Navigaid Systems Pty Ltd A Manual Accounting Practice Set |
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| Author:
| Edwards, Lew |
| ISBN: | 978-0-470-82018-6 |
| Publication Date: | Oct 2008 |
| Publisher: | John Wiley & Sons, Incorporated
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| Book Format: | Paperback |
| List Price: | USD $30.95 |
Book Description:
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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...
More Description
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.