Assessment Specifications

Level 2 Accounting 2021

General information

Domain

Accounting – Generic

Method of assessment

Written examination

Standards

91174  91176  91177

Equipment

Calculators are permitted.

Specific information for individual achievement standards

Standard

91174

Title

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

Version

2

Number of credits

4

There may be questions that require short answers and / or questions that require extended answers.

Candidates may be asked to demonstrate understanding of a concept from a given financial statement extract and / or General Journal entry and / or source document.

Candidates should refer to the Level 2 Appendix for the appropriate terminology.

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


Standard

91176

Title

Prepare financial information for an entity that operates accounting subsystems

Version

2

Number of credits

5

There will be a combination of questions involving the preparation of financial statements (including financial statement extracts), and General Journal and / or General Ledger entries as specified in Explanatory Notes 5 and 6.

Classification headings in the financial statements answer spaces may or may not be provided.

Candidates may be required to calculate and adjust for GST where appropriate.

The account names recorded in General Journal entries should be those provided in a trial balance where relevant. The preparation of General Journal entries may be from narrations provided in the General Journal.

Candidates should refer to the Level 2 Appendix on TKI for the appropriate terminology and statement names and formats.

A resource booklet will be provided.


Standard

91177

Title

Interpret accounting information for entities that operate accounting subsystems

Version

2

Number of credits

4

There may be questions that require short answers and / or questions that require extended answers.

Candidates are expected to integrate the stimulus material related to the business or businesses into their explanations and justifications.

A resource booklet including all necessary formulae will be provided.


Accounting subject page

Examination timetable

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