Navigaid Systems Pty Ltd: A Manual Accounting Practice Set
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Navigaid Systems Pty Ltd is a small retail business specialising in the supply of a limited range of person global positioning systems to a variety of customers. The practice set is designed to give users experience, in a simulated retail business environment, experience in analysing, recording and processing a number of common business transactions incorporating a perpetual inventory system in a manual accounting system. On completion of this practice students should have an understanding of the processes and procedures associated with the manual accounting system and in particular a greater appreciation of: - the steps involved in the accounting cycle for a small retail business - how the accounting cycle culminates in the production of monthly financial statements - the accounting procedures used in a perpetual inventory system - how the Goods and Services Tax impacts on accounting - the role of balance day adjustments and their effects on final statements, and the end-of-period closing process - preparation of financial statements from accounting records.
Format:Paperback
Language:English
ISBN:0470820187
ISBN13:9780470820186
Release Date:October 2008
Publisher:Wiley
Length:400 Pages
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