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.
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
