Financial Decision Making
Educating Young People Who Will Be
Significantly Different!
Achievement Standard: 90981
Make a financial decision for an individual or group
Resource reference: Accounting 90981 (1.6)
Credits: 3
Student instructions sheet
Introduction
This assessment task requires you to:
• Collect printed and/or electronic data (and provide details of your sources)
Your data must be collected from secondary sources (e.g. Internet research, brochures, newspapers, magazines etc) but you may also choose to include information from primary sources (e.g. an interview with a bank officer or a car sales manager)
• Prepare a cash budget comparing at least two finance options using relevant financial and relevant non-financial information
Financial information must be linked to the financial decision and could include: • relevant costs • cash budget • interest rate alternatives
• Prepare a report which will be in an appropriate form (an appropriate form may a computer-aided presentation, a written report, a film clip (perhaps similar to the TV programme Target), a magazine article for inclusion in a publication like Consumer, or some other form of presentation. Discuss your ideas with your teacher to obtain final approval.
This task will require some class time and some out of school time.
Your investigation sources and/or data and a signed cover sheet should be handed in with your report or after your presentation. These will not be assessed but are used to confirm authenticity of the collected data.
Due Date: __________________________________
This activity has three parts:
Part A Collect secondary (and possibly primary) data
Part B Prepare cash budget
Part C Prepare a report
Scenario
You have now completed your Business Management degree and are about to start your first job. You will need a car to get to and from work. You have saved $2,000 from your last
Significantly Different!
Achievement Standard: 90981
Make a financial decision for an individual or group
Resource reference: Accounting 90981 (1.6)
Credits: 3
Student instructions sheet
Introduction
This assessment task requires you to:
• Collect printed and/or electronic data (and provide details of your sources)
Your data must be collected from secondary sources (e.g. Internet research, brochures, newspapers, magazines etc) but you may also choose to include information from primary sources (e.g. an interview with a bank officer or a car sales manager)
• Prepare a cash budget comparing at least two finance options using relevant financial and relevant non-financial information
Financial information must be linked to the financial decision and could include: • relevant costs • cash budget • interest rate alternatives
• Prepare a report which will be in an appropriate form (an appropriate form may a computer-aided presentation, a written report, a film clip (perhaps similar to the TV programme Target), a magazine article for inclusion in a publication like Consumer, or some other form of presentation. Discuss your ideas with your teacher to obtain final approval.
This task will require some class time and some out of school time.
Your investigation sources and/or data and a signed cover sheet should be handed in with your report or after your presentation. These will not be assessed but are used to confirm authenticity of the collected data.
Due Date: __________________________________
This activity has three parts:
Part A Collect secondary (and possibly primary) data
Part B Prepare cash budget
Part C Prepare a report
Scenario
You have now completed your Business Management degree and are about to start your first job. You will need a car to get to and from work. You have saved $2,000 from your last