Internal assessment resource: Accounting 2.6 for Achievement Standard 91179
NCEA ACCOUTING LEVEL 2
ASSESSMENT TASKS
Achievement Standard 91179: Demonstrate understanding of an
accounts receivable subsystem for an entity
Resource Title: Chris’ Office Supplies
Credits: 3
Version: 2012-06-18
Internal assessment resource: Accounting 2.6 for Achievement Standard 91179
Contents
Teacher Guidelines .............................................................................................................................................. 3
Context/ setting ............................................................................................................................................... 3
Conditions........................................................................................................................................................ 3
Resource requirements ................................................................................................................................... 3
Additional information .................................................................................................................................... 3
Student instruction page for the automated marking assessment..................................................................... 4
TASK 1 – Post opening balances to the accounts receivable ledger ................................................................... 5
TASK 2 – Process sales and accounts receivables transactions ........................................................................... 6
TASK 3 – Prepare report ...................................................................................................................................... 7
Assessment schedule: Accounting 91179 Chris’ Office Supplies ........................................................................ 8
Confidential – please do not distribute without the permission of SchoolSims Ltd.
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Internal assessment resource: Accounting 2.6 for Achievement Standard 91179
TEACHER GUIDELINES
The following guidelines are supplied to enable teachers to carry out valid and consistent assessment using
this internal assessment resource.
Teachers need to be very familiar with the outcome being assessed by Achievement Standard Accounting
91179. The achievement criteria and the explanatory notes contain information, definitions, and
requirements that are crucial when interpreting the standard and assessing students against it.
CONTEXT/ SETTING
This activity requires students to demonstrate their knowledge of accounts receivable subsystems.
There are THREE tasks:
1. Post opening balances to the accounts receivable ledger
2. Process sales and accounts receivables transactions
3. Prepare a report
Students need to be given sufficient time to complete all tasks.
CONDITIONS
Students should work independently to complete these tasks.
RESOURCE REQUIREMENTS
The use of an accounting software package is fundamental to this activity.
Teachers will need to ensure that the correct company file that comes with the sim is available for easy
downloading by each individual student.
Students should also have had sufficient time to familiarise themselves with the package beforehand via the
use of structured learning activities involving the accounts receivable subsystem.
ADDITIONAL INFORMATION
None
Confidential – please do not distribute without the permission of SchoolSims Ltd.
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Internal assessment resource: Accounting 2.6 for Achievement Standard 91179
STUDENT INSTRUCTION PAGE FOR THE AUTOMATED MARKING ASSESSMENT
Students will be provided with individual logins to access the sim. After logging in, they will see a title page
that contains the instructions below:
Confidential – please do not distribute without the permission of SchoolSims Ltd.
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Internal assessment resource: Accounting 2.6 for Achievement Standard 91179
TASK 1 – POST OPENING BALANCES TO THE ACCOUNTS RECEIVABLE LEDGER
Confidential – please do not distribute without the permission of SchoolSims Ltd.
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Internal assessment resource: Accounting 2.6 for Achievement Standard 91179
TASK 2 – PROCESS SALES AND ACCOUNTS RECEIVABLES TRANSACTIONS
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Internal assessment resource: Accounting 2.6 for Achievement Standard 91179
TASK 3 – PREPARE REPORT
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Internal assessment resource: Accounting 2.6 for Achievement Standard 91179
ASSESSMENT SCHEDULE: ACCOUNTING 91179 CHRIS’ OFFICE SUPPLIES
Judgement for achievement
Tasks
1&2
The student has prepared the financial
information for Chris’ Office Supplies,
including:
50% (3 out of 6) of credit sales in
the relevant subsidiary ledger
accounts and accounts control
account are correct. Minor errors
are acceptable.
60% (4 out of 7) of entries are
correct for the schedule of
accounts receivable completed
from the closing balances in the
subsidiary ledger. Minor errors are
acceptable.
correct aged debtors report. This
requires that at least 4 out of 6
debtors are correctly set-up, with
one error allowed for each.
Allow for consistency and followthrough errors.
