Domain - Accounting - Generic

Domain - Accounting - Generic

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Assessment Standards

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Level 1

Explain the nature of accounting and business entities
This standard has expired and is no longer available.

Version 5 This unit standard has been replaced by AS90976.

7359 Unit Standard 2 Credits

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People credited with this unit standard are able to: explain the nature of accounting; explain the nature and features of business entities; and explain the accounting equation for an accounting entity.

Standard-setting body:

NZQA National Qualifications Services

Process financial information to a trial balance using the double entry system
This standard has expired and is no longer available.

Version 6

7360 Unit Standard 3 Credits

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People credited with this unit standard are able to demonstrate how financial elements in the accounting equation are affected by transactions, and apply the accounting process from double entry analysis of cash and credit transactions to trial balance.

Standard-setting body:

NZQA National Qualifications Services

Prepare financial statements for a sole proprietor
This standard has expired and is no longer available.

Version 5 This unit standard has been replaced by AS90978.

7361 Unit Standard 3 Credits

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People credited with this unit standard are able to explain the underlying principles used in the preparation of financial statements for a sole proprietor, and prepare financial statements for a sole proprietor.

Standard-setting body:

NZQA National Qualifications Services

Analyse, interpret, and present the financial information of sole proprietors
This standard has expired and is no longer available.

Version 5 This unit standard has been replaced by AS90980.

7362 Unit Standard 4 Credits

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People credited with this unit standard are able to: calculate ratios and percentages for a sole proprietor; explain and interpret ratios and percentages; and present financial statement information.

Standard-setting body:

NZQA National Qualifications Services

Process financial information using a cash based system
This standard has expired and is no longer available.

Version 5

7363 Unit Standard 3 Credits

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People credited with this unit standard are able to: describe an accounting system and prepare accounting records for a sole proprietor registered for Goods and Services Tax (GST) on the payments basis; describe and prepare accounting entries for a petty cash imprest system; and prepare a bank reconciliation and explain its purpose.

Standard-setting body:

NZQA National Qualifications Services

Manage personal finances
This standard has expired and is no longer available.

Version 5

7364 Unit Standard 3 Credits

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People credited with this unit standard are able to: explain and prepare financial statements for a household or an individual; explain financial documents for an individual; and explain methods of payment and prepare a bank reconciliation statement.

Standard-setting body:

NZQA National Qualifications Services

Examine skills and factors in operating a small business
This standard has expired and is no longer available.

Version 5

7365 Unit Standard 3 Credits

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People credited with this unit standard are able to: describe an enterprise and entrepreneurship; explain the requirements in setting up a small business; explain the role of people involved in operating a small business; and explain features of operating a small business.

Standard-setting body:

NZQA National Qualifications Services

Demonstrate an understanding of the conceptual basis of accounting
This standard has expired and is no longer available.

Version 4

90022 Achievement Standard 3 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Describe a method of processing financial information and analyse transactions
This standard has expired and is no longer available.

Version 4

90023 Achievement Standard 3 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Process financial information for a sole proprietor
This standard has expired and is no longer available.

Version 3

90024 Achievement Standard 4 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Demonstrate an understanding of accounting systems for entities
This standard has expired and is no longer available.

Version 3

90025 Achievement Standard 3 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Prepare financial statements for sole proprietors
This standard has expired and is no longer available.

Version 4

90026 Achievement Standard 4 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Report financial information for an individual or household, and community organisations
This standard has expired and is no longer available.

Version 4

90027 Achievement Standard 3 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Analyse and interpret information for a sole proprietor(s)
This standard has expired and is no longer available.

Version 3

90028 Achievement Standard 4 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Demonstrate understanding of accounting concepts for small entities

Word  PDF

Version 3 This achievement standard replaced unit standard 7359.

90976 Achievement Standard 3 Credits Externally Assessed

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Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Process financial transactions for a small entity

Word  PDF

Version 3

90977 Achievement Standard 5 Credits Externally Assessed

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Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Prepare financial statements for sole proprietors

Word  PDF

Version 3 This achievement standard replaced unit standard 7361.

90978 Achievement Standard 5 Credits Externally Assessed

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Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Prepare financial information for a community organisation's annual general meeting

Word  PDF

Version 3

90979 Achievement Standard 4 Credits Externally Assessed

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Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Interpret accounting information for sole proprietors

Word  PDF

Version 3 This achievement standard replaced unit standard 7362.

