Receivables subsystem · AS 91179
Demonstrate understanding of an accounts receivable subsystem for an entity
Level 2 · Year 123 creditsInternalAchievement StandardAccounting 2.5
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National attainment · NZQA · 2024
2,513 students sat this in 2024 · 89% passed
Excellence34.4%
Merit30.0%
Achieved24.8%
Not Achieved10.9%
In plain EnglishAI-generated · cross-checked against the NZQA assessment report
You need to show you understand how a business tracks money owed to it by customers. This means you'll work through real accounting records like ledgers and reports, and explain why a business sets up its customer debt system the way it does.
What you actually do
- ·Process financial information through accounts receivable records (subsidiary ledger, schedule of receivables, aged debtors reports)
- ·Describe the different parts of how a business manages customer debts and why each part matters
- ·Handle entries for bad debts, discounts, errors, and extra charges to customers' accounts
- ·Explain how the detailed customer records link back to the main accounts and why the system works that way
- ·Justify design choices in the receivable system by showing how each element protects the business or helps it manage cash
AAchieved
You process basic receivable records correctly and describe what the different parts of the system do.
MMerit
You process detailed records including bad debts and charges, and explain why each part of the system is important.