27 Level of proficiency Foundation Intermediate Advanced Expert Progression Relying on support from others Building independence Taking responsibility Driving transformation, innovation and growth Under direct supervision. With reduced support from others, some autonomy and together with my peers. On my own and together with my peers. Taking and sharing some responsibilities With some guidance and together with others. Taking responsibility for making decisions and working with others. Taking responsibility for contributing to complex developments in a specific field. Contributing substantially to the development of a specific field. Discover Explore Experiment Dare Improve Reinforce Expand Transform Competence Hint Descriptor Thread Level 1 Level 2 Level 3 Level 4 Level 5 Level 6 Level 7 Level 8 2: RESOURCES 2.4 Financial and economic literacy Develop financial and economic know-how. Estimate the cost of turning an idea into a value-creating activity. Plan, put in place and evaluate financial decisions over time Manage financing to make sure my value-creating activity can last over the long term. Understand sustainable environmental, social, economic and financial concepts. I can recall basic terminology and symbols related to money. I can explain simple sustainable environmental, social and economic concepts (for example, supply and demand, market price, trade, energy consumption). I can use the concept of opportunity costs and comparative advantage to explain why exchanges happen between individuals, regions and nations. I can read income statements and balance sheets. I can explain the difference between a balance sheet and a profit-and-loss account. I can build financial, social and environmental indicators (for example, return on investment, employees’ annual training programs, energy consumption). I can use various financial, social and environmental indicators to assess the financial health of a valuecreating activity. I can use various financial, social and environmental indicators to compare the financial health of my value-creating activity with that of competitors. Budget I can judge what to use my money for. I can draw up a simple household budget in a sustainable manner. I can draw up a budget for a sustainable value- creating activity. I can judge the cash-flow needs of a sustainable value-creating activity. I can apply the financial planning and forecasting concepts that I need to turn an environmentally safe, socially responsible and financially viable ideas into action (for example, profit or not for profit). I can judge the cash-flow needs of an environmentally safe, socially responsible and financially viable project. I can judge the cash-flow needs of an organisation that handles many sustainable value- creating activities that depend on each other. I can create a plan for the financial, economic, environmental and social long-term sustainability of my (or my team’s) valuecreating activity.
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