Field           Business

 

Review of Accounting - Middle Level unit standards

 

Subfield

Domain

ID

Accounting

Accounting - Middle Level

11609, 11618, 29010-29023

 

NZQA National Qualifications Services has completed the review of the unit standards listed above.

 

Date new versions published                                                               October 2020

 

Summary

 

The review discovered very low levels of usage of the unit standards and no discernible intention of future usage, following direct contact with all stakeholders, and consultation on the NZQA website.

 

Main change

 

All 16 unit standards were designated expiring without replacement.

 

These Category D unit standards will expire at the end of December 2023

 

Detailed list of unit standards – classification, title, level, and credits

 

Key to review category

A

Dates changed, but no other changes are made - the new version of the standard carries the same ID and a new version number

B

Changes made, but the overall outcome remains the same - the new version of the standard carries the same ID and a new version number

C

Major changes that necessitate the registration of a replacement standard with a new ID

D

Standard will expire and not be replaced

 

Business > Accounting > Accounting - Middle Level

ID

Title

Level

Credits

Review category

11609

Complete a bank reconciliation for a business entity

4

2

D

11618

Perform the accounting functions for inventory

4

2

D

29010

Apply the elements of accounting to support a business entity

4

15

D

29011

Prepare tax returns for a business entity

4

10

D

29012

Manage accounts payable and receivable for a business entity

4

13

D

29013

Prepare payroll for a business entity

4

12

D

29014

Apply accounting principles and practices for a business entity

5

22

D

29015

Analyse and communicate financial information, and evaluate and minimise financial risk for a business entity

5

23

D

29016

Apply tax rules for individuals and small businesses

5

5

D

29017

Prepare budgets and monitor business performance against budgets for a business entity

5

10

D

29018

Prepare financial reports for companies and comply with ethical requirements

6

12

D

29019

Analyse and communicate financial and non-financial information for strategic decision-making for a business entity

6

8

D

29020

Evaluate and use management accounting information for a business entity

6

10

D

29021

Integrate business finance techniques for a business entity

6

10

D

29022

Evaluate and use accounting information systems for a business entity

6

10

D

29023

Apply tax rules to New Zealand business entities

6

10

D