Business

Accounting Principles (30S) 

Accounting Principles 30S is an introductory accounting course. The first section of the course introduces students to the purpose of accounting, net financial worth, the accounting equation, balance sheets, analyzing transactions, T-accounts, and income statements. Students are then introduced to the general journal and journalizing, the general ledger, trial balance, source documents, worksheet, classified financial statements, and closing entries. Cash control is investigated (cash proofs, shortages and overages, bank deposits, the multicolumn journal, petty cash, cheques, and the bank reconciliation statement). Finally, several classes are spent introducing payroll accounting (employee and employer roles, gross earnings, net earnings, payroll register, payroll liabilities and expenses). There is a major accounting cycle project midway through course with another mini project as the final exam.

Accounting Systems (40S)

Prerequisite: Accounting (30S)

Accounting Systems 40S is a continuation of the basic accounting principles and concepts covered in Accounting Principles 30S. After a brief review, students study end-of-month adjustments as well as the calculation of depreciation. The removal of customer and supplier accounts from the general ledger and the introduction of the accounts receivable and payable subsidiary ledgers with corresponding control accounts explored next. A considerable amount of time is spent on the specialized journals to record merchandise sales, cash receipts, purchases, and sales as well as contra accounts such as sales returns and allowances and purchase discounts. There is a major accounting cycle project to put all the new procedures into practice. Perpetual and periodic inventory is looked at briefly, as well as procedures to deal with bad debts. Finally, if time allows, students will spend some time analyzing and interpreting financial statements.

Introduction to Business (10S)

Students will explore what it means to own and operate a business as well as how businesses contribute to the community. Students will get an introduction to the basics of bookkeeping, entrepreneurship, marketing, finance, employability skills, and money management. The course content will be designed for students to take at the Grade 10 level but it may also be taken in other grades.

Border Land School Division

Border Land School Division acknowledges that the communities and schools located within Border Land School Division sit on Treaty 1 and Treaty 3 land, the original lands of the Anishinaabe peoples and on the homeland of the Métis Nation.

Border Land School Division respects the treaties that were made on these treaty areas and we dedicate ourselves to moving forward in partnership with our Indigenous communities in a spirit of truth, reconciliation and collaboration.