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PDC5112 Advanced Accounting Systems with MYOB

Units : 0.33
Faculty or Section : Faculty of Business
School or Department : School of Accounting, Economics and Finance

Requisites

Pre-requisite: PDC5111 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 <//www.usq.edu.au/current-students/ict/hardware-software>.

Synopsis

In this course you will extend your knowledge of the accounting process by closely examining the operation of retail firms. Emphasis is placed on the recording, measurement and control of the major assets inventory and receivables, the issue of revenue/profit recognition and the links between the income statement and balance sheet that arise through our use of accrual accounting. You will learn about two methods of accounting for inventory by retailers (the perpetual and periodic systems) and a number of different methods used to measure inventory (e.g. FIFO, LIFO and weighted-average). In relation to receivable assets you will investigate the timing of revenue recognition, which gives rise to receivables, and the issue of accounting for bad debts. Finally, you will continue to build upon your knowledge of computerised accounting systems (MYOB AccountRight Enterprise v. 19) by completing the expenditure and revenue cycles for the detailed case study Dee Why Golf Range. Our emphasis in the case study is on the design of the system, which must be able to produce detailed information for managers (e.g. sales analysis), statutory reports (e.g. a Business Activity Statement) and summary financial statements. This course is designed to provide you with a solid foundation for further study in PDC5113.

Course offers

Semester Mode Campus
Full Year, 2011 External