The Junior Certificate Business Studies Syllabus invites students to study the role of work, employment, endeavour, enterprise, trade, business and money in our world.
Money plays a central role in how we acquire, provide and trade in goods and services. An understanding of the purpose and function of money underpins the study of how our economic system works.
Income, Expenditure, Budgeting
First Year Business Students are encouraged to examine and record their own earnings and spending. This leads to a study of household income/earnings and expenditure, pay slips, cheques and receipts.
They learn best practice in budgeting for individuals, families, clubs and businesses.
The importance of a clear understanding of the rights and responsibilities of the consumers is highlighted and includes
Consumer legislation and the agencies that support the consumer
How to make a formal complaint when a good or service is not up to standard
Best practice in letter writing
Bookkeeping and Accounts
Formal record keeping is introduced i.e. Cash Accounts and Analysed Cash Book
World of Work
2nd and 3rd Year:
Second Year students undertake and in-depth study of bookkeeping
Final Accounts, Trading Profit & Loss and Balance Sheet
Business documents, Day books and Ledgers
This is supported by an examination of insurance, banking and the role of foreign trade.
The other areas of the syllabus include:
Report writing; Club accounts and the role of club officers
Work; Employment & trade unions; Business structures and personnel
The EU as a trading bloc – currencies and foreign exchange