Faculty of Business: Accounting
Credit points: 6 cp

Subject level: Undergraduate

Result Type: Grade and marks

Requisite(s): 22207 Accounting Transactions and Business Decisions
These requisites may not apply to students in certain courses.
There are also course requisites for this subject. See access conditions.

Handbook description

This subject introduces the concepts of computerised accounting and the general operation of several microcomputer accounting packages. It also provides opportunities for students to gain experience in the installation and operation of accounting packages for the small business, and enables them to evaluate and advise on the suitability of accounting packages for small and medium enterprises.

Topics covered include: the development of an accounting framework for small and medium enterprises; the selection of computer hardware and microcomputer accounting packages; and general ledger, accounts receivable, accounts payable, stock and cash book; comparison and critical evaluation of various accounting packages.

Subject objectives/outcomes

On successful completion of this subject students should be able to:

1. Use the following modules in an accounting software package: General Ledger, Cash Book, Accounts Receivable, Accounts Payable and Inventory to process accounting data and produce the accompanying accounting reports.
2. Export data from a standard accounting package to standard financial reporting accounting software program and produce statutory financial reports the program.

Contribution to graduate profile

Given that accounting information is central in the management of SMEs, this unit as a component of the small business sub-major exposes students to the methods used by SMEs to process and report accounting data to management and to external authorities.

Teaching and learning strategies

Using computer based accounting software, students are asked to work through topics in their highly illustrated text book. At the completion of each major task they are asked to check their work against the solutions provided. At the completion of each topic students would have acquired the skills required to attempt and successfully complete their assignments. As stated the objective of the subject is to show students how to use accounting software to record, process and report accounting information.

The approach is cumulative that is start with simple situations and move towards more complex ones. This is reflected by the three assignments that are set for assessment.

In the first assignment, students are asked to setup a business and process transactions and produce routine accounting reports for a business using only the General Journal (for data entry) and the General Ledger module.

In the second assignment, students are asked to setup a business and process transactions using, Accounts Receivable, Accounts Payable, Inventory, General Ledger and Cash Book modules, and as in Assignment 1, produce routine accounting reports.

In the third assignment students are asked to produce statutory reports from data.

Content

• Introduction to subject
• General Ledger and Cash Book
• Accounts Receivable
• Accounts Payable
• Inventory
• Integrated Accounting
• Setup Company
• Import Data, Map Chart of Accounts
• Ratios, Adjusting Journals and Printing Reports.

Assessment

Assessment Assignment 1	30%
Tests the fundamental knowledge gained in Objective 1.
Assessment Assignment 2	40%
Tests the advanced knowledge gained in Objective 1.
Assessment Assignment 3	30%
Tests the ability to produce statutory financial reports using specialty software. Objective 2.

These assignments require individual preparation and submission. Each assignment is based on a random generated set of numbers providing a unique data set and answer for each student.

Recommended text(s)

Fraser, D., Gregory, S., (2003), MYOB Training Package Version 13, Better Teams Publications.

Indicative references

O'Brien, S. (2003), Using MYOB Version 13, QUE, A division of Macmillian Computer Publishing, USA.

Ring, J., and Cheetham, C., (2003), Introductory Computer Accounting, Accounting Exercises and Workbook, A Live Data Approach, MYOB Version 13, One Stop Business Solutions Pty Ltd.

Ring, J., and Cheetham, C., (2003), Introductory Computer Accounting, Learner's Guide, A Live Data Approach, MYOB Version 13, One Stop Business Solutions Pty Ltd.