GRADE 11
FINANCIAL ACCOUNTING FUNDAMENTALS
BAF3M | ONLINE COURSE

BAF3M-Grade-11

Course Title: Grade 11 Financial Accounting Fundamentals

Course Code: BAF3M

Grade: 11

Course Type: University/College Preparation

Format: Online School Course

Prerequisite: None

Tuition Fee (CAD): $499


Course Description for BAF3M Grade 11 Financial Accounting Fundamentals Online Course

Grade 11 Financial Accounting Fundamentals (BAF3M) 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 and current issues in accounting.

Summary of Units and Timelines for Grade 11 Financial Accounting Fundamentals BAF3M

Below is the suggested sequence of course unit delivery as well as the recommended number of hours to complete the respective unit. For complete details of targeted expectations within each unit and activity, please see each Unit Overview found in the BAF3M course profile.

Unit OrderUnit NameSuggested Time
Unit 0Research10 hours
Unit 1Fundamental Accounting Practices30 hours
Unit 2Advanced Accounting Practices30 hours
Mid Semester Point
Unit 3Special Business Transactions30 hours
Unit 4Decision Making25 hours
Total125 Hours
Accounting is the language of business. It is difficult to imagine an organization or an individual that is not affected in some way by accounting. From the local corner store to the world’s largest corporation, businesses use accounting to organize, understand, and communicate all aspects of their financial position. Ultimately, it is this understanding that helps people make wise business decisions. The integration of information technology and accounting software throughout the accounting curriculum will help prepare students for today’s business environment. Students who learn not only the fundamentals of accounting, but how to think and apply that knowledge, will have the confidence to integrate accounting principles and practices into their work in a wide spectrum of careers.
Teachers will bring enthusiasm and varied teaching and assessment approaches to the classroom, addressing individual students’ needs and ensuring sound learning opportunities for every student. The activities offered should enable students to relate and apply these concepts to the social, environmental, and economical conditions and concerns of the world in which they live. Opportunities to relate knowledge and skills to these wider contexts will motivate students to learn in a meaningful way and to become life-long learners. Teachers will help students understand that problem solving of any kind often requires a considerable expenditure of time and energy and a good deal of perseverance. Teachers also will encourage students to investigate, to reason, to explore alternative solutions and to take the risks necessary to become successful problem solvers. Effective instructional approaches and learning activities draw on students’ prior knowledge, capture their interest, and encourage meaningful practise both inside and outside the classroom. Students will be engaged when they are able to see the connection between the scientific concepts they are learning and their application in the world around them and in real-life situations. Due to its importance, students will have opportunities to learn in a variety of ways- individually, cooperatively, independently, with teacher direction, through hands-on experiences, and through examples followed by practice. The approaches and strategies teachers use will vary according to both the object of the learning and the needs of the students. Teachers will accomplish this in online environment with the use of: virtual labs, online simulations, animations, videos, discussion forums, live chat and other interactive objects.
All students can succeed. Some students are able, with certain accommodations, to participate in the regular course curriculum and to demonstrate learning independently. Accommodations allow access to the course without any changes to the knowledge and skills the student is expected to demonstrate. The accommodations required to facilitate the student’s learning can be identified by the teacher, but recommendations from a School Board generated Individual Education Plan (IEP) if available can also be consulted. Instruction based on principles of universal design and differentiated instruction focuses on the provision of accommodations to meet the diverse needs of learners.
Examples of accommodations (but not limited to) include:

  • Adjustment and or extension of time required to complete assignments or summative tasks
  • Providing alternative assignments or summative tasks
  • Use of scribes and/or other assistive technologies
  • Simplifying the language of instruction

Teachers will bring additional resources and teaching materials that provide a rich and diverse learning environment. Units in this course profile make specific reference to the intended textbook for this course but can be substituted for any relevant and approved text.

Reference: Business Studies, The Ontario Curriculum, Grades 11 and 12, 2006 (Revised) Ministry of Education of Ontario

Frequently Asked Questions

BAF3M is a Grade 11 Financial Accounting Fundamentals course at a University/College preparation level.
3M refers to the Grade level of the courses and the pathway. 3 means it is a grade 11 course and M means it is a college/university preparation course.
Prerequisite: None
At Ontario Virtual School (OVS) you can complete an online highschool credit course as quickly as 4 weeks, or take as long as 12 months.
Yes, we can send your marks directly to OUAC, OCAS, your home, and to your day school.

Add another course and you will be eligible for $100 off your total fee.

You are now eligible for $100 off you total fee. Use coupon code OVS-100 upon checkout