ACCOUNTING GRADED UNIT 1 DE64 34
GRADED UNIT SPECIFICATION Why the need for change?
Structure of the Instrument of Assessment made it too easy for Candidates to obtain ‘A’ Grades NEED FOR CHANGE
STRUCTURE OF INSTRUMENT OF ASSESSMENT Computational – 70% Narrative – 30%
SQA RESPONSE Commissioned re-write of Unit Specification
DRAFT NEW UNIT SPECIFICATION Draft Unit Specification presented to Network Network Response
Network Response – Draft Unit Specification not well received. It was felt that the New Unit Specification was too difficult and would result in very few ‘A’ Grades. NETWORK RESPONSE
After consultation it was decided that the existing Unit Specification, with some alterations, would be acceptable COMPROMISE
Structure of the Instrument of Assessment changed ALTERATION TO UNIT SPECIFICATION
Inclusion of Using Financial Accounting Software as Recommended Prior Knowledge and Skills Computational – 60% Narrative – 40% STRUCTURE OF INSTRUMENT OF ASSESSMENT
COMPUTATIONAL 3 Sections:- Purchase of Materials and Wages Analysis – 10% Ledger Accounts and Trial Balance – 25% Preparation of Final Accounts – 25%
NARRATIVE Now split in to two Sections:- Section A – Financial Accounting Section B – Management Accounting
SECTION A – FINANCIAL ACCOUNTING Candidates will be given the choice of 3 Questions and must answer 2
FINANCIAL ACCOUNTING Choice of 3 Questions from the following: Users of Financial Information and Interpretation of Final Accounts Preparation of Final Accounts and Year End Adjustments Financial Accounting Software Packages Accounting Control Mechanism Distinction between Financial and Cost Accounting
SECTION B – MANAGEMENT ACCOUNTING Candidates will be given the choice of 3 Questions and must answer 2
MANAGEMENT ACCOUNTING Choice of 3 Questions from the following: The Theory and Practice of Budgeting Cost Behaviour Costing Systems The use of IT to assist in the provision of Management Information Distinction between Cost and Financial Cost Accounting
Questions?