90980 Achievement Standard 4 Credits Externally Assessed

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Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Make a financial decision for an individual or group

Word  PDF

Version 3

90981 Achievement Standard 3 Credits Externally Assessed

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Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Demonstrate understanding of cash management for a small entity

Word  PDF

Version 3

90982 Achievement Standard 4 Credits Externally Assessed

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Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Level 2

Review the control and accounting procedures for a cash sub-system
This standard has expired and is no longer available.

Version 5

7366 Unit Standard 4 Credits

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People credited with this unit standard are able to: explain the nature of cash transactions, and prepare accounting records for a cash sub-system; explain the major requirements for effective internal control within a cash sub-system; and analyse a cash sub-system.

Standard-setting body:

NZQA National Qualifications Services

Review the control and accounting procedures for an accounts receivable sub-system
This standard has expired and is no longer available.

Version 5 This unit standard, unit standard 7368, unit standard 7369, AS90222, and AS90223 have been replaced by AS91179 and AS91386.

7367 Unit Standard 4 Credits

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People credited with this unit standard are able to: explain the nature of accounts receivable transactions, and prepare accounting records for an accounts receivable sub-system; explain the costs involved in extending credit to customers, and prepare related accounting entries; explain the major requirements for effective internal control within accounts receivable sub-systems; and analyse an accounts receivable sub-system.

Standard-setting body:

NZQA National Qualifications Services

Review the control and accounting procedures for an accounts payable sub-system
This standard has expired and is no longer available.

Version 5 This unit standard, unit standard 7367, unit standard 7369, AS90222, and AS90223 have been replaced by AS91179 and AS91386.

7368 Unit Standard 4 Credits

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People credited with this unit standard are able to: explain the nature of accounts payable transactions, and prepare accounting records for an accounts payable sub-system; explain the major requirements for effective internal control within accounts payable and credit purchases sub-systems; and analyse an accounts payable sub-system.

Standard-setting body:

NZQA National Qualifications Services

Review the control and accounting procedures for an inventory sub-system
This standard has expired and is no longer available.

Version 5 This unit standard, unit standard 7367, unit standard 7368, AS90222, and AS90223 have been replaced by AS91179 and AS91386.

7369 Unit Standard 4 Credits

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People credited with this unit standard are able to: explain the perpetual inventory system, and prepare accounting records for an inventory sub-system; explain the major requirements for effective internal control within an inventory sub-system; and analyse an inventory sub-system.

Standard-setting body:

NZQA National Qualifications Services

Review the control and accounting procedures for a property, plant, and equipment (PPE) sub-system
This standard has expired and is no longer available.

Version 5

7370 Unit Standard 4 Credits

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People credited with this unit standard are able to: explain the nature of property, plant, and equipment (PPE) transactions, and prepare accounting records for a PPE sub-system; explain the major requirements for effective internal control within a PPE sub-system; and analyse a PPE sub-system.

Standard-setting body:

NZQA National Qualifications Services

Review the control and accounting procedures for a payroll sub-system
This standard has expired and is no longer available.

Version 5

7371 Unit Standard 4 Credits

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People credited with this unit standard are able to: explain the nature of payroll transactions, and prepare accounting records for a payroll sub-system; explain the major requirements for effective internal control within a payroll sub-system; and analyse a payroll sub-system.

Standard-setting body:

NZQA National Qualifications Services

Explain and make balance sheet date adjustments and incorporate them into financial statements
This standard has expired and is no longer available.

Version 5 This unit standard and AS90224 have been replaced by AS91176.

7372 Unit Standard 2 Credits

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People credited with this unit standard are able to explain and make balance sheet date adjustments, and incorporate balance sheet date adjustments into financial statements.

Standard-setting body:

NZQA National Qualifications Services

Account for community organisations
This standard has expired and is no longer available.

Version 5

7373 Unit Standard 3 Credits

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People credited with this unit standard are able to: describe the nature of community organisations; describe and prepare accounting records for a community organisation or organisations; prepare the financial statements for a community organisation or organisations; and prepare a treasurer's report for a community organisation.

Standard-setting body:

NZQA National Qualifications Services

Describe the conceptual basis of accounting for a sole proprietor
This standard has expired and is no longer available.

