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of 7 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 5184FNSACC416 Assessment Task 01v1.1Page 1of 7FNSACC416 Set Up and Operate a Computerised Accounting SystemAssessment Task 01–Practical TestPart A: Task Summary:For this assessment task you are required to enter the details of a small business, Andrew’s Slabs, into Accounting Software(MYOB)based on the scenario information, using the data provided.You will then participate in a meeting with your assessor, who will beplayingthe role of Andrew. He will ask you to demonstrate some of the features of the Accounting Software that you are using, and ask you to change some details of the data that you have entered.This assessment is to be completed in the simulated work environment in the RTO.Required:•Access to a Computerised Accounting System–MYOB•Computer with Microsoft Office and Internet Access•Andrew’s Accounts•Andrew’s Slabs Transactions July•Financial Policy and ProceduresSubmit:oList of AccountsoGeneral Ledger reportoMotor Vehicle Expenses Report.oNew List of Accounts oNew General LedgeroGST Report oBalance SheetoProfit and Loss statement.Students are required to submitHard Copies of the above to the Trainer andUpload Soft Copies of all MYOB files in PDF formatin Moodle.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 5184FNSACC416 Assessment Task 01v1.1Page 2of 7Scenario:Andrew has been buying and selling timber slabs for some years. He makes a range of items from the slabs he buys and will also sometimes buy old furniture, renovate it, and then resell it. He has also started repairing furniture and sometimes sells bespoketimber slabs to customers. The business transactions are still recorded in a cash receipts book, and then transferred to an Excel Workbook, but Andrew has decided to move to an electronic accountancy system. It is your job, as the newly appointed Accounts Officer, to record the company’s details and transactions into a Computerised Accounting System Framework(MYOB). Complete the Following Activities: 1. Enter Company Data: •Enter the data provided in Andrew’s Accountsinto the MYOB Accounting Software provided by your Assessor. •Modify the Chart of Accounts as set out in Andrew’s Accounts, entering the Opening balancesas appropriate.•Delete the accounts that are not listed in Andrew’s Accounts.•Enter details of Andrew’s Slabs’ Customers and Suppliers from Andrew’s Accounts. •The four Customers listed in Andrew’s Accounts have all agreed to the credit terms as set out in the Financial Policy and Procedures and are therefore extended credit at the terms detailed.•Enter Inventory items.2.Enter the Sales and the Outgoings in Andrew’s Slabs Transactions forMay and June:Process all transactions in the integrated system, including:•Credit card•Invoices •Petty cash.