Course Title: Financial Accounting Fundamentals, Grade 11, University/College Preparation
Course Code: BAF3M
Grade: 11
Course Type: University/College Preparation
Credit Value: 1
Prerequisite: None
Department: Business

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.

Course Outline
  • BAF3M Unit 1 Overview
  • Accessibility to BAF3M Unit 1 Assignment
  • U1L1 Purpose of Accounting (A1.1)
  • U1L2 Difference of Accounting and Bookkeeping (A1.2)
  • U1L3 Users and Uses of Accounting (Part 1) (A1.3)
  • U1L4 Users and Uses of Accounting (Part 2) (A1.3)
  • U1L5 Identify Generally Accepted Accounting Principles (GAAP) (A1.4)
  • U1L6 Importance of GAAP (A1.4)
  • U1L7 Characteristics of Business Organization (Part 1) (A2.1)
  • U1L8 Characteristics of Business Organization (Part 2) (A2.1)
  • U1L9 Advantages and Disadvantages of Business Organization (Part 1) (A2.2)
  • U1L10 Advantages and Disadvantages of Business Organization (Part 2) (A2.2)
  • U1L11 Differences of Equity Sections of Business Organization (Part 1) (A2.3)
  • U1L12 Differences of Equity Sections of Business Organization (Part 2) (A2.3)
  • U1L13 Effects of Transactions on Accounts (A3.1)
  • U1L14 Financial Statements of a Service Business (A3.1)
  • U1L15 Recording Transactions (Part 1) (A3.2)
  • U1L16 Recording Transactions (Part 2) (A3.2)
  • U1L17 Trial Balance (A3.3)
  • U1L18 Financial Statements (A3.3)
  • U1L19 Record Adjusting and Closing Entries (Part 1) (A3.4)
  • U1L20 Record Adjusting and Closing Entries (Part 2) (A3.4)
  • U1L21 Impact of Year-End Procedures (Part 1) (A3.5)
  • U1L22 Impact of Year-End Procedures (Part 2) (A3.5)
  • U1L23 Applying GAAP at each stage of Accounting Cycle (Part 1) (A3.6)
  • U1L24 Applying GAAP at each stage of Accounting Cycle (Part 2) (A3.6)
  • Finish and Hand in BAF3M Unit 1 Assignment
  • BAF3M Unit 2 Overview
  • Accessibility to BAF3M Unit 2 Assignment
  • U2L1 Principal Accounting Elements (Part 1) (B1.1)
  • U2L2 Principal Accounting Elements (Part 2) (B1.1)
  • U2L3 Periodic and Perpetual Inventory Systems (Part 1) (B1.2)
  • U2L4 Periodic and Perpetual Inventory Systems (Part 2) (B1.2)
  • U2L5 Effects of Transactions on Accounts for Merchandising (Part 1) (B1.3)
  • U2L6 Effects of Transactions on Accounts for Merchandising (Part 2) (B1.3)
  • U2L7 Recording Transactions for Merchandising (Part 1) (B1.4)
  • U2L8 Recording Transactions for Merchandising (Part 2) (B1.4)
  • U2L9 Trial Balance and Financial Statements For Merchandising (Part 1) (B1.5)
  • U2L10 Trial Balance and Financial Statements For Merchandising (Part 2) (B1.5)
  • U2L11 Adjusting and Closing Entries for Merchandising (Part 1) (B1.6)
  • U2L12 Adjusting and Closing Entries for Merchandising (Part 2) (B1.6)
  • U2L13 Impact of Year-End Procedures of Merchandising Business (Part 1) (B1.7)
  • U2L14 Impact of Year-End Procedures of Merchandising Business (Part 2) (B1.7)
  • U2L15 Alternative Accounting Practices (B1.8)
  • U2L16 Describing Accounting Practices for Sales Tax (Part 1) (B2.1)
  • U2L17 Describing Accounting Practices for Sales Tax (Part 2) (B2.1)
  • U2L18 Recording Transactions of Provincial Sales Tax (B2.2)
  • U2L19 Recording Transactions of Federal Sales Tax (B2.3)
  • U2L20 Using Accounting to Record Transactions for Service Business (Part 1) (B3.1)
  • U2L21 Using Accounting to Record Transactions for Service Business (Part 2) (B3.1)
  • U2L22 Using Accounting to Record Transactions for Merchandising (B3.2)
  • U2L23 Using Accounting to Prepare Financial Statements (Part 1) (B3.3)
  • U2L24 Using Accounting to Prepare Financial Statements (Part 2) (B3.3)
  • Finish and Hand in BAF3M Unit 2 Assignment
  • BAF3M Unit 2 Online Test
  • BAF3M Unit 3 Overview
