Setting up an Integrated Accounting System - Processing Transactions - Accounting and Finance Assignment Help

Assignment Task :

FNSACC406 Set Up And Operate A Computerized Accounting System Solved Referencing Styles : Harvard For this assessment you will be assessed on your skills and knowledge required to modify and operate an integrated computerised accounting system, including processing transactions within the system, maintaining the system, producing reports and ensuring system integrity. You will complete the following tasks. These tasks will need to be completed and submitted in a professional, word processed, format ensuring accuracy and detail.

1. For this task you are to write a procedure detailing how you would set up and operate a computerised accounting system. This procedure is to be written to an audience who have no previous knowledge of the subject and should be designed to instruct them on the exact procedure for setting up and operating a computerised accounting system. In line with organisational requirements, procedures and policies, industry legislation relating to computerised accounting systems Ensure you cover the following areas in your procedure:

a) Setting up an integrated accounting system

b) Setting up customers, suppliers and inventory items

c) Processing transactions within the system

d) Ensuring integrity of the data

e) Generating, producing and printing reports

f) Maintaining the system

g) Ensuring system integrity

h) Identifying technical help

2. For this task you must research each of the following topics, and complete a basic report on your findings. The research topics are:

a) What are the key principles and practices of double-entry accounting?

b) What are the key principles and practices of accrual accounting?

c) What are the key features and characteristics of information included in source documents of financial data? WRITTEN ACTIVITY 2 For this assessment you will be assessed on your skills and knowledge required to modify and operate an integrated computerised accounting system. You will complete the following tasks. These tasks will need to be completed and submitted in a professional, word processed, format ensuring accuracy and detail.

1. For this task you are to set up an organisation's chart of accounts.

a) You will do this by modifying an established integrated financial software system.

b) You will set the up the chart of accounts in accordance with organisational requirements, procedures and policy.

c) You will need access to a range of common office equipment, technology, software and consumables, an integrated commercial financial software system and associated data.

2. Answer the following questions in preparation.

a) What is a chart of accounts?

b) What are subsidiary accounts?

c) How can you improve the chart of accounts for a company?
 

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