Unit 3

Personal Saving and Borrowing / Business Finance and Accounting

25–35% of the multiple-choice section · 9 topics

Money: how people save and borrow, then how a business tracks expenses, raises capital and reports results in its financial statements.

Topics

Part 1: Personal Saving and Borrowing

  1. 3.1Saving for Future Purchases
  2. 3.2Borrowing, Credit, and Debt

Part 2: Business Finance and Accounting

  1. 3.3Accounting and Financial Management
  2. 3.4Business Expenses
  3. 3.5Financial Capital
  4. 3.6The Income Statement
  5. 3.7The Balance Sheet and Net Worth
  6. 3.8The Cash Flow Statement
  7. 3.9Ethics and Financial Reporting

Labs for this unit

Practice for this unit