By the end of this course, students will:

1. Demonstrate an understanding of accounting principles and practices.
2. Demonstrate an understanding of the accounting cycle for a service company and merchandising company.
3. Explain the need for internal financial controls in a business.
4. Analyze the ways in which service, merchandising, and manufacturing companies interpret financial statements.

By the end of this course, students will:

1. Explain accounting procedures for short term assets.
2. Assess methods of accounting for capital assets;
3. Explain accounting procedures for inventories;

Assessment is regular and continuous and is used for the improvement of teaching and learning and not for grade reporting. Assessments will be based on both formative and summative processes.
Formative assessments are learning practices that provide important feedback to student progress. Examples include homework and quizzes.
Summative assessments form a foundation for final mark allotment at the end of the unit, term and final evaluation.

Evaluation will be done after teaching by using summative assessment strategies on particular ‘chunks’ of work.
An achievement chart will be given to students at regular intervals and the purpose of the charts is to provide feedback to students in relation to content and performance strands.

Assessment and evaluation in this course will reflect provincial curriculum expectations and will incorporate the use of the four categories of the Provincial Achievement Chart with each category weighted as follows:

Knowledge and understanding	Communication	Thinking Inquiry and Problem solving	Application
25%	25%	25%	25%

Unit Tests, Written assignments, presentations, Classroom Observations and Classroom conversations.