Cambridge Secondary 2CambridgeIGCSESyllabusBusiness Studies 0450For examination in June and November 2017,2018 and 2019.Also available for examination in March 2017,2018 and 2019 for India only.0%0%Version 2This syllabus is regulated in England,Wales andNorthern Ireland as a Cambridge InternationalCAMBRIDGELevel 1/Level 2 Certificate (QN:500/5702/9).International ExaminationsWhy choose Cambridge?Cambridge International Examinations prepares school students for life,helping them developan informed curiosity and a lasting passion for learning.We are part of Cambridge Assessment,a department of the University of Cambridge.Our international qualifications are recognised by the world's best universities and employers,giving students a wide range of options in their education and career.As a not-for-profit organisationwe devote our resources to delivering high-quality educational programmes that can unlockstudents'potential.Our programmes and qualifications set the global standard for international education.They arecreated by subject experts,rooted in academic rigour and reflect the latest educational research.Theyprovide a strong platform for learners to progress from one stage to the next,and are well supportedby teaching and learning resources.Our mission is to provide educational benefit through provision of international programmes andqualifications for school education and to be the world leader in this field.Together with schools,we develop Cambridge students who are confident,responsible,reflective,innovative and engaged-equipped for success in the modern world.Every year,nearly a million Cambridge students from 10000 schools in 160 countries prepare for theirfuture with an international education from Cambridge.We think the Cambridge curriculum is superb preparation for university.'Christoph Guttentag,Dean of Undergraduate Admissions,Duke University.USAQuality managementOur systems for managing the provision of international qualifications and educationprogrammes for students aged 5 to 19 are certified as meeting the internationally recognisedstandard for quality management,ISO 9001:2008.Learn more at cie.org.uk/ISO9001Cambridge International Examinations,2016.Cambridge International Examinations retains the copyright on all its publications.Registered Centres are permittedto copy material from this booklet for their own internal use.However,we cannot give permission to Centres tophotocopy any material that is acknowledged to a third party even for internal use within a Centre.Contents1 Why choose this syllabus?Key benefits2Recognition and progression3Supporting teachers32 Syllabus overview4Aims4Content5Assessment63 Subject content ..............14 Details of the assessment ........................................185 Assessment objectives.....................196 International accounting terminology..........................217 What else you need to know22Before you start22Making entries23After the exam24Grade descriptions25Changes to this syllabus for 2017,2018 and 201927Changes to this syllabusThe latest syllabus is version 2,published September 2016.There are no significant changeswhich affect teaching.Any textbooks endorsed to support the syllabus for examination from 2015 are still suitable foruse with this syllabus.