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