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 

The purpose of this Achievement Standard is for ākonga to show an understanding of an organisation’s financial viability. This understanding includes how this viability can be impacted by the circumstances of the organisation.

Ākonga will relate the concept of financial viability to the pūtake of an organisation. They will use concepts and models, for example, financial statements or a supply and demand model, to understand how factors influence the organisation’s financial viability and its ability to adapt its operations to meet its pūtake into the future.

Making reliable judgements

To attain this Achievement Standard, ākonga must include discussion of pūtake in the context of an organisation’s ongoing financial viability. In Commerce, pūtake is an organisation’s reason for being, which is shaped by the organisation’s values and beliefs. In their response, ākonga should show connections between financial viability and pūtake.

Ākonga will need to use an appropriate concept or model to support descriptions and explanations. Achieving at higher levels will require ākonga to exhibit greater awareness of what may be next for the organisation. Ākonga will explain and evaluate actions that sustain financial viability in response to the affecting factor. Depending on the factor affecting the organisation, sustaining financial viability may be concerned with lessening negative impacts. Where an organisation is positively impacted by its circumstances, ākonga may suggest a path of action which capitalises on this factor.

Collecting evidence

A teaching and learning programme will provide ākonga with the opportunity to explore Significant Learning and gain the understanding they need for this Standard.

Throughout the year, ākonga should be given opportunities to demonstrate understanding of the financial viability of an organisation and collect relevant financial and non-financial information to support their learning of this organisation.

Possible contexts

Ākonga may study any organisation throughout the learning programme. Kaiako should select, or approve the selection of, an appropriate organisation that will provide rich material to work from in this Achievement Standard.

It is recommended to select organisations that operate in contexts with which ākonga are familiar. This could be local organisations, or ones providing a product for which ākonga personally understand buyer motivations.

Examples of the types of organisations that would be appropriate for this Achievement Standard include:

• student business for a combined market day
• student business run in the community
• local business
• local non-profit organisation.

Literacy and Numeracy Requirements

This Achievement Standard has been approved for literacy 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).