2. Accounting Issues HN Business Network Event 23 February 2011

3. Comments Received  Issues raised relating to the unit specifications & assessment exemplars for the revised versions  Worthwhile covering this topic at this event  Comments re the following Units: –Business Accounting F84M 34 (unit & exemplar) –Recording Financial Transactions F847 33 (exemplar only)

4. Business Accounting - Issues Raised  Dividends  Main comments arise from treatment of dividends in both the unit specification & exemplar  Considerable time was spent revising the Unit  Opportunity was available for comments throughout the process of the HN Review  Few comments were received

5. Business Accounting  Financial statements for INTERNAL use  There have been major changes in the accounting profession since the unit was revised  Exemplar prepared to meet unit specification which included dividends  Exemplar is an EXAMPLE of how learners may be assessed  If changes are required then make them and record why and how  Ensure subject to IV

6. What to do......  There have been some amendments to the unit specification  Resulting in some amendments to the assessment exemplar  Please think of writing your own assessment instruments  Perhaps share with colleagues from other centres

7. A plea from me......  Any comments on Units or Assessment exemplars should be made through SQA  An HN Unit comment form can be found on the SQA website for Unit specifications and a comment form for exemplars  Please avoid emailing or phoning me on my personal contact address/number  SQA need to monitor comments to identify if there are issues with specific units/exemplars  Trust your own judgement.

8. Recording Financial Transactions  Requires some amendments to the exemplar  These will be made and communicated to centres in the next few weeks.

9. And finally....  We welcome your comments  Please remember before you criticise an exemplar – the person sitting next to you may have written it!  If you’ve already written instruments of assessment consider sharing them.