BAF3M Grade 11 Financial Accounting Fundamentals Online Course

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BAF3M Grade 11 Financial Accounting Fundamentals Online Course

BAF3M COURSE min

Course Code: BAF3M

Course Type: University Preparation
Credit Value: 1.0

Format: Online School Course
Prerequisite:None

Tuition Fee (CAD): $490.00

Course Description For BAF3M Grade 11 Financial Accounting Fundamentals Online Course

This course covers the basic principles and steps of accounting. It is meant for Grade 11 Accounting students. The goal is to build vital skills in financial analysis and decision-making. These skills will help in further studies and future careers in business.

In this course, students will be introduced to account management for service and retail-oriented companies. They will also learn how to use computerized accounting systems. Also, the course addresses financial analysis, ethics, and topical accounting matters.

See how this course can help you achieve more in accounting and become a professional – Contact Us Today!

Summary Of Units And Timelines For Grade 11 Financial Accounting Fundamentals BAF3M

Unit

Titles and Descriptions

Time and Sequence

Unit 1

Introduction to Accounting for a Service Business

Students are introduced to the discipline of accounting and learn the skills necessary to complete the accounting cycle for a service business. In addition, students explore career opportunities in Accounting. The fundamental accounting equation, although not specifically mentioned in the expectations, is an integral part of any introductory accounting course.

30 hours

Unit 2

Accounting for a Merchandising Business

Students learn the key role of inventory in a business that sells products not services. They learn how inventory impacts the accounting entries that are made, the statements that are produced, and the adjusting and closing process.

25 hours

Unit 3

Business Structures and Accounting Implications

Students learn the role of the owner in the different business structures. They learn the differences in the Accounting for equity required in a sole proprietorship, a partnership or corporation. Particular focus is given to the Partnership in its various forms.

25 hours

Unit 4

Advanced Topics

In this unit students will pursue one of the following four topics in depth after being briefly introduced to each one: Extended Partnership Accounting, Corporate Accounting, Accounting for Manufacturing Businesses and Financial Control Systems.

27 hours

Unit 5

Final Evaluation

The final assessment task is a two-hour exam worth 30% of the student’s final mark.

3 hours

Total

110 hours

Financial Accounting Fundamentals

Since the over-riding aim of this course is to an accounting literacy in all students, a wide variety of instructional strategies are used to provide learning opportunities to accommodate a variety of learning styles, interests and ability levels. These include:

Problem-based models

Guided internet research

Direct Instructions

Independent Research

Discussion Groups

Research process

Oral Presentations

Interviews

Excel work sheets

Case studies

Multimedia presentations

Word processor sheets

Problem solving

Discussion groups

Interviews

Assessment is a systematic process of collecting information or evidence about a student’s progress towards meeting the learning expectations. Assessment is embedded in the instructional activities throughout a unit. The expectations for the assessment tasks are clearly articulated and the learning activity is planned to make that demonstration possible. This process of beginning with the end in mind helps to keep focus on the expectations of the course. The purpose of assessment is to gather the data or evidence and to provide meaningful feedback to the student about how to improve or sustain the performance in the course. Scaled criteria designed as rubrics are often used to help the student to recognize their level of achievement and to provide guidance on how to achieve the next level. Although assessment information can be gathered from a number of sources (the student himself, the student’s course mates, the teacher), evaluation is the responsibility of only the teacher. For evaluation is the process of making a judgment about the assessment information and determining the percentage grade or level.

Assessment is embedded within the instructional process throughout each unit rather than being an isolated event at the end. Often, the learning and assessment tasks are the same, with formative assessment provided throughout the unit. In every case, the desired demonstration of learning is articulated clearly and the learning activity is planned to make that demonstration possible. This process of beginning with the end in mind helps to keep focus on the expectations of the course as stated in the course guideline. The evaluations are expressed as a percentage based upon the levels of achievement.

The assessment will be based on the following processes that take place in the classroom:

Assessment FOR LearningAssessment AS LearningAssessment OF Learning

During this process the teacher seeks information from the students in order to decide where the learners are and where they need to go.

During this process the teacher fosters the capacity of the students and establishes individual goals for success with each one of them.

