HN Accounting

Workshop Session 2

Implementation of revised courses

HN Accounting

Workshop Session 2

Implementation of revised courses

WorkshopsWorkshops

Revised Units – review of Outcomes, assessment conditions, error tolerances, time guidelines

Error tolerances – marking implications International Accounting Standards –

implementation and training Formative e-assessments

Workshop – Error tolerancesWorkshop – Error tolerances

Discuss and list possible examples of:

- errors of principle

- arithmetic/computational errors

International Accounting StandardsInternational Accounting Standards

Financial Reporting and Analysis

- Unit specification allows the continued use of UK GAAP or IAS

- EV advice concurs and centres must clearly identify which standards have been adopted

- Outcome 1 includes requirement for main differences in presentation between UK GAAP and IAS1 to be identified

International Accounting StandardsInternational Accounting Standards

Exemplars – will continue to be UK GAAP so may need to be adapted for IAS

Graded Unit 3 – consistent with approach in component Units

Other Units – financial statements are for internal use only however guidance suggests that candidates be made aware of the main differences

Training course available – Thursday 17 June at Scotland’s Colleges, Stirling

Formative e-assessmentsFormative e-assessments

Formative e-assessments being written for all Outcomes of the following Units:

- Recording Financial Information

- Preparing Final Accounts

- Cost Accounting

- Management Accounting Using IT

- Payroll

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