Semester One: 15 February to 24 June 2016
Semester Two: 11 July to 18 November 2016
Two years full time. Part time study is also available.
Make the next steps towards the practical business career for your future in this two year programme (12 papers). The New Zealand Diploma in Business provides an excellent grounding in business skills. You will benefit from applied theory and practice that is relevant to today's business world.
Choose the papers that you want to create a qualification that will best suit your desired career in general business or specialised areas such as management, accounting or human resources. Working with experienced tutors you will explore real world business situations, learning and creating to get the most out of your future career.
This diploma is highly valued by employers. We have strong links with local businesses and focus on creating opportunities whereby our students can obtain real world experience before they graduate. Many students combine employment or other options with part time study, taking one or two papers each semester.
If you want to keep studying, papers from the diploma can also be credited to the Bachelor of Commerce degree offered at SIT. Students advancing to the Bachelor of Commerce majoring in Accounting may gain membership to the New Zealand Institute of Chartered Accountants.
See also Diploma in Human Resource Management, NZIM Diploma in Management and Accounting Technicians Requirements.
The New Zealand Diploma in Business consists of six compulsory and six optional papers. At least four papers must be taken at Level 6. No more than three papers may be taken at Level 4. Evening classes are offered in addition to day classes to allow students flexibility in study arrangements. The papers offered each semester are marked below. (This depends upon student demand and resource availability). Papers not offered at SIT are available through the Open Polytechnic by correspondence.
Six of the following seven papers must be completed:
- 500 Accounting Principles
- 510 Introduction to Commercial Law
- 520 The Economic Environment
- 530 Organisation and Management
- 541 Fundamentals of Marketing
- 550 Business Computing
- 560 Business Communication
Six optional papers, at least four papers must be taken at Level 6:
- 430 Quantitative Business Methods
- 435 Fundamentals of Small Business
- 501 Accounting Practices
- 580 Principles of Tourism
- 601 Financial Accounting
- 602 Management Accounting
- 603 Business Finance
- 605 Internal Auditing
- 606 Taxation
- 610 The Law of Business Entities
- 611 Business Law
- 630 Leadership
- 633 Human Resource Management
- 635 Employment Relations
- 636 Applied Management
- 650 Applied Computing
- 685 Tourism Industry Management
Paper Descriptions (semester available in 2016)
430 Quantitative Business Methods (not offered in 2016)
Students will demonstrate knowledge of the concepts and methods of data analysis, statistical inference and financial mathematics.
435 Fundamentals of Small Business Management (S2)
Students will demonstrate knowledge of the characteristics, options and operation of small business in the New Zealand context.
500 Accounting Principles (S1 & S2)
Students will understand financial statements and reports and be able to analyse and interpret financie performance for sole traders and small companies.
501 Accounting Practices (S1 & S2)
Students will record and process financial transactions and prepare financial statements and cash budgets for entities in accordance with current accounting practices.
510 Introduction to Commercial Law (S1 & S2)
Students will demonstrate knowledge of commercial law, to enable application of legal reasoning.
520 The Economic Environment (S1)
Students will apply elements of economic theory to contemporary business issues.
530 Organisation and Management (S1 & S2)
Students will understand the factors that influence management and the organisation and apply a range of factors.
541 Fundamentals of Marketing (S1 & S2)
Students will have a working knowledge of fundamental marketing concepts relevant to contemporary organisations.
550 Business Computing (S1 & S2)
Students will understand, discuss, evaluate and apply information technology to meet business requirements.
560 Business Communication (S1 & S2)
Students will apply communication knowledge and skills in the evolving context of New Zealand and global business.
580 Principles of Tourism (not offered in 2016)
Students will understand concepts of global tourism and apply this knowledge to the tourism industry in New Zealand.
601 Financial Accounting (S1)
Students will apply the regulatory and technical aspects of financial accounting and external reporting for companies and evaluate financial and non financial information.
602 Management Accounting (not offered in 2016)
Students will collect, interpret, present and use relevant management accounting information for an organisation to effectively plan, control and make decisions regarding business operations.
603 Business Finance (S1)
Students will apply financial management knowledge and skills to a small or medium size business for decision making purposes.
605 Internal Auditing (not offered in 2016)
Students will understand the role of internal auditing in the corporate governance framework.
606 Taxation (not offered in 2016)
Students will apply knowledge of taxation rules to New Zealand taxable entities in a range of situations.
610 The Law of Business Entities (not offered in 2016)
Students will demonstrate an understanding of the legal requirements for establishment, operation and the cessation as applied to various forms of business entity.
611 Business Law (not offered in 2016)
Students will demonstrate understanding of practical legal opportunities, responsibilities and risks that arise in specific business situations.
630 Leadership (S2)
Students will understand concepts and apply principles of leadership. Students will create a personal plan to develop leadership capabilities.
633 Human Resource Management (S1)
This paper is designed to meet the needs of students who require skills and knowledge in human resource management in general or specific organisational roles.
635 Employment Relations (S1)
Students will apply knowledge of current employment relations legislation, processes and practices, and understand the relationship of the parties involved.
636 Applied Management (S2)
Students will apply management concepts.
650 Applied Computing (not offered in 2016)
Students will use software applications in developing computer based solutions for business problems.
685 Tourism Industry Management (not offered in 2016)
Students will apply business concepts to develop a business plan for a small to medium sized tourism venture.
