1. Know the fundamental principles of accounting. 2. Understand the accounting equation and how it relates to businesses. 3. Recording transactions and preparing financial statements.

1. Examine financial statements such as the balance sheet, income and cash flow statement. 2. Check financial ratios to evaluate the performance and financial well-being of an organization. 3. Learn how to evaluate financial data for decision making purposes.

1. Examine the fundamentals of bookkeeping, such as keeping diaries and ledgers. 2. Learn about accounting tools by companies used for accounting purposes. 3. Discover how to use accounting tools to effectively manage financial data and produce reports.

1. Understand the fundamentals of income tax and sales tax in Canada. 2. Examine the requirements for individuals and businesses to pay their taxes. 3. Learn how to file basic tax returns for individuals and small companies.

1. Learn the skills of financial planning and projections to assist firms in making future plans. 2. Gain expertise in financial forecasting methods, variance analysis, and budget creation. 3. Identify the effects of budgeting on financial performance and decision-making.

1. Examine the professional norms and ethical issues in accounting. 2. Improve your interpersonal and communication abilities, which are crucial for employment in accounting professions. 3. Find out about paths for higher education and employment options in the accounting sector.

1. With this real-world accounting project you will be able to apply your knowledge and skills. 2. Collaborate with colleagues to address accounting challenges and share results. 3. Get feedback from your teachers to improve your accounting skills.