Orientation

Big Picture

The ledger is open, the business is operating, and you are ready to start making some money.

Bring on the customers! But wait, you need to know where all that cash is coming from or going to. Accurate records will help you make important business decisions, such as what you could spend less on to make more profit. This is similar to keeping track of your own personal spending to help you budget where your money is going.

Financial Management 1020 walks you through how to record your day-to-day business activities. After completing this course, you will be qualified to apply for an entry-level position as an accounting clerk or continue further training at a post-secondary institution. This course is also a prerequisite for Financial Management 1030: Accounting Cycle 2. It is in FIN 1030 that you will learn more about the complete accounting cycle and develop further skills for use in the field of finance.

If you decide to continue with Financial Management there are additional courses available at both the high school and post-secondary levels. More training gives you the qualifications to apply for the more interesting positions.

Project 1 consists of six training rooms to help you prepare the major project required for Financial Management 1020. In this project, you will simulate working as an entry-level accounting clerk for a service business.

Suggested completion time for the course is 25 hours. You may be able to complete it in less time or it may take you a little longer. Completing the course should not take more than 32 hours, however.

Assessment

The assessment for this course is based on the assignments for each project, the final project, and meeting the basic course competencies. Assignments to be marked by your teacher are indicated by the heading Time to Work.

You will need to create a Course Portfolio where you can add documents as you go through this course. Suggestions of what to include in the Course Portfolio are provided as you work through the projects and Training Rooms. The purpose of this portfolio is to

• allow you to showcase what you know about accounting to prospective employers and/or post-secondary institutions
  
  
• provide you with an excellent review when working on the final project
  
  
• provide the foundation for you to build on in FIN1030
  
  
• provide a reference as you continue your accounting studies

Suggested weightings are as follows, but you should confirm them with your teacher:

Basic competencies are assessed throughout the course, as indicated by your teacher. Click the Basic Competencies Rubric to familiarize yourself with what is expected.