Accounting Information System for organisations
MYOB Project – individual assessment
Topic: Accounting Information System for organisations(Value: 30%)
Due Date: Week 10
Submission: The project will be submitted via hardcopy by printing out selected documents of the computerized accounting work. Hardcopy must be submitted in class with a completed KOI assessment cover sheet.
Task Details: This project will be divided into three parts: MYOB reports, work activity report, and a presentation using MYOB AccountRight Plus software to analyse transactions in order to develop useful information, which will be used to produce a well-structured business report. Main topics of the transactions will include using general ledger, journal entries, A/P & A/R, banking, inventory, and payroll, which will all be covered in chapters 2, 3, 4, 5, 6, 7, and 9 of the textbook, Pabst Accounting with MYOB AccountRight Plus 2nd ed. Once these transactions in the textbooks are entered, students will be tasked to create an accurate Business Activity Statement for the month June 2020 and Instalment Activity Statement for the month July 2020 by using MYOB. In depth details for BAS/IAS will be announced in the lecture.
The word count limit for Work Activity Report is 800 words plus or minus 20%.
Students will be prompted with a series of validation questions by tutors after submitting their final reports to ensure that the work was carried out individually with integrity and honesty. Students that submit other’s work will receive an academic penalty in accordance with the Student Academic Misconduct Policy.
Downloading and installing MYOB
- The student edition of the MYOB software is Windows based and is available as a free download from the following URL:MYOB AccountRight 2019.1 PC Installer
- Once downloaded, run MYOB_AccountRight 2019.1 application
- Accept the T&C, and Install the program
- Once installed, you can see the icon on your desktop
- Make sure you are using the correct version which is the AcountRight Plus 2019.1
- Serial numbers KOI provides may not be working on different versions of MYOB software
Your company details should be as follows
- Company Name: Your Name (on your student ID)
- A.B.N (11 digits): 120 + Your Student Number
- Address: Your Address or KOI Address
- Phone Number: Your mobile phone number
- Fax Number: Leave it blank
- Email Address: Your student email
1. MYOB Reports (22.5%):
The computerized accounting assignment section will require students to set-up a company, complete various transactions, and generate reports to demonstrate their understanding and the ability to capture and analyse the accounting data using MYOB. This section will amount to a significant portion students’ time, as much as 30 study hours and many days to complete. As such, it is absolutely crucial for students to have excellent time management for optimal workload and completion by the submission deadline.
2. Work Activity Report (5%):
Work Activity Report includes the following components:
- progress based on time spent on each chapter
- any issues or problems that have occurred and how they were managed in each chapter, including details of what the issues or problems were (if there are differences between the results of the report produced by students and the report of the book, analyse the discrepancies and write down the possible reasons for the discrepancies), and how, if any, of the issues were managed and corrected (how the discrepancies were reconciled).
- your achievement in your MYOB project
The final report must be completed using an appropriate business report format and should include:
| Cover Page | KOI Assessment Cover page |
| Executive Summary | Short summary outlining the report |
| MYOB Report | The weekly MYOB report including each chapter cover page |
| Work Activity Reports | The details are provided in section 2 |
3. Individual Presentation (2.5%):
Presentation marks will be based on individual student’s performance of the MYOB project based on the MYOB Work Activity in week 11 and 12 tutorials. If students are absent for their presentation times, they will not receive any presentation points unless they have medical conditions by providing a medical certificate.
Submission: Hard copies of MYOB and Work Activity Reports to be submitted in their respective classes and submitting the .myox files via USB.
Due Date: Week 10
Submission: The project will be submitted via hardcopy by printing out selected documents of the computerized accounting work. Hardcopy must be submitted in class with a completed KOI assessment cover sheet.
Task Details: This project will be divided into three parts: MYOB reports, work activity report, and a presentation using MYOB AccountRight Plus software to analyse transactions in order to develop useful information, which will be used to produce a well-structured business report. Main topics of the transactions will include using general ledger, journal entries, A/P & A/R, banking, inventory, and payroll, which will all be covered in chapters 2, 3, 4, 5, 6, 7, and 9 of the textbook, Pabst Accounting with MYOB AccountRight Plus 2nd ed. Once these transactions in the textbooks are entered, students will be tasked to create an accurate Business Activity Statement for the month June 2020 and Instalment Activity Statement for the month July 2020 by using MYOB. In depth details for BAS/IAS will be announced in the lecture.
The word count limit for Work Activity Report is 800 words plus or minus 20%.
Students will be prompted with a series of validation questions by tutors after submitting their final reports to ensure that the work was carried out individually with integrity and honesty. Students that submit other’s work will receive an academic penalty in accordance with the Student Academic Misconduct Policy.
Downloading and installing MYOB
- The student edition of the MYOB software is Windows based and is available as a free download from the following URL:MYOB AccountRight 2019.1 PC Installer
- Once downloaded, run MYOB_AccountRight 2019.1 application
- Accept the T&C, and Install the program
- Once installed, you can see the icon on your desktop
- Make sure you are using the correct version which is the AcountRight Plus 2019.1
- Serial numbers KOI provides may not be working on different versions of MYOB software
Your company details should be as follows
- Company Name: Your Name (on your student ID)
- A.B.N (11 digits): 120 + Your Student Number
- Address: Your Address or KOI Address
- Phone Number: Your mobile phone number
- Fax Number: Leave it blank
- Email Address: Your student email
1. MYOB Reports (22.5%):
The computerized accounting assignment section will require students to set-up a company, complete various transactions, and generate reports to demonstrate their understanding and the ability to capture and analyse the accounting data using MYOB. This section will amount to a significant portion students’ time, as much as 30 study hours and many days to complete. As such, it is absolutely crucial for students to have excellent time management for optimal workload and completion by the submission deadline.
2. Work Activity Report (5%):
Work Activity Report includes the following components:
- progress based on time spent on each chapter
- any issues or problems that have occurred and how they were managed in each chapter, including details of what the issues or problems were (if there are differences between the results of the report produced by students and the report of the book, analyse the discrepancies and write down the possible reasons for the discrepancies), and how, if any, of the issues were managed and corrected (how the discrepancies were reconciled).
- your achievement in your MYOB project
The final report must be completed using an appropriate business report format and should include:
| Cover Page | KOI Assessment Cover page |
| Executive Summary | Short summary outlining the report |
| MYOB Report | The weekly MYOB report including each chapter cover page |
| Work Activity Reports | The details are provided in section 2 |
3. Individual Presentation (2.5%):
Presentation marks will be based on individual student’s performance of the MYOB project based on the MYOB Work Activity in week 11 and 12 tutorials. If students are absent for their presentation times, they will not receive any presentation points unless they have medical conditions by providing a medical certificate.
Submission: Hard copies of MYOB and Work Activity Reports to be submitted in their respective classes and submitting the .myox files via USB.
