Financial Accounting Fundamentals – BAF3M

Course Prerequisite

None

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. 

Course Info

Course Outline & Units

Unit Order

Unit Name

Suggested Time

Unit 1

Fundamental Accounting Practices 

  1. Describe the discipline of accounting and its importance for business.  
  2. Describe the differences among the various forms of business organization.
  3. Demonstrate an understanding of the basic procedures and principles of the accounting cycle for a service business. 
26 hours
Unit 2

Advanced Accounting Practices 

  1. Demonstrate an understanding of the procedures and principles of the accounting cycle for a merchandising business.  
  2. Demonstrate an understanding of the accounting practices for sales tax.  
  3. Apply accounting practices in a computerized environment. 
26 hours
Unit 3

Internal Control, Financial Analysis, and Decision Making 

  1. Demonstrate an understanding of internal control procedures in the financial management of a business.
  2. Evaluate the financial status of a business by analyzing performance measures and financial statements.  
  3. Explain how accounting information is used in decision making. 
25 hours
Unit 4

Ethics, Impact of Technology, and Careers  

  1. Assess the role of ethics in, and the impact of current issues on, the practice of accounting. 
  2. Assess the impact of technology on the accounting functions in business. 
  3. Describe professional accounting designations and career opportunities 
25 hours

Final Evaluation 30%

Culminating Project  

Final Exam 

6 hours

2 hours

Total 110 Hours
Learning Strategies

A wide variety of instructional strategies are used to provide learning opportunities to accommodate a variety of learning styles, interests and ability levels. These strategies include, but are not limited to:  

Strategies marked with “X” are used in the course. 

Direct Instruction (teacher-led) 

X  Class Activity (teacher facilitation)  X 
Direct Instruction (discussion possible)  X  Experiential learning (learn by doing) 

X 

Class Discussion (teacher facilitated) 

X  Worksheets/Surveys  X 
Small Group Discussion  X  Individual or Group Research 

X 

Partner Discussion/Conferencing 

X  Teacher modeling  X 
1:1 Conferencing Teacher & Student  X  Text-based modeling 

X 

Teacher reading to class 

  Use of Computers / Internet   
Silent individual reading    Use of video tape or audio materials 

X 

Group based reading 

  Role Playing   
Independent Work (teacher facilitation)  X  Presentations 

X 

Group Work (teacher facilitation) 

X  Guest Speaker / Interviews / Questions   
Brainstorming  X  Field Trip 

 

Course FAQ
The course duration is 110 hours, delivered in an online school format.  
No, there is no prerequisite for this course
The course fee is based on the selected option of Online Instructor-Class Credit For detailed information and pricing, please check our website.
Assessment & Resources

Purpose       

The primary purpose of assessment is to improve student learning. Assessment relates directly to the expectations for the course.   

A variety of assessments for and as learning are conducted on a regular basis to allow ample opportunities for students to improve and ultimately demonstrate their full range of learning and for the teacher to gather information to provide feedback. Assessment tasks relate to the success criteria set out in lesson plans. Success criteria allow students to see what quality looks like.   

Evaluation is the process of judging the quality of student work in relation to the achievement chart categories and criteria and assigning a percentage grade to represent that quality. Evaluation is based on gathering evidence of student achievement through:   

  • Products  
  • Observations  
  • Conversations  

Assessment for Learning – we provide feedback and coaching. Assessment FOR Learning is the process of seeking and interpreting evidence for the use of learners and their teachers to decide where the learners are in their learning, where they need to go, and how best to go there.   

Assessment as Learning – we help students monitor progress, set goals, reflect on their learning   

Assessment AS Learning is the process of the explicit fostering of students’ capacity over time to be their own best assessors, but teachers need to start by presenting and modeling external, structured opportunities for students to assess themselves.   

Assessment of Learning – we use assessments to provide evaluative statements about student achievement. Assessment OF Learning is the assessment that becomes public and results in statements of symbols   

(marks/grades/levels of achievement) about how well students are learning. It often contributes to pivotal decisions that will affect students’ future.   

ASSESSMENT TOOLS     

Assessment tools marked with “X” are used in the course. 

Marking schemes 

X  Rubrics                    X 
Anecdotal comments  X  Checklists                    

X 

Rating Scales 

   

 

 Assessment Strategies 

Assessment for Learning  Assessment as Learning 

Assessment of Learning 

Quizzes 

X  Journal/Reflections  X  Tests                                      

X 

Tests                                      

  Exit and Entrance Cards    Presentations     

Presentations   

  KWL Chart    Journals 

 

Journals 

X  Self/Peer assessment        X  Essays 

X 

Essays 

  Logs    Models   
Models        Projects 

X 

Projects 

      Demonstrations   

Demonstrations 

X      Conferencing 

 

Conferencing        Questioning 

 

Questioning 

      Independent Study Assignment           X 
Independent Study Assignment                 Art Exhibits 

 

Art Exhibits 

      Researching  X 
Researching        Reading Aloud 

 

Reading Aloud 

      Problem Solving (process focused)   

Problem Solving (process focused) 

      Debates 

 

Debates        Work Sheets 

X 

Work Sheets 

X      Role Playing   
Role Playing        Direct Instruction  

 

Direct Instruction          

 

Resources

  • Growing Success: Assessment, Evaluation and Reporting in Ontario Schools (2010)  

http://www.edu.gov.on.ca/eng/policyfunding/growSuccess.pdf   

  • Guest, Lorie and Notman, David. Fundamentals of International Business: A Canadian Perspective. Thompson Educational Publishing, Inc. Toronto, Ontario, 2010 Various Internet resources 
Course Final Grade & Report Card

Grading     

  • The final grade is based on performance in 3 areas: products, observations, conversations.  
  • 70% of the grade is based on evaluations conducted throughout the course.  
  • 30% is based on a final evaluation.  

Weighting of categories     

Knowledge/Understanding  Thinking/Inquiry  Communication  Application 
25%  25%  25%  25% 
Play Video

Course Grade

Grade 11

Course Code

BAF3M

Course Category

Business Studies

Course Type

University/College Preparation

Course Delivery

Online

Course Duration

110h

Course Credit

1.00

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