Financial Accounting Principles – BAT4M

Description

This Grade 12 course introduces advanced accounting principles that prepare students for postsecondary business studies. Students examine financial statements for different forms of business ownership, advanced asset accounting, partnerships, corporations, financing and financial analysis. Computerized accounting and interpretation of financial information are used to support business decision making.

What You’ll Learn

• Apply advanced accounting principles and practices in service and merchandising businesses.
• Use a computerized accounting cycle and prepare and interpret financial statements.
• Apply accounting procedures for short-term assets, inventory and capital assets.
• Understand accounting for partnerships and corporations.
• Compare debt and equity financing and interpret corporate annual reports.
• Use financial-analysis techniques, ratios and cash-flow information to support business decisions.

Skills You’ll Develop

• Advanced accounting procedures
• Computerized accounting and spreadsheets
• Financial statement and annual-report analysis
• Ratio analysis and financial decision making
• Accuracy, professional judgement and ethical reasoning

Learning Outcomes

• Demonstrate understanding of advanced accounting principles, practices and ethics.
• Apply the accounting cycle in a computerized environment for service and merchandising businesses.
• Apply accounting procedures for short-term assets, inventory and capital assets.
• Explain and apply accounting practices for partnerships and corporations.
• Compare methods and sources of financing.
• Interpret corporate annual reports and use financial-analysis techniques to analyze accounting data.