HN Accounting Review

Background Based on 5 year cycle, HNC and HND Accounting due for review Consultation indicated that existing awards are still fit for purpose ‘Limited’ review appropriate - structure of awards will not change - content of mandatory units will remain broadly similar

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 Also consider Retain existing links with professional body qualifications and exemptions (ACCA, CIMA) Ensure in line current disability / discrimination legislation Map to National Occupational Standards

Specific feedback on HN Accounting Feedback from ‘Unit Comment Forms’ and previous Network Events Revision of unit content needed for: Cost Accounting Recording Financial Information Management Accounting for Planning and Control Ensure all unit content up to date with current legislation / accounting standards

Review to date Qualification Review Team set up comprising representatives from 6 colleges First meeting April 08 Consultation on initial proposals – May / June 08 Responses from 9 colleges

Review to date (cont) Final draft Unit Specifications for all HNC Units, concentrating on Cost Acc and RFI Final draft Unit Specification for MAPC Revised Statements of Standards to replace 70% cut off threshold Ensuring full credit transfer from current mandatory units

Next steps Unit Specifications for: HND 2nd year mandatory units – March 2009 Graded Units 1, 2 and 3 – May 2009 Confirm exemptions from professional bodies Validation of revised Group Awards Exemplars, as required, for all mandatory units including GU’s Launch April 2010 for implementation 2010/2011