British Columbia Institute of Technologywww.bcit.ca/study/courses/fmgt3210

Important Notice: COVID-19 Institute response

BCIT

FMGT 3210 - Cost/Managerial Accounting 1

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 emphasizes the following: role of the management accountant, cost concepts & terminology, job costing, cost-volume- profit- analysis, activity-based costing & activity-based management, budgeting and control, standard costs, variance analysis and income effects of alternative inventory costing methods. Cost and Managerial Accounting 1 will also demonstrate how to use financial information and various decision-making tools to make sound business decisions.

Prerequisite(s)

FMGT 2100 or FMGT 2105

Credits

4.0

Cost

$562.38 - $573.81 See individual course offerings below for actual costs.

Fall 2021

Below are three offerings of this course for the Fall 2021 term.

CRN 31291

Wed Sep 08 - Wed Dec 01 13 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 08 - Dec 01 Wed 17:30 - 20:30 DTC DTC Rm. 840

Instructor

Susan Stuart

Course Outline

Cost

$562.38

Notes

  1. 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 31292

Sat Sep 11 - Sat Dec 04 13 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 11 - Dec 04 Sat 09:00 - 12:00 BBY SW01 Rm. 2009

Instructor

Ron Messer

Course Outline

Cost

$573.81

Notes

  1. 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 30994

Mon Sep 13 - Mon Dec 06 13 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 13 - Oct 11 Mon 18:30 - 21:30 Online
Oct 18 Mon 18:30 - 21:30 Distance DTC Rm. 483
Oct 25 - Nov 29 Mon 18:30 - 21:30 Online
Dec 06 Mon 18:30 - 21:30 Distance DTC Rm. 483

Instructor

Susan Stuart

Course Outline

Cost

$573.81

Notes

  1. Internet delivery format.
  2. The following dates will be HELD IN CLASS: Midterm: October 18th & Final: December 6th. Class WILL be held on Monday, October 11th (Thanksgiving) 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.
  3. 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

Winter 2022

Below are three offerings of this course for the Winter 2022 term.

CRN 40004

Tue Jan 04 - Tue Apr 05 13 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 04 - Apr 05 Tue 18:00 - 21:00 Online

Instructor

Susan Stuart

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$573.81

Notes

  1. Internet delivery format.
  2. EXAMS AND MIDTERM DEBRIEFING WILL BE HELD IN-CLASS AT THE BURNABY CAMPUS. THESE WILL BE HOSTED ON A SCHEDULED TUESDAY. THE SPECIFIC DATES FOR THESE ARE TO BE ANNOUNCED. 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. Class WILL NOT be held on Tuesday, January 25th

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

}

This section is only available for registration starting Wed, Oct 27 at 9:00 am (PDT)

Sneak Preview

CRN 15276

Wed Jan 05 - Wed Mar 30 13 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 05 - Mar 30 Wed 17:30 - 20:30 DTC DTC Rm. 476

Instructor

Susan Stuart

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$562.38

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

}

This section is only available for registration starting Wed, Oct 27 at 9:00 am (PDT)

Sneak Preview

CRN 15545

Sat Jan 08 - Sat Apr 02 13 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 08 - Apr 02 Sat 09:00 - 12:00 Online

Instructor

Ron Messer

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$573.81

Notes

  1. Internet delivery format.
  2. Exams will be HELD IN-CLASS on the following dates at the Burnaby Campus: Midterm: February 12th Final: April 2nd 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.

}

This section is only available for registration starting Wed, Oct 27 at 9:00 am (PDT)

Sneak Preview

Learning Outcomes

Upon successful completion, the student will be able to:

  • Identify the roles of the management accountant in the organization's planning and control functions.
  • Prepare financial statements for a manufacturing organization.
  • Define and differentiate between a variety of terms used in cost and managerial accounting.
  • Distinguish between job-order, process costing and activity based costing systems with regard to the methods of accumulating costs.
  • Develop predetermined manufacturing overhead rates for application to jobs.
  • Illustrate the flow of costs through a job cost system.
  • Determine and implement alternative methods of dealing with under-or over-applied overhead.
  • Analyze the effects of changes in prices, volumes, and cost structures on organizational profitability and do sensitivity analysis of these relationships.
  • Complete all the budgets and supporting schedules required in the preparation of a master budget.
  • Apply the concepts of responsibility accounting to management evaluation and control.
  • Prepare performance reports incorporating flexible budgets.
  • Develop standard costs for direct materials, direct labour, variable and fixed overhead and compute the appropriate variances.
  • Evaluate and implement the decision of whether or not to investigate a variance.
  • Evaluate the effects of alternative methods of inventory-costing.
  • Evaluate the effects of alternative denominator activity levels in absorption costing.
  • Describe and implement alternative methods of disposing of variances at year end.

Effective as of Fall 2004

Related Programs

FMGT 3210 is offered as a part of the following programs:

School of Business + Media

  1. Accounting
    Full-time   Diploma
  2. Accounting
    Part-time   Diploma
  3. Advanced Business Management
    Part-time/Distance & Online Learning   Certificate
  4. Computerized Accounting
    Part-time   Associate Certificate
  5. Finance
    Full-time   Diploma
  6. Finance
    Part-time   Diploma
  7. Financial Management (Finance Option)
    Part-time   Certificate
  8. Financial Management (Professional Accounting Option)
    Part-time   Certificate
  9. Financial Planning
    Part-time   Diploma
  10. Financial Planning
    Full-time   Diploma

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Registration is currently open for the Fall 2021 term.

A sneak preview of Winter 2022 term courses is also now available here.

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

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