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FMGT 2105 - Accounting 2 for Financial Management

Financial Management Part-time Studies Course

School of Business + Media

To support you and your education, BCIT is adapting applied learning in formats appropriate to the unfolding global situation. All PTS classes are being delivered in an online format unless you are notified otherwise.

Course Details

Continues from FMGT 1105. Topics include temporary investments; receivables, capital assets; liabilities; partnerships; corporations; bonds; statements of changes in financial position; financial statement analysis; manufacturing accounting; departmental accounting; cost-volume-profit analysis. Note: Fulltime Financial Management students who receive less than 65% in this course will need to complete FMGT 2100 with a grade of 70 or better before entering Level 3.


50% in FMGT 1105 or 70% in FMGT 1100



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Learning Outcomes

Upon successful completion, the student will be able to:

  • Understand and apply generally accepted accounting principles.
  • Prepare entries to account for credit sales, including alternative methods of accounting for bad debts.
  • Prepare entries to record transactions involving notes receivable including the calculation of interest and the discounting of notes.
  • Calculate and record amortization on various types of fixed assets using alternative generally accepted accounting practices.
  • Record the entries for the purchase, sale and trade-in of fixed assets.
  • Prepare entries to record transactions involving notes payable including the calculation of interest and discount.
  • Record the entries required for the various transactions involving long-term liabilities (notes and bonds payable) including the calculation of present value.
  • Describe and differentiate the advantages and disadvantages of a corporation, a partnership and a sole proprietorship.
  • Record the entries required for the shareholders’ equity of a corporation including share issues, retained earnings, dividends and stock splits.
  • Recognize proper presentation in the shareholders’ equity section of a balance sheet for extraordinary items, prior period adjustments and accounting changes.
  • Prepare payroll.
  • Prepare entries for investment transactions and complete a consolidated worksheet.
  • Prepare entries for a partnership including allocation of earnings, admission or retirement of a partner and liquidation of the partnership.
  • Prepare and interpret a statement of cash flows.
  • Analyze financial statements.
  • Comprehensive question.

Effective as of Fall 2018

Related Programs

FMGT 2105 is offered as a part of the following programs:

School of Business + Media

  1. Accounting
    Full-time   Diploma
  2. Finance
    Full-time   Diploma
  3. Financial Planning
    Full-time   Diploma


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