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e-Revolution - A Computerised Accounting Practice Set Using MYOB Version 19

e-Revolution - A Computerised Accounting Practice Set Using MYOB Version 19

Author: Wendy Pabst; Brian Perrin
Publisher: John Wiley & Sons (Higher Education)
ISBN: 9781118245156
Published In: December 2011
Format: Paperback , 91 pages
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents

Details
eRevolution 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
- the variety of source documents, and
- how to extract information from source documents to record transactions.
Features:
- Includes source documents typically used in business.
- 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.
CHAPTER 1 Introduction

CHAPTER 2 Guided tour of MYOB

CHAPTER 3 Setting up the data file

CHAPTER 4 Entering transactions for period 1

CHAPTER 5 Reports

CHAPTER 6 Completing the practice set

APPENDIX 1 Transactions - April 2012

APPENDIX 2 An introduction to the GST and PAYG

APPENDIX 3 Chart of accounts

APPENDIX 4 MYOB Help