Mātauranga Māori constitutes concepts and principles that are richly detailed, complex, and fundamental to Māoridom. It is important to remember that the practice of these are wider and more varied than their use within the proposed NCEA Achievement Standards and supporting documentation.

We also recognise that the cultures, languages, and identities of the Pacific Islands are diverse, varied, and unique. Therefore the Pacific concepts, contexts, and principles that have been incorporated within NCEA Achievement Standards may have wide-ranging understandings and applications across and within the diversity of Pacific communities. It is not our intention to define what these concepts mean but rather offer some ways that they could be understood and applied within different subjects that kaiako and students alike can explore.

The intent of the Standard

Financial decision-making is a key part of running an organisation. This Achievement Standard asks ākonga to show an understanding of this decision-making. Decisions will respond to a need, issue, or opportunity.

Ākonga will explore what informs an organisation’s financial decisions. They will draw on data from a financial tool to support their decision-making. Ākonga will reflect on how an organisation’s financial decision may impact its stakeholders. These stakeholders may be external or internal, such as customers, community, iwi, employees, or investors. This reflection will strengthen their ability to relate to others and understand diverse viewpoints.

Ākonga will consider pūtake in the study of financial decision-making. In doing so, they will show how an organisation’s values inform its decision-making. They will learn to balance financial needs with social factors. Through this, ākonga will strengthen their ability to address complex problems.

Making reliable judgements

To achieve against this Achievement Standard, ākonga must discuss pūtake in the context of an organisation’s financial decision-making. In Commerce, pūtake is an organisation’s reason for being. This is shaped by the organisation’s values and beliefs. Pūtake may in turn inform how the organisation sees the need, issue, or opportunity. It will also shape how they choose to respond.

Ākonga must connect the decision to data from the financial tool. All data should be presented with actual dollar values and amounts as needed, with appropriate notation. Non-financial factors may also drive the financial decision-making. Ākonga will have to show an understanding of the financial impact of their decisions.

At higher levels of achievement, ākonga will engage with the possible consequences of the decision. These consequences may be felt by both the organisation and its stakeholders. Ākonga will analyse how the organisation could respond to these consequences and will work to balance pūtake, stakeholder perspectives, and financial information.

Collecting evidence

Ākonga will need to collect relevant financial data which can be applied to a financial tool and used to support the decision. Examples of such tools include a SWOT analysis (including financial data), a budget, or a cost-benefit analysis.

Possible contexts

Ākonga will focus on one organisation. This could include whānau, hapū, iwi, a community organisation, or a business. Within this Achievement Standard, ākonga may study a real or imagined organisation. The financial decision could be one that has already been made or one that is yet to come. If it is a decision that has [already] been made, ākonga will still need to describe options that were available leading up to the decision.

Using a real organisation may give ākonga an opportunity to connect with a representative of the organisation. If appropriate and manageable, they could consult with them to better understand the organisation’s pūtake or the needs of their stakeholders.

Standard Exclusions

This Standard has one or more exclusions, or Standards that assess the same or similar learning. These Standards are excluded against one another to prevent assessing the same learning twice. You can only use credits gained from one of these standards towards your NCEA qualification.

Find out more about the NCEA Level 1 Exclusions List.

Literacy and Numeracy Requirements

This Achievement Standard has been approved for numeracy in the transition period (2024-2027). 

Full information on the co-requisite during the transition period: Standards approved for NCEA Co-requisite during the transition period (2024-2027).