G12 Financial Accounting Principles
Course Description
This 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.
Overall Expectations
By the end of this course, students will:
A. The Accounting Cycle
| A1 | demonstrate an understanding of accounting principles and practices; |
| A2 | demonstrate an understanding of the accounting cycle in a computerized environment for a service business and a merchandising business; |
| A3 | demonstrate an understanding of ethics and issues in accounting. |
B. Accounting Practices for Assets
| B1 | demonstrate an understanding of accounting procedures for short-term assets; |
| B2 | analyse accounting procedures for inventories; |
| B3 | demonstrate an understanding of methods of accounting for capital assets. |
C. Partnerships and Corporations
| C1 | demonstrate an understanding of accounting in partnerships; |
| C2 | demonstrate an understanding of accounting in corporations. |
D. Financial Analysis and Decision Making
| D1 | compare methods of financing; |
| D2 | explain and interpret a corporation’s annual report; |
| D3 | use financial analysis techniques to analyse accounting data for decision-making purposes. |
Course Content
| Unit | Title | Unit Time |
|---|---|---|
| Unit 1 | The Accounting Cycle | 30 hours |
| Unit 2 | Accounting Practices for Assets | 24 hours |
| Unit 3 | Partnerships and Corporations | 27 hours |
| Unit 4 | Financial Analysis and Decision Making | 24 hours | Final | Course Culminating Activity | 3 hours |
| Final Examination | 2 hours | |
| Total : 110 hrs |
Diagnostic assessment is used at the beginning of a unit to assist in determining a starting point for instruction. Assessments for Learning and as Learning (AFL & AAL) provide information to students as they are learning and refining their skills. Assessment of Learning (AOL), at the end of units and course, provides students with the opportunity to synthesize/apply/demonstrate their learning and the achievement of the expectations. The course also provides the students with a variety of ways to demonstrate their knowledge through the so-called Triangulation Assessments, which may assess students through Observation and/or Conversation (i.e. Oral Presentations or Student Interviews), as well as Student Products. The AOLs are posted at the end of each unit.
There are four levels of achievement for students who are passing the course:
- Level 1 (50-59%)
- Level 2 (60-69%)
- Level 3 (70-79%)
- Level 4 (80-100%)
Level 3 is the provincial standard for student achievement.
The final grade will include the following weighting:
| Knowledge/Understanding | Thinking/Inquiry | Communication | Application |
|---|---|---|---|
| 25 | 25 | 25 | 25 |
Seventy percent (70%) of the grade will be based on evaluation conducted throughout the course. The final evaluation will take into account the student’s most recent and most consistent performance.
Thirty percent (30%) of the grade will be based on a final evaluation consisting of the final examination and the independent study unit, which will take into account the entire course, including the student’s most recent and most consistent performance.
The evaluation for this course is based on the student’s achievement of curriculum expectations and the demonstrated skills required for effective learning. Final percentage grade represents the quality of the student’s overall achievement of the expectations for the course and reflects the corresponding level of achievement as described in the achievement chart for the discipline.
Proctoring
• The tests are typically a paper-pen evaluation written at a mutually agreed time, date, and location. The tests will be proctored, meaning a suitable adult with a dedicated identifiable and authentic email address will supervise you in writing the tests. This process ensures the security and integrity of the test. Any person related or affiliated with the student in a personal way cannot serve as a test supervisor.
Resources required by the student
- A scanner, smartphone camera, or similar device to upload handwritten or hand-drawn work
- A front-facing camera on a desktop, laptop, or mobile device to allow for proctoring over the internet
- Internet access and a modern standards-compliant web browser
The tuition for this course is $800 for Canadian students and $2000 for international students.
Refunds
Maple Leaf School does not issue refunds. When a student enrolls in our course, MLS administration team undertakes many tasks including establishing electronic/physical files, assigning teachers and tracking the enrolment for Ministry purposes, etc. The work is completed by our school the moment you register online.
Course Curriculum
| Course Information | |||
| Course Outline | 00:00:00 | ||
| Hour Breakdown | 00:00:00 | ||
| Mark Breakdown | 00:00:00 | ||
| Unit One | |||
| U1L1 | 00:00:00 | ||
| U1L2a | 00:00:00 | ||
| U1L2b | 00:00:00 | ||
| U1L3 | 00:00:00 | ||
| U1L4 | 00:00:00 | ||
| Unit Two | |||
| U2L1a | 00:00:00 | ||
| U2L1b | 00:00:00 | ||
| U2L2a | 00:00:00 | ||
| U2L2b | 00:00:00 | ||
| U2L3 | 00:00:00 | ||
| U2L4 | 00:00:00 | ||
| U2L5a | 00:00:00 | ||
| U2L5b | 00:00:00 | ||
| Unit Three | |||
| U3L1 | 00:00:00 | ||
| U3L2a | 00:00:00 | ||
| U3L2b | 00:00:00 | ||
| U3L3 | 00:00:00 | ||
| U3L4 | 00:00:00 | ||
| Unit Four | |||
| U4L1a | 00:00:00 | ||
| U4L1b | 00:00:00 | ||
| U4L2a | 00:00:00 | ||
| U4L2b | 00:00:00 | ||
| U4L3a | 00:00:00 | ||
| U4L3b | 00:00:00 | ||
| U4L4 | 00:00:00 | ||
| Final Exam | |||
| Course Culminating Activity | 00:00:00 | ||
| How to request a proctored final exam? | 00:00:00 | ||
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