Hi,Have some accounting work that needs to be done. 2 Parts in total. Instructions and Set is attached.Part 1 : Complete...

FINANCIAL ACCOUNTING – ACCT1101

Group Assignment (Semester 1, 2017)

REQUIRED:

(1) Complete the Edward's Electrical Goods Pty Ltd Accounting Practice Set online on

LMS as per the general instructions.

(2) Once you have completed the accounts as per the Accounting Practice Set, discuss

which parts of the Accounting cycle process could have been completed automatically by

using a computer software package such as ACCPAC or QuickBooks. Your answer should

make reference to any specific documents or statements found in Edward's Electrical

Goods Pty Ltd accounts where this occurs.

As the firm is interested in developing an Accounting system in the near future, explain to

Edward Wright (the Managing Director of the company), the important phases in

implementing and maintaining an Accounting system and the factors that need to be

considered when developing such a system.

Your discussion of the above statements should in total be no more than 800 words in

length. (Show all references used).

Please complete your discussion in the WRITTEN COMPONENT section on LMS.

* Requirements (1) and (2) need to be completed o n l i n e o n L M S and b e submitted

no later than Monday 15th May, 2017, by 12.00 noon. [Only one online submission

per Group is required. The aggregate marks allocated to requirements (1) and (2)

are 15% in total.]