  • Accessibility to BAF3M Unit 3 Assignment
  • U3L1 Basic Elements of Internal Control System (Part 1) (C1.1)
  • U3L2 Basic Elements of Internal Control System (Part 2) (C1.1)
  • U3L3 Control Measures for Accounting for Assets (Part 1) (C1.2)
  • U3L4 Control Measures for Accounting for Assets (Part 2) (C1.2)
  • U3L5 Control Measures for Accounting for Assets (Part 3) (C1.2)
  • U3L6 Role of Budgeted Financial Statements (C1.3) (Part 1)
  • U3L7 Role of Budgeted Financial Statements (C1.3) (Part 2)
  • U3L8 Role of Budgeted Financial Statements (C1.3) (Part 3)
  • U3L9 Role and Work of an Auditor (Part 1) (C1.4)
  • U3L10 Role and Work of an Auditor (Part 2) (C1.4)
  • U3L11 Importance of Current Assets on Balance Sheet (C2.1)
  • U3L12 Importance of Current Liabilities on Balance Sheet (C2.1)
  • U3L13 Analyse Company’s Liquidity and Solvency (Part 1) (C2.2)
  • U3L14 Analyse Company’s Liquidity and Solvency (Part 2) (C2.2)
  • U3L15 Analyse Company’s Liquidity and Solvency (Part 3) (C2.2)
  • U3L16 Analyse Company’s Profitability with Financial Ratios (Part 1) (C2.3)
  • U3L17 Analyse Company’s Profitability with Financial Ratios (Part 2) (C2.3)
  • U3L18 Analyse Company’s Profitability with Financial Ratios (Part 3) (C2.3)
  • U3L19 Accounting Information Used in Decisions (Part 1) (C3.1)
  • U3L20 Accounting Information Used in Decisions (Part 2) (C3.1)
  • U3L21 Financial Analysis in Decision Making (Part 1) (C3.2)
  • U3L22 Financial Analysis in Decision Making (Part 2) (C3.2)
  • U3L23 Accounting Information Outside Company (Part 1) (C3.3)
  • U3L24 Accounting Information Outside Company (Part 2) (C3.3)
  • Finish and Hand in BAF3M Unit 3 Assignment
  • BAF3M Unit 4 Overview
  • Accessibility to BAF3M Unit 4 Assignment
  • U4L1 Role of Ethics in Accounting (Part 1) (D1.1)
  • U4L2 Role of Ethics in Accounting (Part 2) (D1.1)
  • U4L3 Strict Standards In Professional Accounting (Part 1) (D1.2)
  • U4L4 Strict Standards In Professional Accounting (Part 2) (D1.2)
  • U4L5 Current Issues and Developments Impacting Accounting (Part 1) (D1.3)
  • U4L6 Current Issues and Developments Impacting Accounting (Part 2) (D1.3)
  • U4L7 Comparing Manual Accounting System With Computerized Accounting System (Part 1) (D2.1)
  • U4L8 Comparing Manual Accounting System With Computerized Accounting System (Part 2) (D2.1)
  • U4L9 Ways Technology Can Affect Accounting Function (Part 1) (D2.2)
  • U4L10 Ways Technology Can Affect Accounting Function (Part 2) (D2.2)
  • U4L11 Ways Technology Can Affect Accounting Function (Part 3) (D2.2)
  • U4L12 Advantages and Disadvantages of Technology For Accounting (Part 1) (D2.3)
  • U4L13 Advantages and Disadvantages of Technology For Accounting (Part 2) (D2.3)
  • U4L14 Distinguishing Professional Accounting Designations (Part 1) (D3.1)
  • U4L15 Distinguishing Professional Accounting Designations (Part 2) (D3.1)
  • U4L16 Distinguishing Professional Accounting Designations (Part 3) (D3.1)
  • U4L17 Identify Canadian Accounting Organizations (Part 1) (D3.2)
  • U4L18 Identify Canadian Accounting Organizations (Part 2) (D3.2)
  • U4L19 Identify and Describe Accounting Career Opportunities (Part 1) (D3.3)
  • U4L20 Identify and Describe Accounting Career Opportunities (Part 2) (D3.3)
  • U4L21 Identify and Describe Accounting Career Opportunities (Part 3) (D3.3)
  • U4L22 Education Requirements of Various Accounting Careers (Part 1) (D3.4)
  • U4L23 Education Requirements of Various Accounting Careers (Part 2) (D3.4)
  • U4L24 Education Requirements of Various Accounting Careers (Part 3) (D3.4)
  • Finish and Hand in BAF3M Unit 4 Assignment
  • BAF3M Unit 4 Online Test
  • BAF3M Final Project
  • BAF3M Final Exam
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