COURSE OUTLINE OF BAF3M

Course Development: Lighthouse Academy Canada
Department: Business
Teacher: Ontario Certified Teacher (OCT)
Course Development Date: Oct. 2021
Course Reviser: None
Course Revision Date: Not Applicable
Course Title: Financial Accounting Fundamentals, Grade 11, University Preparation
Course Code: BAF3M
Grade: 11
Course Type:  University/college
Credit Value: 1
Prerequisite: None

Name of Ministry Curriculum Policy Document(s):

Course Description

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

Overall Expectations

  1. describe what the accounting discipline is and what’s its importance for business;
  2. describe the differences among the various forms of business organization;
  3. demonstrate an understanding of the basic procedures and principles of the accounting cycle for
    a service business.
  1. demonstrate an understanding of the procedures and principles of the accounting cycle for a
    merchandising business;
  2. demonstrate an understanding of the accounting practices for sales tax;
  3. apply accounting practices in a computerized environment.
  1. demonstrate an understanding of internal control procedures in the financial management of a business;
  2. evaluate the financial status of a business by analysing performance measures and financial
    statements;
  3. explain how accounting information is used in decision making.
  1. assess the role of ethics in, and the impact of current issues on, the practice of accounting;
  2. assess the impact of technology on the accounting functions in business;
  3. describe professional accounting designations and career opportunities.

Units: Titles and Hours

Unit

Titles and Descriptions

Hours

Unit 1

Fundamental Accounting Practices

27

Unit 2

Advanced Accounting Practices

24

Unit 3

Internal Control, Financial Analysis, and Decision Making

23

Unit 4

Ethics, Impact of Technology, and Careers

24

Final Exam

2

Total

110

Learning Skills

The following learning skills will be taught and assessed throughout the course and will be shown on the report card. Students’ performance in these skill areas will not be included in the final numeric mark. It is important to remember, however, that the development and consistent practice of these skills will influence academic achievement. These skills include:

Work Habits

Initiative

Team Work

Independent Work

Organization

Teaching Strategies

  • Direct Instruction
  • Laboratory activities
  • Multimedia presentations
  • Individual work
  • Team work
  • Problem solving
  • Report and project presentation
  • Computer aided demonstrations
  • Model construction
  • Discussion
  • Question and answer sessions

Assessment and Evaluation Guidelines

Assessment and evaluation are based on the provincial expectations and levels of achievement outlined in the provincial curriculum document for each subject in secondary school. A wide range of assessment and evaluation opportunities allows students to demonstrate their learning in a variety of ways. This information provides the basis for reporting student grades on the Provincial Report Card. Achievement (reflected in a final mark) will be calculated using the following categories:

  • Knowledge and Understanding: Subject-specific knowledge acquired in course content
  • Thinking/Inquiry: Critical thinking processes as follows: processing skills (analyzing, evaluating) and critical thinking processes (problem solving, decision making, research)
  • Application: The use of chemical knowledge and skills to make connections with texts: chemistry related problem solving, Writing and balancing chemical equations, drawing flow chart of chemical processes
  • Communication: Conveying of meaning via presentations, participation and written report

Knowledge/Understanding

Thinking/Inquiry

Application

Communication

35 %

20 %

25 %

20 %

The student’s grade for the term marks will be based on the most consistent achievement with emphasis on the most recent within each category.

Students will also receive descriptive feedback as part of the learning process which may not be assigned a mark.

Final Mark = 70% Term + 30% Final Evaluation

Achievement Level Chart

Grade Range (%)

Achievement Level

Description

80-100

Level 4

A very high to outstanding level of achievement. Achievement is above the provincial standard.

70-79

Level 3

A high level of achievement.  Achievement is at the provincial standard.

60-69

Level 2

A moderate level of achievement.  Achievement is below, but approaching the provincial standard.

70-79

Level 1

A passable level of achievement.  Achievement is below the provincial standard.

<50

Insufficient achievement, a credit will not be granted.

Considerations for Program Planning

In order to achieve the curriculum expectations, the program is planned to conduct a variety of activities considering the following but not limited to:

  • ­­­­­Provide effective instructional approaches and learning activities draw on students’ prior knowledge, capture their interest, and encourage meaningful practice both inside and outside the classroom.
  • Provide students with opportunities to learn in a variety of ways – individually, cooperatively, independently, with teacher direction, through hands-on experiences, and through examples followed by practice.
  • Provide activities and challenges that actively engage students in inquiries that honor the ideas and skills students bring to them, while further deepening their conceptual understandings and essential skills.
  • Motivate students to examine the opinions and values of others, detect bias, look for implied meaning in their readings, and use the information gathered to form a personal opinion or stance.
  • Provides opportunities for students to engage in various oral activities in connection with expectations in all the strands, such as brainstorming to identify what they know about the new topic they are studying, discussing strategies for solving a problem, presenting and defending ideas or debating issues, and offering critiques of models and results produced by their peers.
  • Encourage students to use ICT to support and communicate their learning.
  • Motivate students to develop a variety of important capabilities, including the ability to identify issues, conduct research, carry out experiments, solve problems, present results, and work on projects both independently and as a team.

Accommodations

Accommodations will be based on meeting with parent, teachers, administration and external educational assessment report. The following three types of accommodations may be provided:

  • Instructional accommodations: such as changes in teaching strategies, including styles of presentation, methods of organization, or use of technology and multimedia.
  • Environmental accommodations: such as preferential seating or special lighting.
  • Assessment accommodations: such as allowing additional time to complete tests or assignments or permitting oral responses to test questions.

Other examples of modifications and aids, which may be used in this course, are:

  • Provide step-by-step instructions.
  • Help students create organizers for planning writing tasks.
  • Record key words on the board or overhead when students are expected to make their own notes.
  • Allow students to report verbally to a scribe (teacher/ student) who can help in note taking.
  • Permit students a range of options for reading and writing tasks.
  • Where an activity requires reading, provide it in advance.
  • Provide opportunities for enrichment.

Teaching/Learning Resources

  • Handouts: Relevant handouts will be given to students
  • Multimedia and presentation packages: will be presented from time to time
  • Websites of Ontario Curriculum Centre: www.curriculum.org

Teaching/Learning Materials

Subject binder, stationary set, pen, pencils, eraser, sharpener, ruler, geometry set, lined/grid graph paper, blank paper, scientific calculator.

Additional Information

Behavior

Every student is expected to respect other students’ right to a safe and supportive learning environment. Students are expected to behave in a considerate and reasonable manner at all times. A “zero tolerance” policy with respect to bullying, threatening, harassment, abusive language, spam, disruptive behavior and lack of respect is in effect and misbehavior may result in your removal from the course.

Academic Integrity

Students are expected to submit original work. Students who seek to attain academic advantage or help someone else obtain such advantage through cheating will receive a grade of zero. Any assignments submitted that are not original will receive a mark of zero. Students who persist in submitting un-cited or improperly cited assignments may be suspended or withdrawn from the course