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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

ISBN: 978-1-118-24515-6

Feb 2012

97 pages

Select type: Paperback

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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.

    Systems Requirements

    For Windows 7: Windows Vista (Service Pack 2) or Windows XP (Service Pack 3)

    For Mac: Mac OS X v10.4 or later

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  • 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.