In this unit students develop their applied skills in Financial Practices. This is done by re-affirming and deepening knowledge of applied financial practices developed in the unit IAS1103 Introduction to Financial Practices. The emphasis moves from setting up an appropriate system to record and monitor the financial aspects of a business and the principles of dealing with external resources that support the financial function, to the analysis and application of the information gathered from the financial function in the medium to long-term managerial decision-making of the business. The need to reconcile conventional business practices found in mainstream Australian businesses with the philosophy and dictates of Indigenous Australian economic values is a key theme.