BAT4M
Final Exam
Wednesday June 21, 9:00am
Room 356
Bring textbook to return
Unit 4 - Financial Analysis & Decision Making
Chapter 9 - Methods of Financing
9.1 Debt vs Equity Basics
Online exploration
Read TB pages 758-760
9.2 Understanding Bonds Payable (financing only)
Read TB pages 760-765
Practice:
p770 Review It #1-3,
p792 BE15-1 & BE15-2
Classroom Brainstorming Pictures - Bonds
9.3 Understanding Notes Payable (financing & accounting)
Read TB pages 771-774
Practice:
p774 Review It #1-4 & Do it #a, b
p792 BE15-7, BE15-8, BE15-9a
Classroom Brainstorming Pictures - Notes
9.2 and 9.3 Review - Class Created Summary
9.4 Excel Exploration - Loan Amortization Schedules BE15-8
9.5 Presenting - Sources of Funding
9.6 Debate - Debt vs Equity
Chapter 10 - Financial Analysis & Decision Making
10.1 Research - Financial Analysis Ratios
10.2 Presentation - Review of Horizontal and Vertical Analysis
10.3 Worksheet - Annual Report & Financial Statements
10.4 Project - Financial Analysis Presentation
Unit 3 - Accounting for Partnerships and Corporations
Chapter 7 - Accounting for Partnerships
7.1 Activity - Understanding Partnerships, Corporations, and NPOs
7.2 Reading - Formation of Partnerships & Income Distribution
TB pages 616-621, then complete:
Review It & Do It questions
BE 12-2 & BE12-4 to BE12-7 (solutions)
7.3 Presentation - Admission of New Partners (See 7.4 solutions for solutions)
7.4 Presentation - Withdrawal of Partners
Solutions to 7.3 & 7.4 - BE12-9 to BE12-12, and E12-5 to E12-8
7.5 Presentation - Liquidation
7.6 Reading - Financial Statement Presentation
TB page 622-623.
Review It & Do it questions
TB page 647: BE12-8 and E12-4
Chapter 7 Review - OPTIONAL practice questions
TB page 644 - Self Study Questions 2-4
TB page 650 - Problems P12-1A to P12-11A (solutions)
Chapter 8 - Accounting for Corporations
8.1 Activity & Worksheet - Corporate Definitions
8.2 Worksheet - Corporations and Common Shares
8.3 Presentation - Preferred Shares
8.2 and 8.3 Solutions:
8.4 Presentation - Dividends (parts 1 and 2)
Solutions BE14-1 to BE14-5 and E14-1 to E14-3
8.5 Presentation - Financial Statement Presentation
Solutions BE13-10 to BE13-11 and E13-8 to E13-11
8.6 Presentation - Income Tax & Retained Earnings
Solutions to Review Questions
Chapter 8 Optional Review - See 8.6
Unit 2 - Detailed Accounting Practices for Assets
Chapter 3 - Accounts Receivable
3.1 Brainstorming & Discussion - Defining & Valuing receivables
3.2 Worksheet - Reviewing Accounts Receivable and the Allowance for Bad Debts
3.3 Presentation - AR & AFDA in depth (Solutions)
3.4 Presentation - Credit Card & Debit Card payments (Solutions)
See 3.3 solutions for BE8-4 solution
3.5 Reading - Notes Receivable (See 3.4 presentation) (Solutions)
3.6 Worksheet - Review flow of AR & AFDA
Chapter 3 Review Questions - Student created
Must access from your OCDSB account
Chapter 3 Mini-Quiz
Chapter 4 - Inventory
4.1 Reading - p284-286 from TB
Take notes on FOB Shipping Point, FOB delivery, and Consigned goods
Complete the practice question on page 287
HW: p317, BE6-1 and BE6-2 (solutions)
4.2 Worksheet - Review Perpetual vs Periodic
4.3 Project - Inventory Cost Flow (Specific ID, LIFO, FIFO, Average)
Prepare a handout & lesson for your valuation method, including
- How it works
- The Pros & Cons of your method
- The application of your method (journal entries)
- The effect on the financial statements
4.4 Class Debate - Inventory Cost Flow Assumptions
4.5 Presentation - Inventory Cost Flow Assumptions
4.6 Scavenger Hunt - Inventory Errors
To review, read pages 298-300
Chapter 5 - Capital Assets
5.1 Worksheet - Vocabulary Crossword Puzzle
5.2 Reading (p456-459) & Worksheet - PPE Basics
5.3 Presentation - Amortization