The New Zealand Diploma in Business is a widely recognised intermediate level business qualification in New Zealand. Organisations such as the New Zealand Institute of Chartered Accountants (NZICA) and the New Zealand Institute of Management (NZIM) recognise the value of the qualification and use it in conjunction with their professional qualifications. Graduates are well positioned to find rewarding career opportunities in accountancy, management and marketing. Graduates are ideally suited to general office management in an intermediate role or as a lead role in middle to smaller size business organisations in both the private and public sectors. Graduates are well equipped to develop and run their own businesses.
2016 textbook list to be confirmed.
Textbook list 2015:
Paper Code - Text (Edition); Authors; Publisher.
435 - The Small Business Book (6th) Oliver, L. and English, J. (Required)
500 - Principles of Accounting (5th); Smart, M.J. Awan, N. & Baxter, R.; Pearson (Required)
501 - Accounting practices: The NZ Context (3rd); McIntosh, R.; Pearson. (Required)
510 - Introduction to New Zealand Commercial Legislation; CCH NZ. (Required)
510 - Understanding Commercial Law (7th); Gebric & Miller; LexisNexis. (Required)
520 - Economics for Today - 9780170190855 (4th/5th); Layton, A. (Required)
530 - Management the Essentials (2nd); Robbins, DeCenzo, Coulter, & Woods; Pearson. (Required)
541 - Marketing. Real people. Real choices (2nd) Solomon, M., Charbonneau, J., Marshall, G., & Stuart, E. (2012); North Shore, NZ; Pearson Education. (Required)
550 - Computing essentials (2011 or 12 or 13); O'Leary, T.J. & O’Leary, L.I.; McGraw-Hill/Irwin. (Recommended)
560 - Communication organisation and innovation (3rd); Barnett & O'Rourke (Required)
601 - NZ Financial Accounting (5th); Deegan & Samkin (Required)
602 - Management Accounting: Information for Creating and Managing Value - 9780071016650 (6th); Langfield-Smith, K., Thorne, H., & Hilton, R. (Required)
603 - Principles Managerial Finance (6th); Gitman, Juchau, & Flanagan (Required)
606 - New Zealand Master Tax Guide for Students 2014 - 9781775470502; CCH NZ (Required)
630 - The leadership experience (1st) Daft Phil Lawson
633 - Human Resources Management in New Zealand (5th); Rudman, R. (2010); Pearson. (Required)
635 - Employment Relations in New Zealand - 9781877371530 (2nd); Rasmussen, E. (2009) (Required)
636 - No prescribed text.
Students less than 20 years old must have a minimum of 14 numeracy credits at level one or higher in mathematics or Pangarau on the Directory of Assessment Standards, and 50 credits at level two or above with at least 12 credits in each of three subjects including a minimum of eight literacy credits at level two or higher in English or Te Reo Māori, four credits must be in reading and four credits must be in writing. The literacy credits will be selected from a schedule of approved achievement standards and unit standards. The schedule may be found on the NZQA website at Literacy Requirements for University Entrance.
Or students must have equivalent to the above to be administered at the discretion of the programme manager under delegated authority from the head of faculty.
Applicants whose first language is not English, or who come from a country where the language of instruction in schools is not English, must meet the English Proficiency Outcomes in accordance with the NZQF Programme Approval and Accreditation Rules 2013 as below.
- IELTS test: Score of 6.0 with no band score lower than 5.5
- TOEFL Paper-based test (pBT): Score of 550 (with an essay score of 5 TWE)
- TOEFL Internet-based test (iBT): Score of 79 or higher (with a writing score of 20)
- University of Cambridge ESOL Examinations: FCE or CAE with a score of 52 or higher
- NZCEL: Level 4 with the Academic endorsement
Combinations of New Zealand Diploma in Business papers also form the following qualifications, meaning if you complete all the required papers, you could graduate with more than one qualification:
Some of the New Zealand Diploma in Business papers can also be credited towards SIT's Bachelor of Commerce and Bachelor of Applied Management degree programmes. The following majors are available:
The BCom is taught on campus in Invercargill and the BAM is studied via SIT2LRN distance learning.
Students must achieve a pass within the first three attempts at any given paper. Following three fails in any given paper the student is barred from enrolling in that paper.
To pass any paper, a student must achieve a combined total of at least 50% in their course work plus final exam.
To complete the programme a student must have a minimum of a pass in 12 papers. This must include six core papers. At least four of the remaining six papers must be at Level 6. Of the total no more than three papers shall be at Level 4.
In addition to credits for the prescribed core and optional papers, each student may include in the qualification one unspecified credit as a substitute for an optional paper. This credit must arise from a course that assesses the outcomes that are not part of an approved New Zealand Diploma in Business prescription. The programme must be at an appropriate level, and assess outcomes that are relevant to the New Zealand Diploma in Business objectives as described in these regulations. Any paper which is to be offered by a teaching institution for the award of an unspecified credit must meet the requirements of the regulations as per NZQA.
Please note: students failing to attend for 80% of timetabled programme hours will forfeit Zero Fees entitlement. However, if due to individual circumstances a student is unable to meet this requirement, but nevertheless is able to satisfy the Programme Manager (in writing) that they have a viable learning strategy in place, this requirement may be waived.