11–12Business Studies 11–12 Syllabus (2026)
The new Business Studies 11–12 Syllabus (2026) is to be implemented from 2028 and will replace the Business Studies Stage 6 Syllabus (2010).
2027
- Plan and prepare to teach the new syllabus
2028, Term 1
- Start teaching the new syllabus for Year 11
- Start implementing new Year 11 school-based assessment requirements
- Continue to teach the Business Studies Stage 6 Syllabus (2010) for Year 12
2028, Term 4
- Start teaching the new syllabus for Year 12
- Start implementing new Year 12 school-based assessment requirements
2029
- First HSC examination for the new syllabus
Content
Year 12
Role of financial management
Financial objectives, including profitability, efficiency, solvency and liquidity
Potential conflicts between financial objectives
Importance of investment appraisal before sourcing finance
Internal sources of finance, including retained profit and sale of assets
External sources of finance, including debt and equity
Sources of debt, including overdraft, credit card, factoring, bank loan, mortgage and leasing
Sources of equity, including private equity and public shares
Advantages and disadvantages of each source of finance
Structure, interpretation and calculation of items for financial statements, including cash flow statements and forecasts, income statements and balance sheets
- Net profit ratio and return on equity ratio as indicators of profitability
Methods to manage profitability, including marketing, budgets and gearing
- Accounts receivable turnover in days and asset turnover ratio as indicators of efficiency
Methods to manage efficiency, including receivables management, inventory management and increasing capacity utilisation
- Debt-to-equity ratio as an indicator of solvency
Methods to manage solvency, including issuing shares, adjusting dividend payouts and adjusting debt levels
- Current ratio as an indicator of liquidity
Methods to manage liquidity, including working capital management
- Importance of cash flow, working capital () and the order of liquidity of current assets
Methods to manage current assets, including adjusting cash levels, receivables management, inventory management, and sale and leaseback
Methods to manage current liabilities, including payment terms for payables, and accessing, repaying and refinancing short-term debt
Political influences, including company tax
Economic influences, including the business cycle, interest rates and exchange rates
Legal influences, including financial reporting requirements and the prohibition of insolvent trading
Ethical influences, including environmental, social and governance (ESG) reporting
Interpret key financial metrics, including profitability ratios, efficiency ratios, debt-to-equity ratio, current ratio, net cash flow and working capital
Compare financial metrics to past performance, targets and industry benchmarks
Corrective action based on financial performance
Interdependence of finance decisions with other business functions
Alignment of decisions within the finance function, across business functions and with business strategy