Introduction

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.

An OSSD credit course

This course has been developed based on the following Ontario Ministry of Education documents:

  • The Ontario Curriculum, Grades 11 and 12 Business Studies, Revised 2006
  • Growing Success: Assessment, Evaluation, and Reporting in Ontario Schools (2010)

Course Details


Course Code
BAF3M
Course Type
University/College Prep
OSSD Credit Value
1.00
Pre-requisite
None
Department
Business Studies
Tuition Fee
Ontario students $850 CAD
Students out of Ontario $1500 CAD

Major Units and Allocated Time

UnitSuggested Time
Unit 1 - What is Accounting?5.7 hours
Unit 2 - Introduction to Balance Sheets11.3 hours
Unit 3 - Expanding the General Ledger10.6 hours
Mid Term Point
Unit 4 - Completing the Accounting Cycle14.3 hours
Unit 5 - Completing the Accounting Cycle for a Merchandise Business9.1 hours
Final Assessment
Final Summative Assignment Travel Trailers3 hours
Total112 hours
Read more of course content
All course content is accessed online.

Curriculum Expectations

A Fundamental Accounting Practices
A1describe the discipline of accounting and its importance for business;
A2describe the differences among the various forms of business organization;
A3demonstrate an understanding of the basic procedures and principles of the accounting cycle for a service business.
B Advanced Accounting Practices
B1demonstrate an understanding of the procedures and principles of the accounting cycle for a merchandising business;
B2demonstrate an understanding of the accounting practices for sales tax;
B3apply accounting practices in a computerized environment.
C Internal Control, Financial Analysis, and Decision Making
C1demonstrate an understanding of internal control procedures in the financial management of a business;
C2evaluate the financial status of a business by analysing performance measures and financial statements;
C3explain how accounting information is used in decision making.
D Ethics, Impact of Technology, and Careers
D1assess the role of ethics in, and the impact of current issues on, the practice of accounting;
D2assess the impact of technology on the accounting functions in business;
D3describe professional accounting designations and career opportunities.
Read more of curriculum expectations

How you are assessed in this course

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.

Assessment FOR / AS / OF learning

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 Final Grade

The overall grade of the course is composed of:

  • 70% from course work
  • 30% from final evaluation

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.

The OSSD credit

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.