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