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New Zealand Diploma in Business

New Zealand Diploma in Business

Level 5

Develop your business skills and learn what it takes to succeed in the New Zealand business sector with UCOL’s New Zealand Diploma in Business.

A close up photograph of people working with laptops doing accounting work
Quick info

Level: 5

Locations: UCOL Manawatū in Palmerston North, UCOL Whanganui

Duration: 1 year, full-time

Dates:
17 Feb 2020 - 27 Nov 2020
20 Jul 2020 - 2 Jul 2021

Domestic Fees: *
$5,210.00Scholarship info

International Fees:*
$20,500.00

Additional Fees
Compulsory course costs may apply.

* Fees are indicative only, and are inclusive of the student services levy and GST (goods and services tax). The fee shown is for one year of study.

Contribute to the strategic objectives of any organisation by applying the skills learnt in UCOL's New Zealand Diploma in Business.

Choose to focus on Accounting or Leadership and Management.

The Accounting focus will qualify you to gain the academic requirements for the Chartered Accountants Australia New Zealand (CAANZ) Accounting Technician (AT) designation.

 Career & Study Outcomes

On completion of this programme you will be ready to take on a range of careers and will have the skills and knowledge to be employed in a variety of business entities in roles such as:

  • Accounts assistant
  • Accounts payable administrator
  • Accounting technician
  • Finance administrator 
  • Human resource manager
  • Management assistant
  • Middle management role
  • Operations leader
  • Payroll administrator
  • Team leader
To find out more about possible job prospects and salaries, see Ministry of Business, Innovation and Employment's Occupation Outlook for Managers and Accountants.


Education pathway

In just one year, you will gain an industry-valued business qualification that will also serve as an ideal stepping stone for further business degree studies. This diploma provides one year of credit toward UCOL’s Bachelor of Applied Management degree.

 Course Information

 

Your studies will differ according to your chosen area of focus - Accounting or Leadership and Management.

CORE COURSES

Business Environments (15 credits)
Learn to analyse environmental influences on a business entity. The course covers:

  • External environments - government policy, legislation, common law, economic dynamics, technology, sustainable management, and social trends
  • Internal environments - systems, structure, resources, and organisational culture
  • Economics - the principles of scarcity, and supply and demand
  • Risk management and creating a risk management plan
  • Legal principles assessed using a problem solving methodology

Business Functions (15 credits)
Learn to apply knowledge of core business functions for operational efficiency and effectiveness. The course covers:

  • Accounting principles and practices
  • Operations - layout, workflow, productivity
  • Human resource management - estimating staff requirements, recruitment and selection, and renumeration
  • Sales and marketing - forecasting, internal marketing, marketing communications
  • Skills for managing learning and performance

Organisations in a New Zealand Context (15 credits)
Review and analyse business entities from a range of perspectives in a New Zealand context. The course covers:

 

  • Communication
  • Internal and external stakeholders
  • Risks
  • Bi-cultural partnership (as embedded in Treaty of Waitangi)
  • Regional considerations and partnerships
  • Ethical behaviour including widely accepted standards relating to obeying the law, being honest in dealings, showing respect for individuals, contracts, and societal standards and institutions
  • Environmental, community and sustainability expectations
  • Culturally appropriate interpretations wider than just ethnicity

Understanding Change (15 credits)
Learn how to contribute to innovation and change in organisations. The course covers:

  • Innovation in an operational context
  • Management of sustainability
  • Analysis of the impact of sustainability on business entities
  • Implementation of change
  • Application of professional and ethical behaviour in a socially and culturally appropriate manner
  • Professional attitudes, qualities and behaviours
  • Perspectives on ethics
  • Problem solving and decision making
  • Communication

Accounting Focus

 

Analysis of Financial Information (15 credits)
Learn to calculate, analyse and interpret financial information to inform decision making for a business entity and evaluate debtor risk. The course covers:

  • Purpose and users of financial analysis, limitations/assumptions
  • Calculation and analysis of financial ratios
  • Interpret financial information to inform decision making- include analytics
  • Formulate recommendations 
  • Accounts receivable management
  • Action plan around debtor risk, including options and recommendations

Applied Accounting (15 credits)
Learn to record and process a wide range of financial transactions manually and using software.  Students will act in accordance with the accounting profession’s Code of Ethics to research and communicate technical financial information for a business entity’s performance.

