NZQA Expiring unit standard
7380 version 6
Page 1 of 3
Title
Recognise and examine management control concepts
Level
3
Credits
3
Purpose
People credited with this unit standard are able to explain costvolume-profit analysis as a management tool; and explain the
concepts of budgeting, and prepare a cash budget for a
business.
Classification
Accounting > Accounting - Generic
Available grade
Achieved
Explanatory notes
Learning Programme
This unit standard identifies some of the learning outcomes of Accounting Curriculum for
New Zealand Schools, New Zealand Commerce and Economics Teachers Association
(NZCETA), 1998. This source can be used to develop teaching programmes needed to
cover some of the outcomes described in this unit standard.
Outcomes and evidence requirements
Outcome 1
Explain cost-volume-profit analysis as a management tool.
Evidence requirements
1.1
The explanation describes the behaviour of costs over a range of outputs.
Range
costs must include three of – fixed, variable, semi-variable, semifixed.
1.2
The explanation describes contribution margin and break-even point for a given
situation.
1.3
The break-even point, including units and sales dollars, is identified for a given
situation.
NZQA National Qualifications Services
SSB Code 130301
 New Zealand Qualifications Authority 2016
NZQA Expiring unit standard
7380 version 6
Page 2 of 3
Outcome 2
Explain the concepts of budgeting, and prepare a cash budget for a business.
Evidence requirements
2.1
The explanation identifies two purposes of budgeting as a management tool.
2.2
The explanation describes the purpose of budgeting in terms of management
accountability.
2.3
The explanation describes a reason for a budget variance.
2.4
A cash budget is prepared from given data.
2.5
The explanation describes a possible use of information provided in a cash
budget.
2.6
The explanation describes the importance of control of cash flows in terms of
operating liquidity.
Replacement information
This unit standard and AS90505 have been replaced by
AS91408.
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Status information and last date for assessment for superseded versions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
22 May 1996
31 December 2018
Revision
2
7 July 1999
31 December 2018
Review
3
20 September 2002
31 December 2018
Rollover and
Revision
4
23 February 2007
31 December 2018
Review
5
4 December 2012
31 December 2018
Rollover
6
15 August 2013
31 December 2018
Consent and Moderation Requirements (CMR) reference
0226
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.
NZQA National Qualifications Services
SSB Code 130301
 New Zealand Qualifications Authority 2016
NZQA Expiring unit standard
7380 version 6
Page 3 of 3
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.
NZQA National Qualifications Services
SSB Code 130301
 New Zealand Qualifications Authority 2016