Course code

BAT4M

Study time

110 hours

Level

Grade 12

Credit Value

1.0

Prerequisite

BAF3M, Grade 11 Financial Accounting Fundamentals

Curriculum Policy

Business Studies, The Ontario Curriculum, Grades 11 and 12, 2006 (Revised)

BAT4M

course features
GRADE 12 FINANCIAL ACCOUNTING PRINCIPLES

Course Description

Grade 12 Accounting introduces students to advanced accounting principles that will prepare them for post-secondary studies in business. Students will learn about financial statements for various forms of business ownership and how those statements are interpreted in making business decisions. This course expands student’s knowledge of sources of financing, further develops accounting methods for assets, and introduces accounting for partnerships and corporations.

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Unit 1: The Accounting Cycle

Learn about GAAP and IFRS accounting principles and practices such as, matching principle, conservatism principle, and realization principle. What role does CIACA play in setting and regulating accounting principles? Analyze the importance of ethics in accounting and the impact ethical frauds has on accounting regulations. Get a refresh on how to record and report accounting information using excel.

Unit 2: Accounting Practices for Assets 

Learn how to record short term assets correctly such as accounts receivable and how to write-off the balances that will not be received. Learn about different inventory methods such as: average cost; first-in, first-out; last-in, first-out; and specific identification. Learn why companies might want to choose one method over the other. Learn how to record capital assets and amortize them properly.

Unit 3: Partnership and Corporation

Student will learn the difference in preparing financial statements for a partnership and corporations. As well as learn how to make a Cash Flow statement in this unit.

Unit 4: Financial Analysis and Decision Making

Learn about the different methods of financing and compare the advantages and disadvantages of each. We will learn about bond, notes payable, loans, common shares vs preferred shares, venture capital, government loans, and government grants. Learn how to properly read the financial reports and interpret them to make decisions.

Frequently asked questions

What Are 4M Courses?

4M refers to the Grade level of the courses and the pathway. 4 means it is a grade 12 course and M means it is a university or college preparation course.

When do I start my course?

OAC has ongoing enrolment, which means students may register and get started on any day of the year! Students will be able to begin their courses within 24 hours, even when registration takes place on a weekend. Any registrations submitted on a statutory holiday will be processed the next day.

How long does it takes to complete a course?

Each course is completed at the student’s own pace, whether that means finishing quickly or taking advantage of our full 12-month time limit. There are no schedules or due dates to follow, so students decide when to hand in their assignments and when to take their tests to meet any personal deadlines they might have.

Will Online Alathena College send grades to student's home school?

If a student attends another Ontario high school in addition to OAC, we maintain regular contact with the student’s home school as they progress through their course. We will provide updates at three key intervals: a letter of enrolment, a midterm report, and a final report. The student’s home school will then ensure that any credits earned at OAC are added to the student’s transcript.
We provide these same updates (notification of enrolment, midterm grades, and final grades) to accounts within the Ontario Universities’ Application Centre (OUAC) and the Ontario College Application Service (OCAS) for any students applying to post-secondary institutions. OAC will also communicate directly with international and out-of-province colleges and universities when necessary.

Do students require any additional resources (i.e., textbooks)?

Every student will need access to a desktop computer or laptop with high-speed internet and word processing software.
All OAC course content is contained within our learning environment, so no textbooks are required.  Any course-specific resources (i.e., calculators, software downloads, etc.) are listed on the individual course outline pages on our website.

Do Online Alathena College's OSSD courses count toward the Ontario Secondary School Diploma?

Absolutely! OAC is inspected by the Ontario Ministry of Education and qualified to issue Ontario Secondary School Diploma credits, which are the same credits earned by students in traditional public and private schools. 
To verify our status as an inspected private school, please visit the Ministry of Education Website. Our Ministry BSID# is 881704.

Are Online Alathena College credits recognized by colleges and universities?

After more than 15 years in operation, Online Alathena College has established a distinguished reputation among colleges and universities across Canada and around the world. Any post-secondary institution that accepts Ontario Secondary School Diploma (OSSD) credits will recognize credits from OAC. We always recommend contacting any potential post-secondary institutions directly to inquire about their admissions policies and program requirements.

Do Online Alathena College credits fulfil the online learning requirement for graduation in Ontario?

The Ministry of Education defines online courses as Grade 9-12 e-Learning courses. Our Online OSSD credit course is delivered to students using an asynchronous model. The teacher provides individual support for student learning, includes student tasks, homework, online discussion boards, blogs, pre-recorded video lessons, tutorials, assignments, tests and other forms of assessment.
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