British Columbia Institute of Technologywww.bcit.ca/study/courses/fmgt7121

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BCIT

FMGT 7121 - Advanced Accounting

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

Building on technical skills and knowledge covered in earlier accounting courses, this course focuses on complex accounting topics. Its primary focus is on accounting for long-term, inter-corporate equity investments under International Financial Reporting Standards and Accounting Standards for Private Enterprises. Other topics covered include accounting for foreign currency transactions, translation and consolidation of foreign currency financial statements, and accounting standards pertaining to not-for-profit and public sector organizations. This course qualifies as a prerequisite for entrance into the Chartered Professional Accountant (CPA) Professional Education Program (PEP).

Prerequisite(s)

Completion of ACCG 6110 with a final grade of 65% or completion of FMGT 3110 and FMGT 4110 with a minimum average grade of 65%.

Credits

3.0

Cost

$796.52

Fall 2020

Below are two offerings of this course for the Fall 2020 term.

CRN 32651

Mon Sep 14 - Mon Dec 14 13 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 14 - Dec 14 Mon 18:00 - 21:30 BBY Online Delivery

Instructor

Terry Gordon

Course Outline

Cost

$796.52

Notes

  1. Departmental approval needed
  2. THIS IS A DEGREE LEVEL COURSE FOR THE BACHELOR OF ACCOUNTING. Please note the following registration guidelines: 1. Acceptance into the Bachelor of Accounting Program OR 2. Completion of FMGT 3110 and 4110 (or equivalent), with a minimum average grade of 65% and approval from the Department. For approval, please send an email with your BCIT student ID number and a brief explanation of why you wish to register to Bachelor_accounting@bcit.ca. This course fulfills the CPA prerequisite for Module 5.3 Advanced Financial Accounting. www.bccpa.ca/CpaBc/media/CPABC/Become%20A%20CPA/prerequisites/BCIT_CPA-Course-Sheets.pdf

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

In Progress

CRN 32650

Tue Sep 15 - Tue Dec 08 13 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 15 - Dec 08 Tue 18:00 - 21:30 BBY Online Delivery

Instructor

Nadine Barrett

Course Outline

Cost

$796.52

Notes

  1. Departmental approval needed
  2. THIS IS A DEGREE LEVEL COURSE FOR THE BACHELOR OF ACCOUNTING. Please note the following registration guidelines: 1. Acceptance into the Bachelor of Accounting Program OR 2. Completion of FMGT 3110 and 4110 (or equivalent), with a minimum average grade of 65% and approval from the Department. For approval, please send an email with your BCIT student ID number and a brief explanation of why you wish to register to Bachelor_accounting@bcit.ca. This course fulfills the CPA prerequisite for Module 5.3 Advanced Financial Accounting. www.bccpa.ca/CpaBc/media/CPABC/Become%20A%20CPA/prerequisites/BCIT_CPA-Course-Sheets.pdf

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

In Progress

Winter 2021

Below is one offering of this course for the Winter 2021 term.

CRN 44452

Mon Jan 04 - Mon Apr 19 13 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 11 - Apr 19 Mon 18:00 - 21:30 Online Delivery
See Notes below

Instructor

Terry Gordon

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$796.52

Notes

  1. Departmental approval needed
  2. This is a degree level course for the Bachelor of Accounting program. Those who have not been formally accepted into the program will require department approval prior to registration. For approval, please send an email to bachelor_accounting@bcit.ca with your BCIT student ID number and a brief explanation of why you wish to register in the course. This course fulfills the CPA prerequisite for Advanced Financial Reporting. For details, please visit https://www.bccpa.ca/getmedia/ef6720c7-05f5-4c35-bc26-ef935b1a8753/Transfer-Credit-Guide_BC.pdf Class WILL BE HELD Feb 15 (Family Day). No class Mar 15 (BCIT Spring Break) or Apr 5 (Easter Monday). This is not a self-paced course. You will be expected to be available and online on the posted days and times shown on your registration schedule. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date.
  3. Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.

A portion of seats are temporarily held for domestic students. International students: this may impact your ability to register. Learn why.

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This section is only available for registration starting Wed, Oct 28 at 9:00 am (PDT)

Sneak Preview

Learning Outcomes

Upon successful completion of this course the student will be able to:

  • Analyze inter-corporate investment transactions and determine the correct accounting treatment for the investment.
  • Identify and apply the appropriate accounting standards relevant to the following:
    • Passive investments (fair value methods)
    • Investments in associates and joint ventures (equity method)
    • Business combinations (consolidation)
  • Prepare consolidated financial statements appropriately dealing with such complexities as:
    • Intercompany revenues, expenses and balances
    • Unrealized intercompany profits pertaining to intercompany asset transfers
    • Non-wholly owned subsidiaries
  • Apply the accounting standards applicable to foreign currency transactions, hedge accounting, and the translation and consolidation of financial statements denominated in foreign currencies.
  • Identify and discuss accounting standards and issues that are unique to not-for-profit and public sector organizations.
  • Prepare financial statements of not-for-profit organizations using both the deferral and restricted funds methods.

Effective as of Fall 2016

Related Programs

FMGT 7121 is offered as a part of the following programs:

School of Business + Media

  1. Accounting
    Full-time/Part-time   Bachelor of Accounting
  2. Professional Accounting
    Part-time   Advanced Diploma

Books & Supplies

The BCIT bookstore carries textbooks, general reference books, software, and stationery. Please visit bcit.ca/bookstore 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: Modern Advanced Acctg In Canada, 9Th Ed Connect/Smartbook (1Yr )
Author Hilton
Copyright 2019
Binding Digital Version
ISBN 978-1-26030-528-9
Price $93.95
Choose One

Modern Advanced Accounting In Canada W. Connect, 9Th Ed
Author Hilton
Copyright 2019
Binding Kit/Set/Package
ISBN 978-1-26030-581-4
Price $179.95
Choose One

Winter 2021

No information on books is currently available for Winter 2021 offerings of this course.

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Registration News

Registration is currently open for the Fall 2020 term.

A sneak preview of Winter 2021 term courses is also now available here.

Students may register for Winter 2021 term courses online or by phone starting Wed, Oct 28 at 9:00 am (PDT).

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