BAF 3M: Financial Accounting Fundamentals
Brantford Collegiate
Institute and Vocational
School
Description: This course introduces students to the fundamental principles and
procedures of accounting. Students will develop financial analysis and decisionmaking skills that will assists 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.
Teacher: Mr. P. Lovett
By the end of this course, you will:
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Demonstrate an understanding of the basic procedures and
principles of the accounting cycle for a service business
Apply accounting practices in a computerized environment
Demonstrate an understanding of internal control procedures
in the financial management of a business
Evaluate the financial status of a business by analyzing
performance measures and financial statements.
Assess the role of ethics in, and the impact of current issues on,
the practice of accounting.
Outline of Units:
Unit 1: Fundamentals of Accounting
Unit 2:The Accounting Cycle
Unit 3: The Merchandising Business
Unit 4: Decision Making, Ethics & Careers in
Accounting
UNIT 1: Fundamentals of Accounting
By the end of the unit, you will:
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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 Assessments:
1. Service Business Transactions assignment
2. Transactions & Financial Statements final
unit summative
3. Fundamentals of Accounting Test
UNIT 2: The Accounting Cycle
By the end of the unit, you will:




demonstrate an understanding of the procedures
and principles of the accounting cycle for a
service business
Demonstrate an understanding of the accounting
practices for sales tax
Apply accounting practices in a computerized
environment
Assess the impact of technology on the
accounting functions in business
Unit Assessments:
4. GAAP Research and Presentation
5. Simply Accounting Intro Activity
6. Journalizing and Posting Test
7. HST Sales Activity
8. Accounting & Microsoft Excel - Financial
Statements assessment
9. Finalizing the Accounting Cycle Unit Test
UNIT 3: The Merchandising Business
By the end of the unit, you will:



demonstrate an understanding of the procedures
and principles of the accounting cycle for a
merchandising business
Demonstrate an understanding of internal control
procedures in the financial management of a
business.
Apply accounting practices in a computerized
environment
Unit Assessments:
10. Shoes Outlet Merchandising assignment
11. Simply Accounting for a Merchandising
business
12. Merchandising Business unit test
UNIT 4: Decision Making, Ethics & Careers in Accounting
By the end of the unit, you will:




evaluate the financial status of a business by
analyzing performance measures and financial
statements
explain how accounting information is used in
decision making
asses the role of ethics in, and the impact of
current issues on, the practice of accounting
describe professional accounting designations
and career opportunities
Unit Assessments:
13. ENRON Video reflection
14. Accounting Designations research
assignment
15. Financial analysis and ratios QUEST
FINAL GRADE:
Course Work will count for 70% of the final mark in the course.
You will complete ten (10) assignments and five (5) tests throughout this course.
The Final Evaluation will count for 30% of the final mark in the course.
This evaluation will include a final examination (20%) and a final MONOPOLY assessment of your bookkeeping
and decision making skills for a service business (10%), which will be completed during class time.