This course introduces students to advanced accounting principles that will prepare them for post-secondary studies in business.
Courses Type: University/College Preparation
Prerequisite: BAF3M, Grade 11 Financial Accounting Fundamentals
Grade 12 Accounting introduces students to advanced accounting principles that will prepare them for post-secondary 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 student’s knowledge of sources of financing, further develops accounting methods for assets, and introduces accounting for partnerships and corporations.
BAT4M 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 BAT4M course profile.
| Unit Order | Unit Name | Suggested Time |
|---|---|---|
| Unit 1 | THE ACCOUNTING CYCLE | 22 Hours |
| Unit 2 | ADVANCED ACCOUNTING FOR ASSETS | 22 Hours |
| MID SEMESTER POINT | ||
| Unit 3 | ACCOUNTING FOR LONG-LIVED ASSETS | 22 Hours |
| Unit 4 | PARTNERSHIP AND CORPORATION ACCOUNTING | 21 Hours |
| Unit 5 | FINANCIAL ANALYSIS AND ETHICS | 21 Hours |
| Course Summative | Final Exam | 2 Hours |
| Total | 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 12 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.