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A major component of the ACC703 course is the MYOB assignment that is an individual assignment.
Your individual assignment will be assessed on three aspects of the assignment:
MYOB Assignment: 18%;
MYOB Work Activity Report: 800 words plus or minus 20% (5%);
Prepare Job Claim Statement and Resume (5%); and
Individual presentation based on MYOB assignment: (2%).
Students should report the progress of their MYOB assignment to the tutor by showing the
completed chapters or parts of the MYOB assignment to the tutor in week 7. Final MYOB
Assignment is due by week 10.
MYOB Assignment (18%)
1. MYOB assignment text book is “Wendy Pabst & Brian Perrin (2015), Accounting With MYOB 19, 1st
Edition, Cengage Learning, Australia”
2. Please read the downloading and installing MYOB Software
3. Each chapter has Revision Exercise. Please Do not do Revision Exercise.
4. When you finish each chapter, please print the reports specified in the book , compare the results of the
your printed reports and the results of reports of the book and sign at the bottom of each printed report as
an evidence of completing the comparison of two reports before starting the next chapter. If two results of
the reports are different, you should mark the different results on your printed reports, analyse the
difference and write down the possible reasons of the difference.
5. The assignment should include one title page and 9 chapter cover pages (chapter 2 to 10) in front of the
printed reports of each chapter, and be tied tightly by binding or using plastic folders. Please do not forget
to write your student number, name and course on the title page.
6. MYOB assignment is due by Week 10. Students submit both the paper-printed version and the USB stick
to contain 9 MYOB assignment files (*.myox) at the start of the lecture in week 10. If student does not
submit the USB to contain 9 MYOB (*myox)files, the printed version will not be accepted or 20%
penalty of total available mark will apply to the assignment.
7. When students submit the paper-printed version to the lecturer, the lecturer will ask validation questions
to the student to check whether the submitted MYOB assignment is the student own work or not.
8. In the past, we found that some students had copied other student’s work, changed name and format,
printed and submitted the printed version , or copied word outputs, changed name and converted to PDF
file. We remind you again that If we find the students who submits other students’ work with changed
name and format , we will take action against the students.
Common Mistake
One of the
most common
errors is to
enter the date
in correctly.
Though the
student does
not have any
intension to
enter the date
in correctly it
can happen.
MYOB by
default enters
the today’s
date. However
the accounting
MYOB
assignment has
transaction
dates which
relates to
future dates. So this is a trap for the student and it is very likely that a wrong date is
entered. Thus student should double check the date before entering it in to the system.
Go to the DATE SETTING on your computer to see the format of the date. Ensure that
this is in the format DATE-MONTH-YEAR. If it is not in this format, then you should
change the setting to this format, or else remember that it is not in this format, before
entering any information. A common problem for students is assuming that the date
setting on their computer will be DAY–MONTH–YEAR. However, it may be set as
MONTH–DAY-YEAR and finding that transactions attempting to be entered on
13/7/2009 will not be accepted, is the first students know that their computer is set to
the date setting MONTH–DAY-YEAR. At that stage there is no alternative but to start
over again, losing all transactions entered. To set your computer so that DATE-MONTH-
YEAR date format are used for your transactions, go to Control Panel and then to
Regional and Language Options and change to DATE-MONTH-YEAR date format
To set your computer so that dollars are used for your transactions, go to Control Panel
and then to Regional and Language Options and change to DOLLAR (Australian)format.
Enter opening balances as positive numbers. Don’t, for example, enter your liability
account balances as negative numbers. Enter negative amounts only if accounts truly
have negative balances. As a rule, these will be asset accounts that record accumulated
depreciation. For example you have to enter the opening balance of the trial balance
(page 28). The trial balance has two columns (debit and edit) The scree of MYOB
balance has one column. Please enter -275, -4,410, -3,830, -11,940 in asset category
and also enter -3,790 -21,500 in liability category.
