Level 1 Commerce
COM1 Course DescriptionTeacher in Charge: J. Jia.
Recommended Prior LearningIt is helpful if students have taken 10COM as a precursor for Commerce but not essential.
Level 1 Commerce is a subject that combines accounting, economic and business theories into practical situations. Through using real life scenarios, it is possible to understand how aspects of accountancy and economics can be used to gain a more detailed insight into common business problems and make better, more informed, decision.
Commerce is the use and exploration of accounting, economic, and business concepts and models to make sense of society and solve problems. In this subject, ākonga will build the knowledge, skills, and values they need to navigate, and participate in, the economic world. They will learn how participants in the economic world make decisions, and they will analyse how these decisions impact on sustainability.
Ākonga will learn that decision-making is necessitated by scarcity and that decisions are informed by a variety of cultural perspectives and lenses. Learning and assessment will examine Māori, Pacific, and different approaches to commerce, and business models from whānau and organisation contexts.
Course Overview
Term 1
Course Outline
AS 92028 (1.1) Internal = 5 credits
Demonstrate understanding of an organisation’s financial decision making
Term 2
AS 92029 (1.2) Internal =5 credits
Demonstrate understanding of price determination for an organisation
Term 3
AS 92031 (1.4) External = 5 credits
Demonstrate understanding of how an organisation's financial viability is affected by an event
Subject to time constraints and student progress it might be possible to complete AS 92030 (1.3) External = 5 credits Demonstrate understanding of how interdependent financial relationships are affected by an event
Term 4
Prep for 5 credit external assessment AS92031 and possibly 92030
Pathway
Level 2 Accounting, Level 2 Business Studies, Level 2 Economics
Career PathwaysAccountant, Auditor, Accounts Officer, Actuary, Finance Manager, Quantity Surveyor, Economist, Financial Adviser, Mortgage Broker, Payroll Officer, Management Consultant
Contributions and Equipment/StationeryAny students involved in completing the requirements for carrying out a business may incur start up and running costs. The level of these costs will be dependent on the business activity undertaken. Any field trip cost will be advised during the year.