- Home
- Qualifications and standards
- NCEA
-
Māori and Pasifika
- Field Māori Assessment Support Materials
- Field Māori programme development support
- Mātauranga Māori qualifications and assessment standards
- Te Hono o Te Kahurangi quality assurance
- Māori providers
- Te Kōkiritanga 2020-2023
- Māori and the Future State
- Pasifika
- Ngā Kete Mātauranga
- Equity in STEM Symposium
-
Providers and partners
- About education organisations
- NZQA's quality assurance system for tertiary education organisations
- Guidelines and forms
- Consistency of graduate outcomes
- Approval, accreditation and registration
- Monitoring and Assessment
- Self-assessment
- External evaluation and review
- Assessment and moderation of standards
- Submitting results and awarding qualifications and micro-credentials
- The Education (Pastoral Care of Domestic Tertiary Students) Interim Code of Practice 2019
- The Education (Pastoral Care of International Students) Code of Practice
- Offshore use of qualifications and programmes
- Reform of Vocational Education
- International Education planning
- International
- About us
Assessment Specifications
Level 3 Accounting 2021
General information
Domain |
Accounting – Generic |
Method of assessment |
Written examination |
Standards |
Equipment
Calculators will be required.
Specific information for individual achievement standards
Standard |
91404 |
Title |
Demonstrate understanding of accounting concepts for a New Zealand reporting entity |
Version |
2 |
Number of credits |
4 |
There may be questions that require short answers and / or questions that require extended answers. The questions will relate to a variety of resource information.
Candidates should refer to the Level 3 Appendix for the appropriate terminology and the New Zealand Equivalent to the IASB Framework for the Preparation and Presentation of Financial Statements (New Zealand Framework 2018).
Standard |
91406 |
Title |
Demonstrate understanding of company financial statement preparation |
Version |
2 |
Number of credits |
5 |
There will be questions involving the preparation of company financial statements (including financial statement extracts), and General Journal and / or General Ledger entries as specified in Explanatory Note 5.
Candidates are required to explain and justify the accounting entries or the entries in the financial statements.
Candidates may be required to calculate and adjust for GST where appropriate.
The account names recorded in General Journal entries should be those provided in a trial balance where relevant. The preparation of General Journal entries may be from narrations provided in the General Journal.
Headings may not be provided in the templates for the preparation of company financial statements.
Candidates should refer to the Level 3 Appendix on TKI for the appropriate terminology and statement names and formats.
A resource booklet will be provided.
Standard |
91408 |
Title |
Demonstrate understanding of management accounting to inform decision-making |
Version |
2 |
Number of credits |
4 |
All questions will relate to management decision-making for the same entity.
There will be opportunities for candidates to apply management decision-making throughout the paper.
Candidates should refer to Explanatory Note 4 and the Level 3 Appendix on TKI for the explanation of management accounting elements. Providing a definition only of these management accounting elements does not meet the requirements for Achievement.
Where indicated, candidates should show their working. Credit will be given where working is correct.
Candidates may be required to complete a full, or extracts of, a cash budget.
Candidates may be required to round any CVP calculations to the nearest whole number.