AC9HE8K05 Year 8 Humanities and Social Sciences

This Content Descriptor from Year 8 Humanities and Social Sciences provides the specific knowledge and skills students should learn. Use it to plan lessons, create learning sequences, and design assessments that align with the Australian Curriculum v9.

processes that individuals and/or businesses use to plan and budget to achieve short-term and long-term financial objectives

Elaborations

• 1 identifying ways short- and long-term personal financial objectives can be achieved; for example, through developing a budget and having a savings plan
• 2 explaining how financial records, such as income statements, balance sheets, budgets and cash flow statements, inform business decision-making
• 3 identifying and explaining business processes that are used to manage finances and plan in the short- and long-term; for example, devising a business plan, borrowing from a financial institution, building savings by earning interest

Related Achievement Standards