NZQA registered unit standard
11609 version 7
Page 1 of 2
Title
Complete a bank reconciliation for a business entity
Level
4
Credits
2
Purpose
People credited with this unit standard are able to complete a
bank reconciliation for a business entity.
Classification
Accounting > Accounting - Middle Level
Available grade
Achieved
Explanatory notes
1
People must be assessed against this unit standard in their workplace using naturally
occurring evidence, or in a realistic simulation of such a context. Competence must
be demonstrated within timeframes expected in a commercial environment.
2
The expanded accounting equation used for this unit standard must accord with
generally accepted accounting practice.
Outcomes and evidence requirements
Outcome 1
Complete a bank reconciliation for a business entity.
Evidence requirements
1.1
Cash and non-cash transactions are analysed and classified in accordance with
a chart of accounts.
1.2
Analysis and classification are justified in terms of the expanded accounting
equation.
1.3
Recorded transaction details match source information.
1.4
Differences between accounting records and bank statement are identified and
accounting records are adjusted.
Range
1.5
differences – bank fees, un-presented cheques, outstanding
lodgements, automatic payments, direct credits, discrepancies in
presented cheques;
evidence is required for four differences.
Control totals are adjusted and matched to banking records.
NZQA National Qualifications Services
SSB Code 130301
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
Planned review date
11609 version 7
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31 December 2020
Status information and last date for assessment for superseded versions
Process
Version Date
Last Date for Assessment
Registration
1
24 October 1997
31 December 2018
Revision
2
16 January 2001
31 December 2018
Revision
3
13 November 2002
31 December 2018
Revision
4
12 January 2006
31 December 2018
Review
5
21 August 2009
N/A
Rollover
6
24 October 2014
N/A
Review
7
21 January 2016
N/A
Republished
7
11 March 2016
N/A
Consent and Moderation Requirements (CMR) reference
0113
This CMR can be accessed at http://www.nzqa.govt.nz/framework/search/index.do.
Please note
Providers must be granted consent to assess against standards (accredited) by NZQA,
before they can report credits from assessment against unit standards or deliver courses
of study leading to that assessment.
Industry Training Organisations must be granted consent to assess against standards by
NZQA before they can register credits from assessment against unit standards.
Providers and Industry Training Organisations, which have been granted consent and
which are assessing against unit standards must engage with the moderation system that
applies to those standards.
Requirements for consent to assess and an outline of the moderation system that applies
to this standard are outlined in the Consent and Moderation Requirements (CMR). The
CMR also includes useful information about special requirements for organisations wishing
to develop education and training programmes, such as minimum qualifications for tutors
and assessors, and special resource requirements.
Comments on this unit standard
Please contact NZQA National Qualifications Services nqs@nzqa.govt.nz if you wish to
suggest changes to the content of this unit standard.
NZQA National Qualifications Services
SSB Code 130301
 New Zealand Qualifications Authority 2016