BAT4M Grade 12 Financial Accounting introduces students to advanced accounting principles that will prepare them for post-secondary studies in business. Students in BAT4M will learn about financial statements for various forms of business ownership and how those statements are interpreted in making business decisions. This BAT4M course expands students’ knowledge of sources of financing, further develops accounting methods for assets, and introduces accounting for partnerships and corporations
Course curriculum
Inside %course-code%: accounting beyond the basics
The Grade 12 accounting credit for commerce and CPA pathways
Builds directly on BAF3M and covers the material first-year financial accounting courses assume, counting toward university and college admission as an M credit.
Assets, the hard way
Bad debts and notes receivable, FIFO, LIFO and weighted-average inventory costing, amortization methods, intangible assets and goodwill, and how each choice changes the financial statements.
Partnerships and corporations
Record income distribution for partners, common and preferred shares and dividends for corporations, and prepare and analyse the statements for each form of ownership.
Read an annual report like an analyst
Debt versus equity financing, liquidity, profitability and solvency ratios, cash flow statements, and a final video analysis of fictional companies’ financial performance.
BAT4M Course outline
Full unit-by-unit breakdown.
Review the full accounting cycle for service and merchandising businesses from BAF3M, the users of accounting information, and accounting principles including GAAP, IFRS and ASPE, with a focus on financial statements, debit-credit theory, adjusting and closing entries, and the role of ethics in accounting.
Key topics
Accounting cycle review · GAAP, IFRS and ASPE · adjusting and closing entries · financial statements · ethics in accounting
Assessed by
Unit test · problem set · end-of-unit conversation with your teacher
Account for short-term and capital assets: bad debts and notes receivable, inventory costing (FIFO, LIFO, weighted average) and its effect on statements, capital versus revenue expenditures, amortization methods for tangible assets, intangible assets such as goodwill, and internal control procedures.
Key topics
Receivables and bad debts · inventory costing methods · capital versus revenue expenditures · amortization · intangible assets and goodwill · internal controls
Assessed by
Internal controls case study with your teacher · problem set · Chapter 8 test (receivables) · Chapter 9 test (long-lived assets)
Understand how accounting for partnerships and corporations differs, record transactions for each including distribution of income, common and preferred shares and dividends, and prepare and analyse their financial statements.
Key topics
Partnership formation and income distribution · corporate share capital · dividends · financial statements for partnerships and corporations
Assessed by
Partnership case presentation · unit test · end-of-unit conversation with your teacher
Compare debt and equity financing and alternative funding sources, interpret corporate annual reports, evaluate the role of accounting information in decision making, analyse financial status with liquidity, profitability and solvency ratios, and prepare cash flow statements.
Key topics
Debt versus equity financing · annual reports · ratio analysis · cash flow statements · accounting in decision making
Assessed by
Problem set · annual reports case presentation · end-of-unit conversation with your teacher
Review the course and complete the final task: a video submission analysing the financial performance of fictional companies, followed by the final exam.
Key topics
Course review · financial performance analysis
Assessed by
Final task video analysis (10%) · final exam (15%)
