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of 3 Automatic Zoom Actual Size Page Fit Page Width 50% 75% 100% 125% 150% 200% 300% 400% CrownInstitute of Business andTechnologyPtyLtdABN86116018412National ProviderNo:91371 CRICOSProviderCode:02870DNorthSydneyCampus: 116PacificHighwayNorth Sydney NSW2060P0299550488F0299553888SydneyCBDCampus:Level 5,303Pitt StSydneyNSW 2000P0289596340F0299553888SydneyCBDCampus:Level 11,307Pitt StSydneyNSW 2000P028034 6431Canberra Campus:Suite 1, Level 4, 40 Cameron Avenue, Belconnen, ACT 2617 P 02 6253 5184FNSACC416Assessment Task 02v1.1Page 1of 3FNSACC416 Set Up and Operate a Computerised Accounting SystemAssessment Task 02–Practical TestTask Summary:This assessment task requires you to use the data set up for the system from Assessment Task 01and continue to enter the Sales, Purchases and Inventories records for the company. This assessment is to be completed in the simulated work environment in the RTO.Required:•Computer with Microsoft Office and Internet Access•Access to a Computerised Accounting System –MYOB•Bank StatementsSubmit:➢Journal Report ➢Prepayment of Expenses Account Transaction Report➢Trial Balance➢Goods and Services Tax (GST) Accrual Report➢Payroll Report➢Reconciliation Report➢Banking Transactions Report.Using the file that you created for Assessment Task 01, complete the following activities:1.Make Balance Day Adjustments:Use the General Journal to adjust for Wages, Rent and Insurance on June 30th.Use the General Journal to make any Balance Day Adjustments for Prepayments and Accruals:•Generate a Journal Report that includes these transactions.•Generate a Prepayment of Expenses Account Transaction Report.2.Perform an End of Year Rollover:•Generate a fully Reconciled Trial Balance.•Generate a Reconciliation Report of each posting Account.3.Ensure that the Bank Account Reconciles with the Bank Statements:•Generate a Banking Transactions Report for the months of May and June.Reconcile this report with the Bank Statements.CrownInstitute of Business andTechnologyPtyLtdABN86116018412National ProviderNo:91371 CRICOSProviderCode:02870DNorthSydneyCampus: 116PacificHighwayNorth Sydney NSW2060P0299550488F0299553888SydneyCBDCampus:Level 5,303Pitt StSydneyNSW 2000P0289596340F0299553888SydneyCBDCampus:Level 11,307Pitt StSydneyNSW 2000P028034 6431Canberra Campus:Suite 1, Level 4, 40 Cameron Avenue, Belconnen, ACT 2617 P 02 6253 5184FNSACC416Assessment Task 02v1.1Page 2of 34. Submit the following to your Assessor:➢Journal Report ➢Prepayment of Expenses Account Transaction Report➢Trial Balance➢Goods and Services Tax (GST) Accrual Report➢Payroll Report➢Reconciliation Report➢Banking Transactions Report.

fnsacc416-assessment-task-02-v11-sabina-tjnmjpw4.pdf

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FNSACC416 SET UP AND OPERATE A COMPUTERISED ACCOUNTING SYSTEM
Table of Contents
Journal Report	3
Profit & Loss Statement	4
Pre - Payment of Expenses Account Transaction Report	6
GST Accrual Report	7
Payroll Report	7
Reconciliation Report	7
Banking Transactions Report	8
Part A:
Journal Report 
	
	Date                          Particular           L.f.                                    Amt.(Dr.)               Amt. (Cr.)
	
	May 1                    Cash                       A/C                   Dr                                       $19,783
	                                To  Capital            A/C
	May 3             Local Newspaper          A/C                  Dr               $285
	                                  To  Cash              A/C
	May 4             Shady Timber Mill       A/C                  Dr            $1,340                
	                                 To  Cash               A/C
	May 7                 Wages                        A/C                  Dr             $1,825
	                                 To  Cash               A/C
	May 14               Wages                         A/C                  Dr              $1,825
	                                   To  Cash              A/C
	 May 21                Wages                       A/C                  Dr             $1,825
	                                 To  Cash               A/C
	May 21         The Timber Guys           A/C                 Dr                $720
	                                To  Cash                A/C
	May 22               Jack Daniels              A/C                   Dr              $234
	                                    To  Cash            A/C                                     
	May 28                  Wages                     A/C                  Dr             $1,825
	                                     To  Cash           A/C
	
	
	June 1                  Cash                                A/C                 Dr                                    $22,

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