Accounting and FinanceVerification Group 266

Accounting and FinanceVerification Group 266

Verification FeedbackSession 2006/2007

Kim TreeSenior Verifier

Visiting VerificationVisiting Verification

Majority of visiting verification took place towards end of session 2006/2007

Some issues relating to second year HND Units were raised – these covered specialist subjects such as Taxation

Graded Units 2 and 3 were normally discussed during visits

Development visits undertaken at centres’ request

Central VerificationCentral Verification

5 days in June 2007 Team of 5 verifiers Verification of Graded Units 1, 2 and 3 Centres worked hard to meet the deadlines for

the events Centres are developing their practice with the

Graded Units and should be commended for this – well done

Central Verification – General IssuesCentral Verification – General Issues

Centres should:─ ensure that copy of assessment instrument and

detailed marking scheme used is submitted for each Graded Unit being centrally verified

─ submit full range of grades (A, B, C, fail/not achieved) within sample

─ if possible, include copy of Internal Verification record─ submit results sheet for ALL candidates entered for

each GU to allow EVs to see range of grades awarded

Graded Unit 1Graded Unit 1

Criteria for central verification: centres offering award for first time + random sample of other centres

Centres coping well with this Graded Unit

Still some evidence of consequential marking not being employed

Graded Unit 2 - ProjectGraded Unit 2 - Project

Many centres delivered GU2 for the first time in session 2006/2007

Evidence that centres are preparing candidates well for project

Evidence that centres are delivering Unit early in session to allow candidates sufficient time to complete tasks

Assessors must refer to minimum requirements when marking each stage of project

Graded Unit 2 – Areas for ImprovementGraded Unit 2 – Areas for Improvement

Budget information should be logical and be based on scenario given in question

Only allocate marks to budget calculations if work makes sense

Ensure figures follow through Candidates must pass planning stage before

continuing with project

Graded Unit 3 - ExamGraded Unit 3 - Exam

Information must be kept up-to-date Current standards and tax rates should be used

in the assessment of all HN Accounting Units Assessment instruments should be amended to

incorporate current rates Ensure candidates are not given information

relating to notes to accounts or narrative topics prior to assessment

Graded Unit 3 – Part 1 (Computational)Graded Unit 3 – Part 1 (Computational)

Apply consequential marking to the assessment

Ignore extraneous items

Assessment conditions should be adhered to

Candidates should not complete assessment in pencil

Graded Unit 3 – Part 2 (Narrative)Graded Unit 3 – Part 2 (Narrative)

Evidence of clear identification of marks awarded

Centres should discourage the use of bullet points in the solutions to narrative questions

Do not award marks for repetition of information within same question

Graded Units - Good PracticeGraded Units - Good Practice

Use of different coloured pens to distinguish between first and second marker

Clear indication on scripts where marks had been awarded

Individual marking sheets – including space for comments

Rigorous application of IV procedures

Graded UnitsGraded Units

Centres have risen to the challenge of the

Graded Units and progress is continuing to be made