exact cost will be calculated upon completion of registration.

Course details

Emphasizes relevant costing for decision-making, cost behaviour, cost allocation, joint and by-product costs, process costing, regression analysis, linear programming, mix and yield variances, decentralization, transfer pricing, and performance evaluation and compensation.

Prerequisite(s)

Credits

5.5

Domestic fees

$817.60

Course offerings

Winter 2024

Below are two offerings of FMGT 4210 for the Winter 2024 term.

CRN 10234

Duration

Mon Jan 08 - Mon Apr 15 (13 weeks)

  • 13 weeks
  • CRN 10234
  • Domestic fees $817.60
    International fees are typically three times the amount of domestic fees.
Class meeting times
Dates Days Times Locations
Jan 08 - Apr 15 Mon 18:00 - 22:00 Burnaby SW03 Rm. 3615
Instructor

Yasmin Alami

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

5.5

Domestic fees

$817.60

Important information
  1. Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
  2. International fees are typically three times the amount of domestic fees. Exact cost will be calculated upon completion of registration.
  3. Class WILL NOT be held Monday, February 19th (Family Day) & Monday, April 1st (Easter Monday).
Status

CRN 16439

Duration

Tue Jan 09 - Tue Apr 02 (13 weeks)

  • 13 weeks
  • CRN 16439
  • Domestic fees $817.60
    International fees are typically three times the amount of domestic fees.
Class meeting times
Dates Days Times Locations
Jan 09 - Apr 02 Tue 18:00 - 22:00 Burnaby NE01 Rm. 405
Instructor

Randy Robinson

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

5.5

Domestic fees

$817.60

Important information
  1. Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
  2. International fees are typically three times the amount of domestic fees. Exact cost will be calculated upon completion of registration.
Status

Learning Outcomes

Upon successful completion, the student will be able to:

  • Describe various methods for splitting mixed costs into their variable and fixed components.
  • Use the High-Low method for splitting mixed costs into their variable and fixed components.
  • Apply the learning curve in making estimates of future costs.
  • Use regression analysis for splitting mixed costs into their variable and fixed components and evaluate the validity of the results.
  • Provide relevant costs to assist management in decision making and pricing.
  • Apply linear programming to assist management in the allocation of scarce resources.
  • Allocate costs from service departments to production departments using the direct, step and reciprocal methods.
  • Prepare income statements for segments of an organization using the contribution approach.
  • Allocate joint costs to joint products using the physical measures, sales value at split-off, relative sales value and constant gross profit percentage methods.
  • Provide information to assist management in deciding whether joint products should be processed beyond the split-off point.
  • Account for by-product revenues and costs.
  • Demonstrate the Weighted Average and FIFO methods of process costing.
  • Show how standard costs can be used in process costing.
  • Demonstrate how interdepartmental transfers affect Weighted Average and FIFO process costing.
  • Account for spoilage in process costing using both the Weighted Average and FIFO methods.
  • Demonstrate the use of JIT costing, Operation costing and Backflush costing.
  • Develop methods for controlling the costs of major projects.
  • Divide the Sales Volume Variance into Quantity and Mix or Market Size and Share Variances.
  • Compute Mix and Yield variances for direct materials and labour.
  • Evaluate various management control systems and the control of “Quality” and “Time”.
  • Evaluate the benefits and costs of decentralization.
  • Demonstrate three general methods for determining transfer prices.
  • Evaluate alternative performance measurement and compensation systems.

Effective as of Winter 2004

Related Programs

Cost and Managerial Accounting 2 (FMGT 4210) is offered as a part of the following programs:

School of Business + Media

  1. Accounting
    Diploma Full-time
  2. Accounting
    Diploma Part-time
  3. Finance
    Diploma Full-time
  4. Finance
    Diploma Part-time
  5. Financial Management (Finance Option)
    Certificate Part-time
  6. Financial Management (Professional Accounting Option)
    Certificate Part-time

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