1. TVET ACCOUNTING PATHWAY ACCOUNTING CONFERENCE 2006

2. STAGE 6 SYLLABUS ACCOUNTING Board of Studies (BOS) developed and TAFE Delivered course in Accounting for HSC students.

3. COMPONENTS Accounting Procedures Business Computing Computer Accounting Systems

4. RELATIONSHIP OF TVET PATHWAY TO UNITS OF COMPETENCY ACCOUNTING PROCEDURES Prepare Financial Reports BSBADM408A Maintain Financial records BSBCMN308A Prepare and Bank Receipts FNSICACC304A Process Journal Entries FNSICACC306A Maintain daily financial / business records FNSICGEN305A

5. RELATIONSHIP OF TVET PATHWAY TO UNITS OF COMPETENCY BUSINESS COMPUTING Create and use simple spreadsheets BSBCMN214A Use technology in the workplace FNSICGEN302A

6. RELATIONSHIP OF TVET PATHWAY TO UNITS OF COMPETENCY COMPUTER ACCOUNTING SYSTEMS Process payroll BSBADM308A Set up and operate a computerised accounting system FNSACCT407A

7. DOCUMENTATION BOS approved Statement of Attainment Stage 6 Syllabus Accounting TAFE course 9686 TAFE module 9686A assessment – accounting pathway stage 1 TAFE module 9686B Assessment coordination

8. CHANGES TO ACCOUNTING PROCEDURES Alignment of Accounting Procedures with the Unit Based Enrolment of Accounting 1 and 2

9. ACCOUNTING PROCEDURES: WHATS OUT Bills Receivable / Payable –Too complex for level 3 units Payroll –Retained in Computer Accounting systems Ratios –BSBADM408A Prepare Financial Reports, has no reference to ratios DONCA replaced: – Accounting Standard AASB 136 Impairment of Assets. –Main components involve: Carrying Amount Recoverable Amount Impairment loss (where carrying amount exceeds recoverable amount)

10. ACCOUNTING PROCEDURES: WHATS IN Dishonoured cheques (simple examples without discount) Perpetual inventory –Transfer of Variance to physical inventory excludes GST (too complex at this level) –Value to include associated costs on acquisition –Value to be reduced by Discount Received –Value of cost of sales to be known at the time of sale Petty Cash and Bank Reconciliation Sales value to be reduced by Discount Allowed. Purchases value to be reduced by Discount Received

11. ACCOUNTING PROCEDURES WHAT’S IN (Cont.) Journals Suggested at staff development that: i) general journals appear in final assessment ii) cash and credit journals or a combination of GJ’s and cash and credit journals be assessed in the tests that contribute to the class mark. iii) journals and debit / credit grid to be assessed in final assessment Bad debt recovery and effect to exclude GST implications. write - off against Allowance for Doubtful Debts

12. OTHER MODULES BUSINESS COMPUTING No Changes COMPUTER ACCOUNTING SYSTEMS No Changes