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

Winter 2021

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

CRN 44452

Mon Jan 11 - 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

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.

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

In Progress and Full

Spring/Summer 2021

Below are two offerings of this course for the Spring/Summer 2021 term.

CRN 29864

Tue Apr 20 - Tue Jul 13 13 Weeks

Class Meeting Times

Dates Days Times Locations
Apr 20 - Jul 13 Tue 18:00 - 21:30 Online Delivery
See Notes below

Instructor

Nadine Barrett

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
  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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8 seats available as of Feb 26, 2021 12:03 am (PST). Of these 8, 3 are currently reserved for domestic students only. Availability may change at any time.

CRN 62476

Thu Apr 22 - Thu Jul 15 13 Weeks

Class Meeting Times

Dates Days Times Locations
Apr 22 - Jul 15 Thu 18:00 - 21:30 Online Delivery
See Notes below

Instructor

Nadine Barrett

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 July 1 (Canada Day).

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

}

25 seats available as of Feb 26, 2021 12:03 am (PST). Of these 25, 18 are currently reserved for domestic students only. Availability may change at any time.

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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