Accounting Fundamentals - BAF3M1
What it's all about...
Grade 11
Accounting is the language of business. It is difficult to imagine an organization or an individual that is not affected in some way by accounting. From the local corner store to the world’s largest corporation, businesses use accounting to organize, understand, and communicate all aspects of their financial position. Ultimately, it is this understanding that helps people make wise business decisions.The integration of information technology and accounting software throughout the accounting curriculum will help prepare students for today’s business environment. Students who learn not only the fundamentals of accounting, but how to think and apply that knowledge, will have the confidence to integrate accounting principles and practices into their work in a wide spectrum of careers.
Course Content:
Fundamental Accounting Practices
Students will learn the purpose of accounting, the different roles of the accountant/bookkeeper, and identify the uses and users of accounting
Students will also learn the accounting cycle for a service business
Advanced Accounting Practices
Students will explore how we account for taxes, and the accounting cycle of a merchandising company
Internal Control, Financial Analysis, and Decision Making
Accounting plays an integral role in all managerial decision making. Learn how to manage and control the accounting system, how to reflect on financial information and let that guide decision making
Ethics, Impact of Technology and Careers
Ethics is always a hot topic in accounting! Also, time to explore some career opportunities and CPA Ontario