Financial Accounting Fundamentals - BAF3M
ILC Course Code: BAF3M-B
Grade 11, University / College Preparation, 1.0 credit
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.
Option to submit course work online is available, using Microsoft Word © or OpenOffice Writer.
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.