Ms. Rine

Workroom 325

Telephone: (905)479 - 2787 ext: 560

e-mail: rineuhs@yahoo.ca

This course emphasizes study of accounting principles related to financial statements. Students will learn about ways in which information in these statements is used in making business decisions, and about the effects on financial statements of using different methods of inventory valuation and adjusting and reversing entries. Students will also study various means of financing a business and ways in which the strength of a corporation can be determined through the reading of its annual report.

Prerequisite: Introduction to financial Accounting, Grade 11, University/College Preparation. (BAT3M)

Accounting is not a spectator sport. Participation, regular practice, and perseverance are the keys to success. The study of accounting can be interesting, stimulating and rewarding for students who keep up with the work. I will present students with the appropriate material at a rate that will allow them to meet necessary standards. It is my intent to do this in ways that encourage students to do their best, and to help them when they need extra support. It is expected that students will complete all assigned work and review nightly; being proactive, rather than reactive.

Final Examination

All scores are entered as percentage

Punctuality is important. All students are expected to be in their seats and ready to begin at the scheduled starting time.

Regular attendance is essential for success in this course. After an absence, you must bring a note explaining your absence to the Attendance Office to obtain an admit slip to show me on the day of your return.

Class starts when the door is closed. Please have your materials out and be ready to work.

Bring your supplies to class (binder, text, pencil, pen, calculator)

You are responsible for the completion of all work that is missed during an absence. It is your responsibility, through the use of your Learning Partners, to find out what is expected and to show me the completed work. Any work missed should be made up prior to your first class back after the absence.

Homework should be completed regularly. It will be checked periodically and its completion will be considered in the evaluation of your learning skills. In the event that you did not understand your homework well enough to complete it, you are still expected to demonstrate that you have tried the assigned work.

Test dates will be announced one week in advance. Quizzes may be given with little or no warning. You will be expected to write the test on the scheduled day even if you were away beforehand. If you are ill on the day of the test, phone the school and leave a message on my voice mail extension (560). Also you must produce a note explaining your absence and make alternative writing arrangements prior to class on the day of your return to school. If you have to miss a test due to a field trip or some other school related activity, inform me in advance to make other arrangements for writing the test.

It is the responsibility of students to be academically honest in all aspects of their school work. A student who cheats on tests, or presents the work done by others as if it were his/her own (plagiarism), is being academically dishonest.

In all cases, I will conference with the student regarding the dishonest behaviour and subsequent actions required. Depending on the severity of the infraction and/or the number of instances, the consequences may include contact with parents, an alternate assignment, or a mark of zero which in some cases could result in the loss of the credit.

If you have any concerns about your progress or the course, please speak to me as soon as possible. Don’t let these concerns ‘bug you’. I am here to help you succeed –let’s work together!

Course Units

The Accounting Cycle
Advanced Accounting Practices for Assets
Partnerships and Corporations
Financial Analysis and Decision Making

Overall Expectations

By the end of this course, students will:

• demonstrate an understanding of accounting principles and practices;
• demonstrate an understanding of the accounting cycle in a computerized environment for a service business and a merchandising business;
• demonstrate an understanding of ethics and issues in accounting;
• demonstrate an understanding of accounting procedures for short-term assets;
• analyse accounting procedures for inventories;
• demonstrate an understanding of methods of accounting for capital assets;
• demonstrate an understanding of accounting in partnerships;
• demonstrate an understanding of accounting in corporations;
• compare methods of financing;
• explain and interpret a corporation's annual report;
• use financial analysis techniques to analyse accounting data for decision-making;