1. ACCOUNTING GRADED UNIT 1 DE64 34

2. GRADED UNIT SPECIFICATION  Why the need for change?

3.  Structure of the Instrument of Assessment made it too easy for Candidates to obtain ‘A’ Grades NEED FOR CHANGE

4. STRUCTURE OF INSTRUMENT OF ASSESSMENT  Computational – 70%  Narrative – 30%

5. SQA RESPONSE Commissioned re-write of Unit Specification

6. DRAFT NEW UNIT SPECIFICATION  Draft Unit Specification presented to Network  Network Response

7.  Network Response – Draft Unit Specification not well received. It was felt that the New Unit Specification was too difficult and would result in very few ‘A’ Grades. NETWORK RESPONSE

8.  After consultation it was decided that the existing Unit Specification, with some alterations, would be acceptable COMPROMISE

9.  Structure of the Instrument of Assessment changed ALTERATION TO UNIT SPECIFICATION

10.  Inclusion of Using Financial Accounting Software as Recommended Prior Knowledge and Skills  Computational – 60%  Narrative – 40% STRUCTURE OF INSTRUMENT OF ASSESSMENT

11. COMPUTATIONAL  3 Sections:-  Purchase of Materials and Wages Analysis – 10%  Ledger Accounts and Trial Balance – 25%  Preparation of Final Accounts – 25%

12. NARRATIVE  Now split in to two Sections:-  Section A – Financial Accounting  Section B – Management Accounting

13. SECTION A – FINANCIAL ACCOUNTING  Candidates will be given the choice of 3 Questions and must answer 2

14. FINANCIAL ACCOUNTING  Choice of 3 Questions from the following:  Users of Financial Information and Interpretation of Final Accounts  Preparation of Final Accounts and Year End Adjustments  Financial Accounting Software Packages  Accounting Control Mechanism  Distinction between Financial and Cost Accounting

15. SECTION B – MANAGEMENT ACCOUNTING  Candidates will be given the choice of 3 Questions and must answer 2

16. MANAGEMENT ACCOUNTING  Choice of 3 Questions from the following:  The Theory and Practice of Budgeting  Cost Behaviour  Costing Systems  The use of IT to assist in the provision of Management Information  Distinction between Cost and Financial Cost Accounting

17. Questions?