Page 1053 - SUBSEC_April2017_WorkingDocument_Neat

SECTION 8: BUSINESS FINANCE (cont’d)

SPECIFIC OBJECTIVES CONTENT
Students should be able to:
8. identify personal sources of capital Sources of personal capital:
(a) friends and family;
for setting up of a business; and, (b) personal savings;
(c) government grants;
9. identify the purposes of basic (d) loans;
financial records for sole traders. (e) equity;
(f) venture capital; and,
(g) crowd funding.

(a) Identify types of bookkeeping systems
– single and double entry.

(b) Explain the purpose of basic financial
statements: income statement (profit
and loss) and statement of financial
position (balance sheet); statement of
cash flow.

Suggested Teaching and Learning Activities

To facilitate students’ attainment of the objectives of this Section, teachers/facilitators are encouraged
to engage students in the teaching and learning activities below.

1. Engage students in the preparation of charts to show similarities and differences in the role of
the various financial and regulatory institutions. These charts should be completed based on
their understanding of their reading, class discussions, and lessons guided by the teacher.

2. Students should be given an assignment to write a short play to reflect the services offered by
the various financial and regulatory institutions, and then different students assume the role
of manager, customer service representatives, customers and dramatise these roles.

3. Engage the students in group research to identify the roles of financial regulatory bodies. A
member of the group presents the report and the presentations are discussed in the class.

CXC 08/G/SYLL 17 41