Assessment Specifications

Level 1 Accounting 2021

General information

Domain

Accounting – Generic

Method of assessment

Written examination

Standards

90976  90978  90980

Questions may have multiple parts; the parts of a question may be linked.

Equipment

Calculators are permitted.

Specific information for individual achievement standards

Standard

90976

Title

Demonstrate understanding of accounting concepts for small entities

Version

3

Number of credits

3

The accounting concepts to be assessed are listed in detail in the
Level 1 Appendix

The most recent version of the New Zealand Framework, 2018, will be used as a reference.


Standard

90978

Title

Prepare financial statements for sole proprietors

Version

3

Number of credits

5

Full financial statements will be assessed.

Headings in financial statements, including the cash budget, will not be provided.

Candidates should refer to the Level 1 Appendix for the appropriate terminology and statement formats.

A resource booklet will be provided.


Standard

90980

Title

Interpret accounting information for sole proprietors

Version

3

Number of credits

4

A resource booklet will be provided.


Accounting subject page

Examination timetable

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