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

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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

$779.74 - $794.49 See individual course offerings below for actual costs.

Fall 2019

Below are two offerings of this course for the Fall 2019 term.

CRN 32651

Mon Sep 09 - Mon Dec 09 13 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 09 - Dec 09 Mon 18:00 - 21:30 BBY SW01 Rm. 1021

Instructor

Terry Gordon

Course Outline

Cost

$779.74

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. 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 Class will NOT be held Monday, October 14 (Thanksgiving), but WILL be held Monday, November 11 (Remembrance Day)

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 10 - Tue Dec 03 13 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 10 - Dec 03 Tue 18:00 - 21:30 BBY SE06 Rm. 114

Instructor

Nadine Barrett

Course Outline

Cost

$779.74

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. 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 2020

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

CRN 44452

Mon Jan 06 - Mon Apr 06 13 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 06 - Apr 06 Mon 18:00 - 21:30 BBY SW01 Rm. 1025

Instructor

Terry Gordon

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$794.49

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 bachelor_accounting@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 Class WILL BE HELD February 17 (Family Day). Class will NOT be held March 9 (BCIT Spring Break).

A portion of seats are temporarily held for domestic students until Thu, Nov 14 at 9:00 am (PST). International students: this may impact your ability to register. Learn why.

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9 seats available as of Nov 14, 2019 4:29 am (PST). Of these 9, 3 are currently reserved for domestic students only. Availability may change at any time.

CRN 44453

Thu Jan 09 - Thu Apr 09 13 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 09 - Apr 09 Thu 18:00 - 21:30 BBY SE06 Rm. 108

Instructor

Paul Jeyakumar

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$794.49

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 bachelor_accounting@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 No class March 12 due to BCIT Spring Break.

A portion of seats are temporarily held for domestic students until Thu, Nov 14 at 9:00 am (PST). International students: this may impact your ability to register. Learn why.

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20 seats available as of Nov 14, 2019 4:29 am (PST). Of these 20, 13 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

  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 2019

Books for Fall 2019 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 $89.00
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 2020

No information on books is currently available for Winter 2020 offerings of this course.

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