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What it's all about...
What it's all about...
Grade 12
Prerequisite: Grade 11 Accounting
This course introduces students to advanced accounting principles that will prepare them for postsecondary studies in business. Students will learn about financial statements for various forms of business ownership and how those statements are interpreted in making business decisions.This course expands students’ knowledge of sources of financing, further develops accounting methods for assets, and introduces accounting for partnerships and corporations.
Course Content:
The Accounting Cycle
In this first unit, we will review a lot of the concepts that you learned in the Grade 11 Accounting course.
Accounting Practices for Assets
In this unit, we start to expand and develop the managerial aspects of accounting. What happens when you have bad debts (people don't pay)? How do we manage the inventory we sell? How do we value and depreciate capital assets?
Partnerships and Corporations
In this unit we will take a look at how accounting varies in these forms of business ownership.
Financial Analysis and Decision Making
This is the main focus of your summative evaluation. You will have the opportunity to explore a real-world corporation and analyze its' financial statements. From that information, you will make some very informed managerial decisions.
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