BAF3M



THE DR. G.W. WILLIAMS SECONDARY SCHOOLBUSINESS STUDIES DEPARTMENTCOURSE PROFILEGRADE 11 – BAF3MINTRODUCTION TO FINANCIAL ACCOUNTINGMrs. Gorman: (905) 727-3131 ext.431 nancy.gorman@yrdsb.edu.on.caDESCRIPTION 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.Prerequisite: NoneTHE GOALS OF BUSINESS STUDIESThe fundamental purpose of the business studies program is to provide students with the knowledge, skills, and attitudes necessary to achieve success in secondary school, the workplace, postsecondary education or training and daily life.Five Critical Areas of Learning in all Business Studies Courses:*Business Skills*Communication in a Business Environment*Digital Literacy*Financial Literacy*Ethical, moral, and legal considerations and/or determinations in Business“The Ontario Curriculum, Grades 11 and 12” p. 4; 2006UNITS OF STUDY AND COURSE OBJECTIVESUNITSApprox. Time1.Fundamental Accounting Practices*Introduction to Accounting as a Discipline*Business Structures*The Accounting Cycle for a Service Business30 – 35 hrs2.Advanced Accounting Practices*The Accounting Cycle for a Retail Business*Accounting for Sales Tax*Computer Applications in Accounting18 – 25 hrs3.Internal Control, Financial Analysis and Decision-Making***Internal Control Procedures*Financial Analysis & Decision Making15 – 20 hrs4.Ethics, Impact of Technology and Careers ***Ethics & current Issues*Impact of Technology*Careers in Accounting10 – 15 hrs** Some topics within these units will be presented throughout the courseTextbook: ACCOUNTING 1, Sixth Edition Syme*Ireland, Prentice Hall, Replacement Value: $100.00Evaluation:Term……………………………… 70%Final Evaluation …………… 30%Total ……………………………. 100% On going student evaluation/assessment of 70% will incorporate the following four categories in equal weighting: KnowledgeThinkingCommunicationApplication17.5%17.5%17.5%17.5%Assessment and Evaluation Strategies Informal ObservationRubrics and ChecklistsIndividual/Group AssignmentsQuizzesTestsCase StudiesOral PresentationsWritten PresentationsInterviewsPeer EvaluationSelf EvaluationRole PlayingDebatingGraphic OrganizersResearchingLEARNING SKILLSStudents will also be evaluated using a four-point scale (E-excellent; G-good; S-satisfactory; and N-needs improvement) on their learning skills in the following five categories:LEARNING SKILLThe Student:ResponsibilityCompletes and submits class work, homework, and assignments according to agreed-upon timelines.Takes responsibility for and manages own behavior.Self RegulationSets own individual goals and monitors progress towards achieving them.Seeks clarification or assistance when anizationDevises and follows a plan and process for completing work and tasks.Establishes priorities and manages time to complete tasks and achieve goals.InitiativeDemonstrates the capacity for innovation and a willingness to take risks.Demonstrates curiosity and interest in learning.Independent WorkUses class time appropriately to complete tasks.Follows instructions with minimal supervision.CollaborationResponds positively to the ideas, opinions, values, and traditions of others.Shares information, resources, and expertise and promotes critical thinking to solve problems and make decision.While “Learning Skills” do not receive marks, they do have a strong impact on learning and achievement.Additional Information:Students are expected to arrive to class on time and attend on a regular basis.Should a student be absent, it is the student’s responsibility to make every effort to make up all missed work and submit all assignments. Missed tests should be written on the day of return. Students are expected to bring to class, not only their textbook and workbook*, but also a binder with lined paper, pen, pencil, ruler, calculator and any other supplies needed to complete assignments. (graph paper, markers, pencil crayons, glue sticks etc.)Assignments must be submitted on or before due dates. Please refer to the Business Department Expectations and your agenda.Students are encouraged to seek additional assistance, if needed, during class, lunch and/or after school. Don’t let small problems during the semester grow to a crisis at the end. Remember, we are here to help you and we want you to succeed!THE DR. G.W. WILLIAMS SECONDARY SCHOOLBUSINESS STUDIES DEPARTMENTCOURSE PROFILEGRADE 11 – BAF3MINTRODUCTION