Students must also learn to manage their own finances, and they will benefit from knowledge and skills gained from accounting courses. The concepts, principles, and procedures learned in accounting can also be applied globally. These principles form the foundation for all further learning in accounting. Students learn to organize data using both manual and computerized methods to record, post, and summarize transactions. As students complete the accounting cycle, they gain an understanding of the importance of a variety of acceptable presentation formats.
Students develop skills in analysis and prediction using a variety of financial reports.
Basic accounting concepts in Accounting 11 must be learning for student to succeed in more advanced work in which these concepts are critical to the use of accounting software. There is a built-in overlap between Accounting 11 and Financial Accounting 12 to accommodate those students who go directly into Financial Accounting 12 without Accounting 11. Because students can elect Financial Accounting 12 without significant accounting experience, teachers may need to adjust their strategies when implementing the curriculum. Selecting appropriate learning resources is also critical to meeting the needs of a wide range of learners. All Rights Reserved.