You have been employed to establish a computerised accounting system in a small organisation. The organisation...

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Accounting

You have been employed to establish a computerised accountingsystem in a small organisation. The organisation currently uses aledger card system for its accounts. The organisation has chosen apopular proprietary accounting software system. Describe the stepsto be taken prior to inputting the data into the computerisedsystem and how you would go about implementing the new system.
You must show that you can:
set up an organisation’s chart of accounts by modifying anestablished integrated financial software system
interpret and apply organisational policies and procedures
implement an integrated accounting system ensuring integrity ofthe data
process transactions, generate reports and maintain theintegrated system
(Answer should be in Australian legislation)
(Accounting software can be MYOB, XERO or Quickbooks)

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Elements and Performance Criteria ELEMENT PERFORMANCE CRITERIA 1Implement an integrated accounting system11The general ledger chart of accountsand subsidiary accounts are implemented in accordance with organisational requirements procedures and policies12Customers suppliers and inventory items are set up inthe system to meet organisational requirements and the reporting requirements of Goods See Answer

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