Summary

The Happy Potters Pty Ltd is a computerised practice set produced primarily as a teaching aid to be used in association with an introductory accounting textbook that will also introduce students to the many features of MYOB Accounting Plus (Version 15). This practice set is designed to give students experience in recording a variety of business transactions common to small retail businesses, so that they will gain an understanding of a computerised accounting system, how it operates, how to set up a data file and enter opening balances, how to record transactions, and how to produce useful reports. This \'hands-on\' methodology reinforces the students\' understanding of accounting fundamentals typically encountered in practice, and is therefore, suitable for students undertaking a course in accounting. FEATURES Completion of the practice set for a one month period, should ensure a greater appreciation of the following: the steps in a typical accounting cycle the use of subsidiary ledgers the perpetual inventory system balance day adjustments the bank account reconciliation how the accounting cycle culminates in the preparation of financial statements how GST is recorded and the effect it has on transactions MYOB Accounting Plus Version 15 About the Authors Wendy Pabst is a Graduate of The WA Institute of Technology (now Curtin University of Technology) majoring in Accounting with Computing and Business Law minors. She teaches accounting computer packages at Curtin University and has done so for the past 3 years. She is also a sole practitioner, having been in public practice for 16 years, assisting small business proprietors with their taxation, accounting and computing needs. Her practice uses a variety of computer packages on a regular basis, depending on the client\'s size and needs. Brian Perrin is a Lecturer in the School of Accounting at Curtin University of Technology, Western Australia. He currently lectures in and co-ordinates computerised accounting courses both locally and overseas. His work experience in both financial and management accounting spans some thirty years in private practice, commerce, the public sector and education. Brian\'s research interest is in the area of management accounting and he is currently undertaking a PhD in that area.