During this process the teacher reports student’s results in accordance to established criteria to inform how well students are learning.

ConversationConversationConversation

Classroom discussion Self-evaluation Peer assessment

Classroom discussion Small group discussion Post-lab conferencesPresentations of research Debates
ObservationObservationObservation
Drama workshops (taking direction) Steps in problem solvingGroup discussionsPresentations Group Presentations
Student ProductsStudent ProductsStudent Products
Reflection journals (to be kept throughout the duration of the course)
Check Lists
Success Criteria
Practice sheets
Socrative quizzes
Projects
Poster presentations Tests
In Class Presentations

A variety of strategies are used to allow students opportunities to attain the necessary skills for success in this course and at the post-secondary level of study. To facilitate learning, the teacher uses a variety of activities engaging the whole class, small groups, and individual students.

Some of the approaches to teaching/learning include

Strategy

Who

Assessment Tool

Class discussion

Teacher/student

Observation Checklist

Practical Exercises

 Teacher

Rubric or marking scheme

Daily class work

Teacher/student

Observation Checklist

Assignments

 Teacher

Rubric or marking scheme

Written test

Student

Marking scheme

Simply accounting

Teacher/student

Marking scheme

Final written exam

Teacher/student

Marking scheme

The final grade for this course will be determined as follows:

Beginning in the 2026-2027 school year, most secondary courses will require written exams as a percentage of the final course mark. All written final exams from Grades 9 to 12 will take place during the designated exam period, with the exception of the EQAO Grade 9 mathematics assessment.

In Grades 9 and 10, a student’s final mark will be based on:

  • 65% classroom work completed throughout the course
  • 20% mandatory final evaluations, broken down as described below
  • 15% attendance and participation

Subject

Grade 9

Grade 10

   English Mathematics Science

20% written exam

Note: The EQAO Grade 9 Assessment of Mathematics counts as the written exam for the MTH1W course and makes up 20% of the student’s mark.

          20% written exam

 The Arts Computer Studies Health and Physical Education Technological Education

10% written exam

10% culminating task

          10% written exam

          10% culminating task

 Canadian and World Studies

20% written exam

(Geography)

          20% written exam

          (History, Civics and Citizenship)

 Business Studies Social Sciences and Humanities

10% written exam

10% culminating task

          10% written exam

          10% culminating task

 Classical Studies and International Languages French as a Second Language Native Languages

10% written exam

10% culminating task

          10% written exam

          10% culminating task

 First Nations, Métis, and Inuit Studies

10% written exam

10% culminating task

          10% written exam

          10% culminating task

  Guidance and Career Education

N.A.

Grade 10 Career Studies (GLC2O) students only:

– 5% financial literacy graduation requirement

– 15% culminating task

In Grades 11 and 12, a student’s final mark will be based on:

– 65% classroom work completed throughout the course

– 25% mandatory final evaluations, broken down as described below

– 10% attendance and participation

Subject

Grade 11

Grade 12

 English Mathematics Science

         25% written exam

         25% written exam

  The Arts Computer Studies Health and Physical Education Technological Education

         10% written exam

         15% culminating task

         10% written exam

         15% culminating task

  Canadian and World Studies

         15% written exam

         10% culminating task

         15% written exam

         10% culminating task

  Business Studies Social Sciences and Humanities

         15% written exam

         10% culminating task

         15% written exam

         10% culminating task

 Classical Studies and International Languages French as a Second Language Native Languages

         10% written exam

         15% culminating task

         10% written exam

         15% culminating task

 First Nations, Métis and Inuit Studies

         10% written exam

         15% culminating task

Note: NBE3U and NBE3C require a 25% written exam.

         10% written exam

         15% culminating task

Frequently Asked Questions (FAQ)​​

Students learn fundamental accounting principles, financial analysis, and decision-making skills for both service and merchandising businesses.

No, there are no prerequisites.

Seventy percent is based on coursework (tests, projects, and assignments), and thirty percent comes from the final exam.

You’ll explore service and merchandising accounting, business structures (like partnerships and corporations), and advanced topics such as manufacturing and financial control systems.

Yes, you’ll use problem-solving exercises, computerized accounting tools (like Simply Accounting), and case studies to gain real-world skills.