Domain - Accounting - Middle Level

Domain - Accounting - Middle Level

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Level 4

Complete a bank reconciliation for a business entity
This standard is expiring. The last date for assessment to take place is 31 December 2023.

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Version 8

11609 Unit Standard 2 Credits

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People credited with this unit standard are able to complete a bank reconciliation for a business entity.

Standard-setting body:

Ringa Hora Services Workforce Development Council NZQA National Qualifications Services

Perform the accounting functions for accounts receivable
This standard has expired and is no longer available.

Version 7 This unit standard and unit standard 11611 have been replaced by unit standard 29012.

11610 Unit Standard 4 Credits

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People credited with this unit standard are able to: analyse, classify, and record accounts receivable transactions in an accounting system; and reconcile records of, and report accounts receivable transactions.

Standard-setting body:

NZQA National Qualifications Services

Perform the accounting functions for accounts payable
This standard has expired and is no longer available.

Version 7 This unit standard and unit standard 11610 have been replaced by unit standard 29012.

11611 Unit Standard 4 Credits

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People credited with this unit standard are able to: analyse, classify, and record accounts payable transactions in an accounting system; and reconcile records of, and report accounts payable transactions.

Standard-setting body:

NZQA National Qualifications Services

Perform the accounting functions for fixed assets
This standard has expired and is no longer available.

Version 5

11614 Unit Standard 4 Credits

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People credited with this unit standard are able to: maintain a fixed asset master file; create and record fixed asset transactions in an accounting system; reconcile records of fixed asset transactions; and report fixed assets transactions.

Standard-setting body:

NZQA National Qualifications Services

Perform the accounting processes for GST
This standard has expired and is no longer available.

Version 7

11615 Unit Standard 2 Credits

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People credited with this unit standard are able to: calculate and record Goods and Services Tax (GST); and complete a GST return.

Standard-setting body:

NZQA National Qualifications Services

Perform the accounting functions for inventory
This standard is expiring. The last date for assessment to take place is 31 December 2023.

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Version 8

11618 Unit Standard 2 Credits

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People credited with this unit standard are able to: analyse, classify, and record inventory transactions in an accounting system; and reconcile records of, and report inventory transactions.

Standard-setting body:

Ringa Hora Services Workforce Development Council NZQA National Qualifications Services

Operate a cost accounting system
This standard has expired and is no longer available.

Version 6

11619 Unit Standard 3 Credits

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People credited with this unit standard are able to: gather and validate input data for a cost accounting system; classify and allocate data in a cost accounting system; produce performance reports from a cost accounting system; and reconcile records in a cost accounting system.

Standard-setting body:

NZQA National Qualifications Services

Prepare and review a profit and loss budget
This standard has expired and is no longer available.

Version 8 This unit standard and unit standard 25941 have been replaced by unit standard 29017.

11620 Unit Standard 2 Credits

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People credited with this unit standard are able to: prepare a profit and loss budget; and review actual results against a profit and loss budget.

Standard-setting body:

NZQA National Qualifications Services

Prepare financial returns required by government and industry bodies
This standard has expired and is no longer available.

Version 5

11621 Unit Standard 2 Credits

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People credited with this unit standard are able to gather and validate data for financial returns required by government and industry bodies, and complete financial returns required by government and industry bodies.

Standard-setting body:

NZQA National Qualifications Services

Demonstrate knowledge of the nature of accounting and prepare financial statements for an entity
This standard has expired and is no longer available.

Version 8 This unit standard and unit standard 25939 have been replaced by unit standard 29014.

11622 Unit Standard 10 Credits

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People credited with this unit standard are able to: explain the nature of accounting and accounting concepts; explain and classify transactions according to their effect on the expanded accounting equation; and prepare financial statements for an entity.

Standard-setting body:

NZQA National Qualifications Services

Explain and apply accounting information systems and processes
This standard has expired and is no longer available.

Version 6 This unit standard and unit standard 11612 have been replaced by unit standard 25939.

11623 Unit Standard 15 Credits

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People credited with this unit standard are able to explain the principles of an accounting information system, and explain and apply the processes and systems for transaction processing, information storage and report generation.

Standard-setting body:

NZQA National Qualifications Services

Demonstrate and apply knowledge of an accounting system
This standard has expired and is no longer available.

Version 3 This unit standard and unit standard 11622 have been replaced by unit standard 29014.

25939 Unit Standard 10 Credits

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People credited with this unit standard are able to: explain the principles of an accounting system; analyse, classify, and record general ledger transactions in an accounting system; and reconcile general ledger transactions to other ledgers and report general ledger transactions.

Standard-setting body:

NZQA National Qualifications Services

Apply the elements of accounting to support a business entity
This standard is expiring. The last date for assessment to take place is 31 December 2023.

