Accounting IssuesAccounting IssuesHN Business Network Event

23 February 2011

Comments ReceivedComments Received

Issues raised relating to the unit specifications & assessment exemplars for the revised versions

Worthwhile covering this topic at this event Comments re the following Units:

– Business Accounting F84M 34

(unit & exemplar)– Recording Financial Transactions F847 33

(exemplar only)

Business Accounting - Issues RaisedBusiness Accounting - Issues Raised

Dividends Main comments arise from treatment of

dividends in both the unit specification & exemplar

Considerable time was spent revising the Unit Opportunity was available for comments

throughout the process of the HN Review Few comments were received

Business AccountingBusiness Accounting Financial statements for INTERNAL use There have been major changes in the

accounting profession since the unit was revised Exemplar prepared to meet unit specification

which included dividends Exemplar is an EXAMPLE of how learners may

be assessed If changes are required then make them and

record why and how Ensure subject to IV

What to do ......What to do ......

There have been some amendments to the unit specification

Resulting in some amendments to the assessment exemplar

Please think of writing your own assessment instruments

Perhaps share with colleagues from other centres

A plea from me......A plea from me...... Any comments on Units or Assessment

exemplars should be made through SQA An HN Unit comment form can be found on the

SQA website for Unit specifications and a comment form for exemplars

Please avoid emailing or phoning me on my personal contact address/number

SQA need to monitor comments to identify if there are issues with specific units/exemplars

Trust your own judgement.

Recording Financial TransactionsRecording Financial Transactions

Requires some amendments to the exemplar These will be made and communicated to

centres in the next few weeks.

And finally ....And finally ....

We welcome your comments Please remember before you criticise an

exemplar – the person sitting next to you may have written it!

If you’ve already written instruments of assessment consider sharing them.