2. Understanding Standards: Nominee Training Event
Accounting
National 5 and Higher
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3. Key messages from
Marking of theory questions continues to be an area of concern. Some centres still not expecting enough from candidates.
Internal Verification requires to be more rigorous – many occasions where errors made by original marker are not being picked up by verifier.
Decision for each Assessment Standard should be clearly marked on candidate evidence.
Expectation that centres submit complete tasks, not computational element only.
Where centres submit computational evidence there is a

4. Aims of the day
To support Nominees in their understanding of national standards and the verification process by:
reviewing candidate evidence
discussing this evidence and associated assessment standards with colleagues
compiling a Verification Feedback form
To update Nominees with regards to changes to National 5:
assessment requirements
treatment of cash discount in invoices

5. Workshop 1 – Accounting (Higher)
Preparing Financial Accounting Information
Review evidence for this unit for Candidates 1-4
Use NQ Unit/Added Value Unit Verification Worksheet to record comments
Determine outcome of each assessment standard and the unit as a whole for each candidate

6. Workshop 2 – Providing feedback to centres
Using evidence from Workshop 1, compile Verification Feedback form which would be issued to this centre
Discuss feedback

7. Workshop 3 – National 5 updates and changes
Introduction of thresholds
Preparing Financial Accounting Information – 6 out of 8 assessment standards must be met to achieve this unit.
Preparing Management Accounting Information – 5 out of 6 assessment standards must be met to achieve this unit.
Analysing Accounting Information – 4 out of 5 assessment standards must be met to achieve this unit.

8. Workshop 3 – National 5 updates and changes
Calculation of Cash Discount
As a result in changes to VAT regulations, business must now issue Invoices based on the assumption Cash Discount will not be taken up.
For purposes of National 5 Accounting scenarios, businesses will send out two invoices, one showing calculations if no Cash Discount claimed and one showing calculations where Cash Discount is claimed.
Candidates will be required to compile the invoice showing calculations where Cash Discount is claimed.
Cash Discount will now appear in the body of the Invoice.

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