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Accounting and Finance Verification Group 266

Accounting and Finance Verification Group 266. Verification Feedback Session 2006/2007 Kim Tree Senior Verifier. Visiting Verification. Majority of visiting verification took place towards end of session 2006/2007

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Accounting and Finance Verification Group 266

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  1. Accounting and FinanceVerification Group 266 Verification FeedbackSession 2006/2007Kim TreeSenior Verifier

  2. Visiting 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

  3. Central 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

  4. Central 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

  5. Graded 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

  6. Graded 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

  7. Graded 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

  8. Graded 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

  9. 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

  10. 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

  11. Graded 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

  12. Graded Units Centres have risen to the challenge of the Graded Units and progress is continuing to be made

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