BAF3M, Grade 11, Financial Accounting Fundamentals, University/College Preparation

Course Title/ Grade/ Course Type: Financial Accounting Fundamentals, Grade 11, University/College Preparation

Ministry Course Code: BAF3M

Curriculum Document: Ministry of Education; The Ontario Curriculum, Grades 11 and 12: Business Studies, 2006, (revised), Ministry of Education; Growing Success Documents, 2010

Prerequisite: None

 

*If you are a current UMC High School student, please contact your advisor. 

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Description

COURSE DESCRIPTION

This course introduces students to the fundamental principles and procedures of accounting. Students will develop financial analysis and decision-making skills that will assist them in future studies and/or career opportunities in business. Students will acquire an understanding of accounting for a service and a merchandising business, computerized accounting, financial analysis, and ethics and current issues in accounting.

 

Outline of Course Content

Unit 1: Fundamental Accounting Practices

Students will describe the discipline of accounting and its importance for business, as well as describe the differences among the various forms of business organization. Students will study the basic procedures and principles of the accounting cycle for a service business, and, apply the basic procedures and principles of the accounting cycle for a service business; Students will also assess how technology impacts the practice of accounting.

 

Unit 2: Accounting Cycle for a Service Business

Students will demonstrate an understanding of the basic procedures and principles of the accounting cycle for a service business, and expand their understanding of financial forms. Students will also begin

to learn accounting within a computerized environment.

 

Unit 3: Accounting Cycle for a Merchandising Business

Students will demonstrate an understanding of the basic procedures and principles of the accounting cycle for a merchandising business, and expand their understanding of financial forms. Students will look at different types of debt, expense, and cash accounts associated with merchandising businesses.

 

Unit 4: Financial Analysis and Decision Making

Students will learn about the impact of technology on the discipline of accounting. Students will explore current issues in accounting and how aspects of the discipline influence decision-making on the basis of

financial analysis.

 

Culminating Activity  

Final Exam

Final Mark will be determined following percentages:

70%     Determined by the evaluations conducted throughout the duration of the course:

             Products – Assignments, Essays, Journals, Portfolio

             Observations – Presentations

             Conversations – Conference with the Teacher

30%      Final examination of the students and/or a Culmination Assignment

THE ONTARIO CURRICULUMBusiness Studies