When you creating Purchase or Sales invoices in MYOB, there is a tick box asking you
whether the invoice is Inc. or Exc. GST, also when loading in price for products. It is
another common mistake for students to forget to tick or untick the in the tick box,
based on the information of the book.
You have entered an invoice twice in MYOB and closed both of them. You need to find
out how to delete one of them, You are finding it difficult because it’s already closed.
Have to delete the payment that closed the invoice first. If you are looking at the
invoice click on history then delete the line entry that has the payment that closed the
invoice. Once you delete the payment, you will be able to delete the invoice.
· Set up and link accounts Student work Student work Student work Student w
does not Student work demonstrates an demonstrates a demonstra
demonstrates a demonstrates a effective proficient advanc
· Enter account opening
basic developed basic developed developed developed develop
balances
understanding understanding understanding understanding understan
of how to of how to of how to of how to of how
· Reports using other option perform (more perform (6-10 perform (3-5 perform (1-2 perform
than 10 errors) errors) errors) errors) errors
· Adjustment note
· Pay supplier
· Cash purchase
· Purchase register
· Sales transaction
· Received payment
Student work Student work Student work Student w
· Cash sales does not Student work demonstrates an demonstrates a demonstra
demonstrates a demonstrates a effective proficient advanc
basic developed basic developed developed developed develop
· Adjustment note
understanding understanding understanding understanding understan
of how to of how to of how to of how to of how
· Part payment received perform (more perform (6-10 perform (3-5 perform (1-2 perform
than 10 errors)) errors) errors) errors) errors
Banking
· Spend, receive and transfer
money
Integration
· Monthly sales budgets:
transactions
Payroll
· Set up payroll
· Assign linked accounts for Student work Student work Student work Student w
payroll transactions does not Student work demonstrates an demonstrates a demonstra
demonstrates a demonstrates a effective proficient advanc
basic developed basic developed developed developed develop
· Payroll transactions
understanding understanding understanding understanding understan
of how to of how to of how to of how to of how
· Build employee list perform (more perform (6-10 perform (3-5 perform (1-2 perform
than 10 errors) errors) errors) errors) errors
· Pay employees
In your MYOB assignment, you enter input data in to the MYOB software based on the
source documents (input) of the book, print the outputs (the reports) generated by
MYOB software and then compare the printed outputs with the outputs of the book. If
two results of the two reports are different, you should reconcile the different results
Periodic information such as starting, ending and printing dates of each chapter entries
must be inserted into the correct section in chronological order, including causes and
solutions of the problems. Particularly when you finish each chapter, please print the
reports specified in the book and compare the results of the your printed reports and
the results of reports of the book . If two results of the two reports are different, you
should reconcile the different results on your printed reports and write down the
possible reasons in your report.
The final report should use an appropriate business report format and should include a
detailed description on (Times new Roman 12 point):
Analysis is
accurate Analysis is through
Analysis is Analysis is vague but not evident and evident Analysis is
Analysis arbitrary and not evident. and ev
Solutions based on
Solutions not Solutions based on analysis and Solutions
based on analysis analysis but not evidence/sound analysi
and not based on based on methods but can evidence
Solutions is evidence/sound evidence/sound not fix the methods a
Solution arbitrary methods methods problems probl
Make sure you individually address each criterion, carefully reading each one and
breaking it down into parts ensuring you address each aspect thoroughly. The most
important aspect of addressing selection criteria is to provide evidence through relevant
examples. Support your claims with actual, specific examples of what you have done
and how well you did it. One way to do this is to use the STAR model:
1. Situation: Outline a specific circumstance where you developed the particular experience or used the
required skills or qualities. Set the context of the situation.
2. Task: What was your role? What did you have to do?
3. Action: What did you do and how did you do it?
4. Result: What did you achieve? What were the results of what you did?
Tips
1. use clear language with specific and relevant examples from your current or past employment (paid or
unpaid), study, extra-curricular activities or other experience.
