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FMGT 8121 - Contemporary Issues in Accounting

Financial Management Part-time Studies Course

School of Business

Course Details

The course follows the evolution of accounting through historical events into current application recognizing the impact of international influences and organizations. Contemporary accounting issues will be addressed and evaluated for their impact in financial statements. Topics will include: the recognition of political influence and its impact on the accounting standard creation and modification process, development of analytical and research skills through the interpretation of the CPA Accounting Handbook pronouncements, and the evaluation of alternative policies. Students will enhance their presentation skills and research abilities through group work.

Prerequisite(s)

FMGT 3110 and FMGT 4110

Credits

3.0

Cost

$763.19

Fall 2018

Below is one offering of this course for the Fall 2018 term.

CRN 43399

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 NE23 Rm. 102

Instructor

Tim Edwards

Course Outline

TBD – see Learning Outcomes in the interim

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 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 offering is full. Please check back next term or subscribe to receive email updates.

Full

Learning Outcomes

Upon successful completion, the student will be able to:

  • Outline the historical evolution of accounting, including identifying major events and their impacts over time, and follow the development of accounting standards to the current time
  • Assess the standard creation and modification process for International Accounting and Canadian Standards for Private Enterprises
  • Apply various models for financial accounting and reporting
  • Apply different theories introduced during the course to practical situations and actual events
  • Discuss alternative financial reporting options
  • Develop recommendations for adoption of financial reporting policies including information disclosure alternatives
  • Interpret and analyze conflicts between managers and investors
  • Analyze the incentive relationship between Executive Compensation and Earnings Management
  • Discuss the role of accounting in society and area of corporate social responsibility
  • Evaluate the goals of sustainability accounting and the alternatives to achieve these goals
  • Outline the purpose of the global reporting initiative and alternatives
  • Outline the information distribution system for public companies
  • Apply CPA Handbook pronouncements to business situations and recommend accounting policies and procedures

Effective as of Fall 2016

Related Programs

FMGT 8121 is offered as a part of the following programs:

School of Business

  1. Accounting
    Full-time/Part-time   Bachelor of Accounting

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.

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