Financial Planning

​​Computers and information technology are the foundation of business today. This course provides an understanding of computer terminology, operating systems, and the most popular office software used in business. Students learn to use spreadsheets (e.g. Microsoft Excel), word processing applications (e.g. Microsoft Word), and presentation and graphics programs (e.g. Microsoft PowerPoint). Students also get an introduction to cloud computing and enterprise collaboration tools. The course also provides an overview of digital literacy, Web-based collaboration, and publishing and productivity tools.
Prerequisite(s):

• No prerequisites are required for this course.

COMM 1100 is designed to give students basic listening, writing and speaking skills that will allow them to prepare written and oral reports for BCIT courses and to proceed to more advanced communication courses.
Prerequisite(s):

• No prerequisites are required for this course.

This course investigates economic analysis, focusing on fundamentals of markets, supply and demand, consumer and producer behaviour, and monopoly and competition. Optional areas of business application may explore labour markets, government intervention and environmental regulation. Prepares students to identify and evaluate the economic considerations they will undoubtedly encounter in business.
Prerequisite(s):

• No prerequisites are required for this course.

This course is the first of two designed to introduce the theoretical and practical foundations in accounting. Topics include accounting concepts and principles; income measurement; business transactions; adjusting and closing entries; financial statement preparation; the accounting cycle; merchandising operations; and accounting systems.
Prerequisite(s):

• No prerequisites are required for this course.

Marketing 1102 is an introduction to the fundamentals of marketing. In addition to the "four Ps" of marketing—product, price, place, and promotion—students will be introduced to how marketers create customer-driven marketing strategies based on their research and understanding of the marketing environment and customers. Students will plan a strategy for and compete in an online marketing simulation. After the simulation, students will evaluate their performance and deliver a marketing plan for their simulation company, which will be assessed on students' application of marketing terminology and processes and in the professionalism of their work. Additionally, students will complete assignments, quizzes, and exams.
Prerequisite(s):

• No prerequisites are required for this course.

Reviews basic mathematics applicable to business and industry. Topics include consumer and commercial credit, simple and compound interest, financial instruments and discounting, annuities, mortgages, loans, sinking funds, leases, depreciation methods, capitalized costs, cash flow analysis, NPV and IRR. Emphasis is on maximum use of pre-programmed calculator and practical applications from the field of Financial Management.
Prerequisite(s):

• No prerequisites are required for this course.

​In an information-based society, every enterprise requires business analytics and decision support systems to enable a competitive advantage. As a result, knowledge workers across all industries increasingly require an understanding of data modelling and advanced data management and analytical techniques. Building off the foundational skills learned in BSYS-1000, this course leverages the Microsoft ecosystem, including Access, Excel and Power Query, Microsoft's data transformation and data preparation engine, to perform complex data management tasks. Advanced formulae, concepts, and data modelling theory will enable students to connect to various types of data to enable the analysis and presentation of data to enable business insight.​
Prerequisite(s):

• 50% in BSYS 1000

​Organizational behaviour and management principles study the factors necessary to build high performing teams and organizations. In this course students develop an understanding of how individual and team behaviours impact the effective operation of organizations. The concepts and frameworks discussed in this course form the building blocks of successful organizational development, leadership, and management. Key areas of learning include organizational culture, individual factors including personality, attitudes, perception, motivation, communication, and team dynamics. The course also includes organizational structure and design, decision making, an introduction to leadership development, and management functions including systems, controlling, planning, power and politics. Learning modalities include individual and group assignments, case studies, and an industry-based research project. Critical thinking is an outcome of the applied learning modalities.
Prerequisite(s):

• No prerequisites are required for this course.

This course provides further instruction and practice in the principles taught in COMM 1100. It concentrates on more sophisticated forms of written communication: the job application package, indirect correspondence, and reports. The course might also include modules on graphics, questionnaires, telephone techniques, and organizing and running meetings.
Prerequisite(s):

• 50% in COMM 1100

Presents a challenging overview of the workings of an economy. Stresses measurement and determination of national economic activity, the role of monetary and fiscal policy, and the understanding of inflation, unemployment and growth in an international environment. Prepares students to weigh political and economic issues as they relate to their business ventures.
Prerequisite(s):

• No prerequisites are required for this course.

