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ACC601: Accounting - Financial Report Writing Assessment Answer
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Internal Code: D_AI_DCIC_AJ
Code: ACC601
Accounting Financial Report Writing Assessment Answer
Assignment Task: ACC601 Assignment – Using XERO Accounting Software This assignment aims to provide students with an opportunity to use accounting software, rather than using pens and paper or Excel spreadsheets. XERO is an accounting application, in the cloud, so you will not have to install any software. Task description Over the semester you will: -- Create a company using XERO;
- Set up a Chart of Accounts
- Input a Trial Balance
- Import bank transactions
- Create inventory items and record Sales;
- Make purchases
- Enter Journal entries for the end of year processing
- Print Accounting Reports
- Analyze the Reports using financial ratios
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