identifying ways short- and long-term personal financial objectives can be achieved, for example through developing a budget and having a savings plan
explaining the need for setting short- and long-term personal financial objectives and prioritising personal financial responsibilities and needs over wants
explaining how financial records such as 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)