FIELD                        BUSINESS

 

Review of Accounting Level 2 achievement standards

 

Subfield            Accounting

Domain	Id	Subject reference
Accounting - Generic	90220-90226	Accounting 2.1-2.7

 

The Ministry of Education and the Secondary Education Group Assessment business unit of NZQA have completed a review of the achievement standards listed above that were registered in October 2002.

 

New Registration date                        October 2004

 

Date new versions published                        October 2004

 

Planned review date                        March 2007

 

Summary of review and consultation process

 

This review is part of the planned cycle of review that takes place after the first year of use of the achievement standards.

·        Initial feedback and comments were collated from teachers/schools, moderators, the National Assessment Panel, professional development facilitators, material developers and other stakeholders.

·        This information was reviewed by a subject expert and recommendations were made in March 2004.

·        The recommendations were sent out for full consultation to subject networks, including teachers, assessors, moderators, facilitators and advisors in April 2004.

 

Main changes resulting from the review

 

The review process has resulted in the following modifications to the achievement standards:

·        AS90220 - the title and achievement criterion have been amended to better reflect the intent of the standard.  The explanatory notes have been amended in line with these changes.  For excellence evidence of applying and/or justifying concepts comprehensively is required.

·        AS90221 - this standard has been designated as expiring.  It was considered that the outcomes were better assessed as part of AS90223 and AS90224.

·        AS90222 - the first and third achievement criteria have been subsumed into the second criterion.  The standard now reflects the holistic nature of the investigation and allows some flexibility in recognising the performance of students.  The explanatory notes have been amended in line with these changes.

·        AS90223 - this standard has been amended so that the focus is now on the processes, procedures and controls in accounting subsystems.  The change in title and the increase in credits from 4 to 5 reflect this new focus.  The achievement criteria have been condensed into a single criterion that better describes the outcome to be assessed.  The explanatory notes have been amended accordingly.

·        AS90224 - journal and general ledger entries have been added to this standard (from the deleted AS90221) and the credits have increased from 4 to 5 to reflect this.  The title has been amended accordingly.  The first achievement criterion has been removed (assessed in AS90220) and a second criterion added (from the deleted AS90221).  The explanatory notes have been amended in line with the above.

·        AS90225 - the title has been amended to better reflect the intent in this standard.  The third and fourth criteria have been incorporated into the other criteria and a more coherent standard has resulted.  The explanatory notes have been amended accordingly.

·        AS90226 - the title has had minor amendment to emphasise the use of computer software.  The achievement criteria have been reworded to better describe the "step-up" between grade levels.  The explanatory notes have been amended in line with the above.

 

Externally assessed achievement standard 90221, which is a Category D review, expired in December 2004.

 

Impact on existing provider accreditations

 

None.

 

Impact on Accreditation and Moderation Action Plan (AMAP)

 

AMAP 0226 has been updated to reflect the deletion of AS90221.

 

Impact on existing qualifications

 

None.

 

Impact of changes on NCEA Exclusions List

 

None.

 

Summary of main changes to achievement standards' Ids, classification, titles, levels, and credits

 

The following summary shows the changes made to the achievement standards as a result of the review.  All changes are in bold.

 

Key to review category
A	Dates changed, but no other changes are made - the replacement achievement standard carries the same Id and a new version number
B	Changes made, but the overall outcome remains the same - the replacement achievement standard carries the same Id and a new version number
C	Major changes that necessitate the registration of a replacement achievement standard with a new Id
D	Achievement standard will expire and not be replaced

 

Subfield            Accounting

Domain            Accounting - Generic

Id	Title	Level	Credit	Review Category
90220	Explore the conceptual basis of accounting for a sole proprietor Describe the conceptual basis of accounting for a sole proprietor	2	3	B
90221	Process financial information for fixed assets and balance-day adjustments	2	2	D
90222	Investigate and report on accounting subsystems	2	4	B
90223	Demonstrate an understanding of accounting subsystems Demonstrate an understanding of accounting processes for accounting subsystems	2	4   5	B
90224	Report financial information for a sole proprietor registered for GST on the invoice basis Prepare financial statements and related accounting entries for sole proprietors	2	4   5	B
90225	Analyse, interpret and evaluate financial information for a sole proprietor business Analyse and interpret information and make recommendation(s) for a sole proprietor	2	4	B
90226	Process financial transactions, using computer software, for a sole proprietor Use computer software to process financial transactions for a sole proprietor	2	3	B