Wedding Bells Boutique: a computerised accounting practice set using MYOB V18 | 174246503X | 9781742465036 |
‘Wedding Bells Boutique' is a computerised practice set using MYOB Accounting Plus Version 18. This practice set is designed to give students experience in recording a variety of business transactions common to small businesses. From it 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
• 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.

Wedding Bells Boutique: a manual accounting practice set | 1742467261 | 9781742467269 |
‘Wedding Bells Boutique' is a manual accounting practice set. This practice set is designed to give students an understanding of the accounting process and how to prepare a range of typical accounting reports and transactions common to a small businesses. By completing this practice set, students will gain an understanding of the flow of data in an accounting system.

Completion of the practice set for a one month period should ensure a greater appreciation of the following:

• The steps in the accounting cycle for a small business
• The use of special journals for processing data more efficiently
• The use of subsidiary ledgers to remove details from the general ledger
• The steps in posting journals to the general ledger and subsidiary ledgers
• The perpetual inventory system
• The bank account reconciliation
• Balance-day adjustments and the general ledger closing process
• How the accounting cycle culminates in the preparation of financial statements
• How the goods and services tax (GST) impacts on accounting.

Completion of the practice set for a one-month period should ensure a greater appreciation of:
• The steps in the accounting cycle for a small business
• The use of special journals for processing data more efficiently
• The use of subsidiary ledgers to remove detail from the General Ledger
• The perpetual inventory system
• The bank account reconciliation
• Balance-day adjustments and the General ledger closing process
• How the accounting cycle culminates in the preparation of financial statements
• How the goods and services tax (GST) impacts on accounting

Part B of this practice set gives students experience in setting up a data file, entering opening balances, recording transactions and producing useful reports using MYOB Accounting Plus v18. On completion of Part B, users will acquire knowledge of how the same processes as those listed above for the manual practice set operate in a computerised environment.

In order to gain the most benefit from the practice set it is recommended that Part A be completed first, followed by Part B. However, Part A and Part B can each be independenty completed.

Wonderous Wildflowers Pty Ltd: a computerised accounting practice set using MYOB V18| 1742167713 | 9781742167718 |
Wonderous Wildflowers; is a computerised practice set using MYOB Accounting Plus Version 18. 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
• 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.

Justin's Gourmet Foods Pty Ltd | 1742168019 | 9781742168012 |
Justin's Gourmet Food Pty Ltd is intended for students studying introductory accounting and can be used with any introductory textbook. An advantage of this practice set over many others is that revenue and expense accounts have not been closed at the end of the previous month, therefore providing students with a more realistic scenario. This practice set provides students with the unadjusted trial balance at the end of May and requires students to record typical transactions for a retail business for the last month of the financial year. Once these transactions have been recorded and posted students are required to complete the accounting cycle by journalising and posting adjusting and closing entries and preparing financial statements.

Students that complete this practice set should develop the skills necessary to keep a set of manual accounting records and understand the steps required to complete the accounting cycle.

Astronav Systems Pty Ltd | 1742164498 | 9781742164496 |
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.

Topp Class Air Conditioning | 0470819669 | 9780470819661
Topp Class Air Conditioning is a retail and service business operated by a partnership with a simple 50:50 split of profit or loss. This practice set requires students to manually prepare a set of internal-format financial reports, including a Cash Flow Statement (optional), using a system of special and general journals and general and subsidiary ledgers, for a limited number and range of transactions, for a one-month period. This activity gives students the opportunity to learn how all of the steps in the accounting cycle fit together and how accounting controls can be designed into an accounting information system (with reconciliations, trial balances etc.).

Tony's Plant Nursery Pty Ltd | 1742164633 | 9781742164632
This practice set is intended for students studying introductory accounting and can be used with any introductory textbook. An advantage of this practice set over many others is that revenue and expense accounts have not been closed at the end of the previous month, therefore providing the student, with a more realistic situation going into the last month of the financial year. This practice set provides students with the unadjusted trial balance at the end of May and requires them to record typical transactions for a retail business for the last month of the financial year. Once these transactions have been recorded and posted students are required to complete the accounting cycle by journalising and posting adjusting and closing entries and preparing financial statements. This practice set will develop the skills necessary to keep a set of manual accounting records and understand the steps required to complete the accounting cycle.

