BAT4M Financial Accounting Principles

BAT4M Financial Accounting Principles, Grade 12

Course Outline

BAT4M_Accounting12

Course Title: Financial Accounting Principles 12, University/College
Course Name: Financial Accounting Principles
Course Code: BAT4M
Grade: 12
Course Type: University / College Preparation
Credit Value: 1.0
Prerequisite: Financial Accounting Fundamentals, Grade 11
Curriculum Policy Document: Business Studies, The Ontario Curriculum, Grades 11 and 12, 2006 (Revised)
Course Developer: Erin W.
Department: Business Studies
Department Head: Erin Weir, B.A.(Hon), B.Ed., OCT
Developed Date: 2019
Most Recent Revised Date: 2023 by Erin E.

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Course Description :

Financial Accounting Principles – BAT4M course introduces students to advanced accounting principles that will prepare them for postsecondary studies in business. Students will learn about financial statements for various forms of business ownership and how those statements are interpreted in making business decisions. This course expands students’ knowledge of sources of financing, further develops accounting methods for assets, and introduces accounting for partnerships and corporations.

 

Unit Unit Titles and Descriptions Time and Sequence
1 The Accounting Cyle
Learn about GAAP and IFRS accounting principles and practices such as, matching principle, conservatism principle, and realization principle. What role does CIACA play in setting and regulating accounting principles? Analyze the importance of ethics in accounting and the impact ethical frauds has on accounting regulations. Get a refresh on how to record and report accounting information using excel.
30 hours
2 Accounting Practices for Assets
Learn how to record short term assets correctly such as accounts receivable and how to write-off the balances that will not be received. Learn about different inventory methods such as: average cost; first-in,first-out; last-in, first-out; and specific identification. Learn why companies might want to choose one method over the other. Learn how to record capital assets and amortize them properly.
32 hours
3 Partnership and Corporation
Learn the difference in preparing financial statements for a partnership and corporations. As well as learn how to make a Cash Flow statement.
26 hours
4 Financial Analysis and Decision Making
Learn about the different methods of financing and compare the advantages and disadvantages of each. We will learn about bond, notes payable, loans, common shares vs preferred shares, venture capital, government loans, and government grants. Learn how to properly read the financial reports and interpret them to make decisions.
34 hours
Final Assessment
  Project
This project is worth 10% of the final grade. Students will complete a project simulating the accounting cycle for a service business.
6 hours
  Exam
This is a proctored exam worth 20% of your final grade.
2 hours
  Total 110 hours
Overall Expectations: BAT4M:

All course material is online, no textbook purchase required. Resources and references for course materials will be provided on course webpage. Students are expected to watch and read all lecture videos and reading materials provided, and complete relevant exercises at student’s time of continence.

A. The Accounting Cycle
By the end of this course, students will:
. demonstrate an understanding of accounting principles and practices;
. demonstrate an understanding of the accounting cycle in a computerized environment for a service business and a merchandising business;
. demonstrate an understanding of ethics and issues in accounting
B. Accounting Practices for Assets
By the end of this course, students will:
. demonstrate an understanding of accounting procedures for short-term assets;
. analyse accounting procedures for inventories;
. demonstrate an understanding of methods of accounting for capital assets.
C. Partnerships and Corporations
Overall Expectations By the end of this course, students will:
. demonstrate an understanding of accounting in partnerships;
. demonstrate an understanding of accounting in corporations.
D. Financial Analysis and Decision Making
By the end of this course, students will:
. compare methods of financing;
. explain and interpret a corporation’s annual report;
. use financial analysis techniques to analyse accounting data for decision-making purposes.

Teaching / Learning Strategies:

Assessment and Evaluation:

The Final Grade

The Report Card

Achievement Chart: Overall

Achievement Chart – Business, Grades 9–12

Resources required by students

Program Planning Considerations for Business
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