2. HN Accounting Workshop Session 2 Implementation of revised courses

3. Workshops  Revised Units – review of Outcomes, assessment conditions, error tolerances, time guidelines  Error tolerances – marking implications  International Accounting Standards – implementation and training  Formative e-assessments

4. Workshop – Error tolerances  Discuss and list possible examples of: - errors of principle - arithmetic/computational errors

5. International Accounting Standards  Financial Reporting and Analysis - Unit specification allows the continued use of UK GAAP or IAS - EV advice concurs and centres must clearly identify which standards have been adopted - Outcome 1 includes requirement for main differences in presentation between UK GAAP and IAS1 to be identified

6. International Accounting Standards  Exemplars – will continue to be UK GAAP so may need to be adapted for IAS  Graded Unit 3 – consistent with approach in component Units  Other Units – financial statements are for internal use only however guidance suggests that candidates be made aware of the main differences  Training course available – Thursday 17 June at Scotland’s Colleges, Stirling

7. Formative e-assessments  Formative e-assessments being written for all Outcomes of the following Units: - Recording Financial Information - Preparing Final Accounts - Cost Accounting - Management Accounting Using IT - Payroll www.sqasolar.org.uk