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Topic: Financial management  

Business Education

 Standard 36.  Understands the functions of management and how they are implemented
  Level IV (Grade 9-12)
   Benchmark 9.Understands the importance of financial management to business operations
    Knowledge/skill statements
     1.Understands importance of financial management to business oprations
 Standard 38.  Understands a variety of strategies used to make long-term and short-term management decisions
  Level IV (Grade 9-12)
   Benchmark 6.Knows how financial data is used to make business decisions (e.g., income statement, balance sheet, cash flow statement, statement of net worth)
    Knowledge/skill statements
     1.Knows how financial data is used to make business decisions
     2.Knows how income statements are used to make business decisions
     3.Knows how balance sheets are used to make business decisions
     4.Knows how cash flow statements are used to make business decisions
     5.Knows how statements of net worth are used to make business decisions