Course name: Financial Accounting Fundamentals Course code: (BAF3M)

Grade: 11
Credits:1.0
Type: University / College Preparation
Language of Study: English
Prerequisites: None
Course description: Welcome to the fundamental principles and procedures of accounting. Develop financial analysis and decision-making skills that will assist you in future studies and/or career opportunities in business. Preview Course
Interested in taking this course? Please note:
  • If you are a student already enrolled in an Ontario High School, please contact your school about taking courses with TVO ILC.
  • If your goal is to earn a high school diploma or if you are a homeschool student, an academic assessment of your application must be done before choosing courses, please visit Apply Now to start your application.
BAF3M Financial Accounting Fundamentals Grade 11 online course
Regular price
CA$40.00
Sale price
CA$40.00
Unit price
per 
Interested in taking this course? Please note:
  • If you are a student already enrolled in an Ontario High School, please contact your school about taking courses with TVO ILC.
  • If your goal is to earn a high school diploma or if you are a homeschool student, an academic assessment of your application must be done before choosing courses, please visit Apply Now to start your application.
Grade: 11
Credits:1.0
Type: University / College Preparation
Language of Study: English
Prerequisites: None
Course description: Welcome to the fundamental principles and procedures of accounting. Develop financial analysis and decision-making skills that will assist you in future studies and/or career opportunities in business. Preview Course

Course Overview

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.

Course Preview

This course is designed for independent study.
This course is designed for independent study. To review the lessons, please visit this page with a computer or tablet.
29 Lessons

1.1   Introduction to accounting

1.2   Types of business organizations

1.3   The impact of technology on accounting

1.4   The accounting profession

1.5   Ethics and the accounting profession

1.6   Think like an accountant!

2.1   The balance sheet

2.2   Balance sheet transactions

2.3   The trial balance

2.4   The income statement

2.5   The journal

2.6   The journal, ledger and trial balance

2.7   The worksheet

2.8   Adjustments

2.9   Adjustments and the worksheet

2.10   Closing entries and financial statements

2.11   Accounting for a service business

3.1   Merchandising business and cost of goods sold

3.2   Merchandising accounts

3.3   Sales tax HST

3.4   Adjusting for bad debts, accrued expenses and accrued revenue

3.5   Completing the accounting cycle for a merchandising business

3.6   Accounting for a merchandising business

4.1   Internal control systems and procedures

4.2   Petty cash and bank reconciliation

4.3   Financial statement analysis

4.4   Financial ratios

4.5   Think like an accountant: Business scenarios

4.6   Final culminating project - Think like an accountant - Case study



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