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

Important Notice: Weather Update: Feb 25, 5:30 am - BCIT is OPEN

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

$755.05 - $760.76 See individual course offerings below for actual costs.

Winter 2018

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

CRN 44452

Mon Jan 08 - Mon Apr 23 13 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 08 - Apr 23 Mon 18:00 - 21:30 BBY SW01 Rm. 1025

Instructor

Terry Gordon

Course Outline

Cost

$760.76

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 witth a final grade of 65% or Completion of FMGT 3110 and 4110 (or equivalent), with minimum average grade of 65% and approval from the Department by emailing at rbrar@bcit.ca. This course fulfills the CPA prerequisite for Advanced Financial Accounting. https://www.bccpa.ca/CpaBc/media/CPABC/Become%20A%20CPA/prerequisites/BCIT_CPA-Course-Sheets.pdf NOTE: No Class on February 12th - BC Family Day; No Class on March 12th - BCIT Spring Break; No class on April 2nd - Easter Monday.

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

CRN 44453

Thu Jan 11 - Thu Apr 12 13 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 11 - Apr 12 Thu 18:00 - 21:30 DTC

Instructor

TBD

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$755.05

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 witth a final grade of 65% or Completion of FMGT 3110 and 4110 (or equivalent), with minimum average grade of 65% and approval from the Department by emailing at rbrar@bcit.ca. This course fulfills the CPA prerequisite for Advanced Financial Accounting. https://www.bccpa.ca/CpaBc/media/CPABC/Become%20A%20CPA/prerequisites/BCIT_CPA-Course-Sheets.pdf NOTE: NO CLASS on Thursday, March 15th (BCIT Spring Break)

This course offering has been cancelled. Please check this page for other currently available offerings or subscribe to receive email updates.

Cancelled

Spring/Summer 2018

Below are two offerings of this course for the Spring/Summer 2018 term.

CRN 29864

Tue Apr 17 - Tue Jul 10 13 Weeks

Class Meeting Times

Dates Days Times Locations
Apr 17 - Jul 10 Tue 18:00 - 21:30 BBY SE06 Rm. 112

Instructor

Paul Jeyakumar

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$760.76

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 witth a final grade of 65% or Completion of FMGT 3110 and 4110 (or equivalent), with minimum average grade of 65% and approval from the Department by emailing at rbrar@bcit.ca. This course fulfills the CPA prerequisite for Advanced Financial Accounting. https://www.bccpa.ca/CpaBc/media/CPABC/Become%20A%20CPA/prerequisites/BCIT_CPA-Course-Sheets.pdf

CRN 62476

Mon May 28 - Mon Jul 09 7 Weeks

Class Meeting Times

Dates Days Times Locations
May 28 - Jul 09 Mon/Wed 12:30 - 16:00 BBY SE06 Rm. 108

Instructor

Nadine Barrett

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$760.76

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 minimum average grade of 65% and special approval from the Department; this can be obtained by emailing at rbrar@bcit.ca. This course fulfills the CPA prerequisite for Advanced Financial Accounting. www.bccpa.ca/CpaBc/media/CPABC/Become%20A%20CPA/prerequisites/BCIT_CPA-Course-Sheets.pdf This course is not intended for students who plan on completing the Bachelor of Accounting program on a full-time basis. Note: Class will be held on July 2nd (Day Lieu of Canada Day).

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.

Winter 2018

Books for Winter 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 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.

Modern Advanced Accounting in Canada
Author Murray W. Hilton, Darrell Herauf
Publisher McGraw-Hill Ryerson
Copyright 2016
Binding Paperback
ISBN 978-1-25908-755-4
Price $175.50
Required

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.

Modern Advanced Accounting in Canada
Author Murray W. Hilton, Darrell Herauf
Publisher McGraw-Hill Ryerson
Copyright 2016
Binding Paperback
ISBN 978-1-25908-755-4
Price $175.50
Required

Spring/Summer 2018

No information on books is currently available for Spring/Summer 2018 offerings of this course.

Subscribe

Interested in being notified about future offerings of FMGT 7121 - Advanced Accounting? If so, fill out the information below and we'll notify you by email when courses for each new term are displayed here.

Contact Information

Suggest course days and times

If you are interested in taking this course on-campus (classroom delivery only) and would like to see it offered on specific days and/or at specific times, please indicate your preferences below. Day and time suggestions are not applicable to online courses.

The personal information on this form is collected under the authority of the College and Institute Act (RSBC 1996, Ch.52). BCIT will use this information to communicate with you regarding relevant BCIT programs, courses and services. This information is only used by authorized BCIT staff. Email communication sent to and from BCIT is routed through the United States of America. If you have any questions about BCIT's collection and use of this information, please contact BCIT’s manager of Information Access and Privacy.

Programs and courses are subject to change without notice.

Find Courses

Payment Changes At BCIT

We've changed the way we accept payments.

Find out more

Course Navigation, Related Links & Tools

Registration News

Registration is now open for the Spring/Summer 2018 term.

Classroom Locations

Classroom locations are subject to last minute changes. Please check the Part-time Studies Classroom Locations listing at www.bcit.ca/rooms on the first day of any course you are registered for.

Part-time Studies Financial Aid

Will you be studying at BCIT part-time? Do you need assistance funding your studies? Find out if you qualify for Part-time Studies financial aid ›

© BCIT