Financial Accounting Fundamentals, Grade 11, University/College Preparation (BAF3M)




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.

Prerequisite : No Prerequisite

Grade : 11

Credit value : 1

Unit One

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.

Unit Two

Advanced Accounting Practices

  • 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.

Unit Three

Internal Control, Financial Analysis, and Decision Making

  • Demonstrate an understanding of internal control procedures in the financial management of a business
  • Evaluate the financial status of a business by analysing performance measures and financial statements
  • Explain how accounting information is used in decision making.

Unit Four

Earth and Space Science: The Study of the Universe

  • Assess some of the costs, hazards, and benefits of space exploration and the contributions of Canadians to space research and technology
  • Investigate the characteristics and properties of a variety of celestial objects visible from Earth in the night sky;
  • Demonstrate an understanding of the major scientific theories about the structure, formation, and evolution of the universe and its components and of the evidence that supports these theories