Guelph Collegiate Vocational Institute
Upper Grand District School Board
Course Outline
Department: Business
Course Title: Financial Accounting
Fundamentals
Course Type: University/ College
Grade: 11
Course Code: BAF3M
Credit Value: 1.0
Department Head: Stephen Fleming
Teachers: Anthea Baker, Sebastian Conti
Date of Development: 2015
Curriculum Document:
Course Prerequisites/Corequisites:
http://www.edu.gov.on.ca/eng/curriculum/se
condary/business1112currb.pdf
None.
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.
Term Work (70% of the final mark)
Unit Title, Big Ideas, and Unit Culminating Tasks
Accounting – An Introduction
This unit introduces students to various accounting operations and the effects of these operations
on individuals and businesses. Students will investigate the three professional accounting
designations, and describe the focus of each group. They will be introduced to the Generally
Accepted Accounting Principles: a set of rules which govern the field of accounting. Finally, they
will investigate the three main forms of business organization: sole proprietorship, partnership
and corporation.
Summative test on the first unit as well as a project based on accounting designations and
careers.
The Accounting Cycle for a Sole Proprietorship, Service Industry
This unit introduces students to the procedures and principles of the accounting cycle for a
service business and a sole proprietorship. In addition, the unit will concentrate on a business
which provides a service, but does not sell products. Students will examine the Accounting Cycle
which includes the collection, recording, and analysis of financial information in a fiscal period.
Summative test on the second unit.
Merchant Accounting
This unit introduces students to merchandising businesses or businesses which buy goods for
resale. Students will learn to create a new Balance Sheet account for a merchandising business the Inventory Account. Students learning that in a business, inventory and costs must be
accurately measured and recorded. Students will learn the two main ways of handling inventory
in a Merchandising Business, periodic and perpetual inventory systems.
Summative test on the third unit as well as a project on a merchandising business.
QuickBooks
This unit introduces students to QuickBooks. Students will create and manage up-to-date and
accurate accounting records.
Summative test on the forth unit using computer technology.
Culminating Tasks/Exams (30% or the final mark)
Course Culminating Task/Exams and Description
Project
This project is worth 10% of the final grade. Students will complete a project simulating the
accounting cycle for a service business.
Exam
This is an exam worth 20% of your final grade.
Based on the range of students’ learning needs, a selection from the strategies listed below may be
utilized. Refer to list of teaching and assessment strategies.
Teaching Strategies:
This course provides differentiated learning for its students by implementing the following
teaching and learning strategies:
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Activity-based Strategies: Oral presentations, panel discussion, and repetition and
practice.
Independent Learning Strategies: Homework, independent reading, independent study,
learning log, memorization, portfolio, reflection, report writing, and response journals.
Inquiry and Research Model Strategies: Inquiry process, questioning process, research
process, writing process.
Learning skills accommodation: Interpersonal intelligence, intrapersonal intelligence,
logical-mathematical intelligence, verbal-linguistic intelligence, and visual spatial
intelligence.
Technology and Media-based Strategies: Communications applications, computer assisted
instruction, email applications, Internet technologies, media presentations, media
production, and multimedia applications.
Thinking Skills Strategies: Case study, classifying, concepts verification, concept mapping,
expressing another point of view, issue-based analysis, lateral thinking, media analysis,
metacognitive reflection, oral explanation, problem posing, problem-solving, and writing
to learn.
Assessment and evaluation strategies:
Assessment and evaluation follows the Ministry of Education's Growing Success document.
Assessment is designed in such a way as to make it possible to gather and show evidence of
learning in a variety of ways to gradually release responsibility to the students, and to give
multiple and varied opportunities to reflect on learning and receive detailed feedback.
Growing Success articulates the vision the Ministry has for the purpose and structure of
assessment and evaluation techniques. There are seven fundamental principles that ensure best
practices and procedures of assessment and evaluation. Assessments and evaluations:
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are fair, transparent, and equitable for all students;
support all students, including those with special education needs, those who are learning
the language of instruction (English or French), and those who are First Nation, Métis, or
Inuit;
are carefully planned to relate to the curriculum expectations and learning goals and, as
much as possible, to the interests, learning styles and preferences, needs, and experiences
of all students;
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are communicated clearly to students and parents at the beginning of the course and at
other points throughout the school year or course;
are ongoing, varied in nature, and administered over a period of time to provide multiple
opportunities for students to demonstrate the full range of their learning;
provide ongoing descriptive feedback that is clear, specific, meaningful, and timely to
support improved learning and achievement;
develop students’ self-assessment skills to enable them to assess their own learning, set
specific goals, and plan next steps for their learning.
Textbooks/Learning Resource Materials (align with Policy 603)
Textbook: Accounting 1, 7th Edition. Syme, Ireland, Dodds
Workbook: Accounting 1, 7th Edition. Syme, Ireland, Dodds
Fees for Learning Materials/Activities
Learning Materials/Activities
Workbook: Accounting 1, 7th Edition. Syme,
Ireland, Dodds
Cost
$23
Please refer to the GCVI Student Handbook for our school policies on:
● academic integrity
● late and missed assignments