British Columbia Institute of Technologywww.bcit.ca/study/courses/fmgt4110

BCIT

FMGT 4110 - Financial Accounting 2

Financial Management Part-time Studies Course

School of Business

Course Details

This is the second of two courses in intermediate accounting designed to prepare the student to enter a professional accounting program at the intermediate level. FMGT 4110 covers significant aspects of the liabilities and equity section of the balance sheet, and the related income statement accounts. Both International Financial Reporting Standards (IFRS) and Private Enterprise GAAP (PE GAAP) will be examined.

Prerequisite(s)

FMGT 3110

Credits

5.5

Cost

$715.62 - $721.33 See individual course offerings below for actual costs.

Winter 2018

Below are five offerings of this course for the Winter 2018 term.

CRN 11271

Start any time

This is a distance learning course. Start any time. You have 30 weeks from the date you register to complete this course.

Instructor

Nadine Barrett

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$721.33

Notes

  1. Correspondence format.
  2. ***IMPORTANT PLEASE READ*** THIS COURSE MAY NOT BE AUDITED You MUST purchase both the textbook AND the assignment & information package in order to proceed. This can be done in person at the BCIT Burnaby bookstore or online at www.bcitbookstore.ca/distance/ Mandatory prerequisites: FMGT 1100, FMGT 2100 and FMGT 3110.
  3. Important course information will be sent to you immediately after registering. Check your myBCIT email account to access this information.

CRN 11272

Start any time

This is a distance learning course. Start any time. You have 24 weeks from the date you register to complete this course.

Instructor

Nadine Barrett

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$90.59

Notes

  1. Available for re-registration (course extension) only.
  2. Departmental approval needed
  3. This section is for current FMGT 4110 correspondence students that require an additional 24 weeks to complete their course. This is a one time option only. Contact ruth_mackay@bcit.ca for approval.
  4. Important course information will be sent to you immediately after registering. Check your myBCIT email account to access this information.

CRN 47587

Wed Jan 03 - Wed Apr 04 14 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 03 - Apr 04 Wed 18:00 - 21:45 BBY SW01 Rm. 3170

Instructor

Trevor Jang

Course Outline

Cost

$721.33

This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.

In Progress

CRN 10237

Thu Jan 04 - Thu Apr 05 14 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 04 - Apr 05 Thu 17:30 - 21:15 DTC Rm. 410

Instructor

Trevor Jang

Course Outline

Cost

$715.62

Notes

  1. Due to high volume at the Downtown Campus during term start, students are advised to purchase their textbook at either the Burnaby or Downtown Campus prior to the first class.

This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.

In Progress

CRN 10239

Tue Jan 09 - Tue Apr 10 14 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 09 - Apr 10 Tue 18:00 - 21:45 BBY SE06 Rm. 205

Instructor

Ron Messer

Course Outline

Cost

$721.33

This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.

In Progress

Spring/Summer 2018

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

CRN 23139

Wed Apr 11 - Wed Jul 11 14 Weeks

Class Meeting Times

Dates Days Times Locations
Apr 11 - Jul 11 Wed 18:00 - 21:45 BBY SE06 Rm. 204

Instructor

Ron McGregor

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$721.33

This section is only available for registration starting Wed, Feb 21 at 9:00 am (PST)

Sneak Preview

CRN 54355

Tue Apr 17 - Tue Jul 17 14 Weeks

Class Meeting Times

Dates Days Times Locations
Apr 17 - Jul 17 Tue 17:30 - 21:15 DTC Rm. 688

Instructor

Ron Messer

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$715.62

Notes

  1. Please note that due to high volume at the downtown campus at term start, students are advised to purchase their textbooks prior to the first lecture at either the Burnaby or downtown campus bookstores.