HW pt 1 solutions: BE9-5 & 9-6, E9-2
HW pt 2 solutions: BE9-7 to BE9-9, E9-3 & E9-4
5.4 Presentation - Revisions and Disposals
HW pt 1 solutions: BE9-10 to BE9-12, E9-5 to E9-7
HW pt 2 solutions: BE9-13, E9-8 & E9-9
5.5 Excel activity - Building an amortization schedule
5.6 Reading (p479-482) - Natural Resources
5.7 Reading (p482-486) - Intangible Assets
5.7 Worksheet - Intangible Assets
HW solutions: BE9-16, E9-11 & E9-12
5.8 Worksheet - Financial Statement Presentation
HW solutions: BE9-17 (See BE9-16 above), E9-13
Chapter 5 Review - see worksheet 5.8
Solutions to review questions
Chapter 11 - Ethics
11.2 Worksheet - Ethics Self-Evaluation
11.3 Discussion - Ethics in everyday life
Chapter 6 - Internal Controls
6.1 Worksheet - Internal Control Basics
Solutions:
Chapter 3 - AR (P8-1A to P8-9A)
Chapter 4 - Inventory (P6-1A to P6-3A and P6-5A)
Chapter 5 - Capital Assets (P9-1B to P9-11B)
Unit 1 - The Accounting Cycle
Chapter 1 - Review the Accounting Cycle (computerized)
1.1 Quiz - Grade 11 Accounting Review
1.2 Activity - GAAP matching game
1.3 Handout - GAAP definitions
1.4 Handout - Debits & Credits review
1.5 Transactions & Financial Statements
page 82 #E2-2, E2-3, E2-4 + worksheet 1.5
(solutions to p82 practice)
1.6 Adjusting & Closing Entries
Worksheet practice (from page 200)
Front: a) & b). Back: all (using Report form GL)
1.7 Financial Statement Preparation
Sample Problem (J-Krew Hockey)
Homework: Prepare October Financial Statements (solution)
1.8 HST & Merchandising Businesses - Worksheet (+ solutions *updated)
1.9 Correcting Entries - Worksheet (from page 196) - solutions
Ch. 1 Quiz Suggested Review: J. Krew Hockey and page 270 P5-2B to P5-5B
Solutions to page 270
Chapter 2 - Cash Flow Statement
2.1 Reading - Operating Activities (Indirect Method)
Read p 858-873 and complete practice problems throughout
2.2 Presentation - Introduction to CFS - Operating Activities (Indirect method)
2.3 Presentation - CFS Investing & Financing Activities (solutions)
2.4 Presentation - CFS Direct method
Unit 1 Review - Suggested practice questions:
Cash Flow Statements:
TB p906-907 P17-7A (both methods) - solution
**Note that the partial in-class solution had an error involving the Available for Sale investments. The correct solution is above.
TB p908 P17-8A (both methods) - solution
TB p912 P17-7B (both methods) - solution
Accounting Cycle:
Review Chapter 1 Quiz
Review 1.7 J. Krew Hockey (Sept. and Oct.)
TB p210 P4-6B (part a) - Financial Statements - solution
TB p261 E5-4 - Journalizing transactions - solution
TB p265 P5-4A - Journalizing & posting transactions, financial statements -
Unit 1 Test
Resources
Textbook:
Accounting Principles – Weygandt (3rd Canadian edition)
Curriculum:
Ministry of Ontario Business Curriculum (grades 11-12)
Accounting Paper:
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Excel templates (Full Accounting cycle)
Electronic File Submission requirements:
When emailing work to Mrs. Aly, please use one of the following formats:
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Share a GoogleDoc, Google Presentation, or Google Spreadsheet
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Send a Microsoft Word (.doc), Microsoft Powerpoint (.ppt), or Microsoft Excel (.xls) file
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Send a PDF file (.pdf)
Interesting Links
Business at University of Ottawa
Business at Carleton University
Business at Algonquin College
Guest Speakers & Activities
Apr 6 - From Carleton University:
Jacques Maurice, Chair of Accounting
Howard Nemiroff, Dean of Undergraduate Studies
Kassie, Fourth year student: Accounting & SCM
Apr 13 - From CPA Canada:
Patricia Eddu
May 17 - CPA No Limits Conference at Ottawa U.