Assignment
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.
Attachment:- ACCOUNTING_PRACTICE_SET.rar