- International Fees
International fees are typically 3.25 times the domestic tuition. Exact cost will be calculated upon completion of registration.
Course Overview
Designed to give non-accounting majors an appreciation of the uses and limitations of cost and managerial accounting in the decision-making processes of an organization. Emphasis will be placed on identifying the relevance of this discipline to other functional areas: capital budgeting, production planning, cost minimization, contribution maximization, pricing and marketing policies. Concepts will be related to both manufacturing and knowledge-based, service business environments. Students will study a variety of analytical techniques that can be applied to financial and operational data to support management decisions.
Domestic fees
$661.02 - $674.36 See individual course offerings below for actual costs.
Learning Outcomes
Upon successful completion, the student will be able to:
- Describe why the manager needs management accounting information.
- Identify and give examples of cost types and classifications according to differing management needs.
- Prepare a cost of goods manufactured and cost of goods schedule.
- Analyze a mixed cost, using the least-squares method.
- Calculate the effect of a change in activity on both total and unit costs.
- Prepare an income statement using the contribution margin approach.
- Distinguish between process costing and job order costing, and identify companies that would use each method.
- Compute and apply predetermined overhead rates.
- Use a job-order costing system.
- Explain the major differences between activity based costing and a traditional costing system.
- Prepare all the components of a Master Budget (with emphasis on the Cash Budget).
- Compute variances from standard cost and explain their significance.
- Prepare performance reports incorporating flexible budgets.
- Compute and evaluate relevant performance measures for controlling decentralized operations.
- Compute the breakeven point and use CVP formulae to determine the activity level needed to achieve a desired net profit figure.
- Prepare analysis and make recommendations in several typical business decision scenarios where relevant costs are at issue: whether to keep or replace old equipment, whether a product line or other organizational segment should be dropped or retained, whether a business should make-or-buy its products or components, whether a special order should be accepted, and what is the most profitable use of a constrained resource.
- Determine the acceptability of an investment project using the net present value method, and other evaluation models commonly used to assess outlays on long-term projects.
Effective as of Fall 2015
Related Programs
Managerial Accounting (OPMT) (FMGT 3224) 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
- Business Administration (General Option)
Diploma Part-time
- Business Administration (Global Studies Option)
Diploma Part-time
- Business Administration (Human Resources Option)
Diploma Part-time
- Business Administration (Management Option)
Diploma Part-time
- Business Administration (Marketing Option)
Diploma Part-time
- Computerized Accounting
Associate Certificate Part-time
- Operations & Management Engineering
Diploma Full-time
Course Offerings
Spring/Summer 2025
Below is one offering of FMGT 3224 for the Spring/Summer 2025 term.
CRN 65528
Dates
Jun 03 - Aug 12 Loading
- CRN 65528
- $661.02 Domestic fees
Class meeting times
Dates | Days | Times | Locations |
---|---|---|---|
Jun 03 - Aug 12 | Tue | 18:15 - 22:15 | Burnaby SW03 Rm. 2745 |
Duration
10 weeks
Instructor
Tim Edwards
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 3.25 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- Class WILL NOT be held on Tuesday, July 1st (Canada Day).
Status
Fall 2025
Below is one offering of FMGT 3224 for the Fall 2025 term.
CRN 45527
Dates
Sep 11 - Dec 04 Loading
- CRN 45527
- $674.36 Domestic fees
Class meeting times
Duration
13 weeks
Instructor
Tim Edwards
Course outline
Course outline TBD — see Learning Outcomes in the interim.
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 3.25 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: Thursday, October 16, 2025 (18:15 - 22:00), and Final Exam: Thursday, December 4, 2025 (18:15 - 22:00). 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
Programs and courses are subject to change without notice.