An Accounting Practice Set Using MYOB Accounting Plus Version 17
Astronav Systems Pty Ltd is a computerised accounting practice set using MYOB Accounting Plus Version 17. The practice set requires students to record a month's transactions and complete the accounting cycle using MYOB Accounting Plus version 17. The practice set will provide students with an appreciation of a computerised accounting system and help them develop a practical understanding of a widely used commercial accounting system. On completion of the practice set, students will understand the steps involved in the accounting cycle for a small retail business, how the accounting cycle culminates in the production of monthly financial statements, balance day adjustments and their effects over two accounting cycles, how the Goods and Services Tax impacts on accounting and the preparation of financial statements.
An Accounting Practice Set Using MYOB Accounting Plus
John Walsh is the owner manager of a television business trading under the registered business name, Video Matrix. The business sells a range of televisions, videos and other related equipment to various retailers at competitive prices. The business commenced on the 1 July 1999 when Walsh used some of the proceeds of an early retirement package to purchase the business premises and buy a small quantity of inventory. This practice set is intended to introduce students to MYOB Accounting Plus v18. It gives students experience in keeping a computerised set of books and is recommended for use by students studying an introductory unit in financial accounting. This practice set is designed to simulate the activities of a business i.e. Video Matrix, and provide students with the opportunity to process a number of common transactions affecting a business over one accounting period. It should ensure a greater appreciation of: (A) the steps required in the accounting cycle (including GST requirements); (B) entering sales, purchases, receipts, payments and general journal entries; (C) reconciling bank accounts, GST, Accounts Receivable and Accounts Payable; (D) printing financial reports which summarise the activities of the business for the period; and (E) the preparation of the Business Activity Statement. Students are asked to analyse and enter transactions for the month of June 200X using MYOB Accounting Plus, according to the instructions given.
This practice set is designed to simulate the activities of a business i.e. Video Matrix, and provide students with the opportunity to process a number of common transactions affecting a business over one accounting period.
A Manual and MYOB Accounting Practice Set Using MYOB Accounting Plus Version 17
'Astronav Systems Pty Ltd' is a combined manual and computerised practice set using MYOB Accounting Plus Version 17. The practice set is divided into two parts: Part A requires the recording of a set of monthly transactions into a manual acccounting system and the completion of the accounting cycle, while Part B requires the subsequent month's transactions to be recorded in a computerised accounting sysem and completion of the accounting cycle using MYOB Accounting Plus version 17. The practice set will provide students with an appreciation of the workings of a manual acounting system and develop their understanding of the transition from a manual accounting system to a computerised accounting system typically used in business. On completion of the practice set, students will appreciate * The steps involved in the accounting cycle for a small retail business * How the accounting cycle culminates in the production of monthly financial statements * Balance day adjustments and their effects over two accoumting cycles * How the Goods and Services Tax impacts on accounting * The preparation of financial statements.
A Combined Manual and MYOB Accounting Plus V18 Practice Set
This comprehensive financial accounting practice set aims to help students develop critical thinking skills and apply a 'deep learning' approach to their first year accounting studies, and an appreciation of how a real-life business may operate. Alias Press is an independent publisher of niche titles owned by sole proprietor David Cornwall. David is implementing a computerised accounting system for the first time. The practice set guides students through the process of recording and preparing a range of accounting transactions in both manual and computerised contexts and incorporates both structured and semi-structured problems. Teaching and learning with a combined practice set offers many advantages. A major one is that students will gain a genuine understanding of the underlying processes involved in preparing a set of financial statements. In a purely computerised setting, these processes occur in the background and typically are unseen by the user of the software. Another key benefit using a combined practice set is that students are introduced to the use of accounting software while enhancing their understanding of the double-entry accounting system and allowing them to experience the role of computers in accounting. At the end of the practice set students are able to compare and evaluate the results produced manually with those produced by the MYOB package. This practice set comes with a student version MYOB Accounting Plus Version 18 CD ROM. Alias Press is ideal to package with Accounting and Financial Accounting by Horngren et al.
The practice set guides students through the process of recording and preparing a range of accounting transactions in both manual and computerised contexts and incorporates both structured and semi-structured problems.
Written especially for MYOB Accounting Plus version 18 and MYOB AssetManager Pro version 3.5. The book comes with a CD-ROM containing the MYOB Accounting Plus v18 Student edition and MYOB AssetManager Pro v3.5 Student edition.
