Iroquois Ridge High School

BAF3M – Financial Accounting Fundamentals - Course Outline

Jeff Boulton	boultonj@hdsb.ca	http://www.jeffboulton.ca
	Period 5	115
Daniel Lustrinelli	lustrinellid@hdsb.ca	http://lustrinellid.googlepages.com
	Period 4	121

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.

*This course counts as one credit toward the Business Certificate.

Curriculum

Students final report card grade will be based on the evidence provided of these overall curriculum expectations:

1. Explain the purpose of accounting and its importance to service and merchandising businesses.
2. Distinguish the characteristics of sole proprietorship, partnership and corporation.
3. Demonstrate knowledge of and skills related to completing the complete accounting cycle for both service and merchandising businesses (using both manual and computerized methods) with consideration given to the accounting practices for sales tax.
4. Describe management procedures used for internal control of businesses’ financial assets, and demonstrate appropriate control measures.
5. Assess financial performance and company decisions based on simple financial ratios.
6. Examine current issues and assess the importance of ethics within the accounting profession.
7. Describe professional accounting designations and career opportunities.

Your Report Card Grade will be determined as follows:

Term work: 70% of your grade will be based on all of the evidence you have provided. It will reflect your most consistent level of achievement with special consideration given to more recent evidence.	10% Knowledge & Understanding: Emphasizes the ability to recall factual information, recognize fundamental concepts and the foundational skills of the subject/discipline. 35% Application: Emphasizes the application and integration of knowledge, skills, processes and techniques to produce evidence of the student’s understanding. 14% Thinking: Emphasizes the thinking skills used in thinking processes to demonstrate the student’s understanding of information they have processed. 11% Communication: Emphasizes the clear, precise and effective use of oral, written and visual language to communicate the student’s understanding of information and ideas.
Final Evaluation: 30% of your grade will be determined at the end of the course.	15% Performance Task
	15% Written Exam
Your final grade will be calculated by combining your Term (70%) grade and your Exam and Performance Task Evaluations (30%).

Academic Standards

It is your responsibility to provide evidence of your learning within established timelines. Due dates for assignments and the scheduling of tests will be communicated well in advance to allow you to schedule your time. If you aren’t going to be able to follow an agreed upon timeline you should demonstrate your responsibility and organizational skills by discussing with your teacher the challenges you’re facing as far in advance of the deadline as possible.

It is your responsibility to be academically honest in all aspects of your schoolwork so that the marks you receive are a true reflection of your achievement.

Plagiarism is using the words, ideas or work of someone else without giving appropriate credit to the original creator. This is a form of cheating.

Consequences for not meeting these academic standards may include:

· Reporting the issue to your parents;

· Requiring you to complete the original or alternative work after school or during your lunch hour;

· Requiring you to complete an alternative assignment;

· Suspension;

· Assigning a “zero” for an assignment not completed prior to an agreed upon closure date;

· Mark deduction of 5% / day.

NOTE: the complete HDSB policies and administrative procedures for “Lates and Missed Assignments” and “Cheating and Plagiarism” policies may be found at www.hdsb.ca

Learning Skills & Work Habits

These learning skills and work habits will be taught, assessed and evaluated throughout the course.