Sports Station : A Computerised Accounting Practice Set Using MYOB Version 19 - Wendy Pabst

Sports Station

A Computerised Accounting Practice Set Using MYOB Version 19

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Sports Station 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