BUACC1507 ACCOUNTING FUNDAMENTALS
ASSESSMENT TASK 2: MYOB ASSIGNMENT
DUE DATE: 5:00PM FRIDAY WEEK 11
This main evaluation process entails the completion of an accounting follow set from the
supplier Perdisco (www.perdisco.com.au). The duty could also be accomplished individually or in a bunch of
a most of two college students.
There are two important elements to the evaluation process:
1. The completion of a follow set utilizing the MYOB accounting software program bundle (price:
2. The compilation of a MYOB report (price: 6%)
The accounting follow set is an actual world simulation of a single month within the accounting cycle of a
small enterprise. On this context, the phrase “follow” doesn’t imply “an informal try”, however quite
a chance to display your accounting abilities in your personal simulated “accounting follow”.
This specific follow set will provide you with sensible expertise in utilizing contempory accounting
software program, by taking you thru all the steps concerned within the accounting cycle for a small
This follow set adopts a computerised method, which suggests it requires you to finish the
accounting cycle utilizing the well-known accounting software program bundle referred to as MYOB. To finish
this follow set, you’ll subsequently want the follow set itself from Perdisco, in addition to entry to
the MYOB accounting software program (please verify which model of MYOB your follow set is written
for and use the proper model). This software program is separate to the follow set itself and, if in case you have
entry to MYOB by different means, you aren’t required to buy it from Perdisco. Please notice
that MYOB has designed its software program to run solely on Home windows working programs. If you don’t
have your personal entry, directions on downloading and putting in MYOB are additionally supplied at
The follow set from Perdisco gives you with a singular accounting state of affairs involving a sequence of
distinctive transactions. It is going to offer you directions and different assets together with a Pupil
Companion and Useful Hints doc that can assist you full the follow set. At numerous phases
all through the accounting cycle, the follow set will immediate you to submit output from the
MYOB software program on-line via the Perdisco web site. You’ll then be supplied with speedy
suggestions in your efficiency primarily based on accuracy and completeness.
By the conclusion of the follow setyou may have obtained real-world expertise in utilizing MYOB
accounting software program to:
Create and setup an organization in MYOB;
Put together a variety of monetary reviews; and
Perceive the advantages of utilizing a computerised accounting system, which embody the
computerized posting of transactions.
THERE ARE A NUMBER OF STAGES REQUIRED IN COMPLETING THIS ASSESSMENT
TASK. THESE STAGES ARE AS FOLLOWS:
1. Creating an account with the follow set supplier Perdisco and buying entry to the
Earlier than you possibly can start the task, you might want to buy it on-line from Perdisco
the place it’s accessible throughout the Federation College account. Fee could be made utilizing a
bank card or PayPal. To buy the follow set, comply with the directions supplied at
www.perdisco.com.au/myobLogin. Please be sure to are enrolled within the right course
(BUACC1507) and placement.
To entry the follow set, please:
i. Create an account at www.perdisco.com.au/myobLogin
ii. As soon as registered, click on ‘Add a product to my account’
iii. Choose your course from the accessible choices
iv. Click on ‘How do I pay?’ for the fee choices accessible.
If you happen to wouldn’t have your personal entry to the MYOB software program on College computer systems or by some
different means, you should purchase a model of MYOB from Perdisco concurrently you
buy the follow set.
2. Commencing a non-assessed trial-run of the follow set (non-obligatory)
Within the pursuits of maximising college students’ alternative to develop their understanding of the
accounting cycle and study the MYOB accounting bundle, there are two phases of the follow
set. The primary is a non-assessed trial run. The accounting state of affairs within the trial run may have
comparable parts to the assessed model. College students are inspired to totally work via the
trial run, so to develop the data and abilities to maximise their marks on the assessed
three. Commencing and finishing the assessed follow set
After getting labored via the trial-run follow set, and have developed familiarity with
the MYOB software program, it’s best to instantly start work on the assessed follow set.
The follow set is a big exercise, taking as much as 20 research hours to finish over a variety of
days or even weeks. Please learn all the directions rigorously and make sure you permit your self
sufficient time to finish this exercise absolutely earlier than its submission deadline. It’s imperitive that
you full the follow set earlier than the due date, as your entry to the Perdisco on-line
system will expire on the due date, and no extensions to entry could be granted.
That can assist you alongside the way in which you’ll discover hyperlinks to the ‘MYOB Studying Centre’. This on-line
useful resource gives you with help on utilizing MYOB and you’re strongly inspired to refer
to it as you full your follow set.
Completion of the assessed follow set contributes 14% of the 20% whole worth of evaluation
process 2. This mark relies in your cumulative efficiency from every of the assorted phases
all through the follow set the place you submit MYOB output to Perdisco for grading and
four. Compiling the MYOB reviews doc following the template supplied
After getting accomplished the assessed follow set, you’re required to compile a MYOB
reviews doc containing a variety of reviews and outputs from the MYOB accounting
software program. This report ought to comply with the checklist supplied on the finish of this task doc.
This report contributes 6% of the 20% whole worth of evaluation process 2, with the mark being
primarily based on the completeness of the report and accuracy of the content material.
5. Submitting your task by the due date
The task is to be submitted by the due date on 5pm Friday of week 11. Please submit
your MYOB file (file identify ends with “.myo”) in addition to an digital copy of your MYOB report
in phrase or PDF format utilizing the Evaluation Job 2 task submission hyperlink on Moodle.
Moreover, please submit a printed copy of the MYOB report back to the task submission
field positioned at your College/Campus. If you’re finishing the evaluation process in a bunch, solely
one submission is required. Please make sure the names and pupil IDs of all group members is
clearly included along with your submission.
Please additionally just remember to have included all gadgets included within the checklist beneath earlier than you
submit your report back to keep away from shedding any marks. College students that fail to adjust to MYOB report
template supplied and haven’t supplied the MYOB file shall be given zero marks as it’s
inconceivable to mark the report with out the MYOB file.
College students have to verify the MYOB file that they’ve supplied towards the MYOB report that
they’ve submitted to verify for accuracy and to guarantee that all figures are matching every
Evaluation duties submitted after the due date, with out prior approval/association, shall be
penalised at 10% of the accessible marks per day. Requests for extension of time should be made
with the lecturer involved and primarily based on Particular Consideration tips
Do you have to want help, please use the accessible assets and help via the dropdown
menus in Moodle. For help with submission, go to:
MYOB Task Test Record – Report (6%)
Pupil Title: ___________________________ Pupil Quantity: _________________________
Pupil Title: ___________________________ Pupil Quantity: _________________________
(A x B)
1. Cowl web page with college students’ names
and pupil IDs’
2. Desk of contents zero.25
three. Web page numbers zero.25
four. Steadiness sheet zero.5
5. Revenue assertion (revenue and loss
6. Money move assertion zero.5
7. The most recent trial steadiness zero.5
eight. Reconciliation report zero.5
9. Aged receivables abstract report zero.5
10. Aged payables abstract report zero.25
11. Objects checklist abstract report zero.25
12. Basic journal zero.5
13. Gross sales & receivables journal zero.25
14. Money receipts journal zero.25
15. Purchases & payables journal zero.25
16. Money disbursements journal zero.25
17. Payroll journal zero.25