ACCY901 Accounting Foundations for Professionals Assignment

Assignment Help Accounting Basics

Reference no: EM133112851

ACCY901 Accounting Foundations for Professionals - University of Wollongong

MYOB Exercise:

Background

ActivTec Solutions is a leading provider of specialised maintenance and repair solutions to the aged care and medical industries. In the 15 years since their inception, the family-owned and operated company has become one of Australia's largest service provider and distributor of medical and mobility parts. In the last couple of years, the company has experienced rapid growth - and all the operational complexity that comes with it. They'd outgrown their old system, and chose to upgrade to MYOB Advanced Business. As a result, a fit-for-purpose, modular system that enables ActivTec to grow by automating key business processes.

Tasks
By reviewing the case study of ActivTec Solutions on the MYOB website you are required to write a report addressing the following tasks:

Question 1: Outline the specific functions provided by MYOB software.

Question 2: Discuss the problems of using a manual accounting system.

Question 3: Outline the benefits of using an online accounting software tool.

Question 4: Discuss three (3) specific economic transactions that would take place at ActivTec Solutions, detail how MYOB would be used and useful.

Question 5: Discuss any limitations or risks that ActivTec Solutions may face in the implementation of MYOB.

Style and Format
- The report must be word processed, in size 12 Times New Roman font using double-line spacing with a left margin of 2cm.

Attachment:- Accounting Foundations for Professionals.rar

Reference no: EM133112851

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