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

Prerequisite: None
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 | Titles |
Unit 1 | Accounting Fundamentals |
Unit 2 | Balanced Sheet and Transactions |
Unit 3 | Income Statement Transactions (T-Accounts, Trial Balance, Formal Journal, and Ledger) |
Unit 4 | The Worksheet, Adjusting, and Closing Entries |
Unit 5 | The Merchandise Business |
Unit 6 | Internal Controls and Financial Analysis |
Unit 7 | Accounting Careers and Ethics |