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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.

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Quick info

Level: 5

Locations: UCOL Manawatū in Palmerston North, UCOL Whanganui, UCOL Wairarapa in Masterton

Duration: 1 year full-time (41 weeks)
Part-time option available.
(See Course Hours & Duration for details)

Dates:
Palmerston North & Whanganui
25 Jul 2022 - 30 Jun 2023 (Apply online)
13 Feb 2023 - 24 Nov 2023
17 Jul 2023 - 28 Jun 2024

Masterton
(New Zealand Diploma in Business with Leadership & Management strand)
25 Jul 2022 - 07 Jul 2023 (Apply online)
13 Feb 2023 - 24 Nov 2023
17 Jul 2023 - 28 Jun 2024

(For 2023 intakes, call 0800 468 265 or register your interest at https://www.ucol.ac.nz/contact-us )

Domestic Fees: *
$5355.00 (2022); (2023 fee TBC)Scholarship info

International Fees:*
$20,500.00 (2022); (2023 fee TBC)

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.

COVID-19 Vaccination Mandate

The New Zealand Government COVID-19 Mandate Order requires the following workers to be vaccinated: 

  • health and disability sector workers
  • prison staff
  • border and MIQ workers.

As well as that, private companies and organisations have the right to require staff to be vaccinated.

Therefore, to go on placement or an internship that is a part of your programme, you must meet COVID-19 vaccination requirements. You can see more information on UCOL's Covid-19 page and on the Unite Against Covid-19 website.

 Course Hours & Duration

This programme runs for 41 weeks each year, including 7 holiday weeks.

Per week, your learning will include approximately:

Class Time
16 hrs

Lectures, tutorials and/or online recordings.
Study Time
24 hrs

Study in your own time.

You can also choose to study part-time, or possibly by paper. Talk to us about your options with this programme.

 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

Note: As a subsidiary of Te Pūkenga - New Zealand Institute of Skills and Technology, UCOL is committed to providing the best learning outcome for you. As part of this, all programmes are currently being reviewed to make them portable, consistent, and closely aligned with the needs of the industry. When published, this course information is correct, but the courses offered may change over time. If you have any questions call an Enrolment Advisor on 0800 468 265.

From 2023, UCOL and the programme you have enrolled in will become part of Te Pūkenga. So, if you join UCOL in 2023, you will be awarded Te Pūkenga certification. And, if you are a current learner graduating in 2023, you will be awarded a co-branded certificate.

This programme consist of 120 Credits.  The courses includes:

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

UCOL Wairarapa only offers the Leadership and Management strand.

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 institutionsEnvironmental, 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 / communicationImpact 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.

 Student & Staff Profiles

 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

English language proficiency
If English is not your first language, you must also demonstrate English language skills equivalent to an IELTS overall band score (academic) of 5.5 with no band score less 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 testing centre.

 

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 testing centre.

Under 20 years of age
In addition to this, international applicants under 20 years of age must have NCEA equivalency.

 Advice & Guidance

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 have already been met. Applications will be evaluated on a case-by-case basis in accordance with the UCOL Academic Statute and other relavant policies and procedures.

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 (not via the online application form).

 Additional Costs

Approximately $124.00 for textbook.

 Accreditation

The programme is approved by the New Zealand Qualifications Authority under the provisions of the Education and Training Act 2020, and Universal College of Learning Limited, a subsidiary of Te Pūkenga is accredited to teach it.

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