TO FINANCIAL ACCOUNTINGMrs. Gorman: (905) 727-3131 ext.431 nancy.gorman@yrdsb.edu.on.caDESCRIPTION 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.Prerequisite: NoneTHE GOALS OF BUSINESS STUDIESThe fundamental purpose of the business studies program is to provide students with the knowledge, skills, and attitudes necessary to achieve success in secondary school, the workplace, postsecondary education or training and daily life.Five Critical Areas of Learning in all Business Studies Courses:*Business Skills*Communication in a Business Environment*Digital Literacy*Financial Literacy*Ethical, moral, and legal considerations and/or determinations in Business“The Ontario Curriculum, Grades 11 and 12” p. 4; 2006UNITS OF STUDY AND COURSE OBJECTIVESUNITSApprox. Time1.Fundamental Accounting Practices*Introduction to Accounting as a Discipline*Business Structures*The Accounting Cycle for a Service Business30 – 35 hrs2.Advanced Accounting Practices*The Accounting Cycle for a Retail Business*Accounting for Sales Tax*Computer Applications in Accounting18 – 25 hrs3.Internal Control, Financial Analysis and Decision-Making***Internal Control Procedures*Financial Analysis & Decision Making15 – 20 hrs4.Ethics, Impact of Technology and Careers ***Ethics & current Issues*Impact of Technology*Careers in Accounting10 – 15 hrs** Some topics within these units will be presented throughout the courseTextbook: ACCOUNTING 1, Sixth Edition Syme*Ireland, Prentice Hall, Replacement Value: $90.00Evaluation:Term……………………………… 70%Final Evaluation …………… 30%Total ……………………………. 100% On going student evaluation/assessment of 70% will incorporate the following four categories in equal weighting: KnowledgeThinkingCommunicationApplication17.5%17.5%17.5%17.5%Assessment and Evaluation Strategies Informal ObservationRubrics and ChecklistsIndividual/Group AssignmentsQuizzesTestsCase StudiesOral PresentationsWritten PresentationsInterviewsPeer EvaluationSelf EvaluationRole PlayingDebatingGraphic OrganizersResearchingLEARNING SKILLSStudents will also be evaluated using a four-point scale (E-excellent; G-good; S-satisfactory; and N-needs improvement) on their learning skills in the following five categories:LEARNING SKILLThe Student:ResponsibilityCompletes and submits class work, homework, and assignments according to agreed-upon timelines.Takes responsibility for and manages own behavior.Self RegulationSets own individual goals and monitors progress towards achieving them.Seeks clarification or assistance when anizationDevises and follows a plan and process for completing work and tasks.Establishes priorities and manages time to complete tasks and achieve goals.InitiativeDemonstrates the capacity for innovation and a willingness to take risks.Demonstrates curiosity and interest in learning.Independent WorkUses class time appropriately to complete tasks.Follows instructions with minimal supervision.CollaborationResponds positively to the ideas, opinions, values, and traditions of others.Shares information, resources, and expertise and promotes critical thinking to solve problems and make decision.While “Learning Skills” do not receive marks, they do have a strong impact on learning and achievement.Additional Information:Students are expected to arrive to class on time and attend on a regular basis.Should a student be absent, it is the student’s responsibility to make every effort to make up all missed work and submit all assignments. Missed tests should be written on the day of return. Students are expected to bring to class, not only their textbook and workbook*, but also a binder with lined paper, pen, pencil, ruler, calculator and any other supplies needed to complete assignments. (graph paper, markers, pencil crayons, glue sticks etc.)Please note: Students will be required to purchase an accounting workbook, the cost of which will be given on the first day of classes. ( $ 30.00 )*Assignments must be submitted on or before due dates. Please refer to the Business Department Expectations and your agenda.Students are encouraged to seek additional assistance, if needed, during class, lunch and/or after school. Don’t let small problems during the semester grow to a crisis at the end. Remember, we are here to help you and we want you to succeed! ................
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