- International Fees
International fees are typically 3.25 times the domestic tuition. Exact cost will be calculated upon completion of registration.
Course Overview
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.
Domestic fees
$836.31 - $850.97 See individual course offerings below for actual costs.
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
Financial Accounting 1 (FMGT 3110) is offered as a part of the following programs:
- Indicates programs accepting international students.
School of Business + Media
- Accounting
Diploma Full-time
- Accounting
Diploma Part-time
- Finance
Diploma Part-time
- Financial Management (Finance Option)
Certificate Part-time
- Financial Management (Professional Accounting Option)
Certificate Part-time
- Financial Planning
Diploma Part-time
- Professional Accounting
Advanced Diploma Full-time/Part-time
Course Offerings
Fall 2025
Below are four offerings of FMGT 3110 for the Fall 2025 term.
CRN 30759
Dates
Sep 03 - Dec 10 Loading
- CRN 30759
- $850.97 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 03 | Wed | 18:00 - 22:00 | Burnaby NE23 Rm. 101 |
| Sep 10 | Wed | 18:00 - 22:00 | Online |
| Sep 17 | Wed | 18:00 - 22:00 | Burnaby NE23 Rm. 101 |
| Sep 24 - Oct 01 | Wed | 18:00 - 22:00 | Online |
| Oct 08 | Wed | 18:00 - 22:00 | Burnaby NE23 Rm. 101 |
| Oct 15 | Wed | 18:00 - 22:00 | Burnaby SE06 Rm. 207 |
| Oct 22 | Wed | 18:00 - 22:00 | Burnaby NE23 Rm. 101 |
| Oct 29 - Nov 05 | Wed | 18:00 - 22:00 | Online |
| Nov 12 | Wed | 18:00 - 22:00 | Burnaby NE23 Rm. 101 |
| Nov 19 - Dec 03 | Wed | 18:00 - 22:00 | Online |
| Dec 10 | Wed | 18:00 - 22:00 | Burnaby SE06 Rm. 207 |
Duration
15 weeks
Instructor
Michelle Miller
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.
- The following dates will be HELD IN-CLASS at the Burnaby Campus and are MANDATORY: September 3 and 17, October 8 and 22 and November 12. Midterm: October 10, 2025, and Final: December 10, 2025. 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
CRN 30757
Dates
Sep 04 - Dec 15 Loading
- CRN 30757
- $850.97 Domestic fees
Class meeting times
Duration
15 weeks
Instructor
Barbara Fellnermayr
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 Monday, September 1st (Labor Day), and Monday, October 13th (Thanksgiving). First class will be held on Thursday, September 4th (18:00 – 22:00) at the Burnaby campus.
Status
CRN 40993
Dates
Sep 04 - Dec 11 Loading
- CRN 40993
- $836.31 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 04 - Dec 11 | Thu | 17:30 - 21:30 | Downtown DTC Rm. 483 |
Duration
15 weeks
Instructor
Israr Rahimi
Course outline
Important information
- International fees are typically 3.25 times the domestic tuition. Exact cost will be calculated upon completion of registration.
Status
CRN 31290
Dates
Sep 06 - Dec 13 Loading
- CRN 31290
- $850.97 Domestic fees
Class meeting times
Duration
15 weeks
Instructor
Sue Tsiang
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.
Status
Winter 2026
Below are four offerings of FMGT 3110 for the Winter 2026 term.
CRN 15544
Dates
Jan 03 - Apr 11 Loading
- CRN 15544
- $850.97 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Jan 03 - Apr 11 | Sat | 09:00 - 13:00 | Burnaby NE01 Rm. 216 |
Duration
15 weeks
Instructor
Trevor Jang
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- International fees are typically 3.25 times the domestic tuition. Exact cost will be calculated upon completion of registration.
Status
CRN 12991
Dates
Jan 05 - Apr 27 Loading
- CRN 12991
- $836.31 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Jan 05 - Apr 27 | Mon | 17:30 - 21:30 | Downtown DTC Rm. 385 |
Duration
15 weeks
Instructor
Sue Tsiang
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important 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 Monday, February 16th (Family Day), and Monday, April 6th (Easter Monday).
Status
CRN 14878
Dates
Jan 06 - Apr 14 Loading
- CRN 14878
- $850.97 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Jan 06 | Tue | 18:00 - 22:00 | Burnaby SW01 Rm. 2004 |
| Jan 13 - Jan 20 | Tue | 18:00 - 22:00 | Online |
| Jan 27 | Tue | 18:00 - 22:00 | Burnaby SW01 Rm. 2004 |
| Feb 03 - Feb 10 | Tue | 18:00 - 22:00 | Online |
| Feb 17 | Tue | 18:00 - 22:00 | Burnaby SW01 Rm. 2030 |
| Feb 24 - Mar 03 | Tue | 18:00 - 22:00 | Burnaby SW01 Rm. 2004 |
| Mar 10 | Tue | 18:00 - 22:00 | Online |
| Mar 17 | Tue | 18:00 - 22:00 | Burnaby SW01 Rm. 2004 |
| Mar 24 - Apr 07 | Tue | 18:00 - 22:00 | Online |
| Apr 14 | Tue | 18:00 - 22:00 | Burnaby SW01 Rm. 2030 |
Duration
15 weeks
Instructor
Michelle Miller
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important 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: January 6 and 27, February 24, March 3 and 17. Midterm: February 17, 2026 and Final: April 14, 2026. 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
CRN 15272
Dates
Jan 07 - Apr 15 Loading
- CRN 15272
- $850.97 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Jan 07 | Wed | 18:00 - 22:00 | Burnaby NE25 Rm. 115 |
| Jan 14 - Jan 21 | Wed | 18:00 - 22:00 | Online |
| Jan 28 | Wed | 18:00 - 22:00 | Burnaby NE25 Rm. 115 |
| Feb 04 - Feb 11 | Wed | 18:00 - 22:00 | Online |
| Feb 18 | Wed | 18:00 - 22:00 | Burnaby SW01 Rm. 1021 |
| Feb 25 | Wed | 18:00 - 22:00 | Burnaby SW01 Rm. 1021 |
| Mar 04 | Wed | 18:00 - 22:00 | Burnaby NE25 Rm. 115 |
| Mar 11 | Wed | 18:00 - 22:00 | Online |
| Mar 18 | Wed | 18:00 - 22:00 | Burnaby NE25 Rm. 115 |
| Mar 25 - Apr 08 | Wed | 18:00 - 22:00 | Online |
| Apr 15 | Wed | 18:00 - 22:00 | Burnaby SW01 Rm. 1021 |
Duration
15 weeks
Instructor
Michelle Miller
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important 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: January 7 and 28, Mar 4 and 18 Mid-Term Exam: February 18, 2026 (18:00 - 22:00), midterm debrief: February 25, 2026 (18:00 - 22:00) Final Exam: April 15, 2026 (18:00 - 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.