Periods per week Five Description
Assessment This course uses a combination of internal achievement and unit standards totalling 23 credits. They will: • Learn to use spreadsheets for budgets and record keeping • Learn to prepare, understand and process financial transactions using: – cash journals – source documents • Prepare bank reconciliations • Handle GST transactions • Prepare personal and business budgets • Investigate basic cash control systems of a business and report on why these controls are important • Understand the importance of marketing mix for business success • Understand the importance of aspects of human resource processes in business US 327 Document business transactions. (4 credits – internal) US 2784 Create and use a simple computer spreadsheet to solve a problem. (3 credits – internal) AS 90977 Process financial transactions for a small entity. (5 credits – internal) AS 90982 Demonstrate an understanding of cash management for a small entity. (4 credits – internal) AS 90839 Apply business knowledge to an operational problem(s) in a given small business context. (4 credits – external) AS 90840 Apply the marketing mix to a new or existing product. (3 credits – internal)
The aim is to provide students with a clear understanding of the behaviour of individual producers and the government in the modern economy. The course comprises two sections: resource allocation via markets, and aggregate demand and supply analysis. The emphasis is on developing research, analytical and statistical skills. The course is a direct precursor to tertiary study of Economics. Assessment This course contributes towards the NCEA Level 3. Ten of the 20 credits are externally assessed by examination, the remaining 10 credits are internally assessed. The following achievement standards will be assessed: AS 91399 Demonstrate understanding of the efficiency of market equilibrium. (4 credits – external) AS 91401 Demonstrate understanding of micro-economic concepts. (5 credits – internal) AS 91402 Demonstrate understanding of government interventions to correct market failure. (5 credits – internal) AS 91403 Demonstrate understanding of micro-economic influences on the New Zealand economy. (6 credits – external)
FINANCIAL LITERACY YEAR 11 Status Optional Prerequisites Periods per week Four Description
Approval of HoD Commerce
For Year 11 students wanting a background in the essential book-keeping skills of business and personal financial record keeping, without the academic theory of specialist subjects like Accounting and Economics.
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