This section is only available for registration starting Wed, Feb 21 at 9:00 am (PST)

Sneak Preview

CRN 21380

Thu Jun 07 - Mon Jul 30 8 Weeks

Class Meeting Times

Dates Days Times Locations
Jun 07 - Jul 30 Mon/Thu 18:00 - 21:45 BBY SE06 Rm. 206

Instructor

Ron McGregor

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$721.33

Notes

  1. No class July 2nd

This section is only available for registration starting Wed, Feb 21 at 9:00 am (PST)

Sneak Preview

Learning Outcomes

Upon successful completion of this 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.
  • Distinguish financial and non-financial liabilities; identify more common current liabilities; apply standards in recognition of non-financial liabilities.
  • Identify primary sources of long term financing and apply measurement and reporting of issuing, maintaining and pre-mature redemption of bonds.
  • Identify and account for multiple types of capital transactions and classifications that comprise Shareholders’ Equity.
  • Identify and value financial instruments that comprise both debt and equity components and the disposition of each component; reinforcing the notion of substance over legal form in financial reporting.
  • Differentiate between various forms of derivative instruments.
  • Identify the conditions for and fundamentally apply Hedge Accounting.
  • Apply share-based compensation arrangements.
  • Calculate and present basic and diluted earnings per share.
  • Understand the primary components comprising the overall income tax provision (expense) determination; the reconciliation of accounting to taxable income; the identification of permanent and temporary differences in tax/accounting recognition and determination of deferred tax balances arising from temporary differences and the impact of calculating the overall tax provision.
  • Handling the identification and recognition of tax losses.
  • Intra-period tax allocation in the Statement of Comprehensive Income presentation.
  • Apply the fundamental defined benefit pension model; develop the pension expense and related entry; apply related note disclosure.
  • Outline the purpose of leases, the requirements for capitalization by the lessee and the variant reporting treatments reflecting the underlying lease agreement; guaranteed residual value, bargain purchase option; sale-leaseback arrangements on the part of the lessee and sales-type leases. Understand the implications of IFRS16 effective January 1, 2019.
  • Develop and apply leases reporting on the part of the lessor; distinguish direct financing and sales-type leases.
  • Apply the guidance for accounting changes; changes in estimates, changes in accounting policies and material prior period errors. Prepare restated comparative Statement of Retained Earnings.
  • Preparation and disclosures of Statement of Cash Flows under both direct and indirect operations formats at an advanced level, incorporating topics throughout this course and prior accounting courses.
  • Discuss significant other reporting issues; Note Disclosures, Interim and Segmented Reporting, Subsequent Events, Related Party Transactions.

Effective as of Winter 2017

Related Programs

FMGT 4110 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.

Winter 2018

Books for Winter 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
Intermediate Accounting Vol 2 W. Wileyplus, 11Th Edition
Author Kieso
Copyright 2016
Binding Hardback
ISBN 978-1-11925-127-9
Price $147.95
Required

Image not available
Intermediate Accounting, 11th Canadian Edition, Volume 2 Study Guide
Author Donald E. Kieso
Publisher Wiley
Copyright 2016
Binding Paperback
ISBN 978-1-11927-442-1
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
Intermediate Accounting Vol 2 W. Wileyplus, 11Th Edition
Author Kieso
Copyright 2016
Binding Hardback
ISBN 978-1-11925-127-9
Price $147.95
Required

Image not available
Intermediate Accounting, 11th Canadian Edition, Volume 2 Study Guide
Author Donald E. Kieso
Publisher Wiley
Copyright 2016
Binding Paperback
ISBN 978-1-11927-442-1
Price $49.50
Optional

Spring/Summer 2018

No information on books is currently available for Spring/Summer 2018 offerings of this course.

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Registration News

Registration is currently open for the Winter 2018 term.

A sneak preview of Spring/Summer 2018 term courses is also now available here.

Students may register for Spring/Summer 2018 term courses online, by phone, mail or in-person starting Wed, Feb 21 at 9:00 am (PST).

Classroom Locations

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

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