* = externally and internally assessed criteria Standards 1: *DESCRIBE ACCOUNTING AND FINANCIAL TERMS, CONCEPTS AND PRINCIPLES RATING RATING RATING ‘C’ ‘B’ ‘A’ The learner: The learner: The learner: identifies terms, describes terms, explains terms, concepts and concepts and concepts and principles related to principles related to principles related to the accounting the landscape for a the landscape for a landscape for a sole sole trader and sole trader and trader and provides provides examples of provides a range of an example of each each examples of each identifies terms, describes terms, explains terms, concepts and concepts and concepts and principles related to principles related to principles related to recording, recording, controlling recording, controlling and risk and risk managing controlling and risk managing financial financial managing financial information and information and information and provides an example provides examples of provides a range of of each each examples of each identifies terms, describes terms, explains terms, accounting accounting accounting assumptions and assumptions and assumptions and qualitative qualitative qualitative characteristics characteristics related characteristics related to the to the preparation of related to the preparation of financial reports and preparation of financial reports and provides examples of financial reports provides an example each and provides a range of each of examples of each identifies terms, describes terms, explains terms, concepts and concepts and concepts and
* = externally and internally assessed criteria Standards 1: *DESCRIBE ACCOUNTING AND FINANCIAL TERMS, CONCEPTS AND PRINCIPLES RATING ‘C’ RATING ‘B’ RATING ‘A’ The learner: The learner: The learner: identifies terms, concepts and principles related to the accounting landscape for a sole trader and provides an example of each describes terms, concepts and principles related to the landscape for a sole trader and provides examples of each explains terms, concepts and principles related to the landscape for a sole trader and provides a range of examples of each identifies terms, concepts and principles related to recording, controlling and risk managing financial information and provides an example of each describes terms, concepts and principles related to recording, controlling and risk managing financial information and provides examples of each explains terms, concepts and principles related to recording, controlling and risk managing financial information and provides a range of examples of each identifies terms, accounting assumptions and qualitative characteristics related to the preparation of financial reports and provides an example of each describes terms, accounting assumptions and qualitative characteristics related to the preparation of financial reports and provides examples of each explains terms, accounting assumptions and qualitative characteristics related to the preparation of financial reports and provides a range of examples of each identifies terms, concepts and describes terms, concepts and explains terms, concepts and
ACC315116_course_v1b.docx