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

BCIT

FMGT 3110 - Financial Accounting 1

Financial Management Part-time Studies Course

School of Business

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

Credits

4.0

Cost

$715.87 - $723.01 See individual course offerings below for actual costs.

Fall 2018

Below are four offerings of this course for the Fall 2018 term.

CRN 30757

Tue Sep 04 - Mon Dec 17 14 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 04 - Dec 17 Mon 18:00 - 21:45 BBY SE06 Rm. 205

Instructor

Barb Fellnermayr

Course Outline

Cost

$723.01

Notes

  1. First class will run on Tuesday September 4th No class October 8 or November 12 due to stat holiday.

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

In Progress and Full

CRN 31290

Sat Sep 08 - Sat Dec 08 14 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 08 - Dec 08 Sat 09:00 - 12:45 BBY SW03 Rm. 3615

Instructor

Andy Chen

Course Outline

Cost

$723.01

Notes

  1. /

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

In Progress

CRN 30759

Wed Sep 12 - Wed Dec 12 14 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 12 - Dec 12 Wed 18:00 - 21:45 BBY SW01 Rm. 2045

Instructor

Michelle Miller

Course Outline

Cost

$723.01

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

In Progress

CRN 40993

Thu Sep 13 - Thu Dec 13 14 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 13 - Dec 13 Thu 09:00 - 12:45 DTC Rm. 840

Instructor

Ron McGregor

Course Outline

Cost

$715.87

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 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

  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

Books & Supplies

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

Fall 2018

Books for Fall 2018 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: Intermediate Accounting, Vol 1 W Etext & Wileyplus, 11Th Cdn
Author Kieso
Copyright 2017
Binding Digital Version
ISBN 978-1-11938-941-5
Price $95.50
Choose One

Image not available
Intermediate Accounting Vol 1 W. Wileyplus, 11Th Edition
Author Kieso
Copyright 2016
Binding Hardback
ISBN 978-1-11925-126-2
Price $147.95
Choose One

Image not available
Intermediate Accounting Vol 1 & 2 W/ Wileyplus Pkg
Author Kieso
Copyright 2016
Binding Kit/Set/Package
ISBN 978-1-11925-513-0
Price $245.95
Optional

Image not available
Intermediate Accounting Vol 1 Study Guide
Author Kieso
Copyright 2016
Binding Paperback
ISBN 978-1-11927-439-1
Price $49.50
Optional

BCIT Burnaby Bookstore

If you are taking this course, but are not taking it through either Distance Education or Online Learning, nor at the BCIT Downtown Campus (DTC), please purchase books for this course at the BCIT Burnaby Bookstore.

Image not available
Cei Digital: Intermediate Accounting, Vol 1 W Etext & Wileyplus, 11Th Cdn
Author Kieso
Copyright 2017
Binding Digital Version
ISBN 978-1-11938-941-5
Price $95.50
Choose One

Image not available
Intermediate Accounting Vol 1 W. Wileyplus, 11Th Edition
Author Kieso
Copyright 2016
Binding Hardback
ISBN 978-1-11925-126-2
Price $147.95
Choose One

Image not available
Intermediate Accounting Vol 1 & 2 W/ Wileyplus Pkg
Author Kieso
Copyright 2016
Binding Kit/Set/Package
ISBN 978-1-11925-513-0
Price $245.95
Optional

Image not available
Intermediate Accounting Vol 1 Study Guide
Author Kieso
Copyright 2016
Binding Paperback
ISBN 978-1-11927-439-1
Price $49.50
Optional

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