British Columbia Institute of

Important Notice: COVID-19 Institute response


FMGT 8120 - Accounting Theory

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

The course surveys the evolution of generally accepted accounting principles (GAAP) in Canada, introduces the Canadian standard setting process, identifies current international forces influencing future GAAP, updates topical issues and examines how unique measurements are handled in annual reports. Students will enhance their presentation skills and research abilities through group work.


Completion of (FMGT 3110 and FMGT 4110) or (FMGT 3130 and FMGT 4130) with a minimum average grade of 65%



This course isn't currently offered through BCIT Part-time Studies. Please check back next term or subscribe to receive email updates.

Learning Outcomes

Upon successful completion, the student will be able to:

  • Explain the historical evolution of contemporary financial reporting in Canada; the profession's self-regulatory status and relationship with provincial Securities Commissions.
  • Interpret the framework within which Canadian Generally Accepted Accounting Principles (GAAP) are developed. Explain the sources which form the hierarchy of GAAP authority in Canada.
  • Analyze the GAAP standard setting process in Canada and the notable influences of International Accounting Standards and US Standards.
  • Describe and apply various models for financial accounting and reporting.
  • Apply single-person decision theory with respect to making an investment.
  • Articulate the future evolution of financial reporting both as to the financial statements and the nature, quality and extent of note disclosures thereto in conveying economic events.
  • Relate theory discussions to actual contemporary Canadian financial reporting.
  • Assess the three hypothesis of positive accounting theory.
  • Interpret conflicts between managers and investors.
  • Review and demonstrate the application of a theoretical foundation with practical, real-world applications on a topic specific basis.

Effective as of Winter 2012


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Registration is currently open for the Fall 2021 term.

The sneak preview for the Winter 2022 term starts Fri, Oct 22 at 8:30 am (PDT).

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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