Mrs K Russell – Head of Faculty and Head of Business Studies
Mrs L Keen – Head of Accounting and Junior Finance and Society
Miss K Easton – Head of Economics
Mr S Young – Deputy Headmaster
Mr G Christison
Mrs C Labuschagne
Mr L McIntyre
Mrs M Thorpe
Mr T Weal
The Commerce faculty at Westlake Boys High school aims to deliver teaching and learning programmes that offer authentic learning experiences, which enable all students to meet their full potential. Our focus is to develop the commercial capabilities (skills and knowledge) of our students, to enable them to make informed and rational decisions, in order for them to participate effectively in the rapidly changing world they live in.
|Year 9||Year 10||Year 11||Year 12||Year 13|
|Commerce is not available||Finance and Society (compulsory)||Level 1 NCEA Accounting (11ACC)||Level 2 NCEA Accounting (12ACC)||Level 3 NCEA Accounting (13ACC)|
|CIE AS Accounting (12ACX)||CIE A2 Accounting (13ACX)|
|Level 2 NCEA Business Studies (12BUS)||Level 3 Business Studies
|CIE AS Business Studies (12BSX)||CIE A2 Business Studies (13BSX)|
|Level 1 NCEA Economics (11ECO)||Level 2 NCEA Economics (12ECO)||Level 3 NCEA
|Level 1 NCEA Economics Extension (11ECOE)||CIE AS Economics (12ECX)||CIE A2 Economics (13ECX)|
Finance and Society
Financial literacy is a core life skill for participating in the modern society. Students are growing up in an increasingly complex world where they will eventually need to take charge of their own financial future. Finance in society is a compulsory, half year course for all year 10 students.
The aim of the Finance and Society course is to create lifelong learners, by developing the skills to make better informed financial decisions and improving their future financial well-being and to help develop financial leaders for New Zealand. It also aims to give students an opportunity to understand the impact these decisions will have on them and future generations, to ensure sustainable outcomes. This course will give all students an opportunity to engage in authentic learning experiences, that focuses around inquiry but also aims to develop communication, collaboration, decision making and thinking skills. Students will begin to develop the skills and strategies that promote personal and financial responsibility related to financial skills in the 21st century, financial sustainability, and informed financial decision making.
Some of the topics that will be covered in this course are:
- planning your career,
- payroll and taxes,
- banking, credit,
- buying your first car,
What is Accounting?
- Accounting gives students the tools to make real life financial decisions in a constantly changing and uncertain world.
- Accounting is the process of preparing and communicating financial information to a wide range of users.
- Accounting enhances financial literacy.
- Accounting helps individuals and organizations to be accountable to and to safeguard their financial resources.
Why study accounting?
‘The price of anything is the amount of life you exchange for it.’ Henry David Thoreau
Accounting enables students to develop the knowledge and skills to manage the financial affairs of individuals, communities, and businesses.
Students will develop the knowledge and skills necessary to:
Prepare and maintain financial records
These could include the management of credit, understanding the concept of compound interest, establishing and monitoring Kiwisaver, maintaining a household or small business budget, and an understanding of measuring financial performance.
Manage financial affairs
An example would be communicating with a bank manger when applying for an overdraft facility. Effective financial management requires systematic planning to ensure deadlines are adhered to. Examples include claiming a tax rebate, meeting tax deadlines, payment of routine expenses, and loan repayments, safeguarding financial resources and interpreting the success of decisions made.
Act with integrity
Integrity involves being honest, responsible, and accountable. It requires individuals to act ethically at all times. Students will learn to justify and take responsibility for actions and decisions, obey the law, and keep accurate and confidential records. Examples include accurately claiming for contract hours worked and using business credit cards responsibly.
Contribute to the wider community
This involves sharing their accounting knowledge and using their skills to contribute to their families, whānau, and communities. For example, becoming the treasurer of a local club or managing the family budget.
The study of Accounting lays an essential foundation for further study of Accounting or Commerce at a tertiary level. In addition, Accounting is a worthwhile course of study in terms of a general all-round education and life-long learning and can lead to exciting careers.
What is Business Studies about?
Business Studies is the study of how individuals and groups of people organise, plan, and act to create and develop goods and services to satisfy customers.
Why study business?
Studying business enables students to gain an understanding of and an appreciation for the nature and scope of business and its role in society. Students will analyse the issues that challenge businesses and its stakeholders. The aim is to develop a critical understanding of organisations, the markets they serve and the process of adding value. In a rapidly changing world, it is important that citizens are able to make informed and rational decisions about business matters.
Business studies creates opportunities for students to:
- understand the integral role of business in society and the economy
- explore enterprise culture
- gain knowledge and understanding of good business practice and of business as a productive activity
- acquire greater financial capability.
Studying Business Studies lays a foundation for students to study Commerce at a tertiary level but also helps students with aspirations of starting their own businesses.
What is Economics about?
Economics examines the choices people make about the use of limited resources to satisfy unlimited wants.
Economics helps to explain and predict how goods and services will be produced and consumed. It will tell you who gets what, how, and why.
Economics explores issues of:
- sustainability (efficient use of scarce resources for the future)
- enterprise (identifying profit-maximising levels of output)
- citizenship (economic decisions affecting New Zealand society)
- globalisation (the benefits of international trade).
Economists are interested in the factors that influence the well-being of people and aim to find solutions to improve people’s standard of living.
Why study Economics?
If you study Economics you will think differently to others. By studying Economics, students will consider how New Zealanders are affected by the economic decision-making of individuals, communities, businesses, and government agencies in New Zealand and overseas.
- develop an understanding of the New Zealand economy and the policies that the Government uses to manage it
- make sense of economic problems that they may be facing, now and in the future
- make connections between New Zealand’s economy and the global economy.
Students will be challenged to find solutions to current macro-economic issues, such as unemployment, poverty, low economic growth, inflation, overuse of natural resources.
Economics prepares students to participate effectively in the real world. Students will become financially capable.
They will be able to:
- complete tax returns
- make reasoned decisions about use of credit (for example, whether to use fixed or floating interest rates)
- develop spreadsheets and interpret business and economic statistics
- use economic models (both macro and micro) to enable critical thinking about the real world and so be able to explain the real world or make predictions about it.
Such critical thinking skills are highly valued in global job markets.
By studying Economics, students will be able to use knowledge and technologies that will enable them to actively contribute in individual, business, government, and global financial contexts. Studying Economics lays a foundation for students to study Commerce at a tertiary level and student will see how their incomes will grow if they develop skills that employers demand.