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

Important Notice: COVID-19 Institute response

BCIT

FMGT 7121 - Advanced Accounting

Financial Management Part-time Studies Course

School of Business + Media

BCIT is planning for a substantial return to on-campus activity for the fall 2021 term as informed by BC Public Health Officer guidelines. Refer to each course listing for details.

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

$813.34

Fall 2021

Below are two offerings of this course for the Fall 2021 term.

CRN 32651

Mon Sep 13 - Mon Dec 13 13 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 13 - Dec 13 Mon 18:00 - 21:30 BBY SW01 Rm. 1021

Instructor

Terry Gordon

Course Outline

Cost

$813.34

Notes

  1. Departmental approval needed
  2. This class will be held virtually, with the exception of mandatory in person exams. This is a synchronous course, so students must be available to attend remotely through Zoom at the scheduled class times. Students must have a webcam and microphone. Exams will be held during class times IN PERSON at the Burnaby Campus. Specific exam dates are as follows: Midterm Exam: November 1, 2021 at 6:00 pm Final Exam: December 13, 2021 at 6:00 pm No class October 11 (Thanksgiving) 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 14 - Tue Dec 07 13 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 14 - Dec 07 Tue 18:00 - 21:30 BBY SW03 Rm. 4725

Instructor

Nadine Barrett

Course Outline

Cost

$813.34

Notes

  1. Departmental approval needed
  2. This class will be held virtually, with the exception of mandatory in person exams. This is a synchronous course, so students must be available to attend remotely through Zoom at the scheduled class times. Students must have a webcam and microphone. Exams will be held during class times IN PERSON at the Burnaby Campus. Specific exam dates are as follows: Midterm Exam: October 26, 2021 at 6:00 pm Final Exam: December 7, 2021 at 6:00 pm 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 2022

Below are two offerings of this course for the Winter 2022 term.

CRN 44452

Mon Jan 10 - Mon Apr 11 13 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 10 - Apr 11 Mon 18:00 - 21:30 BBY SW01 Rm. 1025

Instructor

Terry Gordon

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$813.34

Notes

  1. Departmental approval needed
  2. Class WILL BE HELD February 21 (Family Day). No class March 14 (BCIT Spring Break). This class will be held virtually, with the exception of a mandatory in person final exam. This is a synchronous course, so students must be available to attend remotely through Zoom at the scheduled class times. Students must have a webcam and microphone. Exams will be held during class time IN PERSON at the Burnaby Campus. Specific exam dates will be released in the future. 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

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

}

This section is only available for registration starting Wed, Oct 27 at 9:00 am (PDT)

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CRN 44453

Tue Jan 11 - Tue Apr 12 13 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 11 - Apr 12 Tue 18:00 - 21:30 BBY SE06 Rm. 204

Instructor

Nadine Barrett

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$813.34

Notes

  1. Departmental approval needed
  2. No class March 15 (BCIT Spring Break). 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

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

}

This section is only available for registration starting Wed, Oct 27 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
    Full-time/Part-time   Advanced Diploma

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Registration is currently open for the Fall 2021 term.

A sneak preview of Winter 2022 term courses is also now available here.

Students may register for Winter 2022 term courses online or by phone starting Wed, Oct 27 at 9:00 am (PDT).

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