- International Fees
International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
Course Overview
With an applied emphasis, this course provides a solid foundation for professional requirements and transition to the workplace. The conceptual basis upon which assets, liabilities, equity, revenue and expenses are defined is discussed. The end user financial information needs upon which International Financial Reporting Standards (IFRS) and Accounting Standards for Private Enterprises (ASPE) are based are identified. Building on introductory courses, the financial reporting model comprising measurements, statement presentations and related disclosures are explored on an area basis; current and non-current assets and related valuations, current liabilities, critical revenue and expense recognition criteria. The applied emphasis blends process (derivation and enabling entries) with end product financial statement presentation. Note: Full-time Accounting and Finance students applying for transfer credit for this course from other post-secondary institutes must have achieved a minimum grade of 65% or better.
Domestic fees
$819.88 - $834.17 See individual course offerings below for actual costs.
Learning Outcomes
Upon successful completion of the course, the student will be able to:
- Identify and explain the accounting concepts and principles that support the treatments of economic events under IFRS and Private Enterprise Standards.
- Explain the objectives of financial reporting and explain the application of those objectives in statement preparation both International Financial Reporting Standards (IFRS), and Private Enterprise Standards.
- Prepare a statement of comprehensive income in proper form, properly identifying and classifying other gains and losses or irregular economic events.
- Prepare a statement of retained earnings from data supplied, including identifying and properly presenting adjustments to beginning balances.
- Explain the criteria for classifications of various statement components such as current assets versus non-current assets.
- Recognize and measure revenue in accordance with recognition standards.
- Identify and apply the reporting issues for near-cash operating assets in the business cycle; cash, receivables and inventories
- Identify and report investments -- both non-strategic (debt and equity) and strategic (significant influence or control). Apply accounting for all investment types except a control relationship (consolidation).
- Identify and value types of tangible and intangible assets; accounting for held-for-sale capital assets; non-monetary exchanges; assets acquired through favourable financing and share exchanges; self-constructed assets. Alternative valuation bases.
- Apply the various methods of depreciation of tangible and intangible assets; industry or business specific depreciation methods. Identify asset impairments and be able to measure and report impairments.
- Discuss intangible assets, the determination of goodwill and impairment thereof.
Effective as of Winter 2012
Related Programs
Financial Accounting 1 (FMGT 3110) is offered as a part of the following programs:
- Indicates programs accepting international students.
School of Business + Media
- Accounting
Diploma Full-time
- Accounting
Diploma Part-time
- Finance
Diploma Part-time
- Financial Management (Finance Option)
Certificate Part-time
- Financial Management (Professional Accounting Option)
Certificate Part-time
- Financial Planning
Diploma Part-time
- Professional Accounting
Advanced Diploma Full-time/Part-time
Course Offerings
Winter 2025
Below are four offerings of FMGT 3110 for the Winter 2025 term.
CRN 15544
Dates
Jan 04 - Apr 05 In Progress
- CRN 15544
- $834.17 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Jan 04 - Apr 05 | Sat | 09:00 - 12:45 | Burnaby NE01 Rm. 216 |
Duration
14 weeks
Instructor
Trevor Jang
Course outline
Important information
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
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 12991
Dates
Jan 06 - Apr 14 In Progress
- CRN 12991
- $819.88 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Jan 06 - Apr 14 | Mon | 17:30 - 21:15 | Downtown DTC Rm. 385 |
Duration
14 weeks
Instructor
Sue Tsiang
Course outline
Important information
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- Class WILL NOT be held Monday, February 17th (Family Day).