Continues from FMGT 1105. Topics include temporary investments; receivables, capital assets; liabilities; partnerships; corporations; bonds; statements of changes in financial position; financial statement analysis; manufacturing accounting; departmental accounting; cost-volume-profit analysis. Note: Fulltime Financial Management students who receive less than 65% in this course will need to complete FMGT 2100 with a grade of 70 or better before entering Level 3.
Prerequisite(s):

• 50% in FMGT 1105 or 70% in FMGT 1100

This course provides an introduction into the field of finance. It first provides a framework on the functions carried out by finance professionals, as well as how it fits and interacts with a firm's other functional areas. Introductory coverage is provided for managerial finance, corporate finance, capital markets and financial planning. Finally, the course introduces a framework on the types of decisions and how those decisions are made to maximize a company's intrinsic value.
Prerequisite(s):

• 50% in FMGT 1100 or 50% in FMGT 1105

Includes descriptive statistics, including numerical and graphical presentation of data, measures of central tendency, dispersion and elementary probabilities. Introduction to several discrete and continuous probability distributions . Introduction to inferential statistics through selected topics such as sampling, confidence limits of the mean, hypotheses testing, simple linear regression and the chi-squared test for independence.
Prerequisite(s):

• No prerequisites are required for this course.

Presents a practical study of Canadian business law, including the legal and administrative systems, torts, contracts, sale of goods and consumer protection, employment, business organizations, and intellectual property. Participation in this course, taught by lawyers, prepares you to recognize and feel comfortable with the legal aspects of doing business.
Prerequisite(s):

• No prerequisites are required for this course.

Financial Statement Analysis 1&2 evaluate the general principles of the financial reporting system, underscoring the critical role of the analysis of financial reports in the investment decision making process. FSA 1 introduces the range of information that an analyst may use in analyzing the financial performance of a company, including the principal financial statements (the income statement, balance sheet, cash flow statement, and statement of changes in owners' equity), notes to those statements, and management discussion and analysis of results. A general framework for addressing most financial statement analysis tasks is also presented. The ethical presentation of financial information to the public by a company must conform to the governing set of financial reporting standards applying in the jurisdiction in which the information is released. FSA 1 explores the role of financial reporting standard‐setting bodies worldwide and the International Financial Reporting Standards and the movement towards worldwide convergence of financial reporting standards is also introduced and new technology that impacts financial management. Learners use financial software and professional data bases to model and analyze financial statements.
Prerequisite(s):

• 65% in FMGT 2105 or 70% in FMGT 2100

The course is composed of assigned readings, Income Tax Act section references, lectures, group discussions and sample tax problems. The Associate Certificate in Financial Planning is a Financial Planning Standards Council (FPSC®) pre‐approved Core Curriculum program and meets Certified Financial Planner® (CFP) program academic requirements. For further information about earning the CFP designation, please visit https://fpcanada.ca/students‐and‐candidates/paths‐to‐certification.
Prerequisite(s):

• 50% in FMGT 1152 and 50% in FMGT 1810

This course is the first of two courses (the second being FMGT 4510, Business Finance 2) that provides students with the tools and concepts required for the financial management of a business. The perspective taken is that of maximizing shareholder value, subject to legal and ethical constraints. Topics include free cash flow, the time value of money, financial statement analysis, corporate financial planning, working capital management and an introduction to capital markets and securities valuation and an introduction to capital markets and securities valuation.
Prerequisite(s):

• 50% in FMGT 2100 or 50% in FMGT 2105 or 60% in ACCG 5110

The Financial Management technology program at BCIT has entered into a partnership with the Canadian Securities Institute (CSI). This course, a product of the partnership, is the CSI's Canadian Securities Course (CSC) Volume 1. Topics include the Canadian investment marketplace, the nature of marketable securities, factors which influence their price and a review of the various methods employed to evaluate their worth. In addition, the operation of stock exchanges and investment dealers and the regulatory environment in which these institutions operate is discussed. Finally, the methods by which governments and corporations have their securities listed on the exchanges so that investors can trade them is studied. Successful completion of both CSI two exams (a grade of at least 60%) earns the student credit for the CSC with the Canadian Securities Institute and credit for this course and FMGT 4610. Note: There is an extra fee of up to $1500 + GST to enroll with the CSI for the CSC. Your textbook will be provided by the CSI not the book store. You are responsible for visiting the website and enrolling yourself – instructions on how to do so will be provided separately by email.
Prerequisite(s):

• 50% in FMGT 2100 or 50% in FMGT 2190 or 50% in FMGT 2105

Introduces students to the fundamental principles important to the discipline of personal Financial Planning. Students will acquire an understanding of the concepts and applications associated with financial planning, and the analysis of various financial situations. This course covers the basic issues to be considered in building a sound program to achieve long term financial goals. Topics include cash and debt management, insurance, investments and portfolio management, wills, estates, and tax planning.
Prerequisite(s):

• FMGT 2105 or equivalent. FMGT 2105 (65%) or FMGT 2100 (70%).

