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BAF3M Financial Accounting Fundamentals – GRADE 11


GRADE : 11 (University/College)


BAF3M online at Profectus 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. In BAF3M online, 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.

UNIT 1 :

Fundamental Accounting Practices (22hrs)

Students will be able to:

  • Describe the discipline of accounting and its importance for business.
  • Describe the differences among the various forms of business organization.
  • Demonstrate an understanding of the basic procedures and principles of the accounting cycle for a service business.

UNIT 2 :

Advanced Accounting Practices (22hrs)

Students will be able to:

  • Demonstrate an understanding of the procedures and principles of the accounting cycle for a merchandising business.
  • Demonstrate an understanding of the accounting practices for sales tax.
  • Apply accounting practices in a computerized environment.

UNIT 3 :

Internal Control, Financial Analysis and Decision Making (22hrs)

Students will be able to:

  • Demonstrate an understanding of internal control procedures in the financial management of a business.
  • Evaluate the financial status of a business by analysing performance measures and financial statements.
  • Explain how accounting information is used in decision making.

UNIT 4 :

Ethics, Impact of Technology and Careers (22hrs)

Students will be able to:

  • Assess the role of ethics in, and the impact of current issues on, the practice of accounting.
  • Assess the impact of technology on the accounting functions in business.
  • Describe professional accounting designations and career opportunities.


Course Culmination (22hrs)

The Culminating Unit incorporates all four strands of the Business Curriculum, and covers the four achievement chart categories. It consists of two parts:

  • Culminating Project worth 15% and a
  • Final Exam worth 15%

Online Course Policies

Listed below are various mandatory policies as you take on this course.

  • Attendance is regularly tracked through student contributions to online discussion boards, assignment completion, and learning logs. Failure to complete allocated activities may challenge the student’s ability to attain the credit.
  • This course will be presented using an asynchronistic model whereby work will be posted on the Google Classroom and it is the student’s responsibility to complete it on their own time.
  • ALL portions of this course are intended to be learned and completed online.
  • Final Exams and Tests will be written on site at Profectus Academy of Toronto. Course instructors will relay this information to students and families.
  • The integrity of student work will be checked on an ongoing basis using Quetext or Turnitin. Plagiarism is not tolerated.

Assessment & Evaluation Policies

The primary purpose of assessment and evaluation is to improve student learning. The Achievement Chart for Business will guide all assessment and evaluation.

Knowledge and Understanding

The final grade will be determined as follows:

  • 70% based on Assessment OF Learning (including conversations, observations and products) conducted throughout the course.
  • 30% based on Culminating Tasks administered at or towards the end of the course.

Assessment and evaluation is divided into two important parts. The grade the student receives on a midterm or final report indicates achievement/ proficiency in Curriculum Expectations. A level of competence (Needs Improvement, Satisfactory, Good or Excellent) will be assessed and reported in the area of Learning Skills and Work Habits: Independent Work, Collaboration, Responsibility, Initiative, Self-Regulation, and Organization.