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Version 2

29010 Unit Standard 15 Credits

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A person credited with this standard is able to apply the elements of accounting to support a business entity, in accordance with the requirements of the entity. This unit standard has been developed primarily for assessment within programmes leading to the New Zealand Certificate in Business (Accounting Support Services) (Level 4) [Ref: 2455].

Standard-setting body:

Ringa Hora Services Workforce Development Council NZQA National Qualifications Services

Prepare tax returns for a business entity
This standard is expiring. The last date for assessment to take place is 31 December 2023.

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Version 2

29011 Unit Standard 10 Credits

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A person credited with this standard is able to prepare tax returns for a business entity, in accordance with the requirements of the entity. This unit standard has been developed primarily for assessment within programmes leading to the New Zealand Certificate in Business (Accounting Support Services) (Level 4) [Ref: 2455].

Standard-setting body:

Ringa Hora Services Workforce Development Council NZQA National Qualifications Services

Manage accounts payable and receivable for a business entity
This standard is expiring. The last date for assessment to take place is 31 December 2023.

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Version 2 This unit standard replaced unit standard 11610 and unit standard 11611.

29012 Unit Standard 13 Credits

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A person credited with this standard is able to manage accounts payable and receivable for a business entity, in accordance with the requirements of the entity. This unit standard has been developed primarily for assessment within programmes leading to the New Zealand Certificate in Business (Accounting Support Services) (Level 4) [Ref: 2455].

Standard-setting body:

Ringa Hora Services Workforce Development Council NZQA National Qualifications Services

Prepare payroll for a business entity
This standard is expiring. The last date for assessment to take place is 31 December 2023.

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Version 2

29013 Unit Standard 12 Credits

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A person credited with this standard is able to prepare payroll for a business entity, in accordance with the requirements of the entity. This unit standard has been developed primarily for assessment within programmes leading to the New Zealand Certificate in Business (Accounting Support Services) (Level 4) [Ref: 2455].

Standard-setting body:

Ringa Hora Services Workforce Development Council NZQA National Qualifications Services

Level 5

Perform the accounting functions for general ledger transactions
This standard has expired and is no longer available.

Version 5 This unit standard and unit standard 11623 have been replaced by unit standard 25939.

11612 Unit Standard 4 Credits

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People credited with this unit standard are able to: maintain a general ledger Chart of Accounts; create and record general ledger transactions in an accounting system; reconcile general ledger transactions to other ledgers; and report general ledger transactions.

Standard-setting body:

NZQA National Qualifications Services

Perform the accounting functions for payroll
This standard has expired and is no longer available.

Version 5

11613 Unit Standard 7 Credits

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People credited with this unit standard are able to: calculate payroll transactions; analyse, classify, and record payroll transactions in an accounting system; make payroll payments; reconcile records of payroll transactions; report payroll transactions; and maintain employee payroll records.

Standard-setting body:

NZQA National Qualifications Services

Perform the accounting processes for payments for ACC, statutory payroll deductions, and FBT
This standard has expired and is no longer available.

Version 5

11616 Unit Standard 4 Credits

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People credited with this unit standard are able to: calculate and record payments for ACC, statutory payroll deductions, and Fringe Benefit Tax (FBT); complete returns for ACC, statutory payroll deductions, and FBT; and reconcile records of payments for statutory payroll deductions.

Standard-setting body:

NZQA National Qualifications Services

Perform the accounting functions for routine trust account transactions
This standard has expired and is no longer available.

Version 5

11617 Unit Standard 5 Credits

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People credited with this unit standard are able to: maintain a trust account client master file; receive, refund, and bank client funds; calculate interest and charges for client accounts; analyse, classify, and record trust account transactions in an accounting system; reconcile records of trust account transactions; and report trust account transactions.

Standard-setting body:

NZQA National Qualifications Services

Demonstrate and apply knowledge of financial analysis
This standard has expired and is no longer available.

Version 8

11624 Unit Standard 10 Credits

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People credited with this unit standard are able to: explain the objectives and limitations of analysis of financial statements; calculate ratios to measure profitability, asset utilisation, working capital management, long-term financial stability, and financial markets; report to management on the results of financial analysis; and demonstrate and apply knowledge of the solvency test.

Standard-setting body:

NZQA National Qualifications Services

Explain the nature of professional and regulatory processes for accounting
This standard has expired and is no longer available.

Version 6

11625 Unit Standard 5 Credits

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People credited with this unit standard are able to discuss the professional and statutory requirements for accounting that impact on organisations, and explain the processes involved in technical accounting standard setting.

Standard-setting body:

NZQA National Qualifications Services

Explain and apply concepts of management accounting
This standard has expired and is no longer available.

Version 5 This unit standard has been replaced by unit standard 25940 and unit standard 25941.

