Business

COURSE DESCRIPTION

The Business Studies course at Accra Girls’ Senior High School provides students with a comprehensive understanding of the principles and practices of business in today’s dynamic global economy. This program equips students with essential skills and knowledge in various key areas, including Economics, Business Management, Elective Mathematics, Costing, and Financial Accounting. Through a combination of theoretical learning and practical application, students will develop a solid foundation for future academic pursuits and careers in business.

Key Learning Areas:

1. Economics:
   This area introduces students to the fundamental concepts of micro and macroeconomics, including supply and demand, market structures, and the role of government in the economy. Students will explore how economic principles impact businesses and individuals, fostering an understanding of economic systems, global trade, and financial markets.
2. Business Management:
   Students will learn the essential functions of management, including planning, organizing, leading, and controlling. The curriculum emphasizes strategic decision-making, organizational behavior, and human resource management. Through case studies and group projects, students will develop critical thinking and problem-solving skills applicable to real-world business scenarios.
3. Elective Mathematics:
   This component focuses on the mathematical concepts and techniques essential for analyzing business data and making informed decisions. Topics include statistics, financial mathematics, and quantitative analysis. Students will learn how to apply mathematical principles to solve business problems, prepare financial forecasts, and interpret data effectively.
4. Costing:
   In this area, students will explore various costing methods and their applications in business decision-making. Topics covered will include fixed and variable costs, cost-volume-profit analysis, and budgeting. Students will develop skills in assessing costs and evaluating the financial implications of business strategies, ensuring they can contribute to effective financial planning.
5. Financial Accounting:
   This component provides students with a thorough understanding of the principles and practices of financial accounting. Students will learn to prepare, analyze, and interpret financial statements, including balance sheets, income statements, and cash flow statements. The course emphasizes the importance of accurate financial reporting and compliance with accounting standards, preparing students for roles in finance and accounting.

SUBJECT COMBINATIONS

COURSE OBJECTIVES

• To develop a comprehensive understanding of economic principles and their impact on business operations.
• To equip students with essential management skills and knowledge for effective decision-making in a business context.
• To enhance mathematical skills necessary for analyzing business data and solving quantitative problems.
• To provide practical insights into costing methods and their role in financial planning and strategy.
• To develop proficiency in financial accounting, enabling students to prepare and interpret financial statements accurately.

Through engaging lectures, practical exercises, and collaborative projects, the Business Studies course prepares students for the challenges of the business world. By the end of the course, students will possess valuable skills and knowledge that will benefit them in their future academic and professional endeavors, fostering a strong foundation for success in various business fields.