BAT4M Financial Accounting Principles – Grade 12 (University/College)

BAT4M online is one of over 160 secondary school courses that Blyth Academy Online offers.

Courses Offered

 
 
 
 
 
 
 
 
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PREREQUISITE: Financial Accounting Fundamentals, Grade 11, University/College Preparation

GRADE: 12 (University/College)

AVAILABILITY: Blyth Academy Online

THE ONTARIO CURRICULUM: Business Studies

BAT4M online introduces students to advanced accounting principles that will prepare them for postsecondary 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. BAT4M online expands students’ knowledge of sources of financing, further develops accounting methods for assets, and introduces accounting for partnerships and corporations.

UNIT ONE

The Accounting Cycle
Essential Question: How do businesses organize their financial activities?
  • In this unit, students will begin by familiarizing themselves with some accounting principles that will be elaborated on as they go through the remainder of the course. These principles will allow students to make decisions that are appropriate under the Generally Accepted Accounting Principles (GAAP). They will also be analyzing transactions to make journal entries, adjusting entries which will help generate financial statements.

UNIT TWO

Accounting Practices for Assets
Essential Question: How do businesses organize their financial activities that affect assets?
  • In this unit, students will be learning about merchandising companies and how assets are their primary source of business. Students will be looking at the different ways of valuing Inventory, which is a significant part of a merchandising company’s asset. Accounts receivable is another significant asset that affects a merchandising company’s profit. Like the previous unit, there are entry adjustments that need to made when inventory is sold, or when accounts receivable become due. Students will be looking at different methods of accounting for inventory and accounts receivable and comparing which one is more effective in different situations.

UNIT THREE

Partnerships and Corporations
Essential Question: What are the advantages and disadvantages of a sole proprietorship?
  • In this unit, students will be learning about two other forms of businesses which are Partnerships and Corporations. As discussed in the very first lesson, there are three ways of running a business: sole proprietorship, partnership, and corporation. One of the key things that students will notice as a difference between a partnership and corporation is through the way we account for the equity. For example in a partnership, we would refer to the equity section as owner’s equity, and corporations would call it shareholder’s equity. Students will look more closely into these differences as they progress in this unit.

UNIT FOUR

Financial Analysis and Decision Making
Essential Question: How do businesses organize their business activities?
  • In this unit, students will mainly focus on different methods of financing and analyzing the information that is presented through financial statements, whether it is a quarterly report or annual report. As mentioned in the beginning of the course one of the main purposes of accounting is to help in the decision-making process. The financial statements, journal entries, ratio calculations all lead up to the idea of decision making. In this unit, students will be able to determine the financial position of a business through looking at their financial statements and reports.

CULMINATING PROJECT

10% of Final Grade
  • This project is one of the final evaluations of BAT4M online. This project will challenge students to use the knowledge they gained throughout the course and is worth 10% of the final grade.

FINAL EXAM

Proctored Exam
20% of Final Grade
  • This exam is the final evaluation of BAT4M online. Students need to arrange their final exam 10 days in advance. All coursework should be completed and submitted before writing the final exam, please be advised that once the exam is written, any outstanding coursework will be given a grade of zero. The exam will be two hours.
  • Please consult our Frequently Asked Questions Page or the Exam section within your course for details on exam proctoring options.  
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Though our physical doors remain temporarily closed, the minds of our students stay open. Summer classes are continuing to meet on their regular daily schedules, in virtual classrooms with face-to-face instruction and peer interaction.  The Blyth Academy model of small class sizes, flexible scheduling and individualized approach have enabled us to remain faithful to our standards. Our commitment to ongoing and meaningful communication between school, teachers, students and families has been critical to this effort.

Although our students have transitioned into summer mode and COVID-19 restrictions have begun to loosen, we are looking ahead to what September will hold for our campuses and families.
We want to be clear - our preference and our priority is to get students back to our campuses, but we must ensure this is done in a safe and effective way. While we await official guidance from Public Health and the Ministry of Education, a "return to school" task force has been hard at work putting concrete operational plans in place for all likely scenarios. This includes a full return to campus with safeguards, a blended model of virtual and in-campus learning and the continuation of fully virtual classrooms. All scenarios will provide robust learning and live, daily instruction and interaction with teachers and peers. 
With ten campuses across Ontario, we realize that each one of our schools is a unique space and community. We will be implementing across-the-board policies on hand washing, facility cleaning and social distancing measures. Each school is also prepared to pivot individually based on the guidance of local health authorities and to best serve students and families. 
Our recent survey showed that over 80 per cent of Blyth Academy families are eager to return to campuses, and we are hard at work to prepare for this day. As September's scenario becomes clearer and more information becomes available, we will continue to communicate. 

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