YORK MEMORIAL COLLEGIATE INSTITUTE
Toronto District School Board
Revised August 2010 by
G. Surlan
Experiential Learning Department
Curriculum Leader:
C. Sciortino
Financial Accounting Fundamentals
Grade 11; BAF3M1; 1 credit
Prerequisite:
None.
Overall curriculum expectations:
Reference: The Ontario Curriculum, Grade 11 & 12, Business Studies, 2006 revised.
By the end of this course, students will:
Unit 1: Introduction to Accounting for a Service Business
 apply the basic procedures and principles of the accounting cycle for a service business;
 demonstrate an understanding of how accounting information is used in decision making;
 describe the discipline of accounting and its importance for business;
 describe professional accounting designations and career opportunities.
Unit 2: Accounting for a Merchandising Business
 analyse the similarities and differences in the accounting procedures and principles for a
service business, a merchandising business, and a manufacturing business;
 apply the basic procedures and principles of the accounting cycle for a merchandising
business;
Unit 3: Business Structures and Accounting Implications
 distinguish between the different types of business structures: sole proprietorship,
partnership, and corporation;
Unit 4: Ethical Practices in Accounting
 demonstrate an understanding of the regulatory and ethical framework of accounting;
 demonstrate an understanding of the importance of proper internal control systems to the
financial management of a business;
Unit 5: Technology and Financial Statement Analysis
 assess the impact of technology on the accounting functions in business.
 evaluate the financial situation of a business by analysing performance measures and
financial statements;
 is used in decision making.
Enrichment:
RUSH students will be provided with enrichment activities, both in terms of the depth and breadth of
approach to the curriculum requirements, and in terms of Pre-AP skills and strategies. Pre-AP is
designed to prepare students for success in the Advanced Placement courses offered in the school at
the grade 12 level. It consists of a three year planned program introducing and reinforcing, skills and
learning strategies that are necessary for Advanced Placement courses and will enable student
planning to take AP courses to begin these university level courses already prepared to learn at that
level.
Learning Skills and Work Habits:
Learning skills of Responsibility, Organization, Independent Work, Collaboration, Initiative and Selfregulation play a critical role in the achievement of the curriculum objectives and student success.
Opportunity to practice and improve each of these will be included in classroom activities, in
assignments, and work assigned as homework. Homework is assigned to reinforce classroom learning
and to promote academic independence; it is expected that students will complete homework in order
to be successful.
Attendance and punctuality are also essential for student success. Students who know in advance that
they will miss class must notify their teacher in advance. Tests, quizzes, and assignments due on days
that are missed are the responsibility of the student to complete or hand in and a note from a
parent/guardian is required stating the parent was aware of the assignment or test that would be missed
by the absence. All assigned work is expected on the due date. Once the final acceptable due date is
past, assignments may not be accepted, especially if the remaining assignments or tests have been
marked and returned.
Only work that was generated by the student will be evaluated in order to assess student progress.
Ideas or words that have been taken from another source, used as is, or changed slightly, constitute
plagiarism, and are a serious breach of academic honesty. Plagiarists can expect to receive no marks
for work which was not their own.
Teaching/Assessment and Evaluation Strategies
A wide variety of teaching strategies will be employed to ensure maximum opportunity for many
learning styles. Current events relating to the subject will be discussed using media resources
available in the classroom. Frequently used assessment and evaluation strategies include classroom
participation, oral presentations, written assignments, tests, and in-class writing assignments.
Formative assessments of students’ progress will be conducted regularly in order to give guidance and
assess areas of learning which need reinforcement. Formative assessments also prepare students for
unit-ending tests by introducing in quizzes the types and depth of questions which will be found in the
final tests.
Summative evaluation activities are planned to evaluate student progress in the expectations of the
course. Evaluation criteria will be provided at the outset of all assignments/tests to provide a clear
understanding of expectations being targeted. Marks are designed to reflect student progress, not any
relative importance of a particular test or assignment. The course work (exclusive of final culminating
activities) will be evaluated with the following weightings:
Knowledge & Understanding
Thinking & Inquiry
25%
25%
Application
Communication
25%
25%
Course Evaluation Plan for (BAF3M)
30% Final Evaluations
Task
Examination
Achievement Chart
Focus
All categories
Weighting
30%
70% Course Work - * Summative Evaluation
Unit 1: Introduction to Accounting for a Service Business
Task
Achievement Chart
Focus
September:
Ch. 1 Accounting & Business
All categories (KTCA)
*Career ISU
Ch. 2 The Balance Sheet
All categories
*Chapter 2 Mini-Test
October:
Ch. 3 Analyzing Changes in Financial Position
All categories
November:
*Chapter 1-3 TEST
All categories
*Transaction Analysis Assignment
Ch. 4 The Simple Ledger
All categories
*Chapter 4 TEST
December:
Ch. 5 Revenue, Expenses & Drawings
All categories
Ch. 6 The Journal & Source Documents
All categories
*Chapter 5 & 6 TEST
*GAAP Poster
January:
Ch. 7 Posting & Computer Software
All categories
Ch. 8 Worksheet & Financial Statements
Ch. 9 Completing the Accounting Cycle
*Ch. 8 & 9 TEST
February:
School Accounting Modules (SAM): Witness Fitness All categories
Centre (An accounting simulation)
Unit 2: Accounting for a Merchandising Business
Task
Ch. 11 Merchandising Business
March:
Ch. 12 Modifying Accounting Systems
*Chapter 11 & 12 TEST
April:
Due Date
Week 1-2
Week 2
Week 3-4
Week 4
Week 5-9
Week 10
Week 10
Week 10-11
Week 11
Week 12-14
Week 14-16
Week 16
Week 16
Week 17-18
Week 18-20
Week 18-21
Week 18-21
Week 21-23
Achievement Chart
Focus
All categories (KTCA)
Due Date
All categories
Week 26-27
Week 27
Week 24-25
Ch. 14 Payroll Accounting
Ch. 10 Cash Control & Banking
*Chapter 14 & 10 TEST
Income Tax Unit #6
All categories
All categories
Unit 3: Business Structures and Accounting Implications
Task
Achievement Chart
Focus
All categories (KTCA)
May:
Ch. 13 Business Organizations & Decision Making
*Chapter 13 Assignment
EXAM REVIEW
Unit 4: Ethical Practices in Accounting
Task
Case Studies
GAAPs Analysis + GAAP Poster Assignment
Unit 5: Technology and Financial Analysis
Task
Quickbooks
Microsoft Excel
Simply Accounting
*Subject to change
Week 28-29
Week 30-31
Week 32
Week 33-34
Due Date
Week 35-36
Week 37
Achievement Chart
Focus
All categories (KTCA)
Due Date
Achievement Chart
Focus
All categories (KTCA)
Due Date
Taught throughout
each chapter of the
course
Covered in Unit 1
Taught throughout
each chapter of the
course