Scholarship Accounting

On this page:

• Accounting assessment specification
• Accounting resources

Accounting assessment specification 

Format of the assessment

There will be five questions, each worth 8 marks. Some questions may be divided into more than one part. Candidates are advised to spend at least 20 minutes reading the resources provided.

A number of links providing general information regarding the variety of issues to be considered are listed below.

Equipment required

Candidates will need a calculator.

Special notes

Candidates should be familiar with the following:

• material covered in level 1, level 2 and level 3 achievement standards,
• the Explanatory Notes of the scholarship performance standards,
• the updated Level 3 Accounting and Scholarship Appendix on TKI (updated March 2010)
• the New Zealand Equivalent to the IASB Framework for the Preparation and presentation of Financial Statements,
• the New Zealand Equivalent to International Accounting Standard 1 - Presentation of Financial Statements (NZ IAS 1),
• the Pumpkin Patch 2011 Annual Report
• NZ IAS 37 Provisions, Contingent Liabilities and Contingent Assets.

Content / Context details

Questions will address the following (This is not necessarily the order in which the questions will be asked):

• a cash flow statement and the reconciliation of profit to net cash from operating activities – see Appendix C of NZ IAS 7. Candidates will be expected to be able to reconstruct ledger accounts in T-format
• a combination of a statement of comprehensive income and/or statement of financial position and/or a statement of changes of equity and accompany notes for a company, prepared for external reporting purposes
• company-related issues including the presentation of images, graphs, tables, and diagrams in annual reports
• the New Zealand Framework for the Preparation and Presentation of Financial Statements (NZ Framework) and related accounting issues
• the analysis and interpretation of financial information. 

 Accounting resources
The links listed below are for resources to help teachers and students understand what is required for success in Scholarship.

• Performance standards
• Exemplars of students' work (PDF, 590KB)
• Top Scholar 2011 (PDF, 2.6MB)
• Exam materials (question books, resource books, reports, schedules, etc)
  • 2011 exam materials (ZIP, 1.1MB)
  • 2010 exam materials (ZIP, 758KB)
  • 2009 exam materials (ZIP, 4.8MB)
  • 2008 exam materials (ZIP, 1.2MB)
  • 2007 exam materials (ZIP, 1.6MB)
  • 2006 exam materials (ZIP, 1.3MB)
  • 2005 exam materials (ZIP, 1.1MB)
  • 2004 exam materials (ZIP, 880KB)
  • All years (ZIP, 8.1MB)