Course Introduction

Big Picture

 

Everyone at some time needs to start tracking and recording their financial information. On a personal level, this may mean creating a family budget, planning for a major purchase, or balancing a chequebook. On a business level, a lot more planning and organization is required to track and record all the activity involved. The success of a business can rely on this process! FIN1015: Accounting Prep is an introduction into the realities of this organization process based on a small service business. You may already have some experience in financial management or this may be your first introduction to the subject.

 

Listen to what past students of Financial Management had to say about these courses.

 

In FIN1015, you will start an accounting system for a business. This course is also a prerequisite for FIN1020: Accounting Cycle 1, where you will go on to track daily business transactions using the accounting system you complete in this course.

 

The majority of your assignments will require the use of a spreadsheet application such as Microsoft Excel¬Æ. No prior knowledge of Excel® is required because you will receive the necessary training as you proceed in this course. Accounting forms already created in Excel¬Æ 2007 are available as needed in the Toolkit or through links in the course material.

 

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

 

Course Outline   Course Orientation Project 1: Accounting Careers Project 2: Generally Accepted Accounting Principles Project 3: Financial Statements Project 4: Starting the Business Training Room 1: The Beginning Balance Sheet Training Room 2: Chart of Accounts Training Room 3: Opening the Ledger Training Room 4: Opening Entry Training Room 5: Posting the Opening Entry Final Project   Total

Suggested Time   30 minutes 130 minutes 80 minutes 160 minutes     160 minutes 160 minutes 160 minutes 160 minutes 160 minutes   320 minutes   1520 minutes (or about 25 hours)

 

Assessment

 

The assessment for this course is based on the assignments submitted for each project, the final project, and meeting the course basic 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 FIN1020
  
  
• 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.

 

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