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Accounting Issues

Accounting Issues. HN Business Network Event 23 February 2011. Comments 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

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Accounting Issues

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  1. Accounting Issues HN Business Network Event 23 February 2011

  2. Comments 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)

  3. Business 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

  4. Business 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

  5. 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

  6. 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.

  7. Recording Financial Transactions • Requires some amendments to the exemplar • These will be made and communicated to centres in the next few weeks.

  8. 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.

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