Learning Outcomes for Group Assignment

LO1

Apply knowledge concerning the nature and characteristics of companies, partnerships, trading trusts and sole traders for conducting business

LO5

Research and analyse the significance of companies in the New Zealand economy with particular focus on statistics including size, composition, survival rates and industry demographics

PORTFOLIO TASK ONE

You are a team of four young accountants working for a small, innovative accounting practice that specialises in assisting clients in the technology start-up sector.

Your practice has been approached by two digital technology graduates who have developed a prototype for an analytics platform to assist with business decisions of companies working in the social media sector.

1They have asked you for advice on the current state and competitiveness of companies in the New Zealand tech sector.

Access https://tin100.com/wp-content/uploads/2018/10/Snapshot-Report-2018-TIN-Report.pdf

and help me writing one-two page overview of the sector.

Note: For this question, you should focus on the sector before the Covid 19 pandemic impacted on the NZ economy.

Include in your overview the contribution of the tech sector to the New Zealand economy, relevant industry demographics and survival rates. You are familiar with the data in the 2017 Small Business Factsheet and should include relevant information from this source in your overview.