Kavanagh, Marie and Brown, Marian (2008) Shady Bay Resort: an accounting practice set using MYOB Accounting Plus V16 and V17. Pearson Education Australia, Sydney, Australia. ISBN 9780733988738
Abstract
Student ed. CD contents: MYOB Accounting Plus v16 and v17 student editions, MYOB Premier Enterprise v4 and v5 student editions, MYOB AssetManager v3.5 student edition, MYOB RetailManager v9 student edition, MYOB AccountEdge v7 student edition.
This practice set is designed to simulate the activities of a business i.e. Shady Bay Resort, and provide students with the opportunity to process a number of common transactions affecting a business over one accounting period. It should ensure a greater appreciation of:
(a) the steps required in the accounting cycle (including GST requirements);
(b) entering sales, purchases, receipts, payments and general journal entries;
(c) reconciling bank accounts, GST, Accounts Receivable and Accounts Payable;
(d) printing financial reports which summarise the activities of the business for the period; and
(e) the preparation of the Business Activity Statement.
Tyson Brown and Sharon Turner are partners and the owner/operators of Shady Bay Resort. Situated on the beach at Shady Bay, the resort is located adjacent to the main shopping area which contains a number of boutiques and entertainment areas.
The Resort caters mainly for family groups and offers guests a choice of twenty-four self-contained one, two or three bedroom units at affordable prices. Resort facilities include a swimming pool, tennis court, barbeque/entertainment area, restaurant, computer games area and a children's play area. Brown and Turner also run a Four Wheel Drive and Bicycle Hire Service. They also hire equipment for use in the pool, on the tennis court and on the golf course.
Students are asked to analyse and enter transactions for the month of June 200X using MYOB Accounting Plus, according to the instructions given.
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