Summary Year 12 Bus Studies Financial Processes PPT

10.3 HSC topic: Finance 25% of indicative time The focus of this topic is the role of interpreting financial information in the planning and management of a business. Outcomes The student: H2 evaluates management strategies in response to changes in internal and external influences H3 discusses the social and ethical responsibilities of management H4 analyses business functions and processes in large and global businesses H5 explains management strategies and their impact on businesses H6 evaluates the effectiveness of management in the performance of businesses H7 plans and conducts investigations into contemporary business issues H8 organises and evaluates information for actual and hypothetical business situations H9 communicates business information, issues and concepts in appropriate formats H10 applies mathematical concepts appropriately in business situations Content Students learn to: examine contemporary business issues to: • explain potential conflicts between short-term and long-term financial objectives • analyse the influence of government and the global market on financial management • identify the limitations of financial reporting • compare the risks involved in domestic and global financial transactions investigate aspects of business using hypothetical situations and actual business case studies to: • calculate key financial ratios • assess business performance using comparative ratio analysis • recommend strategies to improve financial performance • examine ethical financial reporting practices Students learn about: role of financial management • strategic role of financial management • objectives of financial management – profitability, growth, efficiency, liquidity, solvency – short-term and long-term • interdependence with other key business functions