Analyzing Transactions
Accounting Transaction Analysis: Exercises 2-3 Page 70-71 Use Pages 61-69 to guide you through the exercises
Continue reading »Source Documents and Equation Analysis
What is a business transaction? What are source documents? The GAAPs and IFRS OBJECTIVITY PRINCIPLE (GAAP) IFRS – “Reliability – Neutrality” To be reliable, the information contained with the financial statements must be neutral, that is, free from bias. Additional Practice and Review Read pages 58-59, Questions 1-7, Exercises 1 Updating the analysis sheet and balance sheet Additional Practice and […]
Continue reading »Work Period
Read pages 58-59 Copy new GAAP into your notes Complete Review Questions 1-7 Exercises 1-4 Read 61-69 Review Questions 1-10 Page 69 If you are done, attempt: Challenge Exercise 7 Page 81-82 The Week in Review: A very good video summarizing many of the topics we have covered in the first two weeks
Continue reading »Work Period
Please use the period to complete: Millionaire Case Studies Due Monday Accounting Career Ads Activity Due Monday Exercise 3 Page 29 – submit at the end of the period Balance Sheet Quiz Monday
Continue reading »Who Wants to be a Millionaire?
Who Wants to be a Millionaire: Read it here: The Millionaire Next Door Key Questions to focus on (you should be able to answer these when you are done): What is an asset and liability? What is net worth? equity? Activity: Due Friday Feb. 8th (please print a hard copy for submission) Wealth Calculator (age x income)/10 Actual net worth […]
Continue reading »The Role of Accounting
Review TIMETABLES make sure you are in the correct class Accountants as Scorekeepers Discussion: the different types of accounting and the different designations Previous Accounting designations: CA’s, CGA’s and CMA’s In 2013 CMA and CA members voted for a new unified designation: CPA (Chartered professional Accountant) cpacanada.ca On October 1, 2014 CPA Canada signed an agreement to merge with Certified […]
Continue reading »Accounting Stakeholders
Discussion: Internal and External Stakeholders Questions to consider: Who do accountants report to? Why is the information and analysis they provide so important? What types of decisions require the work of accountants?
Continue reading »About the Course
Financial Accounting Fundamentals, (BAF3M) Grade 11, University/College Preparation This course 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. Students will acquire an understanding of accounting for a service and a merchandising business, computerized accounting, financial analysis, and ethics […]
Continue reading »Welcome to Grade 11 Introduction to Financial Accounting with Mr.Scorcia / Semester Two / Spring 2019
Please complete the following: Introductions This is the place for resources, course policy, assignments, activities and a summary of all we do and learn together in class. It is your responsibility to check the class blog daily, share with your parents, and use the tools for learning provided here for you. Be sure to subscribe to get e-mail updates whenever […]
Continue reading »