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Cost/Managerial Accounting 1 FMGT 3210

Financial Management Course

Course details

This course emphasizes the following: role of the management accountant, cost concepts & terminology, job costing, cost-volume- profit- analysis, activity-based costing & activity-based management, budgeting and control, standard costs, variance analysis and income effects of alternative inventory costing methods. Cost and Managerial Accounting 1 will also demonstrate how to use financial information and various decision-making tools to make sound business decisions.

Prerequisite(s)

Credits

4.0

Cost

$573.68 - $586.54 See individual course offerings below for actual costs.

Course offerings

Fall 2022

Below are three offerings of FMGT 3210 for the Fall 2022 term.

CRN 31291

Duration

Wed Sep 07 - Wed Nov 30 (13 weeks)

  • 13 weeks
  • CRN 31291
  • $573.68
Class meeting times
Dates Days Times Locations
Sep 07 - Nov 30 Wed 17:30 - 20:30 Downtown DTC
Instructor

TBD

Course outline

View

Credits

4

Cost

$573.68

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.
Status

Cancelled

This course offering has been cancelled. Please check this page for other currently available offerings or subscribe to receive email updates.

CRN 31292

Duration

Sat Sep 10 - Sat Dec 03 (13 weeks)

  • 13 weeks
  • CRN 31292
  • $586.54
Class meeting times
Dates Days Times Locations
Sep 10 - Dec 03 Sat 09:00 - 12:00 Burnaby SW01 Rm. 2009
Instructor

Ron Messer

Course outline

View

Credits

4

Cost

$586.54

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.
Status

In Progress

This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.

CRN 30994

Duration

Mon Sep 12 - Mon Dec 05 (13 weeks)

  • 13 weeks
  • CRN 30994
  • $586.54
Class meeting times
Dates Days Times Locations
Sep 12 - Oct 10 Mon 18:00 - 21:00 Online
Oct 17 - Oct 24 Mon 18:00 - 21:00 Burnaby SE06 Rm. 205
Oct 31 - Nov 28 Mon 18:00 - 21:00 Online
Dec 05 Mon 18:00 - 21:00 Burnaby SE06 Rm. 205
Instructor

Susan Stuart

Course outline

View

Credits

4

Cost

$586.54

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. The following dates will be HELD IN-CLASS at the Burnaby Campus: Midterm: October 17th Midterm Debrief: October 24th Final: December 5th Class WILL be held on Monday, October 10th (Thanksgiving). This is not a self-paced course. You will be expected to be available and online on the posted days and times shown on your registration schedule. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date
Status

In Progress

This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.

Winter 2023

Below are three offerings of FMGT 3210 for the Winter 2023 term.

CRN 15276

Duration

Wed Jan 04 - Wed Apr 05 (13 weeks)

  • 13 weeks
  • CRN 15276
  • $573.68
Class meeting times
Dates Days Times Locations
Jan 04 - Apr 05 Wed 17:30 - 20:30 Downtown DTC Rm. 472
Instructor

Susan Stuart

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

4

Cost

$573.68

Important information
  1. Class WILL NOT be held on Wednesday, March 8th.
Status

CRN 15545

Duration

Sat Jan 07 - Sat Apr 01 (13 weeks)

  • 13 weeks
  • CRN 15545
  • $586.54
Class meeting times
Dates Days Times Locations
Jan 07 - Apr 01 Sat 09:00 - 12:00 Burnaby SE06 Rm. 206
Instructor

Ron Messer

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

4

Cost

$586.54

Status

CRN 40004

Duration

Tue Jan 10 - Tue Apr 04 (13 weeks)

  • 13 weeks
  • CRN 40004
  • $586.54
Class meeting times
Dates Days Times Locations
Jan 10 - Feb 07 Tue 18:00 - 21:00 Online
Feb 14 Tue 18:00 - 21:00 Burnaby SE06 Rm. 206
Feb 21 Tue 18:00 - 21:00 Burnaby SE06 Rm. 206
Feb 28 - Mar 28 Tue 18:00 - 21:00 Online
Apr 04 Tue 18:00 - 21:00 Burnaby SE06 Rm. 206
Instructor

Susan Stuart

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

4

Cost

$586.54

Important information
  1. The following dates will be HELD IN-CLASS at the Burnaby Campus. Midterm: February 14th Midterm Debrief: February 21st Final: April 4th This is not a self-paced course. You will be expected to be available and online on the posted days and times shown on your registration schedule. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date.
Status

Learning Outcomes

Upon successful completion, the student will be able to:

  • Identify the roles of the management accountant in the organization's planning and control functions.
  • Prepare financial statements for a manufacturing organization.
  • Define and differentiate between a variety of terms used in cost and managerial accounting.
  • Distinguish between job-order, process costing and activity based costing systems with regard to the methods of accumulating costs.
  • Develop predetermined manufacturing overhead rates for application to jobs.
  • Illustrate the flow of costs through a job cost system.
  • Determine and implement alternative methods of dealing with under-or over-applied overhead.
  • Analyze the effects of changes in prices, volumes, and cost structures on organizational profitability and do sensitivity analysis of these relationships.
  • Complete all the budgets and supporting schedules required in the preparation of a master budget.
  • Apply the concepts of responsibility accounting to management evaluation and control.
  • Prepare performance reports incorporating flexible budgets.
  • Develop standard costs for direct materials, direct labour, variable and fixed overhead and compute the appropriate variances.
  • Evaluate and implement the decision of whether or not to investigate a variance.
  • Evaluate the effects of alternative methods of inventory-costing.
  • Evaluate the effects of alternative denominator activity levels in absorption costing.
  • Describe and implement alternative methods of disposing of variances at year end.

Effective as of Fall 2004

Related Programs

Cost/Managerial Accounting 1 (FMGT 3210) is offered as a part of the following programs:

School of Business + Media

  1. Accounting
    Diploma Full-time
  2. Accounting
    Diploma Part-time
  3. Advanced Business Management
    Certificate Part-time
  4. Computerized Accounting
    Associate Certificate Part-time
  5. Finance
    Diploma Full-time
  6. Finance
    Diploma Part-time
  7. Financial Management (Finance Option)
    Certificate Part-time
  8. Financial Management (Professional Accounting Option)
    Certificate Part-time
  9. Financial Planning
    Diploma Part-time
  10. Financial Planning
    Diploma Full-time

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