Course details
Financial Accounting establishes a foundation in accounting concepts and principles upon which the appropriate recognition, measurement, and presentation of a wide variety of routine, and non-routine transactions, are evaluated. Students are provided with the knowledge to prepare financial statements for proprietorships, partnerships, and corporations, in accordance with the appropriate standard (IFRS or ASPE), and interpret the results. Once a thorough understanding of these topics has been established, the treatment of more complex topics will be explored in depth. This course qualifies as a prerequisite for entrance into the Chartered Professional Accountants (CPA) Professional Education Program (PEP).
Prerequisite(s)
- No prerequisites are required for this course.
Credits
4.0
Cost
$858.65 - $917.50 See individual course offerings below for actual costs.
Course offerings
Spring/Summer 2023
Below are two offerings of ACCG 5110 for the Spring/Summer 2023 term.
CRN 68922
Duration
Tue Apr 04 - Tue Aug 15 (19 weeks)
- 19 weeks
- CRN 68922
- $858.65
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Apr 04 - Aug 15 | N/A | N/A | Online |
Instructor
Vnit Nath
Course outline
Cost
$858.65
Important information
- Internet delivery format.
- Departmental approval needed
-
As approval is required for registration in this section, please email FMGT_Online@bcit.ca with your BCIT student ID number and a brief explanation of why you wish to register in the course. Internet, asynchronous (not live), self-paced, delivery format. Course is intended for students pursuing the Advanced Diploma in Professional Accounting program (www.bcit.ca/programs/professional-accounting-advanced-diploma-full-time-part-time-5290advdip/). Students can register for the course anytime before the course end date (August 15, 2023), and have until the end date to complete all course requirements. It is recommended that students register before July 18, 2023 to provide time towards completing all course requirements. No additional time is permitted for course completion beyond the course end date (August 15, 2023). Students will write their Mid-Term and Final Exams through the BCIT Test Centre (www.bcit.ca/test-centre/). Students are responsible for scheduling and paying the Exam Sitting Fee (www.bcit.ca/test-centre/non-bcit-students/) for their exams. Please e-mail any questions regarding this section to FMGT_Online@bcit.ca.
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 64860
Duration
Tue May 09 - Tue Aug 15 (15 weeks)
- 15 weeks
- CRN 64860
- $897.40
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| May 09 - Aug 15 | Tue | 18:00 - 22:00 | Burnaby SW01 Rm. 3150 |
Instructor
Vnit Nath
Course outline
Cost
$897.40
Important information
-
This course fulfills the CPA prerequisite for Introductory Financial Accounting. This course CANNOT be transferred into the Accounting nor Finance Diploma.
Status
In Progress
This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.
Fall 2023
Below is one offering of ACCG 5110 for the Fall 2023 term.
CRN 43447
Duration
Tue Sep 05 - Tue Dec 12 (15 weeks)
- 15 weeks
- CRN 43447
- $917.50
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 05 - Dec 12 | Tue | 18:00 - 22:00 | Burnaby |
Instructor
Vnit Nath
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Cost
$917.50
Important information
-
This course fulfills the CPA prerequisite for Introductory Financial Accounting. This course CANNOT be transferred into the Accounting nor Finance Diploma.
Status
Learning Outcomes
Upon successful completion, the student will be able to:
- Evaluate the nature and purpose of accounting information.
- Apply generally accepted accounting principles in the analysis and recording of business transactions for service and merchandising operations under Generally Accepted Accounting Principles (GAAP).
- Apply each step of the accounting cycle.
- Generate financial statements (Income Statement, Statement of Retained Earnings, Balance Sheet and Statement of Cash Flows), and interpret the results.
- Analyze financial statements using vertical, horizontal, and ratio analysis.
- Describe accounting information systems.
- Compare and contrast the three basic forms of business organization (proprietorships, partnerships, and corporations).
- Assess the need for internal controls and apply them to cash and cash equivalents.
- Define common types of receivables and use the allowance method to account for uncollectible amounts.
- Apply appropriate measurement to property, plant, and equipment.
- Assess the purpose and demonstrate the calculation of amortization (straight-line, units-of-production, and declining-balance methods).
- Define goodwill and amortize intangible assets.
- Assess the appropriate treatment of known, estimated, and contingent liabilities.
- Demonstrate the accounting required for shareholders' equity of a corporation.
- Evaluate the accounting treatment of bonds and leases.
- Analyze and record transactions for short and long-term investments.
- Apply the equity method to account for investments with significant influence.
- Analyze and record foreign currency transactions.
Effective as of Fall 2023
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Programs and courses are subject to change without notice.