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Course Information

All Grade 11 courses

Financial Accounting Fundamentals - BAF3M

ILC Course Code: BAF3M-B

Grade 11, University / College Preparation, 1.0 credit

Course Description

This course introduces you to the fundamental principles and procedures of accounting. You will develop financial analysis and decision-making skills that will assist you in future studies and/or career opportunities in business. You will acquire an understanding of accounting for a service and a merchandising business, computerized accounting, financial analysis, and ethics and current issues in accounting.

Please note: an English or French Windows PC is required to run the Simply Accounting software that is part of this course.

Online Submission

Option to submit course work online is available, using Microsoft Word © or OpenOffice Writer.

Supplementary materials

A PC computer is required for the accounting software.

Unit 1: Introduction to Accounting

Lesson 1 - Introduction to Accounting and the Balance Sheet

Lesson 2 - Balance Sheet Transactions

Lesson 3 - The Income Statement

Lesson 4 - The Journal

Lesson 5 - The Journal, Ledger, and Trial Balance

Unit 2: Completing the Accounting Cycle for a Service Business

Lesson 6 - The Worksheet

Lesson 7 - Adjustments

Lesson 8 - The Worksheet and Financial Statements

Lesson 9 - Merchandising Businesses

Lesson 10 - Merchandising Accounts

Unit 3: Completing the Accounting Cycle for a Merchandising Company

Lesson 11 - Internal Control Systems and Procedures

Lesson 12 - Petty Cash and Bank Reconciliation

Lesson 13 - Adjusting Entries for a Merchandising Company

Lesson 14 - Completing the Accounting Cycle for a Merchandising Company

Lesson 15 - Interpreting Accounting Data

Unit 4: Accounting Software, Budgeting, Forms of Business Organization, and Careers and Ethics in Accounting

Lesson 16 - Budgets and Accounting Systems

Lesson 17 - Technology and Accounting

Lesson 18 - Using Accounting Software

Lesson 19 - Forms of Business Organization: Sole Proprietorship, Partnerships, and Corporations

Lesson 20 - Careers in Accounting

This is the English version of the course.

Click here to view the French version of the course.