L1COMM

L1 Commerce

Subject Description

Teacher in Charge: Mr K. Hansen, Ms K. Schumacher.

Commerce is a foundational subject that prepares ākonga for further specialised secondary school study. At NCEA Levels 2 and 3, Commerce branches into Accounting,  Business Studies, and Economics. Studying Commerce will provide ākonga with a broad financial knowledge base to draw from in a variety of roles and organisations in the future.

Understanding financial viability and decision-making processes are essential for operating small businesses. This is equally true of both the continued operations of established businesses and the founding of new ventures. Beyond the operation of businesses, ākonga will have opportunities to develop deeper connections with personal financial capability, and a greater understanding of the financial concepts they encounter in their daily lives.

Exploring the role of pūtake in business operations will have ākonga weigh financial information against social and cultural factors. This experience with complex problem-solving can be applied in fields such as governance, community organisation, and project management.

This course (combining Business Management and Accounting) is a good starting point for students wanting to pursue a career in Business, Accounting, and other areas of Commerce as well as for students wanting to gain business knowledge to better equip themselves when they enter the business world. 

As part of this subject students will operate a small business at a Market Day. 

This course will be assessed to a selection of L1 Commerce Achievement Standards. Assessment is a combination of both internally and externally assessed standards. 

Required Prior Learning

Entry is open, but subject to approval from the HOD.


Subject Costs

During the year additional capital will be required to set up a Market Day business activity (not usually a large amount).
Field trip to Rotorua - 1 day - Approx $60 (TBC).

Pathway

Career Pathways

Subject Credit Information

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

This course is eligible for Course Endorsement.

This course is approved for University Entrance.

Total Credits Available: 23 credits.
Externally Assessed Credits: 5 credits.
Internally Assessed Credits: 18 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
U.S. 3503 v7
NZQA Info
Communicate in a team or group to complete a routine task
Level: 1
Internal or External: Internal
Credits: 2
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 9677 v11
NZQA Info
Communicate in a team or group which has an objective
6
6
6
6
6
6
Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 9681 v8
NZQA Info
Contribute within a team or group which has an objective
Level: 3
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 92028 v3
NZQA Info
Commerce 1.1 - Demonstrate understanding of an organisation's financial decision-making
4
4
4
4
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
NZQA Info
Commerce 1.2 - Demonstrate understanding of price determination for an organisation
4
4
4
4
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
NZQA Info
Commerce 1.3 - Demonstrate understanding of how interdependent financial relationships are affected by an event
4
4
4
4
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: 23
Total Level 1 Literacy Credits: 5
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 5

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