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

$723.31 - $736.98 See individual course offerings below for actual costs.

Fall 2018

Below is one offering of this course for the Fall 2018 term.

CRN 31293

Tue Sep 11 - Tue Dec 11 14 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 11 - Dec 11 Tue 18:00 - 21:45 BBY SE06 Rm. 207

Instructor

Ron McGregor

Course Outline

Cost

$723.31

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

In Progress

Winter 2019

Below are two offerings of this course for the Winter 2019 term.

CRN 10237

Thu Jan 03 - Thu Apr 04 14 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 03 - Apr 04 Thu 17:30 - 21:15 DTC Rm. 385

Instructor

Trevor Jang

Course Outline

Cost

$729.84

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 full. Please check back next term or subscribe to receive email updates.

Full

CRN 10239

Mon Jan 07 - Mon Apr 15 14 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 07 - Apr 15 Mon 18:00 - 21:45 BBY NE01 Rm. 404

Instructor

Ron Messer

Course Outline

Cost

$736.98

Notes

  1. Class WILL NOT be held Monday, Feb. 18th (Family Day)

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

Full

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.

Fall 2018

Books for Fall 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
Cei Digital: Intermediate Accounting, Vol 2 Etext W Wileyplus, 11 Cdn Ed
Author Kieso
Copyright 2016
Binding Digital Version
ISBN 978-1-11938-940-8
Price $95.50
Choose One

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
Choose One

Image not available
Intermediate Accounting Vol 2 Study Guide
Author Kieso
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
Cei Digital: Intermediate Accounting, Vol 2 Etext W Wileyplus, 11 Cdn Ed
Author Kieso
Copyright 2016
Binding Digital Version
ISBN 978-1-11938-940-8
Price $95.50
Choose One

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

Intermediate Accounting Vol 2 Study Guide
Author Kieso
Copyright 2016
Binding Paperback
ISBN 978-1-11927-442-1
Price $49.50
Optional

Winter 2019

Books for Winter 2019 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
Cei Digital: Intermediate Accounting, Vol 2 Etext W Wileyplus, 11 Cdn Ed
Author Kieso
Copyright 2016
Binding Digital Version
ISBN 978-1-11938-940-8
Price $95.50
Choose One

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
Choose One

Image not available
Intermediate Accounting Vol 2 Study Guide
Author Kieso
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
Cei Digital: Intermediate Accounting, Vol 2 Etext W Wileyplus, 11 Cdn Ed
Author Kieso
Copyright 2016
Binding Digital Version
ISBN 978-1-11938-940-8
Price $95.50
Choose One

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

Intermediate Accounting Vol 2 Study Guide
Author Kieso
Copyright 2016
Binding Paperback
ISBN 978-1-11927-442-1
Price $49.50
Optional

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