NCEA Level 1 Commerce - Business and Accounting

Course Description

Teacher in Charge: Mr R. Turrell.

Course Outline

NCEA Level 1 Commerce Business and Accounting will give students a broad understanding of two Commerce disciplines within the context of organisations of Aotearoa New Zealand. As an overarching approach, students will use, explore and apply Accounting and Business concepts in a course that allows ākonga to run their own business enterprises to gain first hand knowledge, skills, and values they need to navigate, and participate in, and appreciate their place in the economic world. 

Alongside the theoretical understanding of businesses and organisations. Students will also learn how to ideate, structure and form a business or social enterprise. The theoretical understanding is underpinned by a practical aspect of running a small enterprise, guided by business concepts and accounting principles. Students will engage as participants in the economic world who make decisions, and analyse how these decisions impact their income / wealth and the wider community. 

Through their theoretical and practical understanding from the course, students will consider the process of organisational financial decision making, explore decisions around price determination and the implication to stakeholders, evaluate the effect of external influences on businesses interdependent within the economy, and explore the resulting impact of financial viability.

Level 1 Commerce Business and Accounting draws on collaborative as well as theoretical skills. Team work, communication and leadership are developed and are a strong theme throughout the course.


Business and Organisations

Organisational, purpose, structure and functions

Stakeholder motivation and accountability

Recruitment and Human Resources

Interdependence and external influences

Accounting and Financial Records 1

Accounting Equation, Debits & Credits

Statement of Financial Position

Income Statements

Accounting and Financial Records 2

Balance Day Adjustments

Cashflow budgeting

Interpretation of Accounts

Entrepreneurship and Applied Business

Ideation - developing a business idea.

Market research - target markets

Create and carry out a business plan

Recommended Prior Learning

While 10 BEA will give students an initial advantage, others with a sound study record at Year 10 are welcome to take this course.

Contributions and Equipment/Stationery

Start up funding may be required dependent upon the students' business ideas.


L1 Commerce is an introductory course to Business Studies, Accounting and Economics. This pathway will give students an insight into the working world and organsiational behaviour whilst gaining futher key skills and concepts to allow for development into specialist Commerce fields. Careers pathways commonly lead to entrepreneurship, business, finance and management, and further related fields such as law, insurance, policy and government.

Credit Information

You will be assessed in this course through all or a selection of the standards listed below.

Total Credits Available: 15 credits.
Externally Assessed Credits: 5 credits.
Internally Assessed Credits: 10 credits.

Internal or
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 92028 v3
Commerce 1.1 - Demonstrate understanding of an organisation's financial decision-making
Level: 1
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: Y
A.S. 92029 v3
Commerce 1.2 - Demonstrate understanding of price determination for an organisation
Level: 1
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 92030 v2
Commerce 1.3 - Demonstrate understanding of how interdependent financial relationships are affected by an event
Level: 1
Internal or External: External
Credits: 5
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 15
Total Level 1 Literacy Credits: 5
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 5