NZQA
Title
Expiring unit standard 11610 version 7
Page 1 of 3
Perform the accounting functions for accounts receivable
Level
Purpose
4 Credits 4
People credited with this unit standard are able to: analyse, classify, and record accounts receivable transactions in an accounting system; and reconcile records of, and report accounts receivable transactions.
Classification
Available grade
Accounting > Accounting - Middle Level
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.
Outcome 1
Analyse, classify, and record accounts receivable transactions in an accounting system.
Range credit sales, credit sales returns, receipts, discounts, write-offs.
Evidence requirements
1.1
Accounts receivable transactions are differentiated from other transactions.
1.2 Accounts receivable transactions are analysed and classified in accordance with a chart of accounts.
1.3 Analysis and classification are justified in terms of the expanded accounting equation.
1.4 Recorded accounts receivable transaction details match source information.
Outcome 2
Reconcile records of, and report accounts receivable transactions.
NZQA National Qualifications Services
SSB Code 130301

New Zealand Qualifications Authority 2020

NZQA Expiring unit standard 11610 version 7
Page 2 of 3
Evidence requirements
Accounts receivable control totals match general ledger control totals.
2.1
2.2
Discrepancies highlighted in the reconciliation process are resolved.
Range two different discrepancies requiring adjustment.
2.3 Accounts receivable reports are produced.
Range debtor invoice, period end debtor statement, aged debtors report.
Replacement information This unit standard and unit standard 11611 have been replaced by unit standard 29012.
This unit standard is expiring. Assessment against the standard must take place by the last date for assessment set out below.
Status information and last date for assessment for superseded versions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
Revision
Revision
2
3
4
16 January 2001
13 November 2002
12 January 2006
31 December 2018
31 December 2018
31 December 2018
Review
Rollover
5
6
21 August 2009
24 October 2014
31 December 2018
31 December 2018
Review 7 19 May 2016 31 December 2018
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
NZQA National Qualifications Services
SSB Code 130301

New Zealand Qualifications Authority 2020

NZQA Expiring unit standard 11610 version 7
Page 3 of 3
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.
NZQA National Qualifications Services
SSB Code 130301

New Zealand Qualifications Authority 2020