Budgets for Planning and Control (15 credits)
Learn to prepare budgets and use budgets to monitor business performance for a business entity, and determine internal controls to minimise financial risk.
  • Preparation of budgets 
  • Sensitivity analysis
  • Flexible budgets 
  • Variance reporting / communication
  • Impact on business performance
  • Internal controls 
  • Identification and measurement of risks
  • Risk management 
  • Bank reconciliations
  • External environment

Introduction to Accounting and Taxation (15 credits)
Learn to apply accounting concepts and standards to prepare financial statements for a business entity and apply tax rules. The course covers:

  • Income statements
  • Balance day adjustments
  • Trial balance
  • Statement of changes in equity
  • Cash flow
  • Going concern, periodic and historic cost
  • Income statement and balance sheet with adjustments
  • GST calculations and adjustments
  • Family assistance scheme
  • Student loans
  • Tax credits
  • Individual tax returns
  • Kiwi Saver scheme
  • Employer obligations and calculations
  • Employee and independent contractor
  • Payment and due date of taxes

Leadership and Management Focus


Business Planning 
(15 credits)
Learn to formulate a business plan. The course covers strategic, tactical and operational aspects, and managing change such as workplace culture and gap analysis.

Leadership (15 credits)
Learn to apply leadership skills to achieve organisational outcomes and change. The course covers the concept of leadership and:

  • Negotiation
  • Achieving desired outcomes and change
  • Evaluating successful leadership in self and others
  • Nature and complexity of leading change
  • Leadership and its influence on success within an organisation

Managing Projects (15 credits)
Learn to effectively manage a project. The course covers:

 

  • Planning
  • Execution
  • Monitoring and control
  • Implications on workplace culture
  • Project closeout
  • Project management phases in regards to documentation and collation of useful information
  • Identification and management of project variances

Operations Management and Compliance (15 credits)
Learn to apply techniques to improve operational management and compliance. The course will cover internal and external drivers such as legislation, government policy, quality management systems within a business, and the policies and procedures of a business.

 Industry Connections

 

  • Chartered Accountants Australia New Zealand (CAANZ) 
  • New Zealand Institute of Management (NZIM) 
  • Toyota NZ 
  • Central Economic Development Agency 
  • Morrison Creed Chartered Accountants 
UCOL's New Zealand Diploma in Business is well supported by industry and this strong industry involvement means that students are able to apply their knowledge and skills and develop an analytical approach to real world problems and issues.

 Domestic Entry Requirements

NCEA Level 3

OR

Equivalent academic achievement

OR

On a case-by-case basis at the discretion of the Executive Dean

 

For more information about NCEA Credits see UCOL's NCEA explained page.

 International Entry Requirements

In addition to the Domestic Entry Requirements, the following applies to international student applicants.

English language proficiency
International student applicants whose first language is not English must have an IELTS Academic score of 5.5 with no band score lower than 5 (or equivalent including TOEFL). IELTS scores used must be taken from a single IELTS Test Report Form (i.e. combining scores from more than one test is not permissible). UCOL is a TOEFL iBT testing centre

Under 20 years of age
For international applicants under 20 years of age who do not hold NCEA, International Academic Qualifications Entry Criteria apply.

 

 

 Advice & Guidance

UCOL's New Zealand Diploma in Business comprises 120 credits.

This programme is designed for those who want to work in an operational role in a New Zealand business. It is suitable for graduates of New Zealand Certificates in Business.  

Recognition of prior learning
Applications for Recognition of Prior Learning, including Cross Credit, Credit Transfer and Assessment of Prior Learning may be made on the Recognition of Prior Learning Form where a student believes all learning outcomes for a course or unit standards have already been met.

Application checklist
It will make the process easier if you prepare the following before you apply:

  • National Student Number (NSN) (If you don't have a NSN, you may request one from NZQA, or you can supply a verified copy of your birth certificate, passport or Whakapapa statement.)
  • Evidence of your highest level of academic achievement (and evidence of prior learning, if applicable)
  • Evidence that you meet the entry requirements of the programme
  • Check if you're eligible for additional support or a scholarship. If you're 19 years or younger, you may be eligible to enrol in one of our free Youth Transition programmes.

Note that you will need to provide any verified documents in person, via post or email.

 Accreditation

The programme is approved by the New Zealand Qualifications Authority under section 249 of the Education Act 1989, and Universal College of Learning (UCOL) Trading as Universal College of Learning (UCOL) is accredited to provide it under section 250 of the Act.

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