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Moderator's Newsletter - Accounting
February, 2010
Contents:
This newsletter gives information on the following topics:
- 90504 Excellence criteria
- Annotated exemplars
- Clarifications for Level 1 internal achievement standards
- TKI Resources
- Changes to optional teacher-selected evidence
90504 Excellence criteria
The Excellence criteria for 90504 states:
Prepare a detailed report that comprehensively analyses and interprets a company's financial report, and fully justifies a conclusion.
Under NZIFRS considerably more information is available than was the case under the previous FRS. A detailed and comprehensive report will make use of this additional information. In particular businesses are all required to disclose sector analysis where this is relevant. A detailed and comprehensive analysis and interpretation is expected to include discussion of each of the sectors the business is divided into by management for NZIFRS reporting purposes.
Annotated Exemplars
As at 1 February 2010 annotated exemplars are available for:
Annotated exemplars for 90024 and 90025 have been developed and will be made available during February/March 2010. Additional exemplars for 90504 will also be added during February/March 2010.
Clarifications for Level 1 standards
The clarifications document has been updated to provide guidance on both the Level 1 internal achievement standards.
TKI Resources
The TKI resources have been updated for all current achievement standards except 90226. The 90226 activities will be updated during 2010 when time and resources allow.
When preparing assessment activities reference should be made to the most recent TKI activity/ies for each standard.
Activities dated 2009 or 2010 are all fit for purpose and may be used unmodified or as a reference when preparing modified or alternative assessment activities.
It is particularly important that all teachers now use the revised activity for 90504 and ensure students are using current annual reports based on NZIFRS.
Changes to Optional Teacher-selected evidence.
Changes from September 2009 (Circular A2009/027)
- The number of samples of student work for optional teacher selected evidence has been increased. Teachers may now send up to ten samples per standard per year.
- The samples for optional evidence feedback can relate to any standard, not just the standard selected for external moderation.
- The samples can be sent at any time throughout the year (through Secondary Moderation, NZQA), not just at the time of the school submission date (directly to moderator).
- The samples do not have to be accompanied by other assessment materials unless the teacher believes they would assist the moderator in understanding their question
- There is no specific turnaround time for samples sent outside the school submission date as this will depend on moderator capacity.
Specific questions can be asked about the samples to help further define the grade boundaries and clarify issues in the assessment of that work. The feedback provided from the moderator does not form part of the official moderation report and is designed to be more developmental in nature. Teachers are encouraged to take this opportunity to engage in professional dialogue to further define the grade boundaries.
For example, questions that could be asked include:
90024: "I gave student A Achievement and student B Merit based on good accounting practice. Is this the correct judgement of good accounting practice for these two students?"
90504: "I believe this is almost a Merit, but the section on liquidity is very weak. Would the student receive Merit if he provided a better discussion on liquidity?"
Note however that questions should not be asked about what grade to give the student. For example, "Please tell me if this student is an Achieved or a Merit".
Last updated: 02 February 2010