Accounting Accounting Technology

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

Edited by Wendy Pabst · Brian Perrin
John Wiley & Sons (Higher Education) December 2011

Specifications

ISBN-13
9781118245156
Publisher
John Wiley & Sons (Higher Education)
Publication
December 2011
Format
Paperback , 91 pages
Jurisdiction
International ? Countri(es) for reference only

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.

Table of Contents

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 

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