2. HN Accounting Review

3. 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

4. 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

5. 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

6. 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

7. 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

8. 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

9. 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