Accounting 1.2 Frequently Asked Questions

1. Is it possible to do Task 1 in one period, then the next day do Task 2 and 3 and the next day do Task 4 and 5 as we do not have a 2 hour block? Yes they can spend as long as they want on a task. The quick ones can submit early and go to next tasks. The slow ones can save their work and come back the next day to continue.

Recent NZQA changes to reflect best practice

1. Can students do the bank reconciliation task separately later with an independent set of numbers? No, this is the new requirement by NZQA in the new standard. Bank reconciliation needs to relate to journal entries and is not an optional task. This is a major change to the old standard and students receive an additional 1 more credit for learning this.

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