92028 Organisation’s Financial Decision-Making Learning Guide

This Learning Guide covers learning from NCEA Level 1 Commerce Achievement Standard 92028 (Commerce 1.1) ‘Demonstrate understanding of an organisation’s financial decision making’.

This includes: 

• introduction to commerce and entrepreneurship - the skills entrepreneurs need to be successful and what commerce looks like in Aotearoa New Zealand.
• scarcity, choice and opportunity cost - the economic concepts and how the relate to financial and non-financial decision making.
• types of organisations - different types of organisations, their ownership models and stakeholders, and their pūtake (purpose).
• sectors of the economy and interdependence - the three sectors of the economy, different kinds of resources, capital- and labour-intensive production, and the division of labour.
• accounting concepts and financial management tools - accounting elements and the accounting equation, and using financial management tools to aid decision-making.
• making decisions - making financial and non-financial decisions and considering the consequences of decisions.

Features include: 

• case studies and examples from Aotearoa New Zealand, including mātauranga Māori examples
• links to internet and video resources
• activities so that you can check your learning as you go
• key point summaries at the end of each chapter
• a comprehensive glossary of terms used in the book.

Published: TBC