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 14878
Dates
Jan 07 - Apr 08 In Progress
- CRN 14878
- $834.17 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Jan 07 | Tue | 18:00 - 21:45 | Burnaby SW01 Rm. 2590 |
| Jan 14 - Jan 21 | Tue | 18:00 - 21:45 | Online |
| Jan 28 | Tue | 18:00 - 21:45 | Burnaby SW01 Rm. 2590 |
| Feb 04 | Tue | 18:00 - 21:45 | Online |
| Feb 11 | Tue | 18:00 - 21:45 | Burnaby SW01 Rm. 2590 |
| Feb 18 | Tue | 18:00 - 21:45 | Burnaby SW01 Rm. 2009 |
| Feb 25 | Tue | 18:00 - 21:45 | Burnaby SW01 Rm. 2590 |
| Mar 04 - Mar 25 | Tue | 18:00 - 21:45 | Online |
| Apr 01 | Tue | 18:00 - 21:45 | Burnaby SW01 Rm. 2590 |
| Apr 08 | Tue | 18:00 - 21:45 | Burnaby SW01 Rm. 2009 |
Duration
14 weeks
Instructor
Michelle Miller
Course outline
Important information
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- The following dates will be HELD IN-CLASS at the Burnaby Campus and are MANDATORY: Tuesday, January 7th (18:00 - 21:45) Tuesday, January 28th (18:00 - 21:45) Tuesday, February 11th (18:00 - 21:45) Mid-Term Exam: Tuesday, February 18th (18:00 - 21:45) Mid-Term Exam De-Brief: Tuesday, February 25th (18:00 - 21:45) Tuesday, April 1st (18:00 - 21:45) Final Exam: Tuesday, April 8th (18:00 - 21:45) 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. The in-person dates/classes are required for students to attend, and have MANDATORY ATTENDANCE. 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. This section will use a specific textbook that isn’t available through the BCIT Bookstore. Please contact fmgtpts@bcit.ca for further 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 15272
Dates
Jan 08 - Apr 09 In Progress
- CRN 15272
- $834.17 Domestic fees
Class meeting times
Duration
14 weeks
Instructor
Michelle Miller
Course outline
Important information
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- The following dates will be HELD IN-CLASS at the Burnaby Campus and are MANDATORY: Mid-Term Exam: Wednesday, February 19th (18:00 - 21:45) Final Exam: Wednesday, April 9th (18:00 - 21:45) 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. The in-person dates/classes are required for students to attend, and have MANDATORY ATTENDANCE. 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.
Spring/Summer 2025
Below are three offerings of FMGT 3110 for the Spring/Summer 2025 term.
CRN 20424
Dates
Apr 11 - Jul 18 Seats Available
- CRN 20424
- $819.88 Domestic fees
Class meeting times
Duration
14 weeks
Instructor
Michelle Miller
Course outline
Important information
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- Class WILL NOT be held on Friday, Apr. 18th (Easter Friday) and Friday, May 9th. The following dates will be HELD IN-CLASS at the Downtown Campus and are MANDATORY: Mid-Term Exam: Friday, May 30, 2025 (13:30 - 17:15) Midterm Debrief: Friday, June 6, 2025 (13:30 - 17:15) and Final Exam: Friday, July 18, 2025 (13:30 -17:15). 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. The in-person dates/classes are required for students to attend, and have MANDATORY ATTENDANCE. 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
Seats Available
This course offering has seats available.
CRN 26165
Dates
Apr 12 - Jul 12 Seats Available
- CRN 26165
- $834.17 Domestic fees
Class meeting times
Duration
14 weeks
Instructor
Ron McGregor
Course outline
Important information
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- The following dates will be HELD IN-CLASS at the Burnaby Campus and are MANDATORY: Mid-Term Exam: Saturday, May 24, 2025 (9:45 - 12:45)Midterm Debrief: May 31, 2025 (9:45 - 12:45) Final Exam: Saturday, July 12, 2025 (9:45 - 12:45). 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. The in-person dates/classes are required for students to attend, and have MANDATORY ATTENDANCE. 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
Seats Available
3 seats remaining as of Tue March 18, 2025 at 7:30 am (PDT). Availability may change at any time.
CRN 64381
Dates
May 22 - Aug 21 Full
- CRN 64381
- $834.17 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| May 22 - Aug 21 | Thu | 18:00 - 21:45 | Burnaby SE06 Rm. 108 |
Duration
14 weeks
Instructor
Israr Rahimi
Course outline
Important information
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
Status
Full
This course offering is full. Please check this page for other currently available offerings or subscribe to receive email updates.
Programs and courses are subject to change without notice.