BAF3M

Grade 11 Accounting

Ridgemont High School


Course Code: BAF 3M

Course Title: Accounting, Grade 11, College/University

Teacher Info: Mr. M

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.


Overall Expectations: By the end of this course, students will:


A: Fundamental Accounting Practices

  • 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.

  • 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.


B: Ledgers, Trial Balances, and Financial Statements

  • demonstrate an understanding of the basic procedures and principles of the accounting cycle for a service business

  • assess methods of accounting for capital assets;

  • explain accounting procedures for inventories.


C: Adjustments, Worksheets and Closing Entries

  • demonstrate an understanding of the basic procedures and principles of the accounting cycle for a service business

  • evaluate the financial status of a business by analysing performance measures and financial statements;


D: Accounting for Merchandising Business

  • 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



E: Internal Control, Financial Analysis and Decision Making

  • demonstrate an understanding of internal control procedures in the financial management of a business;

  • explain how accounting information is used in decision making.


Evaluation

Evaluation will focus on students’ demonstrated achievement of the overall expectations of this course. The quality of student work will be assessed using a balance of criteria from four categories of achievement (Knowledge and Understanding, Thinking, Communication, and Application).


Students will be evaluated using four levels of achievement:

Students who achieve level 3 or above have met the provincial standard for the course, and are prepared for the next course along the current pathway.


The final mark for the course is comprised of 70% term work and 30% summative work (two tasks). Summative work is considered a final evaluation and cannot be missed. Any student who misses a summative task and/or an exam must provide medical documentation to support their absence.


Key tasks will be communicated through an assessment plan, which is provided to students at the beginning of the course. Assessment plans show how each task relates to overall course expectations. Assessment plans may change during a course to reflect the needs of individual classes. Teachers will also use evidence records to organize, communicate and interpret information about student learning and demonstrated achievement.

Learning Skills

The development of sound learning skills is essential to the success of our students. Teachers and students will work together to understand and further the development of student learning skills in the areas of Responsibility, Organization, Independent Work, Collaboration, Initiative and Self-regulation. Evidence of student learning skills will be gathered on an ongoing basis and students will be provided with feedback to improve the performance of those skills.