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AC9HE8K05

processes that individuals and/or businesses use to plan and budget to achieve short-term and long-term financial objectives

Elaborations

  • AC9HE8K05_E1identifying ways short- and long-term personal financial objectives can be achieved; for example, through developing a budget and having a savings plan
  • AC9HE8K05_E2explaining how financial records, such as income statements, balance sheets, budgets and cash flow statements, inform business decision-making
  • AC9HE8K05_E3identifying and explaining business processes that are used to manage finances and plan in the short- and long-term; for example, devising a business plan, borrowing from a financial institution, building savings by earning interest

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AC9HE8K05 – processes that individuals and/or businesses use to plan and budget to achieve short-term and long-term financial objectives | LessonForge