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HN Accounting Arrangements Workshop Session 1

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HN Accounting Arrangements Workshop Session 1. Background. Review team set up April 2008, comprising representatives from 6 colleges ‘Limited’ review structure of HNC and HND awards unchanged content of mandatory Units remains broadly similar. Scope of change. Overall requirements

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Presentation Transcript
  • Review team set up April 2008, comprising representatives from 6 colleges
  • ‘Limited’ review
    • structure of HNC and HND awards unchanged
    • content of mandatory Units remains broadly similar
scope of change
Scope of change
  • Overall requirements
    • Reduce volume of assessment
    • Remove/reduce prescriptive assessment conditions
    • Improve statement of standards – 70% cut off considered inappropriate for competence based qualification
    • Improve Core Skills signposting and guidance
scope of change cont
Scope of change (cont)
  • Also consider
    • Retain existing links with professional body qualifications and exemptions (ACCA, CIMA)
    • Ensure in line with current disability/discrimination legislation
    • Map to National Occupational Standards (NOS)
current status
Current status
  • All individual Unit specifications re-written, validated and available on SQA web site
  • Revised HNC and HND Group Awards, including Graded Units, validated January 2010
  • Revised awards available for session 2010/2011
award frameworks and credit transfer
Award Frameworks and Credit Transfer
  • Structure of HNC and HND Group Awards unchanged
  • Unit titles and credit values unchanged
  • Full credit transfer is given between the predecessor Unit and the revised Unit
  • Bulk credit transfer arrangements will be available
delivery and assessment
Delivery and assessment
  • Continued focus on practical application of accounting principles and techniques
  • Delivery schedules could remain unchanged
  • UK GAAP and IAS: Candidates should be made aware of the differences in presentation of financial statements
changes to evidence requirements
Changes to Evidence Requirements
  • 70% cut off scores considered inappropriate for competence based qualification and have been removed
  • ‘Error tolerance’ has been allowed for most Outcomes, as appropriate
  • Specified maximum numbers of ‘errors of principle’ and/or ‘arithmetic/computational errors’
assessment conditions
Assessment conditions
  • For some Outcomes, assessment conditions changed from closed book to open book or open book with access to a layout/formulae only
  • Most remain under supervised conditions
  • Recommended assessment time remains as a guideline only
assessment exemplars
Assessment Exemplars
  • One new exemplar for each mandatory Unit and for Payroll and Income Tax
  • Two new exemplars for each Graded Unit - 1, 2 and 3
  • Exemplars will be available on SQA secure web site
  • Centres may need to devise re-assessment instruments and prior verification is recommended
assessment exemplars cont
Assessment Exemplars (cont)
  • Current exemplars must remain secure as existing Group Awards may continue to be offered by centres
graded units
Graded Units
  • Graded Unit 1 – Examination at SCQF level 7
    • 60% computational; 40% narrative
  • Graded Unit 2 – Project at SCQF level 8
    • Case study
    • New exemplar to be less time consuming for candidates and markers
  • Graded Unit 3 – Examination at SCQF level 8
    • 80% computational; 20% narrative
core skills
Core Skills
  • Recommended exit profile is SCQF level 6 for all Core Skills
  • Revised Unit specifications state which Core Skill components are embedded or signposted
  • Mandatory Units provide many Core Skill components, especially Numeracy and Problem Solving
  • Broadening optional Units can be included in course programmes for other Core Skills
articulation to higher education
Articulation to Higher Education
  • HNC Accounting continues to provide entry to year 1 of most degree programmes
  • HND Accounting continues to provide entry to year 2 or year 3
  • Centres should liaise with local HEIs to confirm
exemptions from professional bodies
Exemptions from professional bodies
  • ACCA

- HNC: CAT papers T1 to T7; ACCA papers F1 to F3

- HND: CAT all papers; ACCA papers F1 to F5

  • CIMA

- HNC: papers CO1 to CO5

- HND: papers CO1 to CO5 plus P1 and F1

next steps
Next steps
  • Revised HN Group Awards available for delivery for session 2010/2011
  • Current Group awards will go into lapsing period:

- HNC will end on 31 July 2013

- HND will end on 31 July 2014