Refine by topic
Related topic
Unfortunately there are no resources matching your
search criteria. Try broadening your search criteria
or enter a different word or phrase.
Humanities and social sciences / Year 7 / Knowledge and Understanding / Economics and business
Version 8
Curriculum content descriptions
Why and how individuals and businesses plan to achieve short-term and long-term personal, organisational and financial objectives (ACHASSK200)
Elaborations
- explaining the need for setting short- and long-term personal financial objectives and prioritising personal financial responsibilities and needs over wants
- identifying ways short- and long-term personal financial objectives can be achieved (for example, through developing a budget and having a savings plan)
- explaining how financial records (for example, income statements, balance sheets, budgets and cash flow statements) inform business decision-making
- exploring ways that businesses manage finances and plan in the short- and long-term to achieve organisational and financial objectives (for example, by developing a business plan or borrowing to invest in the business)
General capabilities
ScOT terms
Personal finance, Financial records, Financial analysis, Planning, Financial reports