Grade 11 - Accounting

ACCOUNTING 11

Curricular Competency

Content

Big Ideas

Applied Design

Applied Skills

Applied Technologies

Services and products can be designed through consultation and collaboration.

Financial literacy promotes sound and effective business design.

Tools and technologies can be adapted for specific purposes.

Conduct research to acquire a deep understanding of the issue and its context

Identify criteria for success, constraints, and possible unintended negative consequences

Identify and use a variety of sources of inspiration and information

Generate ideas, individually and collaboratively, to contribute to the creation of a business product

Use applicable and effective approaches for choosing a strategy of developing solutions

Determine ethical considerations of proposed strategies and solutions

Create a draft approach to satisfy business needs

Determine the location of data sources and develop accounting efficiencies for initial setup and ongoing processing

Identify and obtain critical feedback from multiple sources, both initially and over time

Based on feedback received and evaluated, make changes to accounting products or processes as needed

Perform applicable analyses to uncover trends, patterns, and relationships

Assess the current and projected financial strength of a business

Obtain pertinent information through different sources

Identify tools, technologies, materials, processes, and time needed for development and implementation

Share progress during the accounting cycle to generate feedback and promote collaboration

Describe the financial status of enterprises based on analysis of financial documents

Assess their ability to work effectively, both individually and collaboratively, including the ability to implement project management processes

Choose an appropriate form, scale, and level of detail for communicating outcomes in a clear and concise manner

Demonstrate an awareness of safety issues for themselves, co-workers, and users in both physical and digital environments

Identify and assess skills needed related to current or projected tasks, and develop specific plans to learn or refine skills over time

Apply a framework for solving problems and making important financial decisions

Explore existing, new, and emerging tools, technologies, and systems and evaluate their suitability for the task at hand

Evaluate impacts, including unintended negative consequences, of choices made about technology use

Use digital technologies to generate results and support facts and findings

role of accounting in business

the accounting cycle

accounting principles

accounting equation

relationship between debit and credit entries

source documents, general journals, ledgers, accounts payable and receivable, and trial balances, and the relationships between them

special journals

chart of accounts

preparation process of financial documents and statements

financial decision making using financial documents

coordination and facilitation skills for projects and processes

interpersonal and presentation skills to promote products or services and to interact with potential customers/clients

career options and opportunities in various accounting sectors

industry best practices