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

BCIT

FMGT 7121 - Advanced Accounting

Financial Management Part-time Studies Course

School of Business

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

$763.19

Fall 2018

Below are two offerings of this course for the Fall 2018 term.

CRN 32651

Mon Sep 10 - Mon Dec 10 13 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 10 - Dec 10 Mon 18:00 - 21:30 BBY SW01 Rm. 1021

Instructor

Terry Gordon

Course Outline

Cost

$763.19

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 ACCG 6110 with a final grade of 65% or Completion of FMGT 3110 and 4110 (or equivalent), with a minimum average grade of 65% and approval from the Department;this can be obtained by emailing at 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 NOTE: NO CLASS on Monday, October 8th, 2018 - Thanksgiving Day. Class will be held on Monday, November 12th, 2018 - Day in lieu of Remembrance Day

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

In Progress and Full

CRN 32650

Tue Sep 11 - Tue Dec 04 13 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 11 - Dec 04 Tue 18:00 - 21:30 BBY SE06 Rm. 114

Instructor

Paul Jeyakumar

Course Outline

Cost

$763.19

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 ACCG 6110 with a final grade of 65% or Completion of FMGT 3110 and 4110 (or equivalent), with a minimum average grade of 65% and approval from the Department;this can be obtained by emailing at 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 and full. Please check back next term or subscribe to receive email updates.

In Progress and Full

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

  1. Accounting
    Full-time/Part-time   Bachelor of Accounting
  2. Accounting
    Part-time   Diploma
  3. 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 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 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 Accounting In Canada (180 Days)
Author Hilton
Binding Digital Version
ISBN 978-1-25925-976-0
Price $69.00
Choose One

Image not available
Modern Advanced Accounting In Canada
Author Hilton
Publisher Mcg/Cn
Copyright 2016
Binding Paperback
ISBN 978-1-25908-755-4
Price $175.50
Choose One

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