Year 10 Business, Economics & Accounting
10BEA Course DescriptionTeacher in Charge:
Business Economics and Accounting (BEA) is a combined introductory course that sets out a pathway to the individual disciplines of Commerce, Business Studies, Economics and Accounting. The course teaches students how organisations are managed through the decisions they make, recording of financial data and how they are formed, run and respond to external local and international influences.
Students are taught concepts and ideas, through real world examples and case studies that enrich the students' understanding of the world around them.
The Economics and Business sections are delivered through Schoology.
By the end of the Business section students will be able to:
- identify business opportunities and describe the process of starting a small business
- understand management, marketing and production planning
- appreciate the legal and ethical responsibilities of running a business
By the end of the Economics section students will be able to:
- use the supply and demand model to show how prices are determined.
- explain types of income, welfare and taxes, and calculate income tax.
- make investment decisions related to bank deposits, kiwisaver, shares.
By the end of the Accounting section students will be able to:
- process transactions using the accounting equation and the double-entry process through to preparing a trial balance
- prepare an Income Statement and Balance Sheet
- interpret a business's results and make recommendations
Course Overview
Term 1
ECONOMICS
Circular flow of money through sectors in the economy
Markets – individual demand to market demand
Law of Demand – shifts and changes in quantity
Law of Supply – why upward sloping, shifts
Equilibrium and the market – effects of shifts to market price
Trade - Imports and Exports
Income taxation – purpose and progressive
Inflation - definition and significance
Sharemarket - monitoring and interpretations for investment decisions
Term 2
ACCOUNTING - Elements, Balance sheet
Accounting Equation
Double entry - assets, liabilities, capital
Double entry – revenue and expenses
Double entry – transactions to Trial Balance
Double entry - complex transactions
Cost of Goods Sold
Gross Profit, expenses
Term 3
Income Statement and Balance Sheet
Analysis & Interpretation of accounting statements
BUSINESS - Entrepreneurship
Protecting an idea
Forming a business
Location decisions
Human Resources
Production planning
Term 4
Human Resources Management
Customer Service
Marketing – Market Research
Marketing – The Marketing Mix - Product and Place
Marketing - The Marketing Mix Promotion and Price
Developing a marketing campaign
Pathway
NCEA Level 1 Commerce - Business and Accounting, NCEA Level 1 Commerce - Economics and Accounting
This course is a valuable introduction for both NCEA Level 1 Commerce courses. It will also give students a very good insight into each Commerce discipline which is offered at NCEA Level 2 and Level 3. These could lead to an interesting career in entrepreneurship, business, finance or government, whilst also providing an overall insight into the world of work and access to soft skills that enhance adaptability and organisational understanding. A fuller description of career possibilities accompanies the NCEA course outlines.
Contributions and Equipment/StationeryDevice