Rationale

Response to changing social and economic forces
Business is the process of creating value through commerce and production. Business
education aims to nurture students’ interest and talent in business by developing in them the
necessary knowledge and skills, positive values and attitudes to create value through
identifying needs, generating ideas and transforming them into business opportunities.

Capacity for lifelong learning
The school curriculum should equip students with the abilities and attitudes to become
independent learners. At senior secondary level, business education develops in students the
intellectual breadth and capacity for lifelong learning to cope with the demands of an
increasingly complex world.

Qualities of citizenship
Business and financial activities constitute an integral part of our daily lives as we work,
consume, save and invest. Besides providing students with knowledge and skills for dealing
with business and financial activities in adult life, business education should also aim to
promote qualities of citizenship. Students should be given opportunities to develop ethical
and responsible behaviour so that they can fulfil their roles effectively as consumers,
investors, employees and/or entrepreneurs in adult life. Students are expected to take social
and ethical considerations into account in analysing and evaluating business issues. In a
fast-changing and knowledge-based local and global economy, they need to possess a variety
of intellectual and communication skills, as well as positive values and attitudes, so that they
can act competently, confidently, and ethically in both familiar and novel situations. They
also have to be conversant with the business environment, so as to make effective decisions,
not only as members of the business world, but also as socially responsible citizens.

Accounting as an integral part of business education
In tackling business problems, one needs to draw upon knowledge and skills from different
business areas, such as accounting, finance and management. Students need a solid
foundation to understand and integrate knowledge and practice from the various areas that
play a contributory role. In the business environment, accounting serves as a language of
business for both internal and external communication. People use accounting information,
together with other business knowledge such as finance, marketing, and human resources, in
making business decisions. The business curriculum should, therefore, enable students to
acquire a common body of business knowledge, including accounting, to deal with the
dynamic business environment.