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BAO2000 Accounting Information System

Question:

Students are required to complete the following comprehensive computerised business simulation accounting exercise Handy Motor Parts Pty Ltd using MYOB Accountright plus latest version. The assessment will introduce you how to use an accounting software and will allow you to set up a company from scratch and to consolidate your knowledge of transaction processing.

Once you have completed the exercise you are required to print the following reports in a PDF format and submit them to your lecturer. Students who fail to print reports in the above-mentioned format will be penalised.

When setting up your company make sure your student id number appears along with the business name.eg (s1009739 Handy Motor Parts) 

  • Please note there will be no assistance from your lecturers other than the in class common discussions and Q&As during the sessions with completing this assignment. You are expected to use the additional resources referred to within the unit guide and the additional help notes uploaded on VUC.

Reports to be submitted  to drop box in PDF format:

  1. Aged Receivables (Summary)
  2. Aged Payables (Summary)
  3. Trial Balance (Ytd)
  4. Profit & Loss Statement
  5. Balance Sheet
  6. Transaction Journals (Account Transactions accrual)

The assignment requires you to complete the following tasks for the month of AUGUST using the following financial period : Financial Year 2021- 2022

Set Up Company As– Retail – Handy Motor Parts

Set Up Accounts

Set Up Sales And Purchases

Set Up Inventory Items

Enter Transactions

Bank Reconciliation

Stocktake

End Of Period Processing

End Of Period Reports

You are  the owner of Handy Motor Parts .The firm distributes various types of vehicle parts to businesses in the Melbourne area. The company is located at 205 Ballarat Rd, Footscray Park, 3015,   Ph: 03 9349 9999   ABN 17 222 888 000. The firm’s Balance Sheet at the beginning of August (i.e. Opening Balances) is presented below:

All goods purchased and sold are subject to GST.

BAO2000 Accounting Information System

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