BAN4EO ACCOUNTING FOR A SMALL BUSINESS, Workplace Preparation
Prerequisite: Grade 11 Accounting, Workplace 1 credit in Business Studies
This course further develops students’ understanding of the fundamentals of accounting by having them examine each component of the accounting cycle, with an emphasis on a merchandising business. Students will use computer application software to learn how accounting is practised in the workplace. Students will acquire an understanding of payroll systems, inventory, specialized journals, subsidiary ledgers, income tax reporting, and budgeting.