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BAF3M Financial Accounting Fundamentals
Ministry of Education Course Title: Accounting, Grade 11, Academic
Course Code: BAF3M
Grade Level: 11
Prerequisite: None
Department: Economic
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 Curriculum Expectation - all units are interrelated
Unit 1 Fundamental Accounting Practices
- Accounting as a Profession
- Generally Accepted Accounting Principles (GAAPs)
- Business Structures
- Accounting Cycle for a service business
- Financial transactions
- T-accounts and Trial Balance
- Income Statements
- Journalizing and posting
- Adjusting entries
- Financial Statements
- Closing entries
- Subsidiary and Special Journals
Unit 2 Advanced Accounting Practices
- The Accounting Cycle for a Merchandising Business
- Perpetual and Periodic Systems informational, and graphic forms and stylistic elements;
- Adjusting entries in a Merchandising business
- Accounting for sales taxes
- Computer Applications in Accounting
Unit 3 Internal Control, Financial Analysis, and Decision Making
- Elements of internal control
- Auditing
- Financial Analysis and Decision Making
Unit 4 Ethics, Impact of Technology and Careers
- Ethics in accounting and conduct
- Impact of Technology on accounting
- Careers in Accounting and Professional accounting degrees