11627 Unit Standard 20 Credits

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People credited with this unit standard are able to: explain the role of management accounting in resource management; explain the processes for controlling and allocating costs; apply the processes for controlling and allocating costs; explain the nature of budgets and prepare a master budget; calculate variances and prepare a variance report for a standard costing system; and apply short-term decision making techniques in management accounting.

Standard-setting body:

NZQA National Qualifications Services

Explain and apply concepts of taxation
This standard has expired and is no longer available.

Version 5

11628 Unit Standard 20 Credits

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People credited with this unit standard are able to determine taxation compliance requirements and the taxation implications of a range of activities, and determine taxation liability and prepare taxation returns for a range of activities.

Standard-setting body:

NZQA National Qualifications Services

Explain and apply concepts of external financial reporting
This standard has expired and is no longer available.

Version 5

11629 Unit Standard 20 Credits

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People credited with this unit standard are able to: explain the nature of external financial reports; explain the nature of general purpose financial reporting; prepare the financial statements for a reporting entity; and prepare working papers for the consolidation of a 100% owned holding company-subsidiary company relationship, and prepare consolidated financial statements.

Standard-setting body:

NZQA National Qualifications Services

Explain the nature and processes of auditing
This standard has expired and is no longer available.

Version 5

11630 Unit Standard 20 Credits

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People credited with this unit standard are able to: explain the nature of auditing, and professional and regulatory requirements that affect, auditing; explain the purposes of, and the processes involved in, establishing an audit plan; explain the mechanics of internal and external audits; and discuss the issues associated with the preparation of audit reports.

Standard-setting body:

NZQA National Qualifications Services

Demonstrate and apply knowledge of management accounting concepts
This standard has expired and is no longer available.

Version 3 This unit standard has been replaced by unit standard 29020.

25940 Unit Standard 12 Credits

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People credited with this unit standard are able to: explain the role of management accounting; explain and apply the processes for controlling and allocating costs; prepare a variance report for a standard costing system; and apply short-term decision-making techniques in management accounting.

Standard-setting body:

NZQA National Qualifications Services

Demonstrate and apply knowledge of the budgeting process for an organisation
This standard has expired and is no longer available.

Version 3 This unit standard and unit standard 11620 have been replaced by unit standard 29017.

25941 Unit Standard 8 Credits

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People credited with this unit standard are able to: explain the purpose of budgets for an organisation; prepare budgets for an organisation; and review actual results against the budget.

Standard-setting body:

NZQA National Qualifications Services

Apply accounting principles and practices for a business entity
This standard is expiring. The last date for assessment to take place is 31 December 2023.

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Version 2 This unit standard replaced unit standard 11622 and unit standard 25939.

29014 Unit Standard 22 Credits

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A person credited with this standard is able to apply accounting principles and practices for a business entity, in accordance with the requirements of the entity. This unit standard has been developed primarily for assessment within programmes leading to the Accounting strand of the New Zealand Diploma in Business (with strands in Accounting, Administration and Technology, Leadership and Management, and Project Management) (Level 5) [Ref: 2459].

Standard-setting body:

Ringa Hora Services Workforce Development Council NZQA National Qualifications Services

Analyse and communicate financial information, and evaluate and minimise financial risk for a business entity
This standard is expiring. The last date for assessment to take place is 31 December 2023.

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Version 2

29015 Unit Standard 23 Credits

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A person credited with this standard is able to analyse and communicate financial information, and evaluate and minimise financial risk for a business entity, in accordance with the requirements of the entity. This unit standard has been developed primarily for assessment within programmes leading to the Accounting strand of the New Zealand Diploma in Business (with strands in Accounting, Administration and Technology, Leadership and Management, and Project Management) (Level 5) [Ref: 2459].

Standard-setting body:

Ringa Hora Services Workforce Development Council NZQA National Qualifications Services

Apply tax rules for individuals and small businesses
This standard is expiring. The last date for assessment to take place is 31 December 2023.

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Version 2

29016 Unit Standard 5 Credits

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A person credited with this standard is able to apply tax rules for individuals and small businesses. This unit standard has been developed primarily for assessment within programmes leading to the Accounting strand of the New Zealand Diploma in Business (with strands in Accounting, Administration and Technology, Leadership and Management, and Project Management) (Level 5) [Ref: 2459].

Standard-setting body:

Ringa Hora Services Workforce Development Council NZQA National Qualifications Services

Prepare budgets and monitor business performance against budgets for a business entity
This standard is expiring. The last date for assessment to take place is 31 December 2023.

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Version 2 This unit standard replaced unit standard 11620 and unit standard 25941.

