Accounting, Bachelor of Accounting, Full-time/Part-time (8630BACC) - BCIT (2023)

1. Required Courses: Credits FMGT 7910The Business Environment

This course provides an overview of the contemporary Canadian business environment. The political, legal, regulatory and trading environment in which firms operate will be examined. Students will explore the operation of industries in the global economy and assess challenges and opportunities presented by environmental factors.
Prerequisite(s):

  • Acceptance into the Bachelor of Accounting Program or approval from the Program

course outline

3.0FMGT 8911Strategic Performance Management

The overall objective of this course is to enhance your skills by supplementing your knowledge of accounting with a thorough understanding of the strategic management process and the integration of concepts learned in other disciplines. This course qualifies as a prerequisite for entrance into the Chartered Professional Accountant (CPA) Professional Education Program (PEP).
Prerequisite(s):

  • Acceptance into the Bachelor of Accounting or Advanced Diploma in Professional Accounting Program or approval from the Program Head

course outline

3.0 2. Complete six courses from the following list of electives: Credits FMGT 7121Advanced Accounting

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 ofFMGT 3110andFMGT 4110with a minimum average grade of 65%.

course outline

3.0FMGT 7210Advanced Management Accounting

In this course students will use management accounting information for strategic and operational decision-making. Course topics include management control systems, the performance of individual managers, and strategies for avoiding sub-optimal managerial decisions. This course qualifies as a prerequisite for entrance into the Chartered Professional Accountant (CPA) Professional Education Program (PEP) when completed in conjunction with ACCG 6210 Management Accounting - Comprehensive.
Prerequisite(s):

  • Completion ofACCG 6210with a final grade of 65% or completionFMGT 3210andFMGT 4210with a minimum average grade of 65%.

course outline

3.0FMGT 7310Advanced Auditing

This course addresses issues and challenges faced by the auditing profession in today's environment including the impact of audit failures on the profession, auditor independence issues, assessment of risk on an audit and the ethical responsibilities of accountants. The course will focus extensively on problematic situations that auditors have dealt with in the past so that you can obtain a better understanding of how to approach similar situations in the future. Case studies will be used extensively and your communication skills will be developed through the extensive use of class discussions and delivery of group presentations.
Prerequisite(s):

  • Completion ofFMGT 3310andFMGT 4310with a minimum average grade of 65%

course outline

3.0FMGT 7410Taxation of Close Corporations

This is an advanced course in corporate income tax, focusing on the tax planning needs of private corporations and their shareholders. In this course, the student will acquire the foundation tax knowledge and basic research skills needed to be able to do corporate tax- related work at a professional level. This is achieved through a combination of lectures, assigned readings, practice in the application of the law to practical problems, the use of income tax software for both compliance and research purposes, and training in tax research and tax writing. Topics include the computation of corporate taxes, tax integration, owner compensation, corporate re-organizations, surplus distributions, partnerships, trusts, structuring business sales and acquisitions, international business expansion, as well as issues concerning tax compliance, planning and avoidance.
Prerequisite(s):

  • Completion ofFMGT 3410andFMGT 4410with a minimum average grade of 65%

course outline

3.0FMGT 7510Advanced Finance

This course stresses the application of financial strategies to financing challenges faced by business enterprises. Using a predominantly small business, case-based approach, students are introduced to various areas of business operations which drive financing requirements, or exacerbate financial challenges and then examine means of satisfying those requirements or modifying operations to minimize financial challenges.
Prerequisite(s):

  • Completion ofFMGT 3510andFMGT 4510with a minimum average grade of 65%

course outline

3.0FMGT 7520Business Valuation

This course provides an introduction to the field of business valuation as it is practiced today in Canada. Students will examine the many uses of business valuations, business valuation terminology, sources of information, valuation principles and approaches. Working with realistic case material, students will learn how to research general economic and specific industry conditions, analyze company financial and operational information and prepare and analyze valuation calculations.
Prerequisite(s):

  • Completion ofFMGT 3510andFMGT 4510with a minimum average grade of 65%

course outline

3.0FMGT 7710Management Information Systems

In this course, students will gain an understanding of the relationship between information technology, accounting information systems, business strategy and organizational improvement. They will examine information technology as an enabler and facilitator of business strategy and as an accounting and control tool to track performance and improve managerial decision-making. Cases and assignments will focus on small- to medium-sized Canadian organizations looking for appropriate solutions to information technology and accounting issues.
Prerequisite(s):

