British Columbia Institute of

Important Notice: COVID-19 Institute response


FMGT 1115 - Accounting for Small Business

Financial Management Part-time Studies Course

School of Business + Media

BCIT is planning for a substantial return to on-campus activity for the fall 2021 term as informed by BC Public Health Officer guidelines. Refer to each course listing for details.

Course Details

This course covers basic accounting fundamentals, and by using Intuit's QuickBooks Online software, individuals with little or no accounting background will learn through practical application of concepts by using the software. Topics include General Ledger setup, accounts receivable and payable, bank reconciliation, inventory, sales tax and financial statements.





Fall 2021

Below is one offering of this course for the Fall 2021 term.

CRN 48572

Mon Sep 27 - Wed Nov 17 8 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 27 - Nov 15 Mon 17:00 - 20:00 Other WHIST
Sep 29 - Nov 17 Wed 17:00 - 20:00 Online


Jeff Murl

Course Outline




  1. No Class on Monday, October 11th. 2. This is a Hybrid course. Students are required to attend both in-person on Mondays and online on Wednesdays at the times noted. 3. In-person location: Board Room, Whistler Chamber of Commerce, #201 - 4230 Gate Way Dr, Whistler, BC,V8E 0Z8. 4. Wednesdays Online Sept 29, Oct 6, 13, 20, 27, Nov 3, 10, 17, 5-8PM. 5. Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information. 6. Students require access to a laptop to complete this course. 7.If you have more question please contact Sonia Dhaliwal at

This course offering is in progress and full. Please check back next term or subscribe to receive email updates.

In Progress and Full

Learning Outcomes

Upon successful completion of this course, the student will be able to:

  • Apply the basic principles of bookkeeping to record transactions, manage accounts and perform reconciliations.
  • Prepare financial statements (Income Statement, Statement of Owner's Equity and the Balance Sheet) for a business.
  • Create a new company together with a Chart of Accounts and set up opening balances in QuickBooks.
  • Navigate the principal features and functionality of QuickBooks.
  • Create Vendor and Customer master records and record transactions, including Sales Taxes, in QuickBooks.
  • Create 'items' which can be either goods or services. Create an invoice including customization features.
  • Setup Payroll and Inventory functions within QuickBooks.
  • Setup the bank feed feature and perform a Bank Reconciliation in QuickBooks.
  • Run Financial Statements, and reports in QuickBooks. Export QuickBooks data to excel.
  • Review functions such as Mileage, Cash Flow, Dashboard, Projects, Payroll, Receipt Uploading.
  • Perform a Client Review in the QuickBooks Accountant Edition.
  • Review Accountant Edition specific features: Month-End Review, Overview, Workpapers.

Effective as of Fall 2021


Interested in being notified about future offerings of FMGT 1115 - Accounting for Small Business? If so, fill out the information below and we'll notify you by email when courses for each new term are displayed here.

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English Language Proficiency

BCIT's Part-time Studies English Language Proficiency Standard is English 12 (or equivalency). Students who do not meet this requirement should upgrade their English skills prior to any future registration.

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Registration News

Registration is currently open for the Fall 2021 term.

The sneak preview for the Winter 2022 term starts Fri, Oct 22 at 8:30 am (PDT).

Students may register for Winter 2022 term courses online or by phone starting Wed, Oct 27 at 9:00 am (PDT).

Classroom Locations

Classroom locations are subject to last minute changes. Please check the Part-time Studies Classroom Locations listing at on the first day of any course you are registered for.

Part-time Studies Financial Aid

Will you be studying at BCIT part-time? Do you need assistance funding your studies? Find out if you qualify for Part-time Studies financial aid.