Business Studies

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

Grade: 11

Type: University/College Preparation

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

Grade: 11

Type: University/College Preparation

Prerequisites: None

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

These learning resources support both Teacher led instruction and independent study.

For independent study, Learners may engage in active notebook reflection whenever prompted to participate in Discussions, Partner Activities, or Quizzes. No assignments can be submitted to TVO for grading or credit.

Educators may refer to the For Teachers page for extra information.

These learning resources support both Teacher led instruction and independent study.

For independent study, Learners may engage in active notebook reflection whenever prompted to participate in Discussions, Partner Activities, or Quizzes. No assignments can be submitted to TVO for grading or credit.

Educators may refer to the For Teachers page for extra information.

24 Lessons

5 Lessons

1.1 Introducing accounting

1.2 Understanding different types of business

1.3 Exploring the impact of technology on accounting

1.4 Learning about the accounting profession

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

These learning resources support both Teacher led instruction and independent study.

These learning resources support both Teacher led instruction and independent study.

5 Lessons

1.1 Introducing accounting

1.2 Understanding different types of business

1.3 Exploring the impact of technology on accounting

1.4 Learning about the accounting profession

1.5 Understanding ethics and the accounting profession

10 Lessons

2.1 Using balance sheets

2.2 Learning about balance sheet transactions

2.3 Learning about trial balance sheets

2.4 Understanding the income statement

2.5 Learning about the journal

2.6 Working with the journal, ledger and the trial balance

2.7 Exploring the worksheet

2.8 Understanding adjustments

2.9 Adding adjustments to the worksheet

2.10 Closing entries and financial statements

5 Lessons

3.1 Merchandising business and cost of goods sold

3.2 Merchandising accounts

3.3 Learning about sales tax - HST

3.4 Adjusting for bad debts, accrued expenses and accrued revenue

3.5 Completing the accounting cycle for a merchandising business

4 Lessons

4.1 Using internal control systems and procedures for solving problems

4.2 Handling petty cash

4.3 Analyzing financial statements

4.4 Analyzing financial ratios

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

These learning resources support both Teacher led instruction and independent study.

These learning resources support both Teacher led instruction and independent study.

Unit 1 : The world of accounting 5 Lessons .chain-link{fill:#3d4649;} .icon-circle{fill:#e6e6e6;}

1.1 Introducing accounting 1.1 Introducing accounting

1.2 Understanding different types of business 1.2 Understanding different types of business

1.3 Exploring the impact of technology on accounting 1.3 Exploring the impact of technology on accounting

1.4 Learning about the accounting profession 1.4 Learning about the accounting profession

1.5 Understanding ethics and the accounting profession 1.5 Understanding ethics and the accounting profession

Unit 2 : The accounting cycle for a service business 10 Lessons .chain-link{fill:#3d4649;} .icon-circle{fill:#e6e6e6;}

2.1 Using balance sheets 2.1 Using balance sheets

2.2 Learning about balance sheet transactions 2.2 Learning about balance sheet transactions

2.3 Learning about trial balance sheets 2.3 Learning about trial balance sheets

2.4 Understanding the income statement 2.4 Understanding the income statement

2.5 Learning about the journal 2.5 Learning about the journal

2.6 Working with the journal, ledger and the trial balance 2.6 Working with the journal, ledger and the trial balance

2.7 Exploring the worksheet 2.7 Exploring the worksheet

2.8 Understanding adjustments 2.8 Understanding adjustments

2.9 Adding adjustments to the worksheet 2.9 Adding adjustments to the worksheet

2.10 Closing entries and financial statements 2.10 Closing entries and financial statements

Unit 3 : The accounting cycle for a merchandising business 5 Lessons .chain-link{fill:#3d4649;} .icon-circle{fill:#e6e6e6;}

3.1 Merchandising business and cost of goods sold 3.1 Merchandising business and cost of goods sold

3.2 Merchandising accounts 3.2 Merchandising accounts

3.3 Learning about sales tax - HST 3.3 Learning about sales tax - HST

3.4 Adjusting for bad debts, accrued expenses and accrued revenue 3.4 Adjusting for bad debts, accrued expenses and accrued revenue

3.5 Completing the accounting cycle for a merchandising business 3.5 Completing the accounting cycle for a merchandising business

Unit 4 : Accounting, financial analysis & decision making 4 Lessons .chain-link{fill:#3d4649;} .icon-circle{fill:#e6e6e6;}

4.1 Using internal control systems and procedures for solving problems 4.1 Using internal control systems and procedures for solving problems

4.2 Handling petty cash 4.2 Handling petty cash

4.3 Analyzing financial statements 4.3 Analyzing financial statements

4.4 Analyzing financial ratios 4.4 Analyzing financial ratios

5 Lessons

1.1 Introducing accounting

1.2 Understanding different types of business

1.3 Exploring the impact of technology on accounting

1.4 Learning about the accounting profession

1.5 Understanding ethics and the accounting profession

10 Lessons

2.1 Using balance sheets

2.2 Learning about balance sheet transactions

2.3 Learning about trial balance sheets

2.4 Understanding the income statement

2.5 Learning about the journal

2.6 Working with the journal, ledger and the trial balance

2.7 Exploring the worksheet

2.8 Understanding adjustments

2.9 Adding adjustments to the worksheet

2.10 Closing entries and financial statements

5 Lessons

3.1 Merchandising business and cost of goods sold

3.2 Merchandising accounts

3.3 Learning about sales tax - HST

3.4 Adjusting for bad debts, accrued expenses and accrued revenue

3.5 Completing the accounting cycle for a merchandising business

4 Lessons

4.1 Using internal control systems and procedures for solving problems

4.2 Handling petty cash

4.3 Analyzing financial statements

4.4 Analyzing financial ratios