TVET ACCOUNTING PATHWAY

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TVET ACCOUNTING PATHWAY

• ACCOUNTING CONFERENCE 2006

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STAGE 6 SYLLABUS ACCOUNTING

• Board of Studies (BOS) developed and TAFE
  Delivered course in Accounting for HSC students.

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COMPONENTS

• Accounting Procedures
• Business Computing
• Computer Accounting Systems

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RELATIONSHIP OF TVET PATHWAY TO UNITS OF
COMPETENCY

• ACCOUNTING PROCEDURES
• Prepare Financial Reports BSBADM408A
• Maintain Financial records BSBCMN308A
• Prepare and Bank Receipts FNSICACC304A
• Process Journal Entries FNSICACC306A
• Maintain daily financial / business records
  FNSICGEN305A

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RELATIONSHIP OF TVET PATHWAY TO UNITS OF
COMPETENCY

• BUSINESS COMPUTING
• Create and use simple spreadsheets BSBCMN214A
• Use technology in the workplace FNSICGEN302A

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RELATIONSHIP OF TVET PATHWAY TO UNITS OF
COMPETENCY

• COMPUTER ACCOUNTING SYSTEMS
• Process payroll BSBADM308A
• Set up and operate a computerised accounting
  system FNSACCT407A

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DOCUMENTATION

• BOS approved Statement of Attainment Stage 6
  Syllabus Accounting
• TAFE course 9686
• TAFE module 9686A
• assessment accounting pathway stage 1
• TAFE module 9686B
• Assessment coordination

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CHANGES TO ACCOUNTING PROCEDURES

• Alignment of Accounting Procedures with the Unit
  Based Enrolment of Accounting 1 and 2

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ACCOUNTING PROCEDURES

• WHATS OUT
• Bills Receivable / Payable
• Too complex for level 3 units
• Payroll
• Retained in Computer Accounting systems
• Ratios
• BSBADM408A Prepare Financial Reports, has no
  reference to ratios
• DONCA replaced
• Accounting Standard AASB 136 Impairment of
  Assets.
• Main components involve
• Carrying Amount
• Recoverable Amount
• Impairment loss (where carrying amount exceeds
  recoverable amount)

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ACCOUNTING PROCEDURES

• WHATS IN
• Dishonoured cheques (simple examples without
  discount)
• Perpetual inventory
• Transfer of Variance to physical inventory
  excludes GST (too complex at this level)
• Value to include associated costs on acquisition
• Value to be reduced by Discount Received
• Value of cost of sales to be known at the time of
  sale
• Petty Cash and Bank Reconciliation
• Sales value to be reduced by Discount Allowed.
• Purchases value to be reduced by Discount Received

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ACCOUNTING PROCEDURES

• WHATS IN (Cont.)
• Journals
• Suggested at staff development that
• i) general journals appear in final assessment
• ii) cash and credit journals or a combination of
  GJs and cash and credit journals be assessed in
  the tests that contribute to the class mark.
• iii) journals and debit / credit grid to be
  assessed in final assessment
• Bad debt
• recovery and effect to exclude GST implications.
• write - off against Allowance for Doubtful Debts

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OTHER MODULES

• BUSINESS COMPUTING
• No Changes
• COMPUTER ACCOUNTING SYSTEMS
• No Changes