  • Completion ofBUSA 1100plusFMGT 3720andFMGT 4210with a minimum average grade of 65%.

course outline

3.0FMGT 8121Contemporary Issues in Accounting

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):

  • Acceptance into the Bachelor of Accounting Program or approval from the Program

course outline

3.0FMGT 8610Independent Technical Studies Abroad 1

This course provides the student with the opportunity to complete a program of technical studies at one of BCIT”s partner institutions in Europe. The program of studies must be pre-approved by the Program Head. This course fulfills one of the Advanced Technical Specialty electives in the program. Students need to obtain a permission from the Program Head to register.
Prerequisite(s):

  • Admission to the Bachelor of Technology in Accounting or Bachelor of Accounting

course outline

3.0FMGT 8620Independent Technical Studies Abroad 2

This course provides the student with the opportunity to complete a program of technical studies at one of BCIT”s partner institutions in Europe. The program of studies must be pre-approved by the Program Head. This course fulfills one of the Advanced Technical Specialty electives in the program. Students need to obtain a permission from the Program Head to register.
Prerequisite(s):

  • Admission to the Bachelor of Technology in Accounting or Bachelor of Accounting

course outline

3.0 3. General Education (36.0 credits): Credits

Mandatory Courses:

LIBS 7001Critical Reading and Writing

This is a course in advanced composition and rhetoric, in which students will develop skills in complex critical analysis and interpretation by analyzing and evaluating materials from a variety of discourses or genres, including visual, online, and print; developing and writing essays, including critiques and research papers; applying and discussing principles of rhetoric and critical theory; examining and using methods of interpretation and analysis from the humanities and social sciences; evaluating the credibility of primary and secondary sources, including as it applies to media literacy, and for the purposes of academic research; situating discourses within their historical context and relevant to rhetorical theories of different periods (for example, Aristotle in the ancient world and Bakhtin in the twentieth century). The course format will include lecture, discussion, and both individual and group activities.
Prerequisite(s):

  • BCIT ENGL 1177 or equivalent, or 6 credits BCIT Communication at 1100-level or above, or 3 credits of a university/college first-year social science or humanities course.

course outline

3.0LIBS 7002Applied Ethics*

Fosters abilities and values required for ethical decision making at work. Develops skills in logical analysis, a working knowledge of moral principles and theories, and the ability to diagnose and resolve moral disagreements commonly found at work. Examines and applies moral principles to historically famous cases in manufacturing, human resources, management, engineering, health care, and computing.
Prerequisite(s):

  • BCIT ENGL 1177, or 6 credits BCIT Communication at 1100-level or above, or 3 credits of a university/college first-year social science or humanities course.

course outline

3.0 *or equivalent applied ethics course

Elective Courses:

  • 6.0 credits - Social Science or Humanities
  • 9.0 credits - Arts or Science
  • 15.0 credits - Unspecified

Students must achieve these elective credits in accordance with the Bachelor of Accounting General Education Requirements [PDF].

4. Optional Work Term (available to full-time domestic students only): Credits FMGT 7610Workplace Education Workterm 1

The Accounting Workterm is a paid experiential learning opportunity whereby the student completes productive tasks related to the core competencies of the Bachelor of Accounting program. The workterm enhances the education experience by integrating traditional academic studies with relevant work experience in a wide spectrum of industry sectors. On the job performance is fully evaluated.
Prerequisite(s):

  • Admission to the Bachelor of Accounting program or permission of the program head.

course outline

16.0FMGT 7620Workplace Education Workterm 2

The Accounting Workterm is a paid experiential learning opportunity whereby the student completes productive tasks related to the core competencies of the Bachelor of Accounting program. The workterm enhances the education experience by integrating traditional academic studies with relevant work experience in a wide spectrum of industry sectors. On the job performance is fully evaluated. This is the second of two Internship courses available to Bachelor of Accounting students.
Prerequisite(s):

  • FMGT 7610

course outline

16.0 Total Credits: 60.0

FAQs

Is a BS in accounting worth it? ›

Is accounting a good major? Yes, accounting is a good major with above average pay and 7% job growth (Bureau of Labor Statistics). Majoring in Accounting comes with a number of benefits. And with excellent pay projections ranging from $66k to $134k (Bureau of Labor Statistics), there's plenty of room for advancement.

