This course introduces students to the fundamental principles and procedures of accounting.
Courses Type: University/College Preparation
Prerequisite: None
Grade 11 Accounting introduces students to the fundamental principles and procedures of accounting. Throughout the course, students will develop the kinds of financial analysis and decision-making skills that will assist them in future studies and/or career opportunities in business. Through the various units of this course, students will: acquire an understanding of computerized accounting and financial analysis; learn how to process accounts for both service and merchandise-based businesses, as well as develop an understanding of current ethical issues in the field of accounting.
BAF3M Online Course Outline and Timeline
Below is the suggested sequence of course unit delivery as well as the recommended number of hours to complete the respective unit. For complete details of targeted expectations within each unit and activity, please see each Unit Overview found in the BAF3M course profile.
| Unit Order | Unit Name | Suggested Time |
|---|---|---|
| Unit 1 | Introduction to Accounting | 20 Hours |
| Unit 2 | The Expanded Ledger | 22 Hours |
| MID SEMESTER POINT | ||
| Unit 3 | Completing the Accounting Cycle | 22 Hours |
| Unit 4 | Merchandising Accounting | 22 Hours |
| Unit 5 | Financial Analysis | 22 Hours |
| Final Summative | Exam | 2 Hours |
| View Sample GradebookTotal | 110 Hours |
Please note, as per Ministry guidelines, OVS has a mandatory 14 day minimum requirement for student enrollment to be eligible for a midterm report card and 28 days enrollment to be eligible for a final report card.
Fundamental Concepts Covered in Grade 11 Accounting Online Course
Accounting is the language of business. It is difficult to imagine an organization or an individual that is not affected in some way by accounting. From the local corner store to the world’s largest corporation, businesses use accounting to organize, understand, and communicate all aspects of their financial position. Ultimately, it is this understanding that helps people make wise business decisions. The integration of information technology and accounting software throughout the accounting curriculum will help prepare students for today’s business environment. Students who learn not only the fundamentals of accounting, but how to think and apply that knowledge, will have the confidence to integrate accounting principles and practices into their work in a wide spectrum of careers.