29017 Unit Standard 10 Credits

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A person credited with this standard is able to prepare budgets and monitor business performance against budgets for a business entity, in accordance with the requirements of the entity. This unit standard has been developed primarily for assessment within programmes leading to the Accounting strand of the New Zealand Diploma in Business (with strands in Accounting, Administration and Technology, Leadership and Management, and Project Management) (Level 5) [Ref: 2459].

Standard-setting body:

Ringa Hora Services Workforce Development Council NZQA National Qualifications Services

Level 6

Explain and apply concepts of financial management
This standard has expired and is no longer available.

Version 5

11626 Unit Standard 20 Credits

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People credited with this unit standard are able to: explain the nature of and the need for strategies for financial management; explain the nature of, and calculate, measures of risk; explain and apply the principles of project appraisal; explain the processes of funds management; explain and evaluate the nature of, and calculate cost of, capital; and explain the processes of managing capital structures and liability portfolios.

Standard-setting body:

NZQA National Qualifications Services

Prepare financial reports for companies and comply with ethical requirements
This standard is expiring. The last date for assessment to take place is 31 December 2023.

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Version 2

29018 Unit Standard 12 Credits

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A person credited with this standard is able to prepare financial reports for companies and comply with ethical requirements, in accordance with the requirements of the entity. This unit standard has been developed primarily for assessment within programmes leading to the Accounting strand of the New Zealand Diploma in Business (with strands in Accounting, Administration and Technology, Leadership and Management, and Maori Business and Management) (Level 6) [Ref: 2460].

Standard-setting body:

Ringa Hora Services Workforce Development Council NZQA National Qualifications Services

Analyse and communicate financial and non-financial information for strategic decision-making for a business entity
This standard is expiring. The last date for assessment to take place is 31 December 2023.

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Version 2

29019 Unit Standard 8 Credits

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A person credited with this standard is able to analyse and communicate financial and non-financial information for strategic decision-making for a business entity, in accordance with the requirements of the entity. This unit standard has been developed primarily for assessment within programmes leading to the Accounting strand of the qualification New Zealand Diploma in Business (with strands in Accounting, Administration and Technology, Leadership and Management, and Maori Business and Management) (Level 6) [Ref: 2460].

Standard-setting body:

Ringa Hora Services Workforce Development Council NZQA National Qualifications Services

Evaluate and use management accounting information for a business entity
This standard is expiring. The last date for assessment to take place is 31 December 2023.

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Version 2 This unit standard replaced unit standard 25940.

29020 Unit Standard 10 Credits

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A person credited with this standard is able to evaluate and use management accounting information for a business entity, in accordance with the requirements of the entity. This unit standard has been developed primarily for assessment within programmes leading to the Accounting strand of the New Zealand Diploma in Business (with strands in Accounting, Administration and Technology, Leadership and Management, and Maori Business and Management) (Level 6) [Ref: 2460].

Standard-setting body:

Ringa Hora Services Workforce Development Council NZQA National Qualifications Services

Integrate business finance techniques for a business entity
This standard is expiring. The last date for assessment to take place is 31 December 2023.

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Version 2

29021 Unit Standard 10 Credits

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A person credited with this standard is able to integrate business finance techniques for a business entity, in accordance with the requirements of the entity. This unit standard has been developed primarily for assessment within programmes leading to the Accounting strand of the New Zealand Diploma in Business (with strands in Accounting, Administration and Technology, Leadership and Management, and Maori Business and Management) (Level 6) [Ref: 2460].

Standard-setting body:

Ringa Hora Services Workforce Development Council NZQA National Qualifications Services

Evaluate and use accounting information systems for a business entity
This standard is expiring. The last date for assessment to take place is 31 December 2023.

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Version 2

29022 Unit Standard 10 Credits

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A person credited with this standard is able to evaluate and use accounting information systems for a business entity, in accordance with the requirements of the entity. This unit standard has been developed primarily for assessment within programmes leading to the Accounting strand of the New Zealand Diploma in Business (with strands in Accounting, Administration and Technology, Leadership and Management, and Maori Business and Management) (Level 6) [Ref: 2460].

Standard-setting body:

Ringa Hora Services Workforce Development Council NZQA National Qualifications Services

Apply tax rules to New Zealand business entities
This standard is expiring. The last date for assessment to take place is 31 December 2023.

Word  PDF

Version 2

29023 Unit Standard 10 Credits

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A person credited with this standard is able to apply tax rules to New Zealand business entities, in accordance with the requirements of each entity. This unit standard has been developed primarily for assessment within programmes leading to the Accounting strand of the New Zealand Diploma in Business (with strands in Accounting, Administration and Technology, Leadership and Management, and Maori Business and Management) (Level 6) [Ref: 2460].

Standard-setting body:

Ringa Hora Services Workforce Development Council NZQA National Qualifications Services

Data as at 04 December 2021