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

Course Title: Financial Accounting Fundamentals, Grade 11, University / College Preparation (BAF3M)
Course Name: Financial Accounting Fundamentals
Course Code: BAF3M
Grade: 11
Course Type: University / College Preparation
Credit Value: 1.0
Prerequisite: None
Developed by: David Choi
Developed Date: August 2013
Revised by: Yulia Katz
Revised date: August, 2014
Developed from: The Ontario Curriculum, Grade 11& 12: Business Studies 2006 (Revised)
Length: 110 hours
Tuition Fee (CAD): $579
Course Title: Financial Accounting Fundamentals, Grade 11, University / College Preparation (BAF3M)
Course Name: Financial Accounting Fundamentals
Course Code: BAF3M
Grade: 11
Course Type: University / College Preparation
Credit Value: 1.0
Prerequisite: None
Developed by: David Choi
Developed Date: August 2013
Revised by: Yulia Katz
Revised date: August, 2014
Developed from: The Ontario Curriculum, Grade 11& 12: Business Studies 2006 (Revised)
Length: 110 hours
Tuition Fee (CAD): $729
Course Content
Column 1 | Column 2 |
---|---|
Unit 1 Fundamental Accounting Practices | 30 hours |
Unit 2 Advance Accounting Practices | 35 hours |
Unit 3 Internal Control, Financial Analysis and Decision Making | 25 hours |
Unit 4 Ethics, Technology, Careers | 15 hours |
Course-Culminating Task(CCT) | 5 hours |
Total | 110 hours |
Accounting is the language of business. It is difficult to imagine an organization or an individual that is not affected in some way by accounting. From the local corner store to the world’s largest corporation, businesses use accounting to organize, understand, and communicate all aspects of their financial position. Ultimately, it is this understanding that helps people make wise business decisions. The integration of information technology and accounting software throughout the accounting curriculum will help prepare students for today’s business environment. Students who learn not only the fundamentals of accounting, but how to think and apply that knowledge, will have the confidence to integrate accounting principles and practices into their work in a wide spectrum of careers. This course will focuses on
Unit 1 – Fundamental Accounting Practices
- Introduction to Accounting as a Discipline
- Business Structures
- The Accounting Cycle for a Service Business
Unit 2 – Advanced Accounting Practices
- The Accounting Cycle for a Merchandising Business
- Accounting for Sales Tax
- Computer Applications in Accounting
Unit 3 – Internal Control, Financial Analysis, and Decision Making
- Internal Control Procedures
- Financial Analysis
- Decision Making
Unit 4 – Ethics, Impact of Technology, and Careers
- Ethics and Current Issues
- Impact of Technology
- Careers in Accounting
Major assignment – MONOPOLY
The course-culminating task is to play a game of Monopoly and keep track of your transactions modeling a service business. As a team you are required to make at least one transaction each time you roll the dice. Additional transactions will also be necessary at other times during the game. Then, you are to produce a set of financial statements, trial balance sheet, balance sheet, income statement, and a complete analysis of your financial statements.
Culminating Project – RESEARCH PROJECT
By the end of this course, you will have been introduced to the fundamental principles and procedures of accounting, with emphasis on accounting procedures used in service and merchandising businesses. The purpose of this cumulative task is to further incorporate and apply that learning by examining topics dealing with the understanding of the connections between financial analysis, control, and ethical decision making in the management of a business, as well as the effects of technology and globalization on accounting procedures and the role of the accountant. This project has three main components: a report, a presentation and a question/answer quiz that will be used to test fellow peers’ understanding of the content in your presentation.
Final Written Examination
Semester at a glance
September |
October |
November |
December |
January |
---|---|---|---|---|
Unit 1 – Fundamental Accounting Practices |
Unit 1 – Fundamental Accounting Practices / Unit 2 – Advanced Accounting Practices
Midterm exam |
Unit 2 – Advanced Accounting Practices/ Unit 3 – Internal Control, Financial Analysis, and Decision Making
Major assignment |
Unit 3 – Internal Control, Financial Analysis, and Decision Making / Unit 4 – Ethics, Impact of Technology, and Careers |
Course wrap-up and exam review
Final exam and CCT |
Lecture
Test/quizzes/Lecture/Test/quizzes
Exams
Vides and PowerPoint visual aid presentation
Teacher and student lead review
Demonstration
Reading for understanding
Structured Discussion
Practical Exercise
Assignments
Debate
Discussion
Problem Solving
Case Study
Conference
Brainstorming
Group work
Research Project
Teacher Analysis
Game
Independent Study
Guest speakers
Assessment Strategies
As Learning |
For Learning |
Of Learning |
---|---|---|
Conversation classroom discussion self-evaluation Peer-assessment Observation Presentations Problem solving Student Products Homework |
Conversation classroom discussion post-presentation questions peer-evaluation small group discussion Q&A during and after lessons Observation group discussions Use of accounting software Student lead review Student Products worksheets quizzes Student made review tasks |
Conversation presentations of assignments post-presentation questions conferences Observation Presentations Use of accounting software Student Products projects presentations debates tests quizzes Case studies |