PDC5113 Producing and Analysing Financial Information with MYOB

Requisites

Pre-requisite: PDC5112 for FBSC Group Students Only

Other requisites

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/ict/students/standards/default.htm>.

Synopsis

In this course you will complete your study of the accounting process by closely examining the end-of-month process, which includes bank reconciliations, the use of accounting worksheets (in Excel) to determine the required adjusting entries, the role of reversing entries and the preparation of financial statements. You will complete your study of the industry-leading software MYOB AccountRight Enterprise v19 by investigating the payroll cycle (e.g. creating employee and processing a pay-run). In the second part of this course you will explore issues in relation to long-term assets, including the recognition of tangible and intangible assets (e.g. can we recognise a brand name that we have developed over time), their measurement and reporting (e.g. the cost of built assets and the various methods of depreciation) and their disposal. In the final section of this course you will focus on the analysis and interpretation of financial information. To do this you will study the preparation of the Cash Flow Statement and the calculation and interpretation of financial indicators of financial performance, liquidity and long-term solvency (e.g. horizontal and vertical analysis and ratio analysis).

Course offers