NCEA Level 1 Commerce - Business and Accounting

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 hypothetical 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.

Topics 

Business and Organisations

Organisational, purpose, structure and functions

Stakeholder motivation and accountability

Pūtake and the business decision making process

Business financial analysis

Organisational economic interdependence

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

Business operations - create a business plan