Subject
Subject: Business Studies
Grade: 11
Credits:1.0
Type: University / College Preparation
Language of Study: English
Prerequisites:
None
Course description:
Welcome to the fundamental principles and procedures of accounting. Develop financial analysis and decision-making skills that will assist you in future studies and/or career opportunities in business. Preview Course
Interested in taking this course?
- If you are a student already enrolled in an Ontario High School, please contact your school about taking courses with TVO ILC.
- If your goal is to earn a high school diploma or if you are a homeschool student, an academic assessment of your application must be done before choosing courses, please visit Apply Now to start your application.
Grade: 11
Credits:1.0
Type: University / College Preparation
Language of Study: English
Prerequisites:
None
Course description: Welcome to the fundamental principles and procedures of accounting. Develop financial analysis and decision-making skills that will assist you in future studies and/or career opportunities in business. Preview Course
Course fees are partially subsidized for most Ontario residents. The administrative fee covers the cost for us to process your application.
Interested in taking this course?
- If you are a student already enrolled in an Ontario High School, please contact your school about taking courses with TVO ILC.
- If your goal is to earn a high school diploma or if you are a homeschool student, an academic assessment of your application must be done before choosing courses, please visit Apply Now to start your application.
Course Overview
This course introduces you to the fundamental principles and procedures of accounting. You will develop financial analysis and decision-making skills that will assist you in future studies and/or career opportunities in business. You will acquire an understanding of accounting for a service and a merchandising business, computerized accounting, financial analysis, and ethics and current issues in accounting.
Course Preview
Course Syllabus
1.1
Introduction to accounting
1.1
Introduction to accounting
1.2
Types of business organizations
1.2
Types of business organizations
1.3
The impact of technology on accounting
1.3
The impact of technology on accounting
1.4
The accounting profession
1.4
The accounting profession
1.5
Ethics and the accounting profession
1.5
Ethics and the accounting profession
1.6
Think like an accountant!
1.6
Think like an accountant!
2.1
The balance sheet
2.1
The balance sheet
2.2
Balance sheet transactions
2.2
Balance sheet transactions
2.3
The trial balance
2.3
The trial balance
2.4
The income statement
2.4
The income statement
2.5
The journal
2.5
The journal
2.6
The journal, ledger and trial balance
2.6
The journal, ledger and trial balance
2.7
The worksheet
2.7
The worksheet
2.8
Adjustments
2.8
Adjustments
2.9
Adjustments and the worksheet
2.9
Adjustments and the worksheet
2.10
Closing entries and financial statements
2.10
Closing entries and financial statements
2.11
Accounting for a service business
2.11
Accounting for a service business
3.1
Merchandising business and cost of goods sold
3.1
Merchandising business and cost of goods sold
3.2
Merchandising accounts
3.2
Merchandising accounts
3.3
Sales tax HST
3.3
Sales tax HST
3.4
Adjusting for bad debts, accrued expenses and accrued revenue
3.4
Adjusting for bad debts, accrued expenses and accrued revenue
3.5
Completing the accounting cycle for a merchandising business
3.5
Completing the accounting cycle for a merchandising business
3.6
Accounting for a merchandising business
3.6
Accounting for a merchandising business
4.1
Internal control systems and procedures
4.1
Internal control systems and procedures
4.2
Petty cash and bank reconciliation
4.2
Petty cash and bank reconciliation
4.3
Financial statement analysis
4.3
Financial statement analysis
4.4
Financial ratios
4.4
Financial ratios
4.5
Think like an accountant: Business scenarios
4.5
Think like an accountant: Business scenarios
4.6
Final culminating project - Think like an accountant - Case study
4.6
Final culminating project - Think like an accountant - Case study