NZQA Expiring unit standard
11611 version 7
Page 1 of 3
Title
Perform the accounting functions for accounts payable
Level
4
Credits
4
Purpose
People credited with this unit standard are able to: analyse,
classify, and record accounts payable transactions in an
accounting system; and reconcile records of, and report
accounts payable transactions.
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
Analyse, classify, and record accounts payable transactions in an accounting system.
Range
credit purchases, credit purchase returns, payments, discounts, write-offs.
Evidence requirements
1.1
Accounts payable transactions are differentiated from other transactions.
1.2
Accounts payable 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 payable transaction details match source information.
Outcome 2
Reconcile records of, and report accounts payable transactions.
NZQA National Qualifications Services
SSB Code 130301
 New Zealand Qualifications Authority 2016
NZQA Expiring unit standard
11611 version 7
Page 2 of 3
Evidence requirements
2.1
Accounts payable control totals match general ledger control totals.
2.2
Discrepancies highlighted in the reconciliation process are resolved.
Range
2.3
two different discrepancies requiring adjustment.
Accounts payable reports are produced.
Range
aged payables report, remittance advice.
Replacement information
This unit standard and unit standard 11610 have been
replaced by unit standard 29012.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Status information and last date for assessment for superseded versions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
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
31 December 2018
Rollover
6
24 October 2014
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.
NZQA National Qualifications Services
SSB Code 130301
 New Zealand Qualifications Authority 2016
NZQA Expiring unit standard
11611 version 7
Page 3 of 3
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.
NZQA National Qualifications Services
SSB Code 130301
 New Zealand Qualifications Authority 2016