Elaboration (1) ACHEK018
explaining the need for setting short- and long-term personal financial objectives and prioritising personal financial responsibilities and needs over wants
Elaboration (1) | ACHEK018 | Content Descriptions | Year 7 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration ACHEK018
identifying ways short- and long-term personal financial objectives can be achieved, for example through developing a budget and having a savings plan
Elaboration | ACHEK018 | Content Descriptions | Year 7 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (3) ACHEK018
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)
Elaboration (3) | ACHEK018 | Content Descriptions | Year 7 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration ACHES059
evaluating different types of loans to estimate the short- and long-term financial implications of each
Elaboration | ACHES059 | Content Descriptions | Year 10 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration ACHES058
deciding on a potential major purchase (for example, a car, investigating options, calculating the costs of different purchasing methods and estimating the long-term costs and benefits of owning the asset and repaying the debt)
Elaboration | ACHES058 | Content Descriptions | Year 10 | Economics and Business | Humanities and Social Sciences | F-10 curriculum