What is the difference between Bachelor of Accounting and Bachelor of Accountancy? ›

Key differences between accounting and accountancy

Accountancy principles are useful for accountants, but you cannot get a degree in accountancy. In addition to a bachelor's in accounting, you can study business management, finance and bookkeeping, which are fields that also use the principles of accountancy.

How hard is a BS in accounting? ›

Accounting majors require a lot of hard work to succeed. They must be willing to put in long hours of study and practice to master the concepts and skills needed in this field. It is a rigorous major that requires attention to detail and a strong work ethic to be successful.

How hard is accounting 1 in college? ›

Rigorous Coursework

Accounting is often considered to be one of the most intense college majors there is. Students are required to take very rigorous courses in a number of different subjects. In addition, the core coursework required in accounting can be daunting and takes much studying and preparation.

Which is harder finance or accounting? ›

Is finance or accounting harder? Taking into account those personality differences, there are also differences in the content of finance and accounting that can determine that one is harder than the other. Generally speaking, people consider accounting majors to be more difficult to study and pass than finance majors.

Is an accounting degree worth it without CPA? ›

“For those more advanced roles, a degree in accounting or finance is often preferred.” But a proven track record can outweigh even the CPA credential. “I've seen senior accountants without CPAs who have 10 years of experience move into accounting manager and controller level roles,” says Campman.

Which Bachelor degree is best for accountant? ›

There are also general business degrees with a focus on accounting such as the Bachelor of Business Administration (BBA) in Accounting and the Bachelor of Commerce (BCom) in Accounting. Most accounting degrees are accredited by a relevant professional body for accountants at the national level.

What is a Masters in accounting called? ›

A Master's in Accounting (MAcc), also frequently found as a Master of Professional Accountancy (MPAC) or Master of Science in Accounting (MSA), is an advanced, graduate-level business degree.

What is a Bachelor's degree in accounting called? ›

Bachelor of Science in Accounting: Also known as a Bachelor of Accountancy, this degree focuses on a general business education alongside core math requirements, such as calculus and statistics.

What is the hardest class in accounting? ›

Tax Accounting: Usually some of the most difficult classes for an accounting major as they delve into the minutia of tax codes, though this knowledge is a major source of income for accounting graduates.

Can you be an accountant if your bad at math? ›

Is Accounting Hard If You're Bad At Math. Accounting can be challenging, especially if you're not a math person. This belief is common, and even though accounting requires understanding financial principles, basic math skills are necessary to complete accounting tasks.

What is the hardest part of accounting? ›

So, what are the biggest challenges facing accountants today? Cash flow, hiring new talent, adapting to new tax and regulatory changes and continuing to adjust to remote work remain some of the largest hurdles for accounting teams.

What is the easiest accounting degree? ›

The easiest level of degree you can earn in accounting is the associate's degree. This two-year degree is offered at community colleges, so it tends to take less time to earn and have a far lower price tag than a bachelor's degree.

What GPA is good for accounting? ›

You must usually earn an overall GPA of 2.5 or better for the college courses you complete, although colleges may vary in their admission requirements for accounting majors. Some schools require a cumulative GPA of 3.0 or better.

Is accounting a lot of math? ›

Accounting isn't hard-core math. It's basic addition, subtraction, multiplication, and division. Possibly some light, entry-level algebra, but that's it. You don't have to understand calculus.

Why do you choose BS in accountancy? ›

A Bachelor of Science in Accounting or Master of Science in Accounting will allow you a high level of career flexibility. You can use your accounting background as a bridge to other career types, whether you're just entering the workforce or a seasoned professional.

Is a BS more valuable than a BA? ›

Neither degree ranks as better than the other, but one might better suit specific career goals. For example, if you're interested in technical careers, you may need a BS for graduate school applications. In some majors, you may choose between a BA and a BS. Many psychology programs, for instance, offer both options.

Do you make more money with a BA or BS? ›

A bachelor of arts degree emphasizes more humanities and social science coursework, while a bachelor of science degree may focus on natural sciences and engineering. When choosing a BA vs. BS, both types of degrees can lead to high-paying jobs. In general, however, professionals with a BS often earn higher salaries.

Is a BS in business worth it? ›

Business Degree Salary and Career Outlook

Getting a bachelor's degree can help you earn a higher salary than someone with a high school diploma or an associate degree. According to the U.S. Bureau of Labor Statistics, the median annual wage for business and financial occupations is $76,570.

References

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