Financial Accounting Fundamentals – Grade 11

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.

From: $500.00

SKU: BAF3M Category: Tags: , ,
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Overall Curriculum Expectations

Fundamental Accounting Practices
By the end of this course, the student will:

  • Describe the discipline of accounting and its importance for business.
  • Describe the differences among the various forms of business organization.
  • Demonstrate an understanding of the basic procedures and principles of the accounting cycle for a service business.

Advanced Accounting Principles
By the end of this course, the student will:

  • Demonstrate an understanding of the procedures and principles of the accounting cycle for a merchandising business.
  • Demonstrate an understanding of the accounting practices for sales tax.
  • Apply accounting practices in a computerized environment.

Internal Control, Financial Analysis, and Decision Making
By the end of this course, the student will:

  • Demonstrate an understanding of internal control procedures in the financial management of a business.
  • Evaluate the financial status of a business by analyzing performance measures and financial statements.
  • Explain how accounting information is used in decision making.

Ethics, Impact of Technology, and Careers
By the end of this course, the student will:

  • Assess the role of ethics in, and the impact of current issues on, the practice of accounting.
  • Assess the impact of technology on the accounting functions in business.
  • Describe professional accounting designations and career opportunities.

Course Details

Course CodeBAF3M
Course TypeUniversity / College Preparation
PrerequisiteNone
Credit Value1.0
Course TitleFinancial Accounting Fundamentals
Grade11

Outline of Course Content

UnitTitleTime Allocated
1Introduction to Accounting10 hours
2Accounting Cycle67 hours
3QuickBooks Online25 hours
Final Assessments
Final Project: “Smith Heating and Electric” simulation6 hours
Exam (proctored, 20% of final grade)2 hours
Total110 hours
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