Version 4 This achievement standard has been replaced by AS91174.

90220 Achievement Standard 3 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Investigate and report on accounting subsystems
This standard has expired and is no longer available.

Version 3 This achievement standard, AS90223, unit standard 7367, unit standard 7368, and unit standard 7369 have been replaced by AS91179 and AS91386.

90222 Achievement Standard 4 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Demonstrate understanding of accounting processes for accounting subsystems
This standard has expired and is no longer available.

Version 4 This achievement standard, AS90222, unit standard 7367, unit standard 7368, and unit standard 7369 have been replaced by AS91179 and AS91386.

90223 Achievement Standard 5 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Prepare financial statements and related accounting entries for sole proprietors
This standard has expired and is no longer available.

Version 4 This achievement standard and unit standard 7372 have been replaced by AS91176.

90224 Achievement Standard 5 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Analyse and interpret information and make recommendation(s) for a sole proprietor
This standard has expired and is no longer available.

Version 3 This achievement standard has been replaced by AS91177.

90225 Achievement Standard 4 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Use computer software to process financial transactions for a sole proprietor
This standard has expired and is no longer available.

Version 4 This achievement standard has been replaced by AS91175.

90226 Achievement Standard 3 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Demonstrate understanding of accounting concepts for an entity that operates accounting subsystems

Word  PDF

Version 2 This achievement standard replaced AS90220.

91174 Achievement Standard 4 Credits Externally Assessed

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Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Demonstrate understanding of accounting processing using accounting software

Word  PDF

Version 2 This achievement standard replaced AS90226.

91175 Achievement Standard 4 Credits Externally Assessed

View Education Organisations with Consent to Assess  »

Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Prepare financial information for an entity that operates accounting subsystems

Word  PDF

Version 2 This achievement standard replaced unit standard 7372 and AS90224.

91176 Achievement Standard 5 Credits Externally Assessed

View Education Organisations with Consent to Assess  »

Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Interpret accounting information for entities that operate accounting subsystems

Word  PDF

Version 2 This achievement standard replaced AS90225.

91177 Achievement Standard 4 Credits Externally Assessed

View Education Organisations with Consent to Assess  »

Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Demonstrate understanding of an accounts receivable subsystem for an entity

Word  PDF

Version 2 This achievement standard and AS91386 replaced AS90222, AS90223, unit standard 7367, unit standard 7368, and unit standard 7369.

91179 Achievement Standard 3 Credits Externally Assessed

View Education Organisations with Consent to Assess  »

Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Demonstrate understanding of an inventory subsystem for an entity

Word  PDF

Version 2 This achievement standard and AS91179 replaced AS90222, AS90223, unit standard 7367, unit standard 7368, and unit standard 7369.

91386 Achievement Standard 3 Credits Externally Assessed

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Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Demonstrate understanding of a contemporary accounting issue for decision-making

Word  PDF

Version 2

91481 Achievement Standard 4 Credits Externally Assessed

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Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Level 3

Explain the conceptual basis of accounting for reporting entities
This standard has expired and is no longer available.

Version 5 This unit standard and AS90500 have been replaced by AS91404.

7374 Unit Standard 4 Credits

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People credited with this unit standard are able to explain: the objectives and underlying assumptions, and qualitative characteristics of financial statements; and the purpose of New Zealand Equivalents to International Financial Reporting Standards (NZIFRS).

Standard-setting body:

NZQA National Qualifications Services

Prepare accounting records and financial statements for partnerships
This standard has expired and is no longer available.

Version 5 This unit standard, AS90501, and AS90503 have been replaced by AS91405.

7375 Unit Standard 2 Credits

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People credited with this unit standard are able to: explain the nature of a partnership; explain and prepare accounting records for a partnership; and explain and prepare financial statements for a partnership.

Standard-setting body:

NZQA National Qualifications Services

Prepare accounting records for companies
This standard has expired and is no longer available.

Version 5 This unit standard, unit standard 7377, AS90501, and AS90503 have been replaced by AS91406.

7376 Unit Standard 2 Credits

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People credited with this unit standard are able to explain the nature of a company, and explain and prepare accounting records for a company.

Standard-setting body:

NZQA National Qualifications Services

Describe and prepare the financial statements for a company
This standard has expired and is no longer available.

Version 5 This unit standard, unit standard 7376, AS90501, and AS90503 have been replaced by AS91406.

