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 applications 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. Prerequisite: Accounting Essentials, Grade 11,Workplace Preparation
