British Columbia Institute of

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FMGT 3224 - Managerial Accounting (OPMT)

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

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.


FMGT 2100





Fall 2020

Below is one offering of this course for the Fall 2020 term.

CRN 45527

Thu Sep 10 - Thu Dec 03 13 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 10 - Dec 03 Thu 18:15 - 21:30 BBY Online Delivery


Tim Edwards

Course Outline



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

In Progress

Learning Outcomes

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.
  • Prepare performance reports incorporating flexible budgets.
  • 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

Related Programs

FMGT 3224 is offered as a part of the following programs:

School of Business + Media

  1. Business Administration (General Option)
    Part-time   Diploma
  2. Business Administration (Global Studies Option)
    Part-time   Diploma
  3. Business Administration (Human Resources Option)
    Part-time   Diploma
  4. Business Administration (Management Option)
    Part-time   Diploma
  5. Business Administration (Marketing Option)
    Part-time   Diploma
  6. Business Operations Management
    Full-time   Diploma
  7. Computerized Accounting
    Part-time   Associate Certificate

Books & Supplies

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

Fall 2020

Books for Fall 2020 offerings of this course are available in the following BCIT online bookstores. Please choose the bookstore appropriate for the offering you are considering.

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: Mylab Accounting W Etext For Managerial Accounting, 4Th Ce
Author Braun
Publisher Ph
Copyright 1921
Binding Digital Version
ISBN 978-0-13544-358-3
Price $99.95
Choose One

Image not available
Managerial Accounting W Mylab Accounting + Etext, 4Th Ce
Author Braun
Publisher Ph
Copyright 1921
Binding Kit/Set/Package
ISBN 978-0-13544-344-6
Price $194.95
Choose One


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Contact Information

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