Reference no: EM133043081
MP111 Accounting for Management Decisions - Wentworth Institute of Higher Education
Learning Outcome 1: A Ability to summarise and explain the role and purpose of accounting, its processes and systems, and content of financial statements.
Learning Outcome 2: Understand and explain the principles of the Conceptual Framework, and the role and purpose of accounting standards and the regulatory environment.
Learning Outcome 3: Understand and explain the different business structures and to record activities of different types of businesses.
Learning Outcome 4: Ability to record business transactions and other events for different business types using double entry accounting.
Learning Outcome 5: Use accounting software to record business transactions and produce financial reports to for decision making.
Learning Outcome 6: Work collaboratively with others to research and analyse financial statement information and present recommendations clearly and concisely.
CLO1 A specialised knowledge of business theory and best practice relevant across a number of professional areas
CLO3 Cognitive skills to evaluate, diagnose and apply contemporary theory to standard business operations
CLO4 Communication skills to ensure effective exchange of professional information and to work constructively and ethically with a diverse range of others
CLO5 To make high level independent judgement within various business contexts
CLO6 To initiate, plan and deliver business outcomes that are ethical, viable and a ‘best fit' for the operational environment
CLO7 Work independently and productively with others taking responsibility for personal outputs and overall organisational performance
Assessment 1: MYOB Assignment
In this assignment students are given a comprehensive case study requiring them to critically analyse and evaluate business activity data to process financial information
Assessment Details: A comprehensive case study requiring students to record accounting information using MYOB. Stu information. Students are then required to complete an accounting analysis
Students are required to complete this assessment in 2 stages .
Stage 1 : MYOB Case Study
Students will be completing a pre-released case study (on Canvas). MYOB application will be demo lecture 2
Students are required to submit the following MYOB documents and reports on Canvas by the end
• General Journal Transaction Journal for the period of business operation
• Sales and Receivable Transaction Journal for the period of business operation
• Purchase and Payable Transaction Journal for the period of business operation
• Cash Disbursement Transaction Journals
• Cash Receipts Transaction Journals
• Standard Balance Sheet for the period of business operation.
• Profit and Loss Statement (Accrual) for the period of business operation.
Students should save all the MYOB reports required as PDF files first and then combine all of them using Snipping Tool). Students only need to submit ONE file showing all the above documents an
Key Requirement: You must use the initials of your name and the last 2 digits of your student nu setting up in MYOB.
Example :
A supplier is Wentworth
A student whose name is Celine Adams (9876), will need to set up this supplier in MYOB as : CA76
Stage 2: Individual MYOB Assessment
Each student will be assessed their MYOB skills on their laptop in Week 4 in class with 5 questions student will be provided 5 minutes to complete these questions under the lecturer's invigilation (t this case study in Week 3 Stage 1)
• Students are required to bring to class in week 4 - a laptop with MYOB program (already
• Students will be assessed with 5 questions to demonstrate their competency and knowle accounts/customers/suppliers/inventories/recording transactions/recording journal ent
Attachment:- Accounting for Management Decisions.rar