Judgement for merit
The student has prepared the
financial information for Chris’
Office Supplies, including:
75% (4 out of 6) of credit sales in
the relevant subsidiary ledger
accounts and accounts control
account are correct. One or two
errors are acceptable.
75% (5 out of 7) of entries are
correct for the schedule of
accounts receivable completed
from the closing balances in the
subsidiary ledger. One or two
errors are acceptable.
correct aged debtors report. This
requires that at least 4 out of 6
debtors are correctly set-up with
the correct debtor total. Followthrough errors are acceptable.
sundry charge to debtor
AND/OR bad debt is correctly
entered
Judgement for excellence
The student has prepared the financial
information for Chris’ Office Supplies,
including:
85% (5 out of 6) of credit sales in the
relevant subsidiary ledger accounts and
accounts control account are correct.
One or two errors are acceptable.
90% (6 out of 7) of entries are correct for
the schedule of accounts receivable
completed from the closing balances in
the subsidiary ledger. One or two errors
are acceptable.
correct aged debtors report. This
requires that at least 5 out of 6 debtors
are correctly set-up with no errors.
sundry charge to debtor AND bad debt
are correctly entered
Internal assessment resource: Accounting 2.6 for Achievement Standard 91179
Task
3
Note: Task 3 is not automatically
marked by this simulation. Keywords
can be highlighted to assist with
marking.
The
student’s written
report
describes at least four elements of
operating a sales and accounts
receivable subsystem, for example:
purposes of the accounts
receivable subsidiary ledger
benefits of credit checking
potential customers
the internal control and the need
for a credit policy, including the
authorisation of invoices or credit
notes
the need for reconciling the
accounts receivable subsidiary
ledger with the accounts
receivable control account
the purpose of a statement to
debtors
the purposes of an aged debtors
report.
Note: Task 3 is not automatically
marked by this simulation. Keywords
can be highlighted to assist with
marking.
The student’s written report explains at
least four elements of operating a sales
and accounts receivable subsystem,
linking them to Chris’ Office Supplies.
Elements that the student could explain
include:
Note: Task 3 is not automatically marked by
this simulation. Keywords can be highlighted to
assist with marking.
The student’s written report explains at least
four elements of operating a sales and accounts
receivable subsystem, linking them to Chris’
Office Supplies and explaining the impact that
they have on the business or the potential risk to
Chris if they are not incorporated. Elements that
the student could explain include:
purposes of the accounts receivable
subsidiary ledger
benefits of credit checking potential
customers
the internal control and the need for
a credit policy including the
authorisation of invoices or credit
notes
the need for reconciling the
accounts
receivable
subsidiary
ledger with the accounts receivable
control account
the purpose of a statement to
debtors
the purposes of an aged debtors
report and how Chris can use these
to follow up with debtors.
purposes of the accounts receivable
subsidiary ledger
benefits of credit checking potential
customers
the internal control and the need for a credit
policy, including the authorisation of invoices
or credit notes
the need for reconciling the accounts
receivable subsidiary ledger with the
accounts receivable control account
the purpose of a statement to debtors
the purposes of an aged debtors report and
how Chris can use these to follow up with
debtors.
Confidential – please do not distribute without the permission of SchoolSims Ltd.
The report must be linked to Chris’ Office
Supplies, highlighting the key issue of a lack of
debtor management, the resulting rise in bad
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Internal assessment resource: Accounting 2.6 for Achievement Standard 91179
The report must be linked to Chris’
Office Supplies and should mention,
within the context of debtor
management, the key issue of its
relationship with cash flow and
reference this to the business
objective of “releasing” cash from
accounts.
The report must be linked to Chris’
Office Supplies, highlighting the key
issue of a lack of debtor management
and the resulting rise in bad debtors and
a consequential decrease in cash and its
implications for cash flow. The response
should cover more than one suggestion
for solving this issue.
Confidential – please do not distribute without the permission of SchoolSims Ltd.
debtors, and the consequential decrease in cash.
The implications for cash flow and profit should
both be covered in a comprehensive solution to
this issue, as should an analysis of the impact of
margin changes, and recommendations around
risk reduction such as credit checking.
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