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.
Designed to give non-accounting majors an appreciation of the uses and limitations of cost and managerial accounting in the decision-making processes of an organization. Emphasis will be placed on identifying the relevance of this discipline to other functional areas: capital budgeting, production planning, cost minimization, contribution maximization, pricing and marketing policies. Concepts will be related to both manufacturing and knowledge-based, service business environments. Students will study a variety of analytical techniques that can be applied to financial and operational data to support management decisions.
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.
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.
Below is one offering of this course for the Spring/Summer 2021 term.
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 BE held on Monday, August 2nd (BC Day)
A portion of seats are temporarily held for domestic students.
International students: this may impact your ability to register.
31 seats available as of Feb 25, 2021 11:16 pm (PST). Availability may change at any time.
Upon successful completion, the student will be able to:
Describe why the manager needs management accounting information.
Identify and give examples of cost types and classifications according to differing management needs.
Prepare a cost of goods manufactured and cost of goods schedule.
Analyze a mixed cost, using the least-squares method.
Calculate the effect of a change in activity on both total and unit costs.
Prepare an income statement using the contribution margin approach.
Distinguish between process costing and job order costing, and identify companies that would use each method.
Compute and apply predetermined overhead rates.
Use a job-order costing system.
Explain the major differences between activity based costing and a traditional costing system.
Prepare all the components of a Master Budget (with emphasis on the Cash Budget).
Compute variances from standard cost and explain their significance.
Compute and evaluate relevant performance measures for controlling decentralized operations.
Compute the breakeven point and use CVP formulae to determine the activity level needed to achieve a desired net profit figure.
Prepare analysis and make recommendations in several typical business decision scenarios where relevant costs are at issue: whether to keep or replace old equipment, whether a product line or other organizational segment should be dropped or retained, whether a business should make-or-buy its products or components, whether a special order should be accepted, and what is the most profitable use of a constrained resource.
Determine the acceptability of an investment project using the net present value method, and other evaluation models commonly used to assess outlays on long-term projects.
Effective as of Fall 2015
FMGT 3224 is offered as a part of the following programs:
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