Unit 14 lessons
Accounting foundations and ethical business
- Why accounting matters55 minutes
- Trustworthy information and source evidence65 minutes
- Business forms and equity60 minutes
- Ethics in action65 minutes
Ontario Grade 11 · BAF3M
Financial Accounting Fundamentals
Build the full accounting cycle by doing it: analyze evidence, journalize, post, adjust, prepare statements, control cash, and complete a merchandising simulation.
24 lessonsUniversity/college preparationNo prerequisiteWorked examplesPractice + solutionsPrintable
Financial Accounting Fundamentals course sequence
Unit 24 lessons
The accounting equation and financial statements
- Accounts and the basic equation60 minutes
- Transaction analysis and the expanded equation70 minutes
- Measuring profit and owner's equity65 minutes
- The balance sheet and statement links70 minutes
Unit 34 lessons
Journals, ledgers, and the trial balance
- Debit, credit, and the chart of accounts70 minutes
- From source document to general journal75 minutes
- Posting to the general ledger70 minutes
- Trial balance and error detection75 minutes
Unit 44 lessons
Adjustments, the worksheet, and closing
- Accrual accounting and timing70 minutes
- Adjusting entries80 minutes
- The accounting worksheet80 minutes
- Closing and the post-closing trial balance80 minutes
Unit 54 lessons
Merchandising, inventory systems, and HST
- From service business to merchandiser75 minutes
- Periodic inventory transactions80 minutes
- Perpetual inventory transactions80 minutes
- Ontario HST and a merchandising cycle85 minutes
Unit 64 lessons
Cash controls, analysis, technology, and careers
- Cash controls and bank reconciliation85 minutes
- Budgets, ratios, and decisions85 minutes
- Spreadsheets, software, and information security80 minutes
- Accounting careers and cumulative transfer90 minutes