2. HN Accounting Review Update

3. Current position  HNC/HND Accounting awards validated and launched - April 2010  PDAs aligned with the new Units - September 2010  Revised awards being implemented by a number of centres for Session 2010/2011

4. Main changes to unit content - HNC  Recording Financial Information –Now 4 Outcomes (but can still be assessed together, if required) –Removal of journal in Outcome 1 and control accounts  Cost Accounting –Now 5 Outcomes –Coding integrated into Outcome 4 –Removal of process costing –Job costing added

5. Main changes to unit content - HND  Management Accounting for Planning and Control –Removal of flexed budget –(Allow use of formulae for variances)  Financial Reporting and Analysis –Removal of accounting models and word processing of report on ratios –Main differences in presentation between UK GAAP and IAS1 added

6. Assessment Exemplars  Available for all HNC Mandatory Units (including 2 exemplars for Accounting: Graded Unit 1)  Currently in progress for: –HND 2 nd Year Mandatory Units –Subject Related Optional Units  Exemplars for Broadening Optional Units may be available within other frameworks, ie HN Business or Admin & IT

7. Changes to Statements of Standards and Evidence Requirements  ‘70% cut off’ considered inappropriate for competence based qualification and has been removed  ‘Error tolerance’ has been allowed for most Outcomes, as appropriate, to ensure assessments are practicable  Candidates not meeting evidence requirements will require to remediate or be re-assessed

8. Assessment conditions  For some Outcomes, assessment conditions changed from closed book to open book or open book with access to a layout/formulae only  Mostly remain under supervised conditions  Recommended assessment time remains as a guideline only

9. Core skills  Many Units give automatic certification of certain Core Skills/Core Skill components  Careful selection of Broadening Optional Units can ensure that all 5 Core Skills are automatically certificated at SCQF level 5 or 6  Opportunities for developing Core Skill components are set out in the Support Notes of the Unit specifications

10. Credit Transfer  Full credit transfer is given between the predecessor Unit and the revised Unit for all Mandatory and Subject Related Optional Units