Astronav Systems Pty Ltd

Astronav Systems Pty Ltd is a computerised accounting practice set using MYOB Accounting Plus Version 17. The practice set requires students to record a month's transactions and complete the accounting cycle using MYOB Accounting Plus version 17.The practice set will provide students with an appreciation of a computerised accounting system and help them develop a practical understanding of a widely used commercial accounting system. On completion of the practice set, students will...
More Description

Astronav Systems Pty Ltd is a computerised accounting practice set using MYOB Accounting Plus Version 17. The practice set requires students to record a month's transactions and complete the accounting cycle using MYOB Accounting Plus version 17.The practice set will provide students with an appreciation of a computerised accounting system and help them develop a practical understanding of a widely used commercial accounting system. On completion of the practice set, students will understand the steps involved in the accounting cycle for a small retail business, how the accounting cycle culminates in the production of monthly financial statements, balance day adjustments and their effects over two accounting cycles, how the Goods and Services Tax impacts on accounting and the preparation of financial statements. Features: Gives students hands on' experience at preparing a set of accounting records for a small business for one accounting cycle; Presents a complete accounting cycle and requires students to prepare adjusting and closing entries, a worksheet and financial statements; Students will learn how typical business events are recorded in a computerised accounting system; Develops financial analysis skills using a set of accounting records produced in MYOB; Students will gain a basic understanding of the rules for debiting and crediting.