September 9, 2016

Strand 2

Students should be able to:

2.1 Identify different types of financial, cultural and social enterprise and appreciate the role each plays in society
2.2 Describe the skills and characteristics of being enterprising and appreciate the role of an entrepreneur in an organisation, in society and to the economy
2.3 Differentiate between employment, work and volunteerism, identifying and describing features, benefits, rewards and careers within each
2.4 Distinguish between the rights and responsibilities of employer and employee from a legal, social, environmental and ethical perspective
2.5 Investigate the positive and negative impacts on a community of an organisation from an economic, social and environmental perspective
2.6 Discuss the impact of digital technologies on an organisation, debating the associated rewards and costs
2.7 Conduct market research in order to investigate an entrepreneurial opportunity and analyse, interpret and communicate the research findings using relevant terminology and representations
2.8 Devise and apply a marketing mix in order to promote a new or existing product or service
2.9 Develop a simple business plan for a new or existing product or service
2.10 Complete and interpret key business documents that an organisation uses to manage its transactions for accountability purposes
2.11 Assess the importance of planning an organisation’s cash flow, propose suitable sources of finance to manage expenditure and prepare a budget
2.12 Prepare a cash account to monitor income received and payments made by an organisation, evaluate its financial position and recommend a course of action; post figures to relevant ledgers and extract a trial balance
2.13 Prepare final accounts to assess the financial performance of an organisation at the end of a trading period, analyse and evaluate its financial position and recommend a course of action