British Columbia Institute of


FMGT 3224 - Managerial Accounting (OPMT)

Financial Management Part-time Studies Course

School of Business

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





Spring/Summer 2018

Below are two offerings of this course for the Spring/Summer 2018 term.

CRN 24480

Mon Jun 11 - Mon Jul 16 6 Weeks

Class Meeting Times

Dates Days Times Locations
Jun 11 - Jul 16 Mon/Thu 18:00 - 22:00 BBY SW01 Rm. 2016


Michelle Miller

Course Outline




  1. Class will not be held on July 2nd. Students are required to pre-read Chapters 1 and 2 before the first class.

Four seats remaining as of May 24, 2018 10:21 am PDT. Seats remaining may change at any time prior to registration and payment.

CRN 65528

Mon Jun 11 - Mon Jul 16 5 Weeks

Class Meeting Times

Dates Days Times Locations
Jun 11 - Jul 16 Mon/Thu 09:00 - 13:00 BBY SW01 Rm. 2020


Tracey Oh

Course Outline

TBD – see Learning Outcomes in the interim




  1. Class will NOT be held on Monday, July 2nd (in lieu of Canada Day)

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

  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.

Spring/Summer 2018

Books for Spring/Summer 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 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.

Managerial Accounting, Third Canadian Edition Plus NEW MyLab Accounting with Pearson eText -- Access Card Package (3rd Edition)
Author Karen W. Braun, Wendy M. Tietz, Louis Beaubien
Publisher Pearson Canada
Copyright 2018
Binding Kit/Set/Package
ISBN 978-0-13452-627-0
Price $159.95


Interested in being notified about future offerings of FMGT 3224 - Managerial Accounting (OPMT)? If so, fill out the information below and we'll notify you by email when courses for each new term are displayed here.

Contact Information

Suggest course days and times

If you are interested in taking this course on-campus (classroom delivery only) and would like to see it offered on specific days and/or at specific times, please indicate your preferences below. Day and time suggestions are not applicable to online courses.

The personal information on this form is collected under the authority of the College and Institute Act (RSBC 1996, Ch.52). BCIT will use this information to communicate with you regarding relevant BCIT programs, courses and services. This information is only used by authorized BCIT staff. Email communication sent to and from BCIT is routed through the United States of America. If you have any questions about BCIT's collection and use of this information, please contact BCIT’s manager of Information Access and Privacy.

Programs and courses are subject to change without notice.

Find Courses

Payment Changes At BCIT

We've changed the way we accept payments.

Find out more

Course Navigation, Related Links & Tools

Registration News

Registration is currently open for the Spring/Summer 2018 term.

The sneak preview for the Fall 2018 term starts Fri, May 25 at 8:30 am (PDT).

Students may register for Fall 2018 term courses online, by phone, mail or in-person starting Wed, May 30 at 9:00 am (PDT).

Classroom Locations

Classroom locations are subject to last minute changes. Please check the Part-time Studies Classroom Locations listing at on the first day of any course you are registered for.

Part-time Studies Financial Aid

Will you be studying at BCIT part-time? Do you need assistance funding your studies? Find out if you qualify for Part-time Studies financial aid ›