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Accounting Systems is an extension of Accounting Essentials (0309). It includes an introduction to financial analysis and corporate accounting. With an emphasis on accounting for a merchandising business, learners will apply their knowledge and skills to complete the stages of the accounting cycle. The skills acquired in this course are not only useful when pursuing a career in business or accounting, but essential for everyday life.
The Guiding Principles for the Design of Learning Experiences and Assessment Practices provide guidance to all Manitoba educators as they design learning experiences and classroom assessments to strengthen, extend, and expand student learning. Planning with the learner, the context, and the curricula in mind creates opportunities for the co-construction of inclusive learning experiences and assessment practices where the diverse learning needs, abilities, and interests of each learner are met.
Assessment for and as learning involve learners in the process and support learner reflection; assessment of learning (commonly known as summative evaluation) measures final outcomes. All aspects, when done well, contribute to informed teaching and reliable judgment of learner progress.
The Guiding Principles for Evaluation and Reporting are currently still under development and not yet available. When completed, a notification will be added to the Manitoba Framework for Learning “What’s New?” page on the website.
GLO 1.1: Demonstrate critical, creative, and innovative thinking.
12A.1.1.1 Formulate questions to generate new ideas.
12A.1.1.2 Evaluate information and perspectives related to the thinking process.
12A.1.1.3 Evaluate patterns and connections related to critical, creative, and innovative thinking.
GLO 2.1: Employ current and emerging technologies used in business and industry.
12A.2.1.1 Evaluate appropriate current technologies for use in business and industry.
12A.2.1.2 Utilize appropriate current technologies used in business and industry.
12A.2.1.3 Identify and use technology for specific tasks to improve productivity and efficiency.
12A.2.1.4 Evaluate the utility of emerging trends in technology.
GLO 2.2: Demonstrate an awareness of digital footprints.
12A.2.2.1 Analyze the impact of one’s own digital footprint.
GLO 3.1: Demonstrate business communication skills.
12A.3.1.1 Define and use appropriate business language and terminology.
12A.3.1.2 Demonstrate appropriate business etiquette and protocols.
12A.3.1.3 Employ conflict resolution techniques.
12A.3.1.4 Produce business documents.
12A.3.1.5 Present information and ideas.
GLO 4.1: Demonstrate an understanding of ethical and legal standards
12A.4.1.1 Differentiate between ethics and legal business practices.
12A.4.1.2 Discuss ethical business strategies.
12A.4.1.3 Discuss laws, codes, and regulations related to accounting.
GLO 5.1: Identify historical influences as innovative sources for business.
12A.5.1.1 Describe historical influences on the evolution of accounting.
GLO 5.2: Analyze emerging trends in business.
12A.5.2.1 Identify emerging trends in accounting.
12A.5.2.2 Analyze emerging trends in accounting.
12A.5.2.3 Predict future trends in accounting.
GLO 6.1: Demonstrate an awareness of sustainability in business.
12A.6.1.1 Demonstrate human sustainability practices while considering financial and environmental sustainability.
12A.6.1.2 Demonstrate sustainable environmental practices while considering human and financial sustainability.
12A.6.1.3 Demonstrate sustainable financial practices while considering human and environmental sustainability.
GLO 7.1: Demonstrate an understanding of the impact culture and diversity have on business.
12A.7.1.1 Reflect on how culture impacts business decisions, which may include
12A.7.1.2 Examine First Nations, Métis, and Inuit perspectives and how they relate to business.
GLO 8.1: Describe and demonstrate employability skills.
12A.8.1.1 Demonstrate the ability to read and write text, use documents, work with numbers, communicate orally, use technology, learn continuously, and think critically.
12A.8.1.2 Demonstrate positive attitude and behaviours, responsibility, adaptability, and safe work practices.
12A.8.1.3 Demonstrate time management and punctuality.
12A.8.1.4 Demonstrate the ability to work with others and participate in projects and tasks.
GLO 9.1: Explore education and career opportunities.
12A.9.1.1 Explore education and career opportunities related to accounting.
GLO 10.1: Analyze the role of business in society.
12A.10.1.1 Analyze the role of accounting for a merchandise business.
This course has no applicable learning outcomes for this ACE goal.
GLO 12.1: Demonstrate an understanding of accounting fundamentals.
12A.12.1.1 Identify the role of accounting for a merchandise business.
12A.12.1.2 Apply knowledge of specific account classifications, which include
12A.12.1.3 Apply the accounting equation.
12A.12.1.4 Apply basic principles associated with IFRS (International Financial Reporting Standards), which may include
12A.12.1.5 Differentiate between the periodic and perpetual inventory systems.
GLO 12.2: Apply accounting concepts and principles to complete the accounting cycle.
12A.12.2.1 Identify the purpose of each stage of the accounting cycle for a merchandise business, which includes
12A.12.2.2 Interpret and analyze source documents for a merchandising firm.
12A.12.2.3 Demonstrate the ability to record journal entries for a merchandising business, which includes
12A.12.2.4 Demonstrate the ability to post to the general ledger and subsidiary ledgers for a merchandise business.
12A.12.2.5 Demonstrate the ability to prepare a trial balance for a merchandise business.
12A.12.2.6 Demonstrate the ability to complete a worksheet with adjustments for a merchandise business, which includes
12A.12.2.7 Demonstrate the ability to prepare financial statements for a merchandising business, which includes
12A.12.2.8 Demonstrate the ability to journalize and post adjusting entries for a merchandising business.
12A.12.2.9 Demonstrate the ability to journalize and post closing entries for a merchandising business.
12A.12.2.10 Demonstrate the ability to prepare a post-closing trial balance for a merchandising business.
12A.12.2.11 Demonstrate the ability to journalize and post reversing entries required for accrual adjustments.
GLO 12.3: Demonstrate an understanding of cash control.
12A.12.3.1 Demonstrate the ability to journalize bank reconciliations and petty cash entries.
GLO 12.4: Demonstrate the ability to complete payroll procedures.
12A.12.4.1 Demonstrate the ability to journalize and post payroll transactions for employers’ payroll expenses and remittance of payroll liabilities.
GLO 12.5: Demonstrate the ability to use various journaling systems.
12A.12.5.1 Demonstrate the ability to record journal entries in columnar and special journals.
12A.12.5.2 Demonstrate the ability to post entries from the columnar and special journals to the three-ledger system.
GLO 12.6: Demonstrate the ability to analyze financial statements to make business decisions.
12A.12.6.1 Identify internal and external uses for financial statements.
12A.12.6.2 Perform calculations to analyze financial statements, which include
12A.12.6.3 Construct a recommendation plan for a business based on financial analysis results.
GLO 12.7: Demonstrate the ability to analyze and interpret corporate financial statements.
12A.12.7.1 Define corporation, including private and public corporations.
12A.12.7.2 Demonstrate an understanding of terms related to corporate accounting, which may include
12A.12.7.3 Calculate return on equity.
12A.12.7.4 Interpret and analyze corporate financial statements.
GLO 12.8: Demonstrate the use of appropriate software to complete the accounting cycle.
12A.12.8.1 Demonstrate the ability to apply functions and formulas to complete accounting documents.
12A.12.8.2 Demonstrate the ability to create accounting forms.
12A.12.8.3 Demonstrate the ability to create visuals to represent finances.
12A.12.8.4 Utilize technology to automate the accounting process.
GLO 12.9: Apply accounting principles and concepts to complete the accounting cycle.
12A.12.9.1 Apply accounting principles and concepts to complete the accounting cycle for a merchandising business.
This course has no applicable learning outcomes for this ACE goal.
Curriculum Implementation Resources
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