Financial Statement Analysis 1&2 evaluate the general principles of the financial reporting system, underscoring the critical role of the analysis of financial reports in the investment decision making process.FSA 2 assesses how an analysis of a company's financial statements can reveal problems. In this course students learn to identify and evaluate red flags and warning signs contained in the financial statements and footnotes that would suggest that the financial reporting quality of a company has been compromised.FSA 2 covers the analysis of intercorporate investments and their different accounting treatments depending on the percentage ownership, amount of control, and other variables related to the relationship between the company making the investment and the investee.In FSA 2 students learn how to analyze the effects of mergers and acquisitions on a company's ongoing operating results.The presentation of financial information to the public by a company must conform to the governing set of financial reporting standards applying in the jurisdiction in which the information is released. FSA 2 examines, in depth, the role of financial reporting standard-setting bodies worldwide and the International Financial Reporting Standards and the movement towards worldwide convergence of financial reporting standards is also introduced.
Prerequisite(s):

• FMGT 3130

This course builds on the topics and techniques of FMGT 3510 Business Finance 1. Students will use tools such as DCF/NPV analysis and the weighted average cost of capital to develop a framework for capital budgeting that focuses on increasing shareholder value. Corporate risk management concepts and international financial planning issues will also be addressed. An overview of the theory and practice of capital structure decision making and shareholder distributions will be provided. Additional topics include leasing, public offerings, and financial options.
Prerequisite(s):

• 50% in FMGT 3510

Provides the financial planning student with the marketing and communications skills essential to success in the financial planning profession. The course covers the marketing of financial planning products and services and, in addition, it will introduce the student to the institutional environment in which many financial planners operate.
Prerequisite(s):

• FMGT 3830

The objective of this course is to impart to the students the principles of investment management . This course is part two of BCIT's offering of the Canadian Securities Institute's (CSI) Canadian Securities Course (CSC). As such, the course is designed to convey to those who are enrolled in it the fundamentals of investing . It includes a study of the nature and function of the securities markets, the framework essential to the valuation of common shares and fixed income securities. In addition, portfolio management, taxation, asset allocation and economic forecasting are studied.
Prerequisite(s):

• FMGT 3610

This course builds upon the fundamentals of Excel learned at BCIT and in the students’ Finance and Accounting courses. It does so by approaching the subject of computer modeling from the perspective of an analyst who wishes to construct dynamic computer based models and scenarios which allow him/her to understand, and manipulate, the information associated with common financial and accounting problems. Rather than using the traditional lecture format, students will be expected to analyze various financial concepts and, on the basis of their analysis, construct a spreadsheet model which allows them to test hypotheses, compare the performance of alternative options under various scenarios and provide detailed information for the decision making process. In their project, students will be expected to design a working spreadsheet model based on a problem typically encountered in the assigned topic.
Prerequisite(s):

• BSYS 2000

This is the concluding course in the Diploma program in personal Financial Planning. It is designed to provide students with an applied understanding of the principles and applications related to financial planning. It draws on subjects learned in the prerequisite courses and covers advanced topics and case studies designed to equip the student with the knowledge and skills necessary to advise individuals. The primary topics include: taxation, insurance and risk management, retirement planning, investments, ethics and estate planning.
Prerequisite(s):

• FMGT 3830

The ability to integrate information across all of the fundamental areas of financial planning in order to meet the needs of clients, combined with adherence to professional standards, distinguishes a CFP professional from other providers of personal financial advice. The CFP Capstone Course plays a critical role in the training and assessment of future CFP professionals. The required courses focus on the underlying competencies and knowledge required in the components of financial planning (i.e. asset management or retirement planning). However, this approach gives students only limited opportunities for the integration of the professional skills and financial planning competencies across all of the components of financial planning. The CFP Capstone Course addresses this issue. This course focuses on financial planning practices, professional skills and integration which are essential to the practice of professional financial planning. This is the course where all the components of financial planning are incorporated, and where students hone their analytical and presentation skills. Students demonstrate these abilities by developing and presenting a suitable financial plan.
Prerequisite(s):

• 50% in FMGT 4810 or 50% in FMGT 4830

The objective of this course is to give students the opportunity to cultivate meaningful professional experiences in the finance industry. Through a series of guest lectures, field trips, presentations, research, and informational interviews, students will gain an understanding of the variety of careers in the finance profession and will improve their written and verbal communication skills. Topics may include: networking in a professional setting, guest lectures/meetings with industry professionals, interview skills, resume preparation and career skills in the finance profession. Work‐integrated learning opportunities can be structured in a wide variety of ways, and the development of such opportunities could include relevant experience students acquired while working either full‐time or part‐time while studying.
Prerequisite(s):

• Completion of Level 3 of either the Finance or Financial Planning diploma program.