Our Lady of Mount Carmel
Department of Business Studies
Course Name: Financial Accounting Fundamentals
Course Code: BAF 3M
Level:
Grade 11, University/College Prep
Teacher:
Period:
Room:
Course Overview:
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.
Curriculum Strands and Overall Expectations:
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.
Advanced Accounting Practices
Demonstrate an understanding of the procedures and principles of the accounting cycle for
merchandising business;
Demonstrate an understanding of the accounting practices for sales tax;
Apply accounting practices in a computerized environment.
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.
Ethics, Impact of Technology, and Careers
Assess the role of ethics in, and the impact of current issues on, the practice of accounting;
Assess the impact of technology on the accounting functions in business;
describe professional accounting designations and career opportunities.
Assessment and Evaluation:
Students will be assessed & evaluated according to the work produced & skills displayed. Methods of
providing feedback may include assessing work in process & evaluating completed assignments,
quizzes, tests, co-operative learning activities, research, and presentations.
Category Weightings
Term (70%):
Knowledge & Understanding
Thinking
Communication
Application
30%
25%
15%
30%
Final (30%):
Culminating Activity
Final Exam
10%
20%
Achievement Categories:
Knowledge/
Understanding
Thinking/Inquiry
knowledge of facts and terms
critical and creative thinking
skills (e.g., evaluating business
situations; analysing financial
data and solving business
problems; making decisions)
understanding of concepts,
principles, and theories
understanding of relationships
between concepts and ideas
inquiry skills (e.g.,generating
ideas; formulating questions;
planning; selecting strategies
and resources; analysing,
interpreting, and assessing
information; forming
conclusions)
Communication
communication of information
and ideas (e.g., through
writing, visual and oral
presentations)
use of language, symbols,
and visuals
communication for different
audiences and purposes (e.g.,
choice of language and style
relevant to business
environments)
Application
application of concepts, skills, and
procedures in familiar contexts
transfer of concepts, skills, and
procedures to new contexts
use of equipment, materials, and
technology
application of technology (e.g.
choice of tools and software,
ethical use)
making connections (e.g. between
use of various forms of
personal experiences and the
communication (e.g., memos,
subject, between the subjects and
letters, reports)
the world outside the school
Feedback will also be provided for student learning skills. Skills like working independently, team work, organization, work habits and homework, and
initiative are assessed independently student achievement and will be conducted through the use of a rubric indicating specific criteria to be achieved
to receive each of the following letter grades:
E –Excellent
G – Good
S – Satisfactory
N - Needs Improvement
Achievement Levels:
Level 1: 50 – 59%
Limited knowledge and/or
success
Level 2: 60 – 69%
Some knowledge and/or
success
Level 3: 70 – 79%
Considerable knowledge
and/or success
Level 4: 80 – 100%
Thorough understanding &
mastery of skills
Please refer to your student agenda for the following policies:
Evaluation
Attendance
Uniform
th
Student Textbook: Accounting 1, 6 edition, Replacement cost: $80.00
Student Workbook: The course textbook has an accompanying workbook in which students will complete chapter
activities and review.
Student: (print name)
__________________________ Signature: ____________________________
Parent/Guardian Signature: ___________________________ Date:
____________________________