FINANCIAL ACCOUNTING - BAT 4M1

Projects/Presentations Assignments Tests, Quizzes IRP Final Exam Total

10% 30% 25% 10% 25% 100%

IRP (Independent Research Project): As required, each student will prepare and present an IRP, worth 10% of your final mark. The student will be evaluated based on the timeliness, completeness, thoroughness and comprehension of the project. Late Assignments: Any assignment submitted late will have a mark of 2% per day deducted from the mark. After 5 days, the assignment will not be accepted and a mark of zero will be assigned. Once an assignment has been marked and handed back to the class, it may not be submitted for marking. Plagiarism: Westlanes policy for plagiarism as stated in the student hand book will be followed. This includes students submitting the same assignment either copied or with a different name. An automatic mark of zero will be assigned and no alternative assignment will be given. Units of Study Unit 1 Accounting Cycle Unit 2 Accounting Practices for Assets Unit 3 Partnerships and Corporations Unit 4 Financial Analysis and Decision Making

NOTE: Grade 11 Introduction to Financial Accounting is a pre-requisite for this course. Any questions, please ask Mrs. Dove

BAT 4M1 COURSE OUTLINE

REVIEW Accounting cycle Merchandise accounting Types of businesses - sole proprietorship, partnership, corporation Excel Review

Expansion of the accounting cycle Adjusting entries Closing entries Accural accounting Reversing entries Inventory - FIFO, LIFO One step and multi-step balance sheet Internal control Accounts Receivable and Liabilities Credit granting Uncollectibles - write offs Book value and net realization Current and long term liabilities Legal and financial implications Inventory Periodic Perpetual Inventory control Technological impact Plant Assets and Depreciation Cost principle Straight line Units of production Declining balance Consistency Tax purposes Repairs and maintenance Disposal Annual Report and Financial Statement Objective Users Ratios and percents Issues Disclosure Income tax Technology Forecasting Financial, economic and political issues Corporate income tax Careers