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.
This course has been developed based on the following Ontario Ministry of Education documents:
Unit | Suggested Time |
---|---|
Unit 1 - Accounting Cycle for a Service Business | 13.5 hours |
Unit 2 - Accounting for a merchandise business | 12.2 hours |
Mid Term Point | |
Unit 3 - Payroll and cash flow | 8.0 hours |
Unit 4 - Partnerships and Corporations | 9.7 hours |
Unit 5 - Financial analysis | 5.2 hours |
Final Assessment | |
Final Culminating Assignment | 3 hours |
Total | 112 hours |
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. |
At Agile Preparatory Academy, tests and assignments are carefully crafted to promote understanding of course content and help students achieve academic success. This success translates to high grades achieved by our students, which reflect a thorough understanding of concepts covered in the course as well as meeting and exceeding curriculum expectations.
Our teachers champion the idea that the primary purpose of assessment and evaluation is to improve student learning. Our teachers monitor student progression through the course and provide reflection and feedback that guides students towards improvement. The assessment and evaluation strategies of our school follow the Ministry of Education's policies and curriculum requirements. Our teachers use the following types of assessments to improve student learning:
Assessment for learning – These assessments include practice questions which do not contribute significantly (or at all) to the final grade. These assessments give students opportunities to practice their skills and test their knowledge prior to attempting assessments that affect their final grade. It also gives students and teachers opportunities to identify gaps in understanding and discover concepts that have been misunderstood. Here, our teacher gives students descriptive feedback and coaching for improvement.
Assessment as learning – These assessments include self reflections. The purpose of these assessments is to help students develop their capacity to be independent and autonomous learners who are able to set their own goals, monitor their own progress, determine next steps, and reflect on their thinking and learning. These tasks allow students to identify areas of strengths and weaknesses and allow them to advocate for their own learning.
Assessment of learning – These assessments contribute to the final mark of the course. Our teachers ensure that these assessments are ongoing, varied in nature, and administered over a period of time to give multiple opportunities to our students to demonstrate the full range of their learning. It allows our teachers to judge the quality of student learning with respect to curriculum expectations and assign a percentage grade to represent that quality. These assessments are designed to be fair, transparent, and equitable for of our students.
The overall grade of the course is composed of:
Most of the overall grade, 70%, is based on course work done prior to the final evaluation. This portion of the grade reflects the student's most consistent level of achievement in the course, with special consideration given to more recent evidence of achievement. Here, our teachers gather evidence of learning from assignments, projects, presentations, and tests throughout the course (Assessment of Learning), giving students multiple opportunities to perform well.
The balance, only 30% of the overall grade, is gathered from final evaluations administered at the end of the course. The final assessment may be a final exam, a final project, or a combination of both an exam and a project.
A credit is granted and recorded when the final percentage mark in this course is 50 per cent or higher.
Agile Prep Academy is a high school through which a student can earn credits towards the Ontario Secondary School Diploma (OSSD) high school diploma. We are in compliance with Ontario Ministry of Education policies, and are assessed and authorized by the Ministry to grant the OSSD diploma as well as OSSD credits.
Our courses are taught online, which allows our students to meet and exceed the online credit requirements needed for graduation. For further high school graduation requirements, including the Online learning graduation requirement, please visit the Ministry’s website.