The courses for Accounting are as follows:
Accounting 11
Accounting 12
Financial Accounting 12

Accounting 11
Accounting Concepts	It is expected that students will: explain the role of accounting in business describe the relationship between debit and credit entries explain the importance of ethics, integrity, and honesty in finance explain the relationships among assets, liabilities, and owner's equity describe the relationships among journals, ledgers, trial balances, and financial statements in the accounting cycle justify the use of accounts in business compare various career opportunities in bookkeeping and accounting
Financial Data	It is expected that students will: differentiate between various source documents demonstrate skill in recording a variety of transactions in a general journal demonstrate proficiency in using the double-entry accounting system demonstrate proficiency in setting up and posting to a ledger use software to create financial statements use a variety of special journals relevant to a service business develop reports based on special journals
Presentation	It is expected that students will: demonstrate proficiency in preparing trial balances and financial statements from worksheets, both manually and electronically prepare reports using worksheets, post-closing trial balances, income statements, and balance sheets develop the basic accounting equation from a balance sheet
Analysis	It is expected that students will: describe the financial status of enterprises based on analyses of financial statements assess the current and projected financial strength of a business using financial statements

Accounting 12
Financial Data	It is expected that students will: compare financial reporting used in single proprietorships, partnerships, and corporations prepare basic payroll, remittances, and required payroll tax documents assess, choose, and justify appropriate inventory accounting systems for a business apply inventory accounting methods using software compare periodic and perpetual inventory methods explain the use of sales journals, purchase journals, cash receipt journals, and cash payment journals in merchandising businesses demonstrate proficiency in using accounts receivable, accounts payable, and merchandise accounting procedures demonstrate proficiency in using cash control procedures defend the need for security systems, data protection, and backup for accounting records
Presentation	It is expected that students will: classify and record information into general, payroll, accounts receivable, and accounts payable ledgers using manual and computerized accounting procedures summarize information from ledgers into reports for analysis, both manually and electronically design and produce an inventory report using software prepare and evaluate short-term and long-term budgets present payroll accounts, deductions, and income tax documents using manual and electronic methods outline the importance of budgeting in managing personal and business finances prepare and present reports on career opportunities in accounting
Analysis	It is expected that students will: analyse financial statements analyse statements of earnings for various businesses describe ways in which financial data are used draw conclusions based on differences between budgeted and actual transactions

Financial Accounting 12
Financial Concepts	It is expected that students will: justify the application of generally accepted accounting principles (GAAP) explain the relationships among assets, liabilities, and owner's equity explain the relationship between debit and credit entries describe and explain the uses of journals, ledgers, trial balances, and financial statements explain the standard classification and numbering of accounts describe the similarities and differences between cost of goods sold accounts and expense accounts identify sources and uses of cash related to the cash flow statement differentiate between the accounting needs of service and merchandising businesses describe relationships among different forms of capital and current assets describe career opportunities associated with various fields of accounting
Financial Data	It is expected that students will: prepare general journal entries using GAAP demonstrate proficiency in setting up and posting to a general ledger record adjusting and closing entries and a post-closing trial balance use journal entries to record the purchase and sale of goods evaluate internal control procedures used for inventory and cash describe appropriate methods to report petty cash demonstrate standard methods to reconcile bank statements describe the use of the allowance method and the direct write-off method of accounting for uncollectable accounts describe the most common methods for calculating depreciation and changes in assets
Presentation	It is expected that students will: prepare financial statements for various businesses prepare an overall budget, combining data from various departmental budgets demonstrate the uses of cash flow statements use a schedule of cost of goods sold to estimate ending inventory prepare a bank reconciliation statement
Analysis	It is expected that students will: analyse financial statements and changes in financial position for various businesses explain the use of budgeting in managing personal and business finances defend recommendations based on a comparison of budgeted and actual transactions explain methods used to issue debt, common and preferred shares, bonds, and promissory notes propose methods to deal with employee errors, theft, and fraud compare different types of investments explain and justify the use of various inventory methods

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