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
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 |