In this internal, you choose a specific entity to focus on, using the options provided. Using the financial information provided you will create an inventory card which shows transactions taking place within the entity (such as sales and purchases of inventory). You will analyse the information and elements operating in the entity’s subsystem and identify issues with the system. You will then come up with some suggestions for improvement.
Using what you have learned, you will write a report, which you will hand in with the inventory card to get the credits.
This assessment is based on on the NZQA 91386 achievement standard (version 2) document.
Before taking Accounting 2.7 LearnCoach recommends you should have passed some Level 1 accounting internals or externals. If you have not done this, some of the concepts in the internal may be unfamiliar to you and you may find it a challenge.
If you've sat a similar standard in the past that has now expired, you cannot get the same credits a second time. Check the 'Exclusions List' to see recently updated standards.