Boab Art Gallery A Computerised Accounting Practice Set Using MYOB AccountRight PLUS Version 19

Boab Art Gallery is a computerised practice set using MYOB AccountRight Plus V19. This practice set is designed to give students experience in recording a variety of business transactions common to small businesses so that they will gain an understanding of a computerised accounting system, how it operates, how to set up a data file and enter opening balances, how to record transactions, and how to produce useful reports. This ‘hands-on' methodology reinforces the students' understanding of accounting fundamentals typically encountered in practice, and is therefore, suitable for students undertaking a course in accounting or computer-based accounting information systems.

Completion of the practice set for a one-month period, should ensure a greater appreciation of the following:

• the steps in a typical accounting cycle for a small business
• the use of subsidiary ledgers
• the perpetual inventory system
• balance day adjustments
• the bank account reconciliation
• how the accounting cycle culminates in the preparation of financial statements
• how GST is recorded and the effect it has on transactions.

Features:

• Students will set up a data file for a company and process transactions for one month
• An overview of the MYOB Command Centres is provided
• Includes installation guidelines for MYOB AccountRight Plus
• The transactions for period 1 are demonstrated in Chapter 4 with step-by-step instructions and screen shots of relevant windows, so that students can compare their screens against the screen shots before recording the entry or moving to the next step
• A CD containing MYOB AccountRight Plus V19 is included with the practice set.