British Columbia Institute of


FMGT 5110 - Financial Accounting

Financial Management Part-time Studies Course

School of Business

Course Details

In this course students will study the conventional financial accounting system, learn to interpret accounting terminology, and gain an appreciation of the uses and limitations of financial statements. The course covers financial accounting procedures including; business transactions; adjustments and closing the books; merchandise operations; financial statements; ledger organization and special journals; forms of business organization; accounting principles; accounting for cash, accounts receivable, inventory, capital stock and capital assets; analysis of financial data and financial statements.





Winter 2019

Below is one offering of this course for the Winter 2019 term.

CRN 83566

Thu Jan 03 - Thu Apr 11 14 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 03 - Apr 11 Thu 17:30 - 20:30 DTC Rm. 689


Nerene Jansen van Rensburg

Course Outline

TBD – see Learning Outcomes in the interim




  1. This course is part of the Advanced Diploma in Business Management program, and cannot be used towards the completion of any other programs in the School of Business.

Learning Outcomes

Upon successful completion, the student will be able to:

  • Analyze basic business transactions using the accounting equation; analyze and record transactions for merchandise purchases and sales using a perpetual system.
  • Differentiate the steps in the accounting cycle and accrual accounting, and how it adds to the usefulness of financial statements; and prepare basic adjusting entries.
  • Calculate the cost of an inventory. Analyze the effect of inventory errors on current and future financial statements and compute the lower of cost or market value of inventory.
  • Justify why internal control procedures are needed in a large organization and assess the broad principles of internal control.
  • Estimate accounts receivable uncollectibles using methods based on sales and accounts receivable.
  • Calculate the cost and record the purchase of plant assets; calculate amortization by the straight-line, units-of-production and declining balance methods as well as account for the disposal of capital assets.
  • Categorize the different forms of business organization and outline the advantages, disadvantages and organization of corporations.
  • Evaluate the characteristics of common and preferred shares and distribute the dividends between common and preferred shares.
  • Assess earnings per share information.
  • Interpret the information contained on a cash flow statement.
  • Compute standard financial ratios used for decision making.

Effective as of Fall 2014

Books & Supplies

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

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
Horngren's Accounting Vol 1&2 W/ Mal Loose Leaf Version Pkg
Author Miller-Nobles
Publisher Ph
Copyright 2017
Binding Shrink Wrapped
ISBN 978-0-13463-363-3
Price $177.95


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Registration is now open for the Winter 2019 term.

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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.

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