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You have recently graduated from VU and are now working for a small accounting firm

There are two parts to the assignment. The first part requires students to set up an entity’s books in MYOB and process transactions to relevant accounts. The second part requires students to prepare a document for the Audit Manager.


Part A

You have recently graduated from VU and are now working for a small accounting firm. The firm recently purchases MYOB software for internal use. Upon learning that you had recently completed an accounting degree, the firm’s partner asks you to set up and process a number of transactions into relevant accounts.


Required

1. Set up the firm on MYOB.

2. The financial year must be 1 January 2016 to 31 December 2016

3. Process the transactions listed in Part A_MYOB_S317 into relevant accounts.

4. Print out and submit reports for the year ended 31 December 2016.

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