Grade 12 Business 2 (Business Finance and Income Taxation)

Content standard

Learners demonstrate an understanding of the foundational concepts of finance, including financial management principles, financial system structures, and the roles of financial managers in managing both short-term and long-term funds. They also develop competencies in personal financial management, investment analysis, risk assessment, and the application of sound taxation principles.

Performance standard

Learners prepare a personal financial plan based on one’s financial capacity, including a contingency plan to address identified investment risks.

Learning competencies (9)

• BUSFIN-G12-Q1-01

  Discuss the functions of finance and financial management

• BUSFIN-G12-Q1-02

  Discuss the components of the financial system including the financial markets, institutions, instruments, and regulating bodies

• BUSFIN-G12-Q1-03

  Evaluate the different tools for managing cash in both the traditional and cashless economy, receivables, and inventory

• BUSFIN-G12-Q1-04

  Evaluate short-term and long-term acquisitions

• BUSFIN-G12-Q1-05

  Examine ethical issues in the financial management process

• BUSFIN-G12-Q1-06

  Evaluate the key factors influencing the potential returns, profitability, and risk associated with various investments

• BUSFIN-G12-Q1-07

  Calculate the internal rate of return, future value, net present value of money, and payback period of a given investment

• BUSFIN-G12-Q1-08

  Apply the tools and techniques used to reduce or minimize investment risks

• BUSFIN-G12-Q1-09

  Apply the financial management cycle to personal practices such as earning, budgeting, savings, spending, investing, or protecting money

Content standard

The learners demonstrate an understanding of sound principles of taxation and its purpose.

Performance standard

Learners analyze an accomplished BIR form 2316.

Learning competencies (6)

• BUSFIN-G12-Q2-01

  discuss the principles and purpose of taxation

• BUSFIN-G12-Q2-02

  differentiate the types of taxes

• BUSFIN-G12-Q2-03

  articulate the significance of 2316 BIR form

• BUSFIN-G12-Q2-04

  discuss the applicable taxes for individual and business enterprises

• BUSFIN-G12-Q2-05

  discuss the ethical considerations in taxation for individual and business enterprises

• BUSFIN-G12-Q2-06

  compute tax for individual and business enterprises