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)