PDC5111 Introduction to Accounting Systems with MYOB
|Full Year, 2012 External Toowoomba|
|Faculty or Section :||Faculty of Business and Law|
|School or Department :||School of Accounting, Economics and Finance|
|Version produced :||30 December 2013|
Examiner: Mark Vallely
Pre-requisite: For FBSC Group Students Only
Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at <http://www.usq.edu.au/current-students/support/computing/hardware>.
This course aims to inform students of the nature of accounting systems (both manual and computerised), through the manual processing of transactions (journals, ledgers, trial balance) and by using industry-leading MYOB accounting software.
In this course we will introduce you to the complex world of commerce. We start by investigating the commercial and accounting environment and the need for high quality financial information for business owners/managers to make commercial decisions. We introduce the common financial accounting (external) reports (balance sheet, income statement, statement of changes in equity and statement of cash flows), which are used for decision-making purposes. The information provided in these reports is captured in an accounting system (either manual or computerised), which is designed to measure business activities, record the data and summarise it. Our coverage of the manual accounting process is comprehensive (transaction analysis and recording through to preparation and presentation of financial reports). We will then build upon your knowledge by studying the use of a computerised accounting system (MYOB AccountRight Enterprise v. 19). This course is designed to provide you with a solid foundation for further study in PDC5112 and PDC5113.
On successful completion of this course, students should be able to:
- describe and discuss the commercial and accounting environment, the assumptions which underlie the accounting process and the current regulatory processes in operation
- analyse business transactions and describe their effect on the accounting equation, record business transactions, process period end adjustments and prepare financial reports consistent with the relevant professional and statutory requirements
- use the accounting software MYOB AccountRight Enterprise v. 19, to create a company file, an accounts list and the tax codes for GST and to record business transactions and events.
|1.||The commercial and accounting environment||20.00|
|2.||Business elements and transactions||20.00|
|3.||Introduction to MYOB||20.00|
|4.||The balance day adjusting process||20.00|
|5.||Completing the accounting process||20.00|
Text and materials required to be purchased or accessed
ALL textbooks and materials available to be purchased can be sourced from USQ's Online Bookshop (unless otherwise stated). (https://bookshop.usq.edu.au/bookweb/subject.cgi?year=2012&sem=04&subject1=PDC5111)
Please contact us for alternative purchase options from USQ Bookshop. (https://bookshop.usq.edu.au/contact/)
Horngren, CT, Harrison, WT Jr, Best, PJ, Fraser, DJ & Willett, R 2010, Financial accounting, 6th edn, Pearson Education, Frenchs Forest, New South Wales.
Vallely, M 2010, MYOB a hands on approach: AccountRight Enterprise v. 19 + MYOB CD, 5th edn, Pearson Education, Frenchs Forest, New South Wales.
(MYOB AccountRight Enterprise v. 19 - STUDENT VERSION Software (this is included in the Vallely textbook – PLEASE DO NOT ATTEMPT TO USE ANOTHER VERSION OF MYOB.)
Bazley, M & Hancock, P 2010, Contemporary accounting, 7th edn, Cengage Learning, South Melbourne, Victoria.
Birt, J, Chalmers, K, Brooks, A, Byrne, S & Oliver, J 2011, Accounting: business reporting for decision making, 3rd edn, John Wiley & Sons, Milton, Queensland.
Hoggett, JR, Edwards, L & Medlin, JF 2011, Accounting, 8th edn, John Wiley & Sons, Milton, Queensland.
Marshall, DH, McManus, WW & Viele, DF 2011, Accounting: what the numbers mean, 9th edn, McGraw Hill/Irwin, Boston, Massachusetts.
Porter, GA & Norton, CL 2011, Financial accounting: the impact on decision makers, 7th edn, South Western Cengage Learning, Mason, Ohio.
Summers, J & Smith, B 2010, Communication skills handbook, 3rd edn, John Wiley & Sons, Milton, Queensland.
Weygandt, J, Chalmers, K, Mitrione, L, Fyfe, M, Kieso, D & Kimmel, P 2010, Principles of financial accounting, 2nd edn, John Wiley & Sons, Milton, Queensland.
Student workload requirements
|Description||Marks out of||Wtg (%)||Due Date||Notes|
Important assessment information
Requirements for students to complete each assessment item satisfactorily:
Penalties for late submission of required work:
Requirements for student to be awarded a passing grade in the course:
Method used to combine assessment results to attain final grade:
Examination period when Deferred/Supplementary examinations will be held:
University Student Policies:
Students should read the USQ policies: Definitions, Assessment and Student Academic Misconduct to avoid actions which might contravene University policies and practices. These policies can be found at http://policy.usq.edu.au.