Financial literacy is an essential part of everyday life. Understanding the basic principles of finance enhances your ability to achieve personal financial goals and opens up new job opportunities. In this subject, students develop the ability to read and understand financial statements, cultivate an understanding of the trade-off between spending and saving, and explore how to balance risk vs reward in investing. These skills are applied to different financial problems, including value shopping, buying a house, real-life business situations, and evaluating the impact of financial decisions. The objective of this course is to provide a general education in the concepts and basic tools that form a foundation for financial competency and literacy; and to provide students with the grounding to succeed in any further study of business related mathematics. 

It is expected that the student will be able to: 

1. Understand the financial planning process. 

2. Understand concepts of saving and spending.

3. Prepare and evaluate budgets and understand the impact they have on commercial and human behaviour. 

4. Understand the decision process in respect to car and housing decisions. 

5. Understand the components of consumer loans. 

6. Understand investments, shares, bonds (debentures) and managed funds. 

7. Analyse and interpret financial statements and explain the need for professional and ethical standards.

• Topic Tests

• Assignments

• Problem Solving

• Skills exercises

• Examination

It would be expected that students use technology in a range of assessment tasks outlined above

• 1 Exercise Book

• Scientific Calculator – Abacus SX II Matrix