HN Accounting Workshop Session 2 Implementation of revised courses
Workshops 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 tolerances Discuss and list possible examples of: - errors of principle - arithmetic/computational errors
International 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 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-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 www.sqasolar.org.uk
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