British Columbia Institute of Technologywww.bcit.ca/study/courses/fmgt3110

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BCIT

FMGT 3110 - Financial Accounting 1

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

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.

Prerequisite(s)

FMGT 2100 or FMGT 2105 or ACCG 5110

Credits

4.0

Cost

$744.72 - $754.72 See individual course offerings below for actual costs.

Winter 2021

Below are four offerings of this course for the Winter 2021 term.

CRN 12991

Mon Jan 04 - Mon Apr 19 14 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 04 - Apr 19 Mon 17:30 - 21:15 Online Delivery
See Notes below

Instructor

Sue Hsiu Ming Tsiang

Course Outline

Cost

$744.72

Notes

  1. Class WILL NOT be held Monday, Feb. 15th (Family Day) and Monday, Apr. 5th (Easter Monday) 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. 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.
  2. Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.

This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.

In Progress

CRN 14878

Tue Jan 05 - Tue Apr 06 14 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 05 - Apr 06 Tue 18:00 - 21:45 Online Delivery
See Notes below

Instructor

Michelle Miller

Course Outline

Cost

$754.72

Notes

  1. 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. 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.
  2. Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.

This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.

In Progress

CRN 15272

Wed Jan 06 - Wed Apr 07 14 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 06 - Apr 07 Wed 18:00 - 21:45 Online Delivery
See Notes below

Instructor

Michelle Miller

Course Outline

Cost

$754.72

Notes

  1. 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. 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.
  2. Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.

This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.

In Progress

CRN 15544

Sat Jan 09 - Sat Apr 10 14 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 09 - Apr 10 Sat 09:00 - 12:45 Online Delivery
See Notes below

Instructor

Trevor Jang

Course Outline

Cost

$754.72

Notes

  1. 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. 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.
  2. Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.

This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.

In Progress

Spring/Summer 2021

Below are four offerings of this course for the Spring/Summer 2021 term.

CRN 20421

Tue Apr 06 - Tue Jul 06 14 Weeks

Class Meeting Times

Dates Days Times Locations
Apr 06 - Jul 06 Tue 18:00 - 21:45 Online Delivery
See Notes below

Instructor

Sue Hsiu Ming Tsiang

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$754.72

Notes

  1. 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. 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.

A portion of seats are temporarily held for domestic students. International students: this may impact your ability to register. Learn why.

}

10 seats available as of Feb 25, 2021 11:15 pm (PST). Of these 10, 2 are currently reserved for domestic students only. Availability may change at any time.

CRN 26165

Sat Apr 10 - Sat Jul 10 14 Weeks

Class Meeting Times

Dates Days Times Locations
Apr 10 - Jul 10 Sat 09:00 - 12:45 Online Delivery
See Notes below

Instructor

Ron McGregor

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$754.72

Notes

  1. 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. 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.

A portion of seats are temporarily held for domestic students. International students: this may impact your ability to register. Learn why.

}

21 seats available as of Feb 25, 2021 11:15 pm (PST). Of these 21, 13 are currently reserved for domestic students only. Availability may change at any time.

CRN 20424

Fri Apr 16 - Fri Jul 16 14 Weeks

Class Meeting Times

Dates Days Times Locations
Apr 16 - Jul 16 Fri 13:30 - 17:15 Online Delivery
See Notes below

Instructor

Shiraz Charania

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$744.72

Notes

  1. 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. 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.

A portion of seats are temporarily held for domestic students. International students: this may impact your ability to register. Learn why.

}

11 seats available as of Feb 25, 2021 11:15 pm (PST). Of these 11, 7 are currently reserved for domestic students only. Availability may change at any time.

CRN 64381

Tue Jun 01 - Tue Aug 24 13 Weeks

Class Meeting Times

Dates Days Times Locations
Jun 01 - Aug 24 Tue 13:00 - 17:00 Online Delivery
See Notes below

Instructor

Shiraz Charania

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$754.72

Notes

  1. 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. 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.

A portion of seats are temporarily held for domestic students. International students: this may impact your ability to register. Learn why.

}

23 seats available as of Feb 25, 2021 11:15 pm (PST). Of these 23, 13 are currently reserved for domestic students only. Availability may change at any time.

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

FMGT 3110 is offered as a part of the following programs:

School of Business + Media

  1. Accounting
    Full-time   Diploma
  2. Accounting
    Part-time   Diploma
  3. Finance
    Full-time   Diploma
  4. Finance
    Part-time   Diploma
  5. Financial Management (Finance Option)
    Part-time   Certificate
  6. Financial Management (Professional Accounting Option)
    Part-time   Certificate
  7. Financial Planning
    Part-time   Diploma
  8. Professional Accounting
    Full-time/Part-time   Advanced Diploma

Books & Supplies

The BCIT bookstore carries textbooks, general reference books, software, and stationery. Please visit bcit.ca/bookstore for more information.

Winter 2021

Books for Winter 2021 offerings of this course are available in the following BCIT online bookstores. Please choose the bookstore appropriate for the offering you are considering.

BCIT Downtown Campus Bookstore

If you are taking this course at the BCIT Downtown Campus (DTC), please purchase books for this course at the BCIT Downtown Campus Bookstore.

Image not available
Cei Digital: Wileyplus Ng For Intermediate Accounting, 12 Ce Vol 1
Author Kieso
Copyright 2019
Binding Digital Version
ISBN 978-1-11949-654-0
Price $94.95
Choose One

Image not available
Intermediate Accounting, Vol 1 & 2 Ll W. Wileyplus Ng, 12Th Ce
Author Kieso
Copyright 2019
Binding Kit/Set/Package
ISBN 978-1-11965-042-3
Price $297.95
Choose One

Image not available
Intermediate Accounting, Vol 1 Ll W. Wileyplus Ng, 12Th Ce
Author Kieso
Copyright 2019
Binding Kit/Set/Package
ISBN 978-1-11949-651-9
Price $151.95
Choose One

Spring/Summer 2021

No information on books is currently available for Spring/Summer 2021 offerings of this course.

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