ACCY901 Electrical Company Overview

ACCY901 Electrical Company Overview

ACCY901 Electrical Company Overview

ACCY901 Electrical Company Overview

 John and Jane and have been running a small electrical business – John and Jane's Electrical – in Wollongong for the past 8 years. Recently, demand for electrical supplies and fittings has soared, and John and Jane decided to open the store in 3 alternative locations.

Problems at John and Jane's Electrical Company
John and Jane have been using a manual accounting system, where they keep track of the financial records, including stock, tax, payroll, accounts receivable and payable etc. with a written ledger of transactions. However, with the growth in sales, complexity of managing 4 businesses, and the inefficiency and errors involved in using a manual system the owners need a change.
You are required to consider a solution for John and Jane's Electrical Company:
MYOB is a leading provider of business management solutions for small to medium size organisations in areas including accounting, payroll, job management and financial reporting. By reviewing the various case studies discussed on the MYOB website as a guide1, you are required to write a report to the owners on the benefits of converting to the online accounting software tool MYOB. This report should address the following information:
1. Outline the economic transactions that would take place at a small business.
2. Outline the benefits of using an online accounting software tool.
3. Outline the problems Jane and John face by using a manual accounting system.
4. With reference to three (3) specific economic transactions that would take place at John and Jane's Electrical Company, detail how  MYOB would be used and useful.
5. Outline any limitations or risks that John and Jane's Electrical Company may face in the implementation of MYOB.
Report Specifics:
Your report will begin with a ‘before’ and ‘after’ summary table that lists the difficulties and inefficiencies before the implementation of MYOB and the perceived benefits after. You will then provide a response to the five (5) points listed above. The report must include an assessment cover page.
The report is to be Word-processed, size 12 Times New Roman Font, 1.5 spaced and to be 1,500 words in length.
In researching and writing your report, you can use the Faculty computers on Level 2 in Building 40 on Wollongong campus, and on Levels 9 and 18 in the Sydney campus – both which have MYOB installed for student use.
This is an individual assessment. Submission will be in week 7: 5pm Friday, 6 October, 2017 via the ACCY901 Moodle site, and uploaded into your tutor’s folder.
Marks will be awarded for correct answers, information in report-style format and addressed to the target audience, and grammar. Marks for reports submitted by the due date will be made available via SOLS in week 9.
marketing assignmentmarketing management assignmentmarketing management assignment helpdigital marketing assignment helpmarketing assignment help onlinemarketing homework helpmarketing assignment writingonline marketing assignment helpstrategic marketing assignment helponline marketing assignmentmarketing assignment writing serviceinternational marketing assignment helpmarketing mix assignment helpmarketing homework assignment




  • Number of views:
  • PRICE :
    AU$ 0.00

Submit Works

Drop File To Upload Or
Assignment Help Australia

Our Top Experts

Karen Betty

Holding a PhD degree in Finance, Dr. John Adams is experienced in assisting students who are in dire need...

55 - Completed Orders

Daphne Lip

Canada, Toronto I have acquired my degree from Campion College at the University of Regina Occuption/Desi...

52 - Completed Orders

Mr Roberto Tuzii

Even since I was a student in Italy I had a passion for languages, in fact I love teaching Italian, and I...

102 - Completed Orders

Harsh Gupta

To work with an organization where I can optimally utilize my knowledge and skills for meeting challenges...

109 - Completed Orders


JOB OBJECTIVE Seeking entry level assignments in Marketing & Business Development with an organization...

202 - Completed Orders


Current work profile Project manager- The Researchers Hub (2nd Jan 2016 to presently working) Researc...

20 - Completed Orders

Tan Kumar Ali

Sales Assistant, Mito Marina Assigned to the Stationery dept – assisted in merchandising, stock taking...

100 - Completed Orders

Wesenu Irko

Personal Profile Dedicated and highly experienced private chauffeur. High energy, hardworking, punctua...

200 - Completed Orders