7377 Unit Standard 4 Credits

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People credited with this unit standard are able to: describe the nature of an exempt company; prepare financial statements for a company; and prepare the Cash Flow Statement for a company.

Standard-setting body:

NZQA National Qualifications Services

Analyse and interpret company financial statements
This standard has expired and is no longer available.

Version 5 This unit standard and AS90504 have been replaced by AS91407.

7378 Unit Standard 3 Credits

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People credited with this unit standard are able to demonstrate knowledge of ratios and percentages for a company, and analyse and interpret the financial results of a company.

Standard-setting body:

NZQA National Qualifications Services

Process financial information for a manufacturing enterprise
This standard has expired and is no longer available.

Version 5 This unit standard and AS90502 have been replaced by AS91409.

7379 Unit Standard 3 Credits

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People credited with this unit standard are to: prepare a manufacturing statement; explain and prepare information using a job cost system; and prepare accounting records for a job cost system.

Standard-setting body:

NZQA National Qualifications Services

Recognise and examine management control concepts
This standard has expired and is no longer available.

Version 6 This unit standard and AS90505 have been replaced by AS91408.

7380 Unit Standard 3 Credits

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People credited with this unit standard are able to explain cost-volume-profit analysis as a management tool; and explain the concepts of budgeting, and prepare a cash budget for a business.

Standard-setting body:

NZQA National Qualifications Services

Describe and apply the conceptual basis of accounting in context
This standard has expired and is no longer available.

Version 3 This achievement standard and unit standard 7374 have been replaced by AS91404.

90500 Achievement Standard 4 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Process financial information for partnerships and companies
This standard has expired and is no longer available.

Version 4 This achievement standard, unit standard 7375, and AS90503 have been replaced by AS91405.

90501 Achievement Standard 3 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Process financial information for a manufacturing job cost subsystem
This standard has expired and is no longer available.

Version 3 This achievement standard and unit standard 7379 have been replaced by AS91409.

90502 Achievement Standard 3 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Prepare financial statements for partnerships and companies
This standard has expired and is no longer available.

Version 4 This achievement standard, unit standard 7375, and AS90501 have been replaced by AS91405.

90503 Achievement Standard 6 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Prepare a report that analyses and interprets a company's financial report for external users
This standard has expired and is no longer available.

Version 3 This achievement standard and unit standard 7378 have been replaced by AS91407.

90504 Achievement Standard 5 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Explain and prepare information for management decision making
This standard has expired and is no longer available.

Version 3 This achievement standard and unit standard 7380 have been replaced by AS91408.

90505 Achievement Standard 3 Credits Externally Assessed

View Education Organisations with Consent to Assess  »

Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Demonstrate understanding of accounting concepts for a New Zealand reporting entity

Word  PDF

Version 2 This achievement standard replaced unit standard 7374 and AS90500.

91404 Achievement Standard 4 Credits Externally Assessed

View Education Organisations with Consent to Assess  »

Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Demonstrate understanding of accounting for partnerships

Word  PDF

Version 2 This achievement standard replaced unit standard 7375, AS90501, and AS90503.

91405 Achievement Standard 4 Credits Externally Assessed

View Education Organisations with Consent to Assess  »

Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Demonstrate understanding of company financial statement preparation

Word  PDF

Version 2 This achievement standard replaced unit standard 7376, unit standard 7377, AS90501, and AS90503.

91406 Achievement Standard 5 Credits Externally Assessed

View Education Organisations with Consent to Assess  »

Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Prepare a report for an external user that interprets the annual report of a New Zealand reporting entity

Word  PDF

Version 2 This achievement standard replaced unit standard 7378 and AS90504.

91407 Achievement Standard 5 Credits Externally Assessed

View Education Organisations with Consent to Assess  »

Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Demonstrate understanding of management accounting to inform decision-making

Word  PDF

Version 2 This achievement standard replaced unit standard 7380 and AS90505.

91408 Achievement Standard 4 Credits Externally Assessed

View Education Organisations with Consent to Assess  »

Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Demonstrate understanding of a job cost subsystem for an entity

Word  PDF

Version 2 This achievement standard replaced unit standard 7379 and AS90502.

91409 Achievement Standard 4 Credits Externally Assessed

View Education Organisations with Consent to Assess  »

Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Data as at 24 January 2022