BACC012 Assessment Task 3: Accounting for Your Business

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BACC012

Assessment Task 3: Accounting for Your Business

Task Description

Students will be working in a pair for this assessment which requires to create their own business and accounts for the business operations. Students then need to apply the technical skill of using MYOB (an accounting program) to record for various business transactions. In addition, it is required to Excel Spreadsheet to prepare the depreciation schedules and graphs to demonstrate the differences between different depreciation methods. The successful completion of this task will demonstrate the level of the students’ accounting and business knowledge in general, and the technical skills of using a computer accounting system including MYOB and Excel to complete the tasks.

The learning resources including videos & guides on how to use the accounting program- MYOB in recording is available on Canvas.

Learning Outcomes Assessed by this Task

The work you do in this task will be assessed against the learning outcomes listed below.

SLO1:Demonstrate the process of recording economic events in accounting information systems