2. quantify your experience or skills if you can, e.g. ‘three years experience in creating monthly budgets
using Microsoft Excel.’
3. if an example applies to a number of selection criteria, include it under each separate criterion.
4. remember you are limited to a maximum of 500 words for each selection criterion
Example
Preparing your resume / curriculum vitae: your resume (also known as curriculum vitae
or CV) is a snapshot summarising your qualifications, experience, skills, qualities and
key accomplishments / achievements. A resume needs to be clear, concise and neatly
organised with content relevant to the role you are applying for.
Job advertisem
Job c
Job claim statement
statement
Job claim Resume Resume
statement is less Job claim Job claim
than one page statement statement Confirmation Confirmation
Resume email email
Documentation
Only one or two
aspects of the A few aspects of Most of the All aspects of
resume apply to the resume apply resume applies resume appl
the advertised to the advertised directly to the directly to t
Job Job Half of the resume job. job
Resume applies to the job
Outline motivation Outline motivation Outline motivation Outline motivation Outline motiv
and suitability for and suitability for and suitability for and suitability for and suitability
the role and the role and the role and the role and the role an
address one or two address a few address some address most address al
Job Claim selection criteria selection criteria selection criteria selection criteria selection crit
Statement individually individually individually individually individuall
Job claim
Job claim Job claim Job claim Job claim statement a
statement and statement and statement and statement and resume are vie
Professional resume are viewed resume are viewed resume are viewed resume are viewed as extreme
Format as not acceptable. as adequate as effective as professional profession
Audience has
difficulty
following
presentation
because some of
the Student sho
enthusiasm
Presentation is not presents
information is not
smooth and Student presents information
in
audience attention information in logical, intere
lost because there logical sequence sequence wh
is little sequence logical sequence. which audience engages th
Organisation Not Applicable of information. can follow. audience
Student primarily
reads presentation,
Student use
Student mumbles, Student’s voice is clear voice a
and speaks too low. Audience Student’s voice is correct, prec
quietly for members have clear. Most terms so that
students in the difficulty hearing audience members audience mem
back of class to presentation can hear can hear
hear and/or the and/or the presentation. The presentation.
Communication presentation was presentation was presentation was presentation
& Time too brief or too somewhat short or of the proper of the prop
Management Not Applicable long. somewhat long. duration. duration.
You may download ‘MYOB AccountRight Plus’ (Version 2016.2.2.exe) from the following
URL.
http://download.myob.com/au/Compliance_2016-2/AccountRight/MYOB_AccountRight_Setup_2016.2.2.exe
You need a serial number to create your company file.
You may create your company file for your assignment in tutorial class.
As KOI has a site/educational licence, you can create a company file at computer lab.
If you purchase a textbook (Accounting with MYOB 2015) from KOI Library, you are
given a serial number provided by the publisher.
Conclusion
Activate your company file
Activate Online
The serial number should automatically appear if you entered a serial number on
company information.
Conclusion
Congratulations! You successfully installed MYOB software.
From now on Follow the instruction on the textbook. (from page 19)
Backup File
When you finish each chapter (or you close software in the middle), you need to back
up your file in your USB, as your file is currently in [MY LIBRARY]. Please remember
when you open your MYOB file, it is added to [My Library], and all new transactions are
recorded in the added file in [My Library]. Backup procedure is a bit complicated as you
will be doing assignments both at home and in tutorial classes. All documents in [My
Library] of KOI computer labs are deleted weekly. Do not ask IT teams to find your
files.
Close MYOB software When you close MYOB software, Back up screen will be showing.
You are required to keep separate backup files for each chapter. After you finish your
assignment, you should have 9 files. If you lose a MYOB backup file in the real world,
you will lose your job.
Also, you need to submit your ‘WORK ACTIVITY REPORT’ with backup files. Backup files
will be returned to you.
If you have further question, please ask tutors for help in tutorial classes