Astronav Systems Pty Ltd | 0470802162 | 9780470802168
‘Astronav Systems Pty Ltd' is a combined manual and computerised practice set using MYOB Accounting Plus Version 17. The practice set is divided into two parts: Part A requires the recording of a set of monthly transactions into a manual acccounting system and the completion of the accounting cycle, while Part B requires the subsequent month's transactions to be recorded in a computerised accounting sysem and completion of the accounting cycle using MYOB Accounting Plus version 17.

The practice set will provide students with an appreciation of the workings of a manual acounting system and develop their understanding of the transition from a manual accounting system to a computerised accounting system typically used in business.

On completion of the practice set, students will appreciate
• 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 accoumting cycles
• How the Goods and Services Tax impacts on accounting
• The preparation of financial statements.

Navigaid Systems Pty Ltd | 0470820187 | 9780470820186
Navigaid Systems Pty Ltd is a small retail business specialising in the supply of a limited range of person global positioning systems to a variety of customers. The practice set is designed to give users experience, in a simulated retail business environment, experience in analysing, recording and processing a number of common business transactions incorporating a perpetual inventory system in a manual accounting system.

On completion of this practice students should have an understanding of the processes and procedures associated with the manual accounting system and in particular a greater appreciation of:

• the steps involved in the accounting cycle for a small retail business
• how the accounting cycle culminates in the production of monthly financial statements
• the accounting procedures used in a perpetual inventory system
• how the Goods and Services Tax impacts on accounting
• the role of balance day adjustments and their effects on final statements, and the end-of-period closing process
• preparation of financial statements from accounting records.

Emerald Equestrian Centre | 0470818999 | 9780470818992
Emerald Equestrian Centre gives accounting students the opportunity to prepare a set of accounts manually. Many accounting students think that there is no point in practising manual bookkeeping, as computers with accounting software are used in most businesses today. It is true that after most accounting students have graduated and entered the workforce, they will never be required to do manual bookkeeping. Without an exercise such as this accounting practice set, students will miss out on the opportunity to see and experience the way all of the steps in the accounting cycle fit together.
The steps in the accounting cycle, such as analysing source documents, recording journal entries, posting to the ledger accounts, preparing adjusting and closing entries, and preparing a worksheet and financial statements, are usually taught in a number of sessions over a period of weeks. An accounting practice set gives students practice at working through the whole accounting cycle, thereby discovering how all the steps in the cycle are related.

Click here to access the Solutions Manual for DB Dance Studio.

Deevetronics Pty Ltd/Edwards 0470811277 | 9780470811276
‘Deevetronics Pty Ltd’ is a computerised practice set; a teaching and learning aid, to be used with an introductory accounting textbook, which will also introduce students to the many features of MYOB Accounting Plus (Version 16). The practice set will give students experience in recording a variety of business transactions common to small retail businesses. 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 practice set is ideal for students undertaking a course in accounting:  the ‘hands-on’ methodology reinforces students’ understanding of accounting fundamentals typically encountered in practice.

Ocean Cruises/Irfaq 0470815043 | 9780470815045 |
This practice set is intended for students studying introductory accounting and can be used with any introductory textbook.  Ocean Cruises is a manual accounting practice set that will provide students with a realistic set of revenue and expense accounts for a financial period. Students will be required to record a series of typical transactions during a financial period, complete the accounting cycle by journalising and posting adjusting and closing entries, prepare an adjusted trial balance and prepare the financial statements for the business.
The practice set will develop the skills necessary to keep a set of manual accounting records and understand the steps needed to complete the accounting cycle.

Click here to access the Solutions Manual for Happy Potters.

Click here to access the Solutions Manual for Penny's Outlet.

Chris Rhodes Accounting Services/Cheetham | 0470815671 | 9780470815670
Chris Rhodes Accounting Services is a hypothetical business that offers accounting and business services to its clients. The unique feature of this accounting practice set is that it can be used manually or with MYOB Accounting V16. Students are presented with a number of typical business transactions over 3 months (source documents are provided for two months) and are required to record the transactions manually or using MYOB Accounting.

Click here to access